Investing.com UK - Financial Markets Worldwide
🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Shares

Saba capital buys $34,973 in Pioneer Municipal High Income Fund

Published 09/12/2024, 16:00
MHI
-

Saba Capital Management, L.P. has recently increased its stake in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI), acquiring additional shares over two separate transactions. According to the latest SEC filing, Saba Capital purchased a total of 3,644 shares, amounting to an investment of $34,973. The shares were acquired at prices ranging from $9.59 to $9.61 per share. The fund, currently valued at $219.29 million, offers a notable dividend yield of 4.35% and has maintained dividend payments for 22 consecutive years, according to InvestingPro data.

These transactions took place on December 5 and December 6, 2024, and were executed under the indirect ownership of Saba Capital. Following these acquisitions, Saba Capital's total holdings in the fund have increased to 3,895,225 shares.

Boaz Weinstein, a key figure at Saba Capital, also signed off on the transactions, reflecting the firm's continued interest in the municipal high-income sector.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.