Saba Capital Management, L.P. filed a Form 4 with the SEC on October 27, 2026, disclosing a purchase of common stock in BNY Mellon Strategic Municipals, Inc. on October 26, 2026.

Key Highlights

  • Transaction: Saba Capital Management, L.P. acquired 12,583 shares of common stock on October 26, 2026.
  • Price paid: Shares were purchased at $5.76 each, according to the filing.
  • Post-transaction holdings: Saba Capital Management reported beneficial ownership of 6,559,772 shares following the transaction.
  • Ownership type: The beneficial ownership is held indirectly, through funds and/or accounts for which Saba Capital Management, L.P. serves as investment manager.
  • 10% owner status: The filing identifies Saba Capital Management as a greater-than-10% owner of the issuer.
  • Key principal: Boaz R. Weinstein serves as the managing member of Saba Capital Management GP, LLC, the general partner of Saba Capital Management, L.P., according to the filing.

Saba Capital Management's October 2026 Purchase in BNY Mellon Strategic Municipals

According to the Form 4 filed on October 27, 2026, Saba Capital Management, L.P. reported a purchase of 12,583 shares of common stock of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) on October 26, 2026, at a price of $5.76 per share. The transaction code recorded in the filing is "P," indicating an open-market purchase.

The filing discloses that following this transaction, Saba Capital Management holds indirect beneficial ownership of 6,559,772 shares. The filing notes that "the securities reported herein are held by funds and/or accounts for which Saba Capital Management, L.P. serves as investment manager." Saba Capital Management is identified in the filing as a 10% owner of the issuer.

The filing further states that Boaz R. Weinstein serves as the managing member of Saba Capital Management GP, LLC, which is the general partner of Saba Capital Management, L.P. The Form 4 was signed by Maria Piccolino on behalf of Saba Capital Management, L.P., and also carries the signature of Boaz Weinstein, both dated October 27, 2026. No derivative securities transactions were reported in this filing.

What Was Disclosed

Saba Capital Management, L.P. disclosed a purchase of 12,583 common shares of BNY Mellon Strategic Municipals, Inc. at $5.76 per share on October 26, 2026, bringing its indirectly held beneficial ownership to 6,559,772 shares.