Saba Capital Management, L.P. filed a Form 4 on October 28, 2026, disclosing a purchase of common stock in BNY Mellon Strategic Municipal Bond Fund, Inc. on October 27, 2026.

Key Highlights

  • Purchase transaction: Saba Capital Management, L.P. acquired 13,695 shares of common stock on October 27, 2026.
  • Price paid: Shares were acquired at $5.63 each, according to the filing.
  • Total beneficial ownership: Following the transaction, Saba Capital Management, L.P. reported beneficial ownership of 5,470,384 shares.
  • Ownership stake: The filing identifies Saba Capital Management, L.P. as a 10% owner of the issuer.
  • Indirect ownership: The shares are held indirectly by funds and/or accounts for which Saba Capital Management, L.P. serves as investment manager.
  • Key individual: Boaz R. Weinstein serves as the managing member of Saba Capital Management GP, LLC, the general partner of Saba Capital Management, L.P.

Saba Capital Management's October 2026 Transaction in BNY Mellon Strategic Municipal Bond Fund

According to the Form 4 filed with the SEC on October 28, 2026, Saba Capital Management, L.P. reported a purchase of 13,695 shares of common stock in BNY Mellon Strategic Municipal Bond Fund, Inc. (NYSE:DSM) on October 27, 2026, at a price of $5.63 per share. The transaction code reported is "P," indicating an open-market purchase.

Following the reported transaction, Saba Capital Management, L.P. disclosed beneficial ownership of 5,470,384 shares, held indirectly. The filing states that "the securities reported herein are held by funds and/or accounts for which Saba Capital Management, L.P. serves as investment manager." The filing further notes that Boaz R. Weinstein serves as the managing member of Saba Capital Management GP, LLC, the general partner of Saba Capital Management, L.P. The form was signed by Maria Piccolino on behalf of Saba Capital Management, L.P., and by Boaz Weinstein, both on October 28, 2026.

Saba Capital Management, L.P. is identified in the filing as a 10% owner of BNY Mellon Strategic Municipal Bond Fund, Inc. No derivative securities transactions were reported in this filing. The ownership is classified as indirect, with no direct holdings separately reported.

What Was Disclosed

Saba Capital Management, L.P. disclosed the acquisition of 13,695 shares of BNY Mellon Strategic Municipal Bond Fund common stock at $5.63 per share on October 27, 2026, bringing its total indirectly held beneficial ownership to 5,470,384 shares.