Saba Capital Management, L.P. filed a Form 4 on October 26, 2026, disclosing a purchase of 65,000 shares of BNY Mellon Strategic Municipals, Inc. common stock on October 23, 2026.

Key Highlights

  • Purchase transaction: Saba Capital Management, L.P. acquired 65,000 shares of common stock on October 23, 2026.
  • Price paid: Shares were acquired at $5.68 each, according to the filing.
  • Beneficial ownership following transaction: Saba Capital Management reported indirect beneficial ownership of 6,547,189 shares after the transaction.
  • Ownership status: The reporting person is identified as a 10% owner of the issuer.
  • Indirect ownership structure: The filing states the securities are held 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., according to the filing.

Saba Capital Management's October 23 Purchase in BNY Mellon Strategic Municipals

Saba Capital Management, L.P., a New York-based investment manager located at 405 Lexington Avenue, 58th Floor, filed a Statement of Changes in Beneficial Ownership with the SEC on October 26, 2026. The filing covers a transaction dated October 23, 2026, in the common stock of BNY Mellon Strategic Municipals, Inc., which trades under the ticker LEO.

According to the filing, the transaction is coded "P," indicating a purchase. Saba Capital Management acquired 65,000 shares at a price of $5.68 per share. Following this transaction, the firm's indirect beneficial ownership stood at 6,547,189 shares. The filing notes that these securities are held indirectly, through funds and/or accounts for which Saba Capital Management, L.P. serves as investment manager.

The filing identifies Boaz R. Weinstein as the managing member of Saba Capital Management GP, LLC, which is the general partner of Saba Capital Management, L.P. Saba Capital Management is listed as a 10% owner relative to the issuer. No derivative securities transactions were reported in this filing. The form was signed by Maria Piccolino on behalf of Saba Capital Management, L.P., and by Boaz Weinstein, both on October 26, 2026.

What Was Disclosed

Saba Capital Management, L.P. disclosed the purchase of 65,000 shares of BNY Mellon Strategic Municipals, Inc. common stock at $5.68 per share on October 23, 2026, bringing its total indirect beneficial ownership to 6,547,189 shares.