Saba Capital Management, L.P. filed a Form 4 on November 6, 2026, disclosing the sale of common shares in PIMCO Dynamic Income Strategy Fund across two transactions on November 4 and November 5, 2026.

Key Highlights

  • First sale: 32,699 shares disposed of on November 4, 2026, at $20.73 per share.
  • Second sale: 4,172 shares disposed of on November 5, 2026, at $20.29 per share.
  • Remaining beneficial ownership: 5,857,931 shares held indirectly following both transactions.
  • Ownership structure: All reported securities are held indirectly through funds and/or accounts for which Saba Capital Management, L.P. serves as investment manager.
  • Key principal: Boaz R. Weinstein serves as managing member of Saba Capital Management GP, LLC, the general partner of Saba Capital Management, L.P.
  • Relationship to issuer: Saba Capital Management, L.P. is identified as a 10% owner of PIMCO Dynamic Income Strategy Fund.

Saba Capital Management Reduces Position in PIMCO Dynamic Income Strategy Fund

According to the Form 4 filed with the SEC on November 6, 2026, Saba Capital Management, L.P. reported two dispositions of common stock in PIMCO Dynamic Income Strategy Fund, traded under the ticker PDX. The filing identifies the issuer's ticker as PDX, with no exchange designation written in the filing's ticker field. Saba Capital Management is listed as a 10% owner of the fund.

The first transaction, dated November 4, 2026, involved the sale of 32,699 shares at a price of $20.73, reducing the indirectly held position to 5,862,103 shares. The following day, November 5, 2026, an additional 4,172 shares were sold at $20.29, bringing total beneficial ownership to 5,857,931 shares following both reported transactions. Both sales carry transaction code "S" and both positions are held indirectly.

The filing notes in its explanation of responses that "the securities reported herein are held by funds and/or accounts for which Saba Capital Management, L.P. serves as investment manager." The form was signed by Maria Piccolino on behalf of Saba Capital Management, L.P. and also lists Boaz R. Weinstein, with both signatures dated November 6, 2026. No derivative securities were reported in Table II of the filing.

What Was Disclosed

Saba Capital Management, L.P. disclosed two sales of PIMCO Dynamic Income Strategy Fund common stock on November 4 and November 5, 2026, totaling 36,871 shares, with 5,857,931 shares remaining under indirect beneficial ownership after both transactions.