Saba Capital Management, L.P. filed a Form 4 on September 14, 2026, reporting two open-market sales of common stock in PIMCO Dynamic Income Strategy Fund (NYSE:PDX) executed on September 10 and September 11, 2026.

Key Highlights

  • First sale: 11,560 shares disposed of on September 10, 2026 at $21.88 per share (transaction code S).
  • Second sale: 10,128 shares disposed of on September 11, 2026 at $21.66 per share (transaction code S).
  • Remaining beneficial ownership: 6,351,532 shares held indirectly following both transactions.
  • Ownership role: Saba Capital Management is identified as a 10% owner of the issuer.
  • Indirect ownership: All shares are reported as indirectly held.
  • Signatories: The filing was signed by Zachary Gindes on behalf of Saba Capital Management, L.P., and by Boaz Weinstein, both on September 14, 2026.

Saba Capital's Reported Share Reduction in PIMCO Dynamic Income Strategy Fund

According to the filing, Saba Capital Management, L.P., headquartered at 405 Lexington Avenue, 58th Floor, New York, New York 10174, reported two separate dispositions of common stock in PIMCO Dynamic Income Strategy Fund, traded on NYSE under the symbol PDX. The filing identifies Saba Capital Management as a 10% owner of the issuer, not as a director or officer.

The first transaction, dated September 10, 2026, involved the sale of 11,560 shares at a price of $21.88, reducing the indirectly held beneficial ownership to 6,361,660 shares. The second transaction, dated September 11, 2026, involved the sale of 10,128 shares at $21.66 per share, bringing the reported indirect beneficial ownership to 6,351,532 shares following both transactions. Both dispositions carry transaction code S, indicating open-market sales, as disclosed in the filing.

All reported beneficial ownership is classified as indirect in the filing. No derivative securities transactions were reported in Table II. The form was filed as a single reporting person filing and was not flagged as an amendment to a prior form. No Rule 10b5-1 plan box was checked for either transaction.

What Was Disclosed

Saba Capital Management, L.P. disclosed two sales of PDX common stock totaling 21,688 shares across September 10 and September 11, 2026, at prices of $21.88 and $21.66 respectively, with 6,351,532 shares remaining indirectly beneficially owned after both transactions.