Saba Capital Management, L.P. has reported a significant transaction involving Eaton (NYSE:ETN) Vance California Municipal Bond Fund (NYSE:EVM), a fund that has delivered a solid 9.79% return year-to-date and maintains a notable 5.22% dividend yield. On December 5, Saba Capital acquired 36,430 shares of the fund's common stock at a price of $9.52 per share, amounting to a total investment of approximately $346,813. This purchase increases Saba Capital's total holdings in the fund to 3,673,181 shares. According to InvestingPro, EVM has maintained dividend payments for 23 consecutive years and currently holds a GOOD overall financial health score. The transaction reflects Saba Capital's continued interest in the municipal bond fund, with Boaz Weinstein, a prominent figure in the investment world, being a key reporting owner.
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