Saba Capital Management, L.P., a significant shareholder in the Nuveen Multi-Asset Income Fund (NYSE:NMAI), a $407 million market cap fund currently offering a substantial 13.7% dividend yield, has reported the sale of its shares, according to a recent SEC filing. InvestingPro data shows the fund generally trades with low price volatility, with additional insights available to subscribers. The transactions, executed on January 2 and January 3, 2025, involved the sale of 59,946 shares at $12.08 per share and 41,180 shares at $12.11 per share, respectively. The total value of these sales amounted to approximately $1.22 million. Following these transactions, Saba Capital Management holds 3,498,499 shares of the fund. The sales occurred with the fund trading near its 52-week low of $11.63, at a P/E ratio of 8.03. The filings were signed by Zachary Gindes on behalf of Saba Capital Management and by Boaz Weinstein, a ten percent owner. Discover more comprehensive financial metrics and analysis with InvestingPro.
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