Share Sales by Shareholders in Nuveen Multi-Asset Income Fund
Saba Capital Management and Boaz Weinstein, both prominent investors in the Nuveen Multi-Asset Income Fund (NYSE:NMAI), have disclosed the sale of shares amounting to approximately $1.26 million, as per recent SEC filings. The fund, currently valued at a market capitalization of $404 million, boasts an appealing dividend yield of around 14% and a P/E ratio of 8.03, according to InvestingPro data.
Details of the Share Transactions
These share sales occurred on December 27 and December 30, involving the sale of 104,249 shares at prices that ranged between $12.06 and $12.07 per share. Following these transactions, Saba Capital and Weinstein now collectively hold 3,634,562 shares in the fund. The method of these sales was indirect, indicating an ongoing strategy of portfolio adjustments by these significant shareholders.
This shift in the ownership structure highlights the dynamic nature of investment strategies in the current market landscape, further drawing attention to the performance and potential of the Nuveen Multi-Asset Income Fund.
This article was created with the assistance of AI and subsequently reviewed by an editor for accuracy.
