Saba Capital Administration acquires $775,335 in Pioneer Municipal Excessive Earnings Fund

Saba Capital Administration, L.P., a outstanding funding agency, has elevated its stake in Pioneer Municipal Excessive Earnings Benefit Fund, Inc. (NYSE:MAV), a $203 million market cap fund with a notable 22-year dividend fee historical past and present yield of 4.6%, with vital acquisitions of frequent inventory. In line with a current submitting, Saba Capital bought a complete of 91,132 shares over two days, December 19 and December 20, at costs starting from $8.50 to $8.53 per share. The entire transaction worth quantities to $775,335.

Following these transactions, Saba Capital now holds 3,668,522 shares of the fund. The acquisitions mirror Saba Capital’s ongoing curiosity within the fund, enhancing its place as a significant stakeholder.

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