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Saba Capital Administration, L.P., a distinguished funding agency, has expanded its place in Pioneer Municipal Excessive Earnings Alternatives Fund, Inc. (NYSE:MIO) by way of current inventory purchases. The transactions, reported on January 6, 2025, contain the acquisition of 6,450 shares over two days, January 2 and January 3, at costs starting from $11.96 to $11.99 per share. The full worth of those purchases quantities to roughly $77,175. The fund’s shares, at present buying and selling at $12.06, supply a notable 5% dividend yield. In response to InvestingPro evaluation, the inventory’s RSI signifies oversold territory, doubtlessly signaling a shopping for alternative.
Following these acquisitions, Saba Capital Administration now holds a complete of two,086,388 shares within the fund. The purchases mirror the agency’s continued funding curiosity within the fund, which focuses on municipal high-income alternatives.
The transactions have been signed off by Zachary Gindes on behalf of Saba Capital Administration and Boaz Weinstein, a big stakeholder, on January 6, 2025.
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