Saba capital administration buys $196,028 in Pioneer municipal excessive revenue benefit fund

In a latest transaction, Saba Capital Administration, L.P., a distinguished funding agency, acquired 23,008 shares of Pioneer Municipal Excessive Earnings Benefit Fund, Inc. (NYSE:MAV). The acquisition, dated January 6, 2025, was made at a value of $8.52 per share, leading to a complete funding of $196,028. The fund, presently buying and selling at $8.55 with a market capitalization of $204.47 million, affords a dividend yield of 4.56% and has maintained dividend funds for 22 consecutive years based on InvestingPro knowledge. Following this acquisition, Saba Capital Administration holds a complete of three,821,708 shares within the fund. The transaction was disclosed in a Type 4 submitting with the Securities and Alternate Fee. Boaz Weinstein, related to Saba Capital, additionally signed off on the transaction. With a P/E ratio of 5.1 and an total monetary well being rating rated as ‘GREAT’ by InvestingPro, buyers can entry extra priceless insights and metrics by way of the platform.

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