Saba capital and Boaz Weinstein enhance stake in Eaton Vance fund

NEW YORK—Saba Capital Administration, L.P. and Boaz Weinstein have elevated their holdings within the Eaton (NYSE:ETN) Vance California Municipal Bond Fund (NYSE:EVM), in accordance with a current submitting. The transactions, dated December 19 and 20, concerned the acquisition of 73,044 shares of the fund’s frequent inventory. The purchases had been made at costs starting from $9.20 to $9.25 per share, amounting to a complete transaction worth of roughly $673,473. In keeping with InvestingPro, EVM has maintained constant dividend funds for 23 consecutive years, presently providing a 5.48% yield.

Following these transactions, Saba Capital and Weinstein collectively personal 3,774,270 shares of Eaton Vance California Municipal Bond Fund. This transfer highlights their continued confidence within the fund, which invests primarily in municipal bonds providing tax-exempt revenue.

The transactions had been disclosed in a Kind 4 submitting with the Securities and Alternate Fee, underscoring Saba Capital’s and Weinstein’s important possession stake within the fund.

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