Saba Capital Discloses 5.18% Stake in Invesco Senior Income Trust
The filing says Saba may seek to push the closed-end trust toward share buy-backs, tenders, and liquidations, or a change in its governance or investment manager.
Saba Capital Management, L.P. reported beneficial ownership of 7,976,862 common shares of Invesco Senior Income Trust, or 5.18% of the class, according to a Schedule 13D filed Nov. 4 with the US Securities and Exchange Commission.
The filing gives Nov. 2 as the date of the event that required it. It is made jointly with Saba Capital Management GP, LLC and Boaz R. Weinstein, whom the filing describes as managing member of the general partner of Saba Capital. The percentage is calculated on 153,925,029 shares outstanding, the filing says.
In Item 4, which sets out the purpose of the transaction, the filing says Saba may discuss with management and the Board of Trustees matters including the shares trading at a discount to net asset value, the open or closed end nature of the trust and the timing of any potential liquidation. It says Saba may also solicit proxies, make shareholder proposals or nominate individuals for election to the board.
"Furthermore, the Reporting Person may seek to influence the Issuer to engage in share buy-backs, tenders, and liquidations and/or to change its governance, investment strategy and/or investment manager (which may be the Reporting Person)," the filing says.
Saba Capital Management, L.P., one of the firm's SEC-registered advisers, reported $18.3 billion in regulatory assets under management and 12 private funds in the SEC's adviser data for September 2026.