ENX Form 4: 3,898,946 shares disposed at $10.03 per share
Saba Capital Management, L.P., a 10% owner of Eaton Vance New York Municipal Bond Fund (ENX), reported a Form 4 transaction.
Rhea-AI Filing Summary
Saba Capital Management, L.P., a 10% owner of Eaton Vance New York Municipal Bond Fund (ENX), reported a Form 4 transaction. On 10/27/2025, 3,898,946 common shares were disposed at $10.03 per share under transaction code J, with the filing’s note stating: “Shares liquidated by the Issuer.” Following the transaction, the reporting person beneficially owned 0 shares, listed as indirect (I) ownership.
Positive
- None.
Negative
- None.
Insights
Large ENX position removed via issuer liquidation; neutral effect.
The filing shows a code J transaction where 3,898,946 ENX shares were disposed at $10.03 per share, with the explanation “shares liquidated by the Issuer.” Code J typically denotes “other” events, distinguishing this from an open‑market sale by the holder.
Post‑event, the reporting person lists 0 shares beneficially owned, marked as indirect. The mechanism points to issuer-driven action rather than discretionary selling. Any trading impact depends on issuer actions and market liquidity; the filing provides the executed price and date 10/27/2025 but no further mechanics.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 3,898,946 | $10.03 | $39.11M |
Footnotes (1)
- F1. Shares liquidated by the Issuer.
FAQ
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What did ENX’s Form 4 disclose?
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What does transaction code J mean in this context?
Was the ENX position held directly or indirectly?
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AI-generated analysis. How Rhea-AI works. Not financial advice.