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Saba Capital builds 9.16% position in Morgan Stanley India Fund (IIF)

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Saba Capital Management and affiliates have filed Amendment No. 6 to a Schedule 13D reporting a significant stake in Morgan Stanley India Investment Fund, Inc. The reporting group, including Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein, reports beneficial ownership of 873,236 common shares, equal to 9.16% of the fund’s outstanding common stock based on 9,534,799 shares outstanding as of 6/30/25.

The filing states that approximately $23,093,675 was paid to acquire these shares, using investor subscription proceeds, capital appreciation, and ordinary-course margin borrowings. All recent trades within 60 days before 2/25/26 were executed in the open market and are detailed in Schedule A. The purpose of the transaction is described as not applicable, and the funds advised by Saba Capital are entitled to dividends and sale proceeds from the shares.

Positive

  • None.

Negative

  • None.

Insights

Saba Capital discloses a 9.16% position in Morgan Stanley India Investment Fund via Schedule 13D/A.

The filing shows Saba Capital, its general partner, and Boaz R. Weinstein jointly reporting 873,236 common shares of Morgan Stanley India Investment Fund, or 9.16% of shares outstanding as of 6/30/25. Total acquisition cost is about $23,093,675, funded by investor capital and ordinary-course margin borrowing.

A Schedule 13D typically signals an investor is taking an active interest, though the stated purpose here is “Not Applicable.” Actual impact depends on any future proposals or engagements that may be detailed in later disclosures, including how Saba exercises its shared voting and dispositive power over these shares.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D




Comment for Type of Reporting Person:
The percentages used herein are calculated based upon 9,534,799 shares of common stock outstanding as of 6/30/25, as disclosed in the company's N-CSRS filed 8/26/25.


SCHEDULE 13D




Comment for Type of Reporting Person:
The percentages used herein are calculated based upon 9,534,799 shares of common stock outstanding as of 6/30/25, as disclosed in the company's N-CSRS filed 8/26/25.


SCHEDULE 13D




Comment for Type of Reporting Person:
The percentages used herein are calculated based upon 9,534,799 shares of common stock outstanding as of 6/30/25, as disclosed in the company's N-CSRS filed 8/26/25.


SCHEDULE 13D


Saba Capital Management, L.P.
Signature:/s/ Michael D'Angelo
Name/Title:General Counsel
Date:02/26/2026
Boaz R. Weinstein
Signature:/s/ Michael D'Angelo
Name/Title:Authorized Signatory
Date:02/26/2026
Saba Capital Management GP, LLC
Signature:/s/ Michael D'Angelo
Name/Title:Attorney-in-fact*
Date:02/26/2026
Comments accompanying signature:
Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823

FAQ

What stake does Saba Capital report in Morgan Stanley India Investment Fund (IIF)?

Saba Capital and related reporting persons disclose beneficial ownership of 873,236 common shares of Morgan Stanley India Investment Fund, Inc., representing 9.16% of the fund’s outstanding common stock, based on 9,534,799 shares reported outstanding as of June 30, 2025 in the issuer’s N-CSRS.

How much did Saba Capital pay for its IIF share position?

The filing states that approximately $23,093,675 was paid to acquire the Morgan Stanley India Investment Fund common shares reported. These funds came from investor subscription proceeds, capital appreciation on those investments, and ordinary-course margin borrowings secured by securities in Saba-managed margin accounts.

How is the 9.16% ownership in IIF calculated for Saba Capital?

The 9.16% ownership percentage is calculated using 9,534,799 shares of common stock outstanding as of June 30, 2025. That share count is taken from Morgan Stanley India Investment Fund’s N-CSRS filed August 26, 2025, and is used as the denominator against Saba’s 873,236 shares.

What voting and dispositive powers does Saba Capital report over IIF shares?

For each reporting person, the filing shows zero sole voting and dispositive power, and 873,236 shares of shared voting and shared dispositive power. This means decisions on voting and selling these Morgan Stanley India Investment Fund shares are exercised jointly under the reporting group’s structure.

How were Saba Capital’s recent IIF share trades executed?

The document explains that all transactions in Morgan Stanley India Investment Fund common shares within the 60 days before February 25, 2026 were executed in the open market. Specific trade details, such as dates and sizes, are listed in Schedule A, which is incorporated by reference as Exhibit 5.

Who are the reporting persons on the IIF Schedule 13D/A filing?

The joint filers are Saba Capital Management, L.P., Saba Capital Management GP, LLC, and individual investor Boaz R. Weinstein. Saba Capital serves as investment manager to funds and accounts, Saba GP is its general partner, and Mr. Weinstein is managing member of the general partner of Saba Capital and related entities.
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