Saba Capital trims stake in PIMCO Dynamic Income Strategy Fund (PDX)

Rhea-AI Filing Summary

Saba Capital Management, L.P., a more than ten percent owner of PIMCO Dynamic Income Strategy Fund, reported an open-market sale of 2,200 shares of common stock at $20.69 per share.

After this sale on March 5, 2026, Saba Capital Management, L.P. reported owning 6,416,087 common shares indirectly.

Insider Trade Summary

Net Seller: 2,200 shares ($45,518)

Net Sell 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 2,200 shs ($46K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,200	$20.69	$46K

Holdings After Transaction: Common Stock — 6,416,087 shares (Indirect, -)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Saba Capital Management, L.P.

(Last) (First) (Middle)

405 LEXINGTON AVENUE

58TH FLOOR

(Street)

NEW YORK NY 10174

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PIMCO Dynamic Income Strategy Fund [ PDX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/05/2026		S		2,200	D	$20.69	6,416,087	I	-

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	Saba Capital Management, L.P. By: Zachary Gindes	03/09/2026
	Boaz Weinstein	03/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Saba Capital report for PIMCO Dynamic Income Strategy Fund (PDX)?

Saba Capital Management, L.P. reported selling 2,200 shares of PIMCO Dynamic Income Strategy Fund common stock. The transaction was an open-market sale, coded as “S,” and reflects trading activity by a more than ten percent owner in the fund’s shares.

At what price were the PIMCO Dynamic Income Strategy Fund (PDX) shares sold?

The reported 2,200 PIMCO Dynamic Income Strategy Fund common shares were sold at a price of $20.69 per share. This price represents the transaction value for the open-market sale disclosed in the Form 4 filed by Saba Capital Management, L.P.

How many PIMCO Dynamic Income Strategy Fund (PDX) shares does Saba Capital hold after this sale?

Following the sale, Saba Capital Management, L.P. reported indirect ownership of 6,416,087 PIMCO Dynamic Income Strategy Fund common shares. This post-transaction figure shows Saba Capital remains a large holder, even after the relatively small 2,200-share open-market sale.

What does the Form 4 sale by Saba Capital indicate for PIMCO Dynamic Income Strategy Fund (PDX)?

The Form 4 shows Saba Capital Management, L.P. executed an open-market sale of 2,200 PDX common shares. It documents a modest reduction in their position while confirming continued substantial indirect ownership of over six million shares in the closed-end fund.

Who is the reporting person in this PIMCO Dynamic Income Strategy Fund (PDX) Form 4 filing?

The reporting person is Saba Capital Management, L.P., identified as a more than ten percent owner of PIMCO Dynamic Income Strategy Fund. The firm reported the indirect sale of 2,200 common shares and the resulting post-transaction indirect holding of 6,416,087 shares.