Saba capital management acquires $20.2 million in PIMCO dynamic income strategy fund shares By Investing.com
Saba Capital Management, L.P., a significant stakeholder in PIMCO Dynamic Income Strategy Fund (NYSE:PDX), has recently acquired approximately $20.2 million worth of the fund’s common stock. This transaction involved the purchase of 731,721 shares at a price of $27.6 per share, as disclosed in a recent SEC filing. The fund, currently valued at $1.35 billion, has shown remarkable performance with a 17.36% return over the past week and offers a 5.29% dividend yield, according to InvestingPro data.
The acquisition increases Saba Capital Management’s holdings to 7,541,934 shares of PIMCO Dynamic Income Strategy Fund. The transaction was executed on January 13, 2025, and was signed off by Zachary Gindes on behalf of Saba Capital Management,…