Saba Capital Management and Boaz Weinstein, both major shareholders in Nuveen Multi-Asset Income Fund (NYSE:NMAI), announced a stock sale worth about $1.26 million, according to recent Securities and Exchange Commission filings. The fund, which has a market capitalization of $404 million, currently offers an attractive dividend yield of approximately 14% and is trading at a price-to-earnings ratio of 8.03, according to InvestingPro Data. The transactions, which took place on December 27 and 30, included the sale of 104,249 shares at prices ranging from $12.06 to $12.07 per share.
Following these transactions, shareholders own a total of 3,634,562 shares in the Fund. The sales were executed indirectly, reflecting ongoing portfolio adjustments by these prominent investors.
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