Saba Capital Management and Boaz Weinstein, both significant shareholders of Nuveen Multi-Asset Income Fund (NYSE:NMAI), reported the sale of approximately $1.26 million worth of stock, according to a recent SEC filing. The fund, with a market cap of $404 million, currently offers an attractive dividend yield of ~14% and trades at a P/E ratio of 8.03, according to InvestingPro data. The transactions, which occurred on December 27 and 30, involved the sale of 104,249 shares at prices ranging from $12.06 to $12.07 per share.
After these transactions, shareholders own a total of 3,634,562 shares in the fund. The sale was made indirectly, reflecting ongoing portfolio adjustments by these prominent investors.
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