Saba Capital adds 7,260 shares of IIF at $25.57; holdings now 1,016,952 shares (+0.7%)
Saba Capital Management, a 10% owner, purchased 7,260 shares at $25.57 on 2025-05-08, increasing total holdings from 1,009,692 to 1,016,952 shares. The purchase occurred near the lower end of the 52-week range ($22.65–$30.29), with the current price at $26.42 representing a modest 3.3% premium to the transaction price. The trade reflects a continuation of the insider's pattern of more buys than sells across its open-market history, with 13 prior buys versus 7 prior sells. However, the incremental holding increase of 0.7% is relatively modest, suggesting this is a small-scale addition rather than a significant concentration move by an already-substantial shareholder.