Saba Capital Management buys $262,611 of BNY Mellon Strategic Municipals

Saba Capital Management, L.P., a significant shareholder and director of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO), acquired 45,831 shares of the company’s common stock on October 21, 2026. The transaction totaled $262,611, with shares purchased at a price of $5.73 each.

Following this acquisition, Saba Capital Management, L.P. indirectly holds 6,482,189 shares of BNY Mellon Strategic Municipals, Inc. The securities are held by various funds and accounts for which Saba Capital Management, L.P. acts as the investment manager. Boaz R. Weinstein serves as the managing member of Saba Capital Management GP, LLC, which is the general partner of Saba Capital Management, L.P.

The municipal bond fund, with a market capitalization of $356 million, offers investors a dividend yield of 6.34%. According to InvestingPro Tips, LEO has maintained dividend payments for 40 consecutive years and pays a significant dividend to shareholders. The stock trades with a beta of 0.61, reflecting lower volatility than the broader market.