Saba Capital Management buys $369,200 in BNY Mellon Strategic Municipals stock

Saba Capital Management, L.P., a significant shareholder and director of BNY Mellon Strategic Municipals, Inc. (NYSE:LEO), purchased common stock valued at $369,200 on October 23, 2026.

The investment firm acquired 65,000 shares of the company’s common stock at a price of $5.68 per share.

Following this transaction, Saba Capital Management, L.P. indirectly beneficially owns 6,547,189 shares of BNY Mellon Strategic Municipals, Inc. common stock. The municipal bond fund, with a market capitalization of $363 million, currently trades at $5.84 per share and offers an attractive dividend yield of 6.33%. According to InvestingPro data, LEO has maintained dividend payments for 40 consecutive years, demonstrating remarkable consistency for income-focused investors. InvestingPro subscribers have access to over 5 additional exclusive tips about LEO’s financial health and performance. These securities are held by funds and/or accounts for which Saba Capital Management, L.P. serves as investment manager. Boaz R. Weinstein is identified as the managing member of Saba Capital Management GP, LLC, the general partner of Saba Capital Management, L.P.