In a recent filing with the Securities and Exchange Commission, Saba Capital Management, L.P. disclosed the sale of 28,901 shares of abrdn Global Infrastructure Income Fund (NYSE:ASGI) common stock. The shares were sold at a price of $19.82 each, totaling $572,817. The transaction occurred as ASGI trades near its 52-week high of $20.35, having delivered an impressive 23.1% return year-to-date. Following this transaction, Saba Capital Management holds 2,731,436 shares of abrdn Global Infrastructure. This move was signed off by Zachary Gindes on behalf of Saba Capital Management and Boaz Weinstein, both recognized as ten percent owners of the fund. The fund currently offers a substantial 12.7% dividend yield and has maintained dividend increases for five consecutive years. InvestingPro analysis reveals several additional insights about ASGI’s performance and valuation metrics.
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