Voya Prime Rate Trust (PPR) 10% owner Saba Capital Management sold 252,997 shares for $1.17M at an average $4.64
Insider transactions reported
Saba Capital Management, L.P. (10% owner at Voya Prime Rate Trust, PPR) reported that they sold 252,997 shares for $1.17M at an average $4.64 between Apr 14, 2021 and Apr 15, 2021. After these transactions the filing shows 26,796,211 shares held indirectly (-).
- Reporting person
- Saba Capital Management, L.P.
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Apr 14, 2021 | Open-market sale (S) | Common Stock | -27,468 | $4.65 | $128K | 27,021,740 indirect |
| Apr 15, 2021 | Open-market sale (S) | Common Stock | -225,529 | $4.64 | $1.05M | 26,796,211 indirect |
Holdings before and after
- Common Stock: 27,049,208 to 26,796,211 indirect, -
Transaction codes in this filing
- Open-market sale:
- Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
FAQ
What did Saba Capital Management report in this PPR Form 4?
Saba Capital Management, L.P. (10% owner at Voya Prime Rate Trust, PPR) reported that they sold 252,997 shares for $1.17M at an average $4.64 between Apr 14, 2021 and Apr 15, 2021. After these transactions the filing shows 26,796,211 shares held indirectly (-).
How many PPR shares does Saba Capital Management hold after this filing?
The filing shows 26,796,211 shares held indirectly (-) after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
Was this PPR insider sale made under a 10b5-1 plan?
The filing's footnotes do not mention a Rule 10b5-1 trading plan.
What does transaction code S mean on an SEC Form 4?
Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
Historical context for PPR
Earlier insider filings at PPR
- Apr 14, 2021SEC Form 4: Saba Capital Management, L.P. sold $508,115 worth of Common Stock (109,272 units at $4.65)
- Apr 13, 2021SEC Form 4: Saba Capital Management, L.P. sold $927,923 worth of Common Stock (198,819 units at $4.67) (Amendment)
- Apr 12, 2021SEC Form 4: L.P. Management, Capital Saba sold $927,923 worth of Common Stock (198,819 units at $4.67)
- Jan 22, 2021SEC Form 4: A Kimberly Anderson disposed to the issuer $948 worth of Voya Prime Rate Trust (195 units at $4.86), decreasing ownership by 24% to 605 units
- Market cap
- 30-day
- Listed since
- n/a
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