Saba Capital filed Amendment No. 10 to its Schedule 13D, reporting continued open-market accumulation of JOF common shares. From September 22 to October 14, 2026, Saba purchased an additional 201,612 shares at prices ranging from $12.33 to $12.68, bringing its total beneficial ownership to 2,696,154 shares (10.57% of the 25,500,504 shares outstanding as of 9/28/26. The total cost to acquire the reported stake is approximately $24,212,826. The filing is part of a multi-month accumulation campaign, with prior 13D/A amendments and a recent DEF 14A proxy filed two days prior, suggesting the upcoming shareholder vote is a near-term catalyst.
Price Chart
Executive Summary
Saba Capital filed Amendment No. 10 to its Schedule 13D, reporting continued open-market accumulation of JOF common shares. From September 22 to October 14, 2026, Saba purchased an additional 201,612 shares at prices ranging from $12.33 to $12.68, bringing its total beneficial ownership to 2,696,154 shares (10.57% of the 25,500,504 shares outstanding as of 9/28/26. The total cost to acquire the reported stake is approximately $24,212,826. The filing is part of a multi-month accumulation campaign, with prior 13D/A amendments and a recent DEF 14A proxy filed two days prior, suggesting the upcoming shareholder vote is a near-term catalyst.
Key Financial Metrics
Key Facts
- Saba Capital now holds 2,696,154 common shares (10.57% of 25,500,504 outstanding as of 9/28/26).
- Total cost to acquire the reported shares: approximately $24,212,826.
- All trades were open-market purchases from 9/22/26 through 10/14/26.
- Filing is Amendment No. 10; prior 13D/A filed 9/23/26 and 4/30/26 show consistent buying.
- DEF 14A filed 10/13/26 provides the share count used for percentage calculation.
Financial Impact
Saba Capital has deployed approximately $24.2M to build a 10.57% stake in JOF, with additional accumulation in the most recent period.
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0001062993-26-005367 |
| Document: 0001062993-26-005367-index-headers.html | 0001062993-26-005367 |
| Document: 0001062993-26-005367-index.html | 0001062993-26-005367 |
| Document: 0001062993-26-005367.txt | 0001062993-26-005367 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | SC 13G/A | $11.58 | awaiting T+60 | — | $11.46 (−1.04%) |
Oct 15, 2026 10d ago | SC 13D/A | $11.89 | awaiting T+60 | — | $11.46 (−3.62%) |
Oct 13, 2026 13d ago | DEF 14A | $12.45 | awaiting T+60 | — | $11.46 (−7.95%) |
Oct 7, 2026 19d ago | SC 13G/A | $12.57 | awaiting T+60 | — | $11.46 (−8.83%) |
Sep 23, 2026 4w ago | SC 13D/A | $12.36 | awaiting T+60 | — | $11.46 (−7.28%) |
Jul 10, 2026 15w ago | Press Release | $11.65 $12.64 | ▲ +8.50% | ▲ +4.50% | $11.46 (−1.63%) |
Jul 2, 2026 16w ago | Press Release | $11.68 $12.41 | ▲ +6.25% | ▲ +3.24% | $11.46 (−1.88%) |
May 22, 2026 22w ago | Press Release | $11.75 $12.38 | ▲ +5.36% | ▲ +2.64% | $11.46 (−2.47%) |
Apr 17, 2026 27w ago | Press Release | $11.16 $11.56 | ▲ +3.58% | ▼ −3.19% | $11.46 (+2.69%) |
Mar 10, 2026 32w ago | Press Release | $10.96 $11.66 | ▲ +6.39% | ▼ −5.13% | $11.46 (+4.57%) |
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