Saba Capital Management LP

12/12/2024 | Press release | Distributed by Public on 12/12/2024 15:27

Amendment to Beneficial Ownership Report (Form SC 13D/A)

Saba Capital Management, L.P.: Form SC 13D/A - Filed by newsfilecorp.com

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 10)*

Invesco Trust for Investment Grade New York Municipals

(Name of Issuer)

Common Shares, no par value

(Title of Class of Securities)

46131T101

(CUSIP Number)

Saba Capital Management, L.P.

405 Lexington Avenue

58th Floor

New York, NY 10174

Attention: Michael D'Angelo

(212) 542-4635
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

December 10, 2024

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. [X]

(Page 1 of 7 Pages)

______________________________

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 46131T101 SCHEDULE 13D/A Page 2 of 7 Pages

1

NAME OF REPORTING PERSON

Saba Capital Management, L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐

(b) ☐

3

SEC USE ONLY

4

SOURCE OF FUNDS

OO (see Item 3)

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:

7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

282,983

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

282,983

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

282,983

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

1.94%

14

TYPE OF REPORTING PERSON

PN; IA

The percentages used herein are calculated based upon 14,608,315 shares of common stock outstanding as of 12/10/24, as disclosed in the company's SC TO-I/A filed 12/11/24

CUSIP No. 46131T101 SCHEDULE 13D/A Page 3 of 7 Pages

1

NAME OF REPORTING PERSON

Boaz R. Weinstein

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐

(b) ☐

3

SEC USE ONLY

4

SOURCE OF FUNDS

OO (see Item 3)

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

6

CITIZENSHIP OR PLACE OF ORGANIZATION

United States

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:

7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

282,983

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

282,983

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

282,983

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

1.94%

14

TYPE OF REPORTING PERSON

IN

The percentages used herein are calculated based upon 14,608,315 shares of common stock outstanding as of 12/10/24, as disclosed in the company's SC TO-I/A filed 12/11/24

CUSIP No. 46131T101 SCHEDULE 13D/A Page 4 of 7 Pages

1

NAME OF REPORTING PERSON

Saba Capital Management GP, LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐

(b) ☐

3

SEC USE ONLY

4

SOURCE OF FUNDS

OO (see Item 3)

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH:

7

SOLE VOTING POWER

-0-

8

SHARED VOTING POWER

282,983

9

SOLE DISPOSITIVE POWER

-0-

10

SHARED DISPOSITIVE POWER

282,983

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON

282,983

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

1.94%

14

TYPE OF REPORTING PERSON

OO

The percentages used herein are calculated based upon 14,608,315 shares of common stock outstanding as of 12/10/24, as disclosed in the company's SC TO-I/A filed 12/11/24

CUSIP No. 46131T101 SCHEDULE 13D/A Page 5 of 7 Pages

Item 1.

SECURITY AND ISSUER

This Amendment No. 10 amends and supplements the statement on Schedule 13D filed with the SEC on 10/18/23, as amended by Amendment No. 1 filed 11/21/23, Amendment No. 2 filed 12/11/23, Amendment No. 3 filed 3/6/24, Amendment No. 4 filed 5/6/24, Amendment No. 5 filed 6/14/24, Amendment No. 6 filed 10/7/24, Amendment No. 7 filed 11/5/24, Amendment No. 8 filed 11/13/24, and Amendment No. 9 filed 11/25/24; with respect to the common shares of Invesco Trust for Investment Grade New York Municipals. This Amendment No. 10 amends Items 3 and 5 below.

Item 3.

SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

Funds for the purchase of the Common Shares were derived from the subscription proceeds from investors and the capital appreciation thereon and margin account borrowings made in the ordinary course of business. In such instances, the positions held in the margin accounts are pledged as collateral security for the repayment of debit balances in the account, which may exist from time to time. Since other securities are held in the margin accounts, it is not possible to determine the amounts, if any, of margin used to purchase the Common Shares reported herein. A total of approximately $2,680,892 was paid to acquire the Common Shares reported herein.

Item 5.

INTEREST IN SECURITIES OF THE ISSUER

(a)

See rows (11) and (13) of the cover pages to this Schedule 13D/A for the aggregate number of Common Shares and percentages of the Common Shares beneficially owned by each of the Reporting Persons. The percentages used herein are calculated based upon 14,608,315 shares of common stock outstanding as of 12/10/24, as disclosed in the company's SC TO-I/A filed 12/11/24

(b)

See rows (7) through (10) of the cover pages to this Schedule 13D/A for the number of Common Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.

(c)

The transactions in the Common Shares effected from the filing of the Schedule 13D/A on 11/25/24 by the Reporting Persons to 12/10/24, the date of the event which required filing of this Schedule 13D/A, which were all in the open market, are set forth in Schedule A, and are incorporated herein by reference.

(d)

The funds and accounts advised by Saba Capital have the right to receive the dividends from and proceeds of sales from the Common Shares.

(e)

Not applicable.


CUSIP No. 46131T101 SCHEDULE 13D/A Page 6 of 7 Pages

SIGNATURES

After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Date: December 12, 2024

SABA CAPITAL MANAGEMENT, L.P.

By: /s/ Michael D'Angelo

Name: Michael D'Angelo

Title: Chief Compliance Officer

SABA CAPITAL MANAGEMENT GP, LLC

By: /s/ Michael D'Angelo

Name: Michael D'Angelo

Title: Authorized Signatory

BOAZ R. WEINSTEIN

By: /s/ Michael D'Angelo

Name: Michael D'Angelo

Title: Attorney-in-fact*

* Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823


CUSIP No. 46131T101 SCHEDULE 13D/A Page 7 of 7 Pages

Schedule A

This Schedule sets forth information with respect to each purchase and sale of Common Shares which were effectuated by Saba Capital from the filing of the Schedule 13D/A on 11/25/24 to 12/10/24, the date of the event which required filing of this Schedule 13D/A. All transactions were effectuated in the open market through a broker.

Trade Date Buy/Sell Shares Price
11/22/2024 Sell 22,206 11.34
11/25/2024 Sell 8,487 11.41
11/26/2024 Sell 30,872 11.44
11/27/2024 Sell 20,680 11.46
12/2/2024 Sell 15,869 11.52
12/3/2024 Sell 25,900 11.55
12/4/2024 Sell 45,997 11.54
12/5/2024 Sell 8,929 11.54
12/10/2024 Sell 802,398 11.87