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    Amendment: SEC Form SC 13D/A filed by Invesco Trust for Investment Grade New York Municipals

    12/12/24 4:26:19 PM ET
    $VTN
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    SC 13D/A 1 formsc13da.htm 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


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