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Saba Capital Management, L.P. notified abrdn Diversified Income and Growth plc of an acquisition or disposal of financial instruments that resulted in the crossing of a major holding threshold on June 20, 2025. This notification, completed on June 23, 2025, confirmed Saba Capital Management, L.P.'s total position as 15,289,961 voting rights, representing 5.075237% of the company's total voting rights.
| Date | 24 Jun 2025 |
| Time | 08:48:18 |
| Category | Holding(s) in company |
| ID | 1508O |
abrdn Diversified Income and Growth plc (the "Company")
Legal Entity Identifier (LEI): 2138003QINEGCHYGW702
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB0001297562
Issuer Name
ABRDN DIVERSIFIED INCOME AND GROWTH PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of financial instruments
3. Details of person subject to the notification obligation
Name
Saba Capital Management, L.P.
City of registered office (if applicable)
New York
Country of registered office (if applicable)
United States
4. Details of the shareholder
|
Name |
City of registered office |
Country of registered office |
|
Saba Capital Arcadia Master Fund, Ltd. |
|
Cayman Islands |
|
Saba Capital Bluebird Fund, Ltd. |
|
Cayman Islands |
|
Saba Capital Income & Opportunities Fund |
|
United States |
|
Saba Capital CEF Opportunities 1, Ltd. |
|
Cayman Islands |
|
Saba Capital CEF Opportunities 2, Ltd. |
|
Cayman Islands |
|
Saba Capital CEF Special Opportunities Master Fund 2, Ltd. |
|
Cayman Islands |
|
Saba Capital Income & Opportunities Fund II |
|
United States |
|
Saba K Fund, LP |
|
United States |
|
Stone Ridge Archimedes Sub-Master (Red) LP |
|
United States |
|
I-94 Partners Fund LP |
|
United States |
|
Saba Capital Master Fund, Ltd. |
|
Cayman Islands |
5. Date on which the threshold was crossed or reached
20-Jun-2025
6. Date on which Issuer notified
23-Jun-2025
7. Total positions of person(s) subject to the notification obligation
|
. |
% of voting rights attached to shares (total of 8.A) |
% of voting rights through financial instruments (total of 8.B 1 + 8.B 2) |
Total of both in % (8.A + 8.B) |
Total number of voting rights held in issuer |
|
Resulting situation on the date on which threshold was crossed or reached |
0.187689 |
4.887548 |
5.075237 |
15289961 |
|
Position of previous notification (if applicable) |
|
|
|
|
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
|
Class/Type of shares ISIN code(if possible) |
Number of direct voting rights (DTR5.1) |
Number of indirect voting rights (DTR5.2.1) |
% of direct voting rights (DTR5.1) |
% of indirect voting rights (DTR5.2.1) |
|
GB0001297562 |
565442 |
0 |
0.187689 |
0.000000 |
|
Sub Total 8.A |
565442 |
0.187689% |
||
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
|
Type of financial instrument |
Expiration date |
Exercise/conversion period |
Number of voting rights that may be acquired if the instrument is exercised/converted |
% of voting rights |
|
|
|
|
|
|
|
Sub Total 8.B1 |
|
|
|
|
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
|
Type of financial instrument |
Expiration date |
Exercise/conversion period |
Physical or cash settlement |
Number of voting rights |
% of voting rights |
|
Total Return Swap |
11/28/2025 |
|
Cash |
14724519 |
4.887548 |
|
Sub Total 8.B2 |
|
14724519 |
4.887548% |
||
9. Information in relation to the person subject to the notification obligation
2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)
|
Ultimate controlling person |
Name of controlled undertaking |
% of voting rights if it equals or is higher than the notifiable threshold |
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold |
Total of both if it equals or is higher than the notifiable threshold |
|
Boaz Weinstein |
Saba Capital Management GP, LLC |
|
|
|
|
Saba Capital Management GP, LLC |
Saba Capital Management, L.P. |
|
|
5.075237% |
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
12. Date of Completion
23-Jun-2025
13. Place Of Completion
New York