Saba Capital Management Acquires 13.94% Stake in M3-Brigade Acquisition V Corp.

On May 15, 2026, Saba Capital Management, L.P., along with Saba Capital Management GP, LLC and Boaz R. Weinstein, filed a Schedule 13G disclosing a significant new ownership stake in M3-Brigade Acquisition V Corp. (MBAV). The reporting persons collectively beneficially own 4,401,171 common shares, representing a 13.94% ownership interest in the company. This calculation is based on 28,750,000 shares outstanding as of March 12, 2026, plus 2,816,171 shares issuable upon the exercise of certain warrants held by the reporting persons. The filing indicates that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer. Saba Capital Management, L.P. serves as the investment manager to various funds and accounts that have the right to receive dividends and proceeds from the sale of these securities. The reporting persons have entered into a joint filing agreement to manage their reporting obligations collectively.