13G Filing: Saba Capital and Wells Fargo Multi-Sector Income Fund (ERC)

Page 2 of 6 – SEC Filing

SCHEDULE 13G/A

CUSIP
No.

94987D101
1 Names of
Reporting Persons

Saba Capital Management, L.P.
2 Check the appropriate box if a member of a Group (see
instructions)

(a)      [  ]

(b)      [  ]

3 Sec Use Only
4 Citizenship or Place of
Organization

Delaware
Number of

Shares
Beneficially
Owned by Each

Reporting Person
With:
5 Sole Voting Power
-0-
6

Shared Voting Power

6,124,755
7 Sole Dispositive Power
-0-
8 Shared Dispositive Power

6,124,755
9 Aggregate Amount
Beneficially Owned by Each Reporting Person

6,124,755
10 Check box if the
aggregate amount in row (9) excludes certain shares (See Instructions)


[ ]
11 Percent of class
represented by amount in row (9)

14.88%
12 Type of Reporting Person
(See Instructions)

PN; IA

The percentages used herein are calculated based upon
41,163,066 shares of common stock outstanding as of 10/31/2016, as disclosed in
the company’s Certified Shareholder Report Form N-CSR filed 1/3/2017

Page 2 of 6

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