BofA Files 13D/A Amendment on Nuveen Municipal Income Fund

TL;DR

BofA filed a 13D/A amendment on Nuveen Quality Municipal Income Fund. Ownership details updated.

AI Summary

Bank of America Corp. (DE) filed an amendment (No. 11) to its Schedule 13D on July 19, 2024, regarding its holdings in Nuveen Quality Municipal Income Fund. The filing indicates a change in the reporting person's beneficial ownership, though specific new ownership percentages or dollar amounts are not detailed in this excerpt.

Why It Matters

This filing updates the market on Bank of America's stake in Nuveen Quality Municipal Income Fund, which could signal changes in investment strategy or market sentiment towards the fund.

Risk Assessment

Risk Level: medium — Schedule 13D filings often involve significant stakes and potential activist intentions, which can introduce volatility.

Key Players & Entities

• Bank of America Corp /DE/ (company) — Reporting Person
• Nuveen Quality Municipal Income Fund (company) — Subject Company
• 20240719 (date) — Filing Date

FAQ

Filing Documents

• ef20032745_sc13da.htm (SC 13D/A) — 110KB
• ef20032745_ex99-1.htm (EX-99.1) — 5KB
• ef20032745_ex99-2.htm (EX-99.2) — 11KB
• 0001140361-24-033649.txt ( ) — 128KB

From the Filing

SC 13D/A 1 ef20032745_sc13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 11)* NUVEEN QUALITY MUNICIPAL INCOME FUND (Name of issuer) PREFERRED SHARES (Title of Class of Securities) 67066V796 67066V788 67066V770 67066V762 (CUSIP Number) Bank of America Corporation Bank of America Corporate Center 100 N. Tryon Street Charlotte, North Carolina 28255 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 17, 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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-l(e), 13d-l(f) or 13d-l(g), check the following box . *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 in 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). SCHEDULE 13D CUSIP No. 67066V796, 67066V788, 67066V770, 67066V762 1 NAMES OF REPORTING PERSONS Bank of America Corporation 56-0906609 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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 7,995 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 7,995 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,995 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 47.4% 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC SCHEDULE 13D CUSIP No. 67066V796, 67066V788, 67066V770, 67066V762 1 NAMES OF REPORTING PERSONS Banc of America Preferred Funding Corporation 75-2939570 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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 7,995 9 SOLE DISPOSITIVE POWER 0 10 SHARED DISPOSITIVE POWER 7,995 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,995 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 47.4% 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) co Item 1 Security and Issuer This Amendment No. 11 (this " Amendment ") amends, as set forth below, the statement on Schedule 13D, dated December 10, 2013 and filed with the SEC on December 12, 2013 (as amended to the date hereof, the " Original Schedule 13D "), for Bank of America Corporation (" BAC ") and Banc of America Preferred Funding Corporation (" BAPFC ") (collectively, the " Reporting Persons ") with respect to the adjustable rate munifund term preferred shares (" AMTP Shares ") and the munifund preferred shares (" MFP Shares ") of Nuveen Quality Municipal Income Fund (the " Issuer ") formerly known as Nuveen Dividend Advantage Municipal Fund. This Amendment is being filed solely to report a change of the percent of class beneficially owned by the Reporting Persons due to the outstanding shares of the preferred class of the Issuer decreasing to 16,876 shares as reported by the Issuer to the Reporting Persons on July 17, 2024. The Reporting Persons are currently analyzing their additional trading activity in securities of the Issuer and expect to file another Schedule 13D amendment as promptly as reasonably practicable once that analysis is complete. Item 2 Identity and Background Item 2 of the Original Schedule 13D, as amended, is hereby amended by deleting Schedule I and Schedule II referenced therein and replacing them with Schedule I and Schedule II included with this Amendment. Item 5 Interest in Securities of the Issuer Paragraphs (a)-(c) of item 5 of the Original Schedule 13D, as amended, is hereby amended and restated to read as follows: (a) The responses of the Reporting Persons to rows (7) through (11) of the cover pages of this Amendment 10 are incorporated herein by r

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