Saba Capital Amends Filing for Nuveen CA Muni Fund
Ticker: NAC · Form: SC 13D/A · Filed: Mar 14, 2024 · CIK: 1074952
| Field | Detail |
|---|---|
| Company | Nuveen California Quality Municipal Income Fund (NAC) |
| Form Type | SC 13D/A |
| Filed Date | Mar 14, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $93,727,408 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-filing, municipal-bond-fund, sec-filing
TL;DR
Saba Capital just updated their stake in Nuveen CA Muni Fund. Watch this space.
AI Summary
Saba Capital Management, L.P. has filed an amendment (SC 13D/A) on March 14, 2024, regarding their holdings in Nuveen California Quality Municipal Income Fund. The filing indicates a change in their beneficial ownership, though specific new dollar amounts or percentage changes are not detailed in this excerpt. Saba Capital Management, L.P. is a significant holder, and this amendment suggests a potential shift in their investment strategy or stake.
Why It Matters
This amendment signals potential changes in the holdings of a significant investor in the Nuveen California Quality Municipal Income Fund, which could impact the fund's trading and investor sentiment.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate active engagement or changes in strategy by significant shareholders, which can introduce volatility.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- Nuveen California Quality Municipal Income Fund (company) — Subject company
- Boaz R. Weinstein (person) — Group member of filing entity
FAQ
What is the specific change in beneficial ownership reported in this SC 13D/A filing?
This excerpt does not specify the exact change in beneficial ownership, only that an amendment has been filed on March 14, 2024.
Who is filing this amendment?
Saba Capital Management, L.P. is filing this amendment.
What is the subject company of this filing?
The subject company is Nuveen California Quality Municipal Income Fund.
When was this amendment filed?
This amendment was filed on March 14, 2024.
What is the business address of Saba Capital Management, L.P.?
The business address of Saba Capital Management, L.P. is 405 Lexington Avenue, 58th Floor, New York, NY 10174.
Filing Stats: 1,285 words · 5 min read · ~4 pages · Grade level 13 · Accepted 2024-03-14 07:49:40
Key Financial Figures
- $0.01 — Fund (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securiti
- $93,727,408 — ported herein. A total of approximately $93,727,408 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 55KB
- 0001062993-24-006368.txt ( ) — 57KB
SIGNATURES
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: March 14, 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. 67066Y105 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 during the past sixty days. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 3/11/2024 Buy 58,311 11.15 3/12/2024 Buy 272,860 11.14