Wells Fargo Files Amendment for Nuveen Quality Municipal Income Fund
Ticker: NAD · Form: SC 13D/A · Filed: Dec 11, 2024 · CIK: 1083839
| Field | Detail |
|---|---|
| Company | Nuveen Quality Municipal Income Fund (NAD) |
| Form Type | SC 13D/A |
| Filed Date | Dec 11, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $100,000, $300,000, $25,672.17, $3,411,478.78, $3.25 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, ownership-change, municipal-bonds
TL;DR
Wells Fargo updated its filing for Nuveen Quality Municipal Income Fund. Watch for changes.
AI Summary
On December 11, 2024, Wells Fargo & Company/MN filed an amendment (SC 13D/A) regarding Nuveen Quality Municipal Income Fund. This filing relates to the ownership of securities and is an amendment to a previous filing, indicating a change in holdings or intentions by Wells Fargo.
Why It Matters
This filing indicates a potential shift in significant ownership or strategy concerning Nuveen Quality Municipal Income Fund, which could impact the fund's market performance and investor decisions.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often signal changes in significant beneficial ownership, which can lead to market volatility.
Key Players & Entities
- Nuveen Quality Municipal Income Fund (company) — Subject Company
- Wells Fargo & Company/MN (company) — Filing Party
- WELLS FARGO MUNICIPAL CAPITAL STRATEGIES, LLC (company) — Group Member
FAQ
What is the specific nature of the amendment filed by Wells Fargo & Company/MN?
The filing is an amendment (Amendment No. 2) to a Schedule 13D, indicating a change in information previously reported regarding beneficial ownership of Nuveen Quality Municipal Income Fund.
What is the filing date of this amendment?
The filing date is December 11, 2024.
Who is listed as a group member in this filing?
WELLS FARGO MUNICIPAL CAPITAL STRATEGIES, LLC is listed as a group member.
What is the Central Index Key (CIK) for Nuveen Quality Municipal Income Fund?
The CIK for Nuveen Quality Municipal Income Fund is 0001083839.
What is the SEC file number associated with this filing?
The SEC file number is 005-84609.
Filing Stats: 4,527 words · 18 min read · ~15 pages · Grade level 14.1 · Accepted 2024-12-11 10:47:38
Key Financial Figures
- $100,000 — d typically included fines of less than $100,000 each. STATE OF MISSOURI SETTLEMENT On
- $300,000 — m that his ex-wife misappropriated over $300,000 out of his IRA account during the perio
- $25,672.17 — onsented to a censure and agreed to pay $25,672.17 to the Missouri Secretary of States Inv
- $3,411,478.78 — restitution to certain clients totaling $3,411,478.78. FINRA SETTLEMENT On June 21, 2017, W
- $3.25 million — rm consented to a censure, payment of a $3.25 million fine, and an undertaking to review its
- $3,500,000 — rder, a censure, and a civil penalty of $3,500,000. Wells Fargo Advisors also agreed to vo
- $270,000 — m agreed to a total monetary payment of $270,000. NYSE SETTLEMENT On February 2, 2018,
- $10,000 — y 29, 2016. WFPS consented to a fine of $10,000. STATE OF NEVADA SECURITIES DIVISION
- $8,000 — client meetings. WFCS agreed to pay an $8,000 fine and $1,446.13 for the costs of the
- $1,446.13 — . WFCS agreed to pay an $8,000 fine and $1,446.13 for the costs of the examinations condu
- $5,108,441.27 — consented to a censure and a payment of $5,108,441.27 representing disgorgement, prejudgment
- $450,000 — ng payment of an administrative fine of $450,000. SEC SETTLEMENT On March 11, 2019, th
- $17,363,847.29 — cease-and-desist order and to disgorge $17,363,847.29 in 12b-1 fees through a restitution pro
- $75 million — the firms role as placement agent in a $75 million bond offering by the Rhode Island Econo
- $812,500 — nsented to injunctions and a penalty of $812,500. FINRA SETTLEMENT On January 29, 2020
Filing Documents
- d905710dsc13da.htm (SC 13D/A) — 96KB
- d905710dex991.htm (EX-99.1) — 6KB
- d905710dex992.htm (EX-99.2) — 6KB
- 0001193125-24-275026.txt ( ) — 110KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: December 11, 2024 WELLS FARGO & COMPANY By: /s/ Patricia Arce Name: Patricia Arce Title: Designated Signer WELLS FARGO MUNICIPAL CAPITAL STRATEGIES, LLC By: /s/ Daniel Frizsell Name: Daniel Frizsell Title: Vice President LIST OF EXHIBITS Exhibit Description of Exhibit 99.1 Joint Filing Agreement 99.2 Limited Power of Attorney SCHEDULE I EXECUTIVE OFFICERS AND DIRECTORS OF REPORTING PERSONS The following sets forth the name and present principal occupation of each executive officer and director of Wells Fargo & Company. The business address of each of the executive officers and directors of Wells Fargo & Company is 420 Montgomery Street, San Francisco, CA 94104. Name Position with Wells Fargo & Company Principal Occupation Charles W. Scharf Chief Executive Officer and President; Director Chief Executive Officer of Wells Fargo & Company and Director Muneera S. Carr Executive Vice President, Chief Accounting Officer, and Controller Chief Accounting Officer and Controller of Wells Fargo & Company Kristy W. Fercho Senior Executive Vice President, Head of Diverse Segments, Representation & Inclusion Head of Diverse Segments, Representation & Inclusion of Wells Fargo & Company Derek A. Flowers Senior Executive Vice President and Chief Risk Officer Chief Risk Officer of Wells Fargo & Company Kyle G. Hranicky Senior Executive Vice President, CEO of Commercial Banking CEO of Commercial Banking of Wells Fargo & Company Tracy M. Kerrins Senior Executive Vice President, Head of Technology Head of Technology of Wells Fargo & Company Bei Ling Senior Executive Vice President, Head of Human Resources Head of Human Resources for Wells Fargo & Company Ellen R. Patterson Senior Executive Vice President and Gene