Wells Fargo Files 13D on Nuveen Municipal Fund

TL;DR

Wells Fargo just filed a 13D on Nuveen Quality Municipal Income Fund. Watch this space.

AI Summary

On May 7, 2024, Wells Fargo & Company/MN, through its subsidiary Wells Fargo Municipal Capital Strategies, LLC, filed a Schedule 13D concerning Nuveen Quality Municipal Income Fund. This filing indicates a change in beneficial ownership, though specific details on the percentage or dollar amount of shares acquired or disposed of are not immediately clear from this excerpt.

Why It Matters

This filing signals a potential shift in control or significant investment in Nuveen Quality Municipal Income Fund by Wells Fargo, which could impact the fund's strategy and investor relations.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or changes in control, introducing uncertainty for investors.

Key Players & Entities

• Wells Fargo & Company/MN (company) — Filer of the Schedule 13D
• Wells Fargo Municipal Capital Strategies, LLC (company) — Subsidiary of Wells Fargo & Company/MN, involved in the filing
• Nuveen Quality Municipal Income Fund (company) — Subject company of the Schedule 13D filing
• John Nuveen & Co (company) — Address provider for Nuveen Quality Municipal Income Fund

FAQ

Key Financial Figures

• $433,800,000 — sons for the Transfer was approximately $433,800,000. The source of funds was the working ca
• $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

Filing Documents

• d825205dsc13d.htm (SC 13D) — 101KB
• d825205dex991.htm (EX-99.1) — 6KB
• d825205dex992.htm (EX-99.2) — 6KB
• d825205dex993.htm (EX-99.3) — 335KB
• d825205dex994.htm (EX-99.4) — 63KB
• d825205dex995.htm (EX-99.5) — 52KB
• d825205dex996.htm (EX-99.6) — 72KB
• 0001193125-24-133461.txt ( ) — 637KB

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: May 7, 2024 WELLS FARGO & COMPANY By: /s/ Patricia Arce Name: Patricia Arce Title: Designated Signer WELLS FARGO MUNICIPAL CAPITAL STRATEGIES, LLC By: /s/ Alejandro Piekarewicz Name: Alejandro Piekarewicz Title: Vice President LIST OF EXHIBITS Exhibit Description of Exhibit 99.1 Joint Filing Agreement 99.2 Limited Power of Attorney 99.3 Purchase and Exchange Agreement, dated January 29, 2018 99.4 Voting Trust Agreement, dated September 12, 2016 99.5 Amendment No. 2 to Purchase and Exchange Agreement, dated January 29, 2018, 99.6 Rate Adjustment Agreement, dated October 1, 2018 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 Executiv

View Full Filing

View this SC 13D filing on SEC EDGAR