Saba Capital Amends Filing for Nuveen Arizona Municipal Fund
Ticker: NAZ · Form: SC 13D/A · Filed: Oct 2, 2024 · CIK: 892992
| Field | Detail |
|---|---|
| Company | Nuveen Arizona Quality Municipal Income Fund (NAZ) |
| Form Type | SC 13D/A |
| Filed Date | Oct 2, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 13D-A, activist-investor, municipal-bond-fund
TL;DR
Saba Capital updated their stake in Nuveen Arizona Quality Municipal Income Fund on 10/2/24.
AI Summary
Saba Capital Management, L.P. has filed an amendment (SC 13D/A) on October 2, 2024, regarding their holdings in Nuveen Arizona Quality Municipal Income Fund. This filing indicates a change in their beneficial ownership, though specific new percentages or dollar amounts are not detailed in this excerpt. The filing is an amendment to a previous Schedule 13D.
Why It Matters
This amendment signals a potential shift in the investment strategy or stake of a significant shareholder in the Nuveen Arizona Quality Municipal Income Fund, which could influence the fund's future performance or management.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in activist investor positions, which can lead to increased volatility or strategic shifts in the target company.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- Nuveen Arizona Quality Municipal Income Fund (company) — Subject company
- BOAZ R. WEINSTEIN (person) — Group member of filing entity
- SABA CAPITAL MANAGEMENT GP, LLC (company) — Group member of filing entity
FAQ
What specific change in beneficial ownership is reported in this SC 13D/A filing?
The filing is an amendment (Amendment No. 1) to a Schedule 13D, indicating a change in beneficial ownership, but the specific details of the change (e.g., new percentage or number of shares) are not provided in this excerpt.
Who is the filer of this SC 13D/A?
The filer is Saba Capital Management, L.P.
What is the subject company of this filing?
The subject company is Nuveen Arizona Quality Municipal Income Fund.
On what date was this amendment filed?
This amendment was filed on October 2, 2024.
What is the CUSIP number for the common shares of Nuveen Arizona Quality Municipal Income Fund?
The CUSIP number is 67061W104.
Filing Stats: 1,223 words · 5 min read · ~4 pages · Grade level 8.4 · Accepted 2024-10-02 20:33:19
Key Financial Figures
- $0.01 — FUND (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securiti
Filing Documents
- formsc13da.htm (SC 13D/A) — 82KB
- 0001062993-24-017344.txt ( ) — 83KB
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: October 2, 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. 67061W104 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 8/5/2024 Sell 2,667 11.72 8/6/2024 Sell 6,153 11.76 8/7/2024 Sell 2,728 11.79 8/8/2024 Sell 8,335 11.75 8/9/2024 Sell 6,737 11.68 8/12/2024 Sell 568 11.67 8/14/2024 Sell 11,109 11.70 8/15/2024 Sell 13,694 11.59 8/16/2024 Sell 7,838 11.63 8/19/2024 Sell 4,289 11.66 8/20/2024 Sell 10,554 11.64 8/21/2024 Sell 8,644 11.65 8/22/2024 Sell 11,852 11.69 8/23/2024 Sell 13,225 11.68 8/26/2024 Sell 13,173 11.68 8/27/2024 Sell 11,498 11.66 8/28/2024 Sell 15,637 11.71 8/29/2024 Sell 12,501 11.68 8/30/2024 Sell 17,834 11.68 9/3/2024 Sell 15,758 11.71 9/4/2024 Sell 30,375 11.69 9/5/2024 Sell 37,296 11.73 9/6/2024 Sell 20,195 11.72 9/9/2024 Sell 16,779 11.74 9/10/2024 Sell 18,844 11.84 9/11/2024 Sell 7,546 11.92 9/12/2024 Sell 16,929 11.91 9/13/2024 Sell 25,022 11.86 9