Karpus Management Amends Nuveen Muni Fund Filing

TL;DR

Karpus Management updated its stake in Nuveen AMT-Free Quality Muni Fund. Watch for potential moves.

AI Summary

Karpus Management, Inc. filed an amendment (No. 3) to its Schedule 13D on May 31, 2024, regarding its holdings in Nuveen AMT-Free Quality Municipal Income Fund. The filing indicates a change in the reporting person's intentions or beneficial ownership, though specific details of the change are not provided in this excerpt. Karpus Management, Inc. is based in Pittsford, NY.

Why It Matters

This filing signals a potential shift in strategy or ownership for Karpus Management concerning the Nuveen AMT-Free Quality Municipal Income Fund, which could impact the fund's market dynamics.

Risk Assessment

Risk Level: medium — Schedule 13D/A filings often indicate significant changes in beneficial ownership or investment strategy, which can introduce uncertainty and potential volatility.

Key Players & Entities

• Karpus Management, Inc. (company) — Reporting person filing amendment
• Nuveen AMT-Free Quality Municipal Income Fund (company) — Subject company
• Daniel L. Lippinco (person) — Mentioned in filing

FAQ

Key Financial Figures

• $272,430,159 — cially owned by Karpus is approximately $272,430,159.90, excluding brokerage commissions. Th
• $10.93 — TS) Purchase of Common Stock 3,482 $10.93 4/1/2024 Sale of Common Stock (250
• $10.87 — /1/2024 Sale of Common Stock (250) $10.87 4/2/2024 Sale of Common Stock (22,0
• $10.86 — /2024 Sale of Common Stock (22,000) $10.86 4/3/2024 Sale of Common Stock (1,3
• $10.77 — /2024 Sale of Common Stock (1,335) $10.77 4/4/2024 Purchase of Common Stock
• $10.90 — /2024 Purchase of Common Stock 500 $10.90 4/8/2024 Sale of Common Stock (2,0
• $10.70 — 024 Purchase of Common Stock 1,573 $10.70 4/10/2024 Purchase of Common Stock
• $10.76 — 024 Purchase of Common Stock 9,210 $10.76 4/11/2024 Purchase of Common Stock
• $10.74 — 024 Purchase of Common Stock 4,623 $10.74 4/12/2024 Purchase of Common Stock
• $10.65 — 024 Purchase of Common Stock 2,535 $10.65 4/15/2024 Sale of Common Stock (2,
• $10.68 — /2024 Sale of Common Stock (2,800) $10.68 4/18/2024 Purchase of Common Stock
• $10.72 — 024 Purchase of Common Stock 3,725 $10.72 4/19/2024 Sale of Common Stock (3,
• $10.69 — /2024 Sale of Common Stock (4,600) $10.69 4/23/2024 Purchase of Common Stock
• $10.66 — /2024 Purchase of Common Stock 830 $10.66 4/24/2024 Purchase of Common Stock
• $10.63 — /2024 Sale of Common Stock (1,886) $10.63 4/26/2024 Purchase of Common Stock

Filing Documents

• karpus-sch13d_18820.htm (SC 13D/A) — 107KB
• exh-1_18820.htm (EX-1) — 37KB
• image_002.jpg (GRAPHIC) — 7KB
• image_003.jpg (GRAPHIC) — 3KB
• image_004.jpg (GRAPHIC) — 6KB
• 0001072613-24-000539.txt ( ) — 168KB

Material

Item 7. Material to be Filed as Exhibits . Item 7 of the Original Schedule 13D is hereby amended to add the following exhibit: Exhibit No. Description 1 Letter to the Board dated May 30, 2024 CUSIP No.670657105 13D Page 4 of 5 Pages SIGNATURE After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: May 31, 2024 KARPUS MANAGEMENT, INC. By: /s/ Daniel L. Lippincott Name: Daniel L. Lippincott Title: President and Chief Investment Officer CUSIP No. 670657105 13D Page 5 of 5 Pages SCHEDULE A Executive Officers & Directors of Karpus Management, Inc., d/b/a Karpus Investment Management Name Position & Present Principal Occupation

Business

Owned Kathleen Finnerty Crane Chief Financial Officer 183 Sully’s Trail, Pittsford, New York 14534 12,800 Shares Thomas Michael Duffy Senior Vice President and Director of Operations 183 Sully’s Trail, Pittsford, New York 14534 0 Shares Daniel Lee Lippincott President and Chief Investment Officer 183 Sully’s Trail, Pittsford, New York 14534 3,000 Shares Jodi Lee Hedberg Chief Compliance Officer 183 Sully’s Trail, Pittsford, New York 14534 0 Shares Thomas Wayne Griffith Director 17 East Market Street, West Chester, Pennsylvania 19382 80 0 Shares Carlos Manuel Yuste Director 17 East Market Street, West Chester, Pennsylvania 19382 0 Shares SCHEDULE B Transactions in th e Shares in the last 60 days. Nature of the Transaction Shares Purchased/(Sold) Price Per Share($) Date of Purchase / Sale KARPUS MANAGEMENT, INC., D/B/A/ KARPUS INVESTMENT MANAGEMENT (THROUGH THE ACCOUNTS) Purchase of Common Stock 3,482 $10.93 4/1/2024 Sale of Common Stock (250) $10.87 4/2/2024 Sale of Common Stock (22,000) $10.86 4/3/2024 Sale of Common Stock (1,335) $10.77 4/4/2024 Purchase of Common Stock 500 $10.90 4/8/2024 Sale of Common Stock (2,050) $10.90 4/9/2024 Purchase of Common Stock 1,573 $10.70 4/10/2024 Purchase of Common Stock 9,210 $10.76 4/11/2024 Purchase of Common Stock 4,623 $10.74 4/12/2024 Purchase of Common Stock 2,535 $10.65 4/15/2024 Sale of Common Stock (2,800) $10.68 4/18/2024 Purchase of Common Stock 3,725 $10.72 4/19/2024 Sale of Common Stock (3,200) $10.65 4/22/2024 Sale of Common Stock (4,600) $10.69 4/23/2024 Purchase of Common Stock 830 $10.66 4/24/2024 Purchase of Common Stock 2,700 $10.65 4/25/2024 Sale of Common Stock (1,886) $10.63 4/26/2024 Purchase of Common Stock 20,200 $10.65 4/29/2024 Purchase of Common Stock 170,024 $10.64 4/30/2024 Purchase of

View Full Filing

View this SC 13D/A filing on SEC EDGAR