Karpus Management Amends 13D Filing for Nuveen Muni Fund
Ticker: NEA · Form: SC 13D/A · Filed: Jun 3, 2024 · CIK: 1195737
| Field | Detail |
|---|---|
| Company | Nuveen Amt-Free Quality Municipal Income Fund (NEA) |
| Form Type | SC 13D/A |
| Filed Date | Jun 3, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $272,319,082, $10.74, $10.80 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 13D-filing, shareholder-activity, municipal-bonds
TL;DR
Karpus Management updated its stake in Nuveen AMT-Free Quality Municipal Income Fund. #13D
AI Summary
Karpus Management, Inc. has filed an amendment (No. 4) to its Schedule 13D regarding Nuveen AMT-Free Quality Municipal Income Fund. The filing, dated June 3, 2024, indicates a change in the beneficial ownership of the fund's common shares. Karpus Management, Inc. is based in Pittsford, NY.
Why It Matters
This filing signals a potential shift in the investment strategy or holdings of a significant shareholder in the Nuveen AMT-Free Quality Municipal Income Fund, which could impact the fund's market performance.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate significant changes in a major shareholder's position, which can lead to increased volatility or strategic shifts in the target company.
Key Players & Entities
- Karpus Management, Inc. (company) — Filing entity
- Nuveen AMT-Free Quality Municipal Income Fund (company) — Subject company
- Daniel L. Lippinco (person) — Mentioned individual
FAQ
What specific changes in beneficial ownership are detailed in this Amendment No. 4?
The filing does not specify the exact percentage or number of shares changed in this amendment, only that it is an amendment to the Schedule 13D.
When was the previous Schedule 13D filing made by Karpus Management, Inc. for this fund?
The filing is an amendment (No. 4), implying previous filings, but the dates of those prior filings are not provided in this document excerpt.
What is the primary business of Nuveen AMT-Free Quality Municipal Income Fund?
The fund is identified as the Nuveen AMT-Free Quality Municipal Income Fund, suggesting it invests in municipal bonds to provide income that is exempt from federal income tax.
Where is Karpus Management, Inc. located?
Karpus Management, Inc. is located at 183 Sully's Trail, Pittsford, NY 14534.
What is the CUSIP number for the common shares of Nuveen AMT-Free Quality Municipal Income Fund?
The CUSIP number for the common shares is 670657105.
Filing Stats: 1,173 words · 5 min read · ~4 pages · Grade level 9.3 · Accepted 2024-06-03 15:39:46
Key Financial Figures
- $272,319,082 — cially owned by Karpus is approximately $272,319,082.54, excluding brokerage commissions. Th
- $10.74 — NTS) Purchase of Common Stock 1,875 $10.74 5/30/2024 Sale of Common Stock (1,4
- $10.80 — 0/2024 Sale of Common Stock (1,420) $10.80 5/31/2024
Filing Documents
- karpus-sch13d_18820.htm (SC 13D/A) — 79KB
- exh-1_18820.htm (EX-1) — 38KB
- image_002.jpg (GRAPHIC) — 7KB
- image_003.jpg (GRAPHIC) — 3KB
- image_004.jpg (GRAPHIC) — 6KB
- 0001072613-24-000544.txt ( ) — 142KB
Material
Item 7. Material to be Filed as Exhibits .
is
Item 7 is hereby amended and restated: Exhibit No. Description 1 Letter to the Board dated May 30, 2024 CUSIP No.670657105 13D Page 4 of 5 Pages SIGNATURE After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: June 3, 2024 KARPUS MANAGEMENT, INC. By: /s/ Daniel L. Lippincott Name: Daniel L. Lippincott Title: President and Chief Investment Officer CUSIP No. 670657105 13D Page 5 of 5 Pages SCHEDULE A Executive Officers & Directors of Karpus Management, Inc., d/b/a Karpus Investment Management Name Position & Present Principal Occupation
Business
Owned Kathleen Finnerty Crane Chief Financial Officer 183 Sully’s Trail, Pittsford, New York 14534 12,800 Shares Thomas Michael Duffy Senior Vice President and Director of Operations 183 Sully’s Trail, Pittsford, New York 14534 0 Shares Daniel Lee Lippincott President and Chief Investment Officer 183 Sully’s Trail, Pittsford, New York 14534 3,000 Shares Jodi Lee Hedberg Chief Compliance Officer 183 Sully’s Trail, Pittsford, New York 14534 0 Shares Thomas Wayne Griffith Director 17 East Market Street, West Chester, Pennsylvania 19382 80 0 Shares Carlos Manuel Yuste Director 17 East Market Street, West Chester, Pennsylvania 19382 0 Shares SCHEDULE B Transactions in the Shares since the amended Schedule 13D filing on May 31, 2024. Nature of the Transaction Shares Purchased/(Sold) Price Per Share($) Date of Purchase / Sale KARPUS MANAGEMENT, INC., D/B/A/ KARPUS INVESTMENT MANAGEMENT (THROUGH THE ACCOUNTS) Purchase of Common Stock 1,875 $10.74 5/30/2024 Sale of Common Stock (1,420) $10.80 5/31/2024