Karpus Management Amends Filing for Nuveen Municipal Fund

Ticker: NEA · Form: SC 13D/A · Filed: Sep 12, 2024 · CIK: 1195737

Nuveen Amt-Free Quality Municipal Income Fund SC 13D/A Filing Summary
FieldDetail
CompanyNuveen Amt-Free Quality Municipal Income Fund (NEA)
Form TypeSC 13D/A
Filed DateSep 12, 2024
Risk Levelmedium
Pages4
Reading Time5 min
Key Dollar Amounts$200,342,820, $11.68, $11.72, $11.61, $11.63
Sentimentneutral

Sentiment: neutral

Topics: ownership-change, sec-filing, municipal-bonds

TL;DR

Karpus Management filed a 13D/A for Nuveen AMT-Free Quality Municipal Income Fund, signaling a shift in ownership.

AI Summary

Karpus Management, Inc. filed an amendment (No. 7) to its Schedule 13D on September 12, 2024, regarding its holdings in Nuveen AMT-Free Quality Municipal Income Fund. The filing indicates a change in the beneficial ownership of the common shares of the fund.

Why It Matters

This filing updates the market on significant changes in beneficial ownership for a municipal income fund, which can influence investor sentiment and trading activity.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate activist investor activity or significant stake-building, which can lead to volatility.

Key Players & Entities

FAQ

What is the primary purpose of this Schedule 13D/A filing?

The filing is an amendment (No. 7) to a Schedule 13D, indicating a change in the beneficial ownership of Nuveen AMT-Free Quality Municipal Income Fund's common shares by Karpus Management, Inc.

Who is the entity filing this amendment?

Karpus Management, Inc. is the entity filing the amendment.

What is the subject company of this filing?

The subject company is Nuveen AMT-Free Quality Municipal Income Fund.

When was this filing submitted?

This filing was submitted on September 12, 2024.

What is the CUSIP number for the securities involved?

The CUSIP number for the common shares of Nuveen AMT-Free Quality Municipal Income Fund is 670657105.

Filing Stats: 1,223 words · 5 min read · ~4 pages · Grade level 8.4 · Accepted 2024-09-12 15:31:14

Key Financial Figures

Filing Documents

Business

Owned Kathleen Finnerty Crane Chief Financial Officer 183 Sully’s Trail, Pittsford, New York 14534 12,775 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 620 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 August 15, 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) Sale of Common Stock (621,521) $11.68 8/13/2024 Sale of Common Stock (98,512) $11.72 8/14/2024 Sale of Common Stock (278,882) $11.61 8/16/2024 Sale of Common Stock (253,306) $11.63 8/19/2024 Sale of Common Stock (84,432) $11.63 8/20/2024 Sale of Common Stock (239,886) $11.63 8/21/2024 Sale of Common Stock (1,525) $11.58 8/22/2024 Sale of Common Stock (199,442) $11.62 8/23/2024 Sale of Common Stock (13,240) $11.64 8/26/2024 Purchase of Common Stock 12,338 $11.58 8/27/2024 Sale of Common Stock (258,590) $11.61 8/28/2024 Sale of Common Stock (219,779) $11.59 8/29/2024 Sale of Common Stock (60,439) $11.61 8/30/2024 Sale of Common Stock (70,108) $11.66 9/3/2024 Purchase of Common Stock 1,607 $11.61 9/4/2024 Sale of Common Stock (186,775) $11.66 9/5/2024 Sale of Common Stock (210,503) $11.70 9/6/2024 Sale of Common Stock (120,752) $11.72 9/9/2024 Sale of Common Stock (561,814

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