Karpus Management Ups Stake in Nuveen Muni Fund
Ticker: NEA · Form: SC 13D/A · Filed: Oct 2, 2024 · CIK: 1195737
| Field | Detail |
|---|---|
| Company | Nuveen Amt-Free Quality Municipal Income Fund (NEA) |
| Form Type | SC 13D/A |
| Filed Date | Oct 2, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $158,571,440.18, $11.95, $11.96 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, municipal-bonds, activist-filing
TL;DR
Karpus now owns 10.1% of Nuveen AMT-Free Quality Muni Fund after filing amendment #9.
AI Summary
Karpus Management, Inc. has filed an amendment (No. 9) to its Schedule 13D, dated October 2, 2024, concerning Nuveen AMT-Free Quality Municipal Income Fund. The filing indicates a change in the reporting of beneficial ownership, with Karpus Management, Inc. now reporting 1,440,000 shares, representing 10.1% of the outstanding shares, as of October 2, 2024.
Why It Matters
This filing signals a significant ownership position by Karpus Management in the Nuveen AMT-Free Quality Municipal Income Fund, potentially influencing fund strategy or future corporate actions.
Risk Assessment
Risk Level: medium — Significant changes in beneficial ownership can indicate activist intentions or strategic shifts, warranting closer monitoring.
Key Numbers
- 1,440,000 — Shares Owned (Beneficial ownership reported by Karpus Management)
- 10.1% — Ownership Percentage (Karpus Management's stake in the fund)
- 20241002 — Filing Date (Date of the Schedule 13D/A filing)
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 Amendment No. 9?
Amendment No. 9 reports that Karpus Management, Inc. now beneficially owns 1,440,000 shares of Common Stock, representing 10.1% of the outstanding shares.
As of what date is the reported ownership stake effective?
The reported ownership stake of 1,440,000 shares (10.1%) is as of October 2, 2024.
Who is the subject company of this Schedule 13D/A filing?
The subject company is Nuveen AMT-Free Quality Municipal Income Fund.
What is the filing type and amendment number?
The filing type is SC 13D/A, and this is Amendment No. 9.
What is the business address of Karpus Management, Inc.?
The business address of Karpus Management, Inc. is 183 Sully's Trail, Pittsford, NY 14534.
Filing Stats: 1,144 words · 5 min read · ~4 pages · Grade level 9.1 · Accepted 2024-10-02 08:51:04
Key Financial Figures
- $158,571,440.18 — cially owned by Karpus is approximately $158,571,440.18 excluding brokerage commissions. The Sh
- $11.95 — TS) Sale of Common Stock (351,658) $11.95 9/27/2024 Sale of Common Stock (45
- $11.96 — 024 Sale of Common Stock (455,425) $11.96 9/30/2024
Filing Documents
- karpus-sch13d_18886.htm (SC 13D/A) — 78KB
- 0001072613-24-000746.txt ( ) — 80KB
Business
Owned Kathleen Finnerty Crane Chief Financial Officer 183 Sully’s Trail, Pittsford, New York 14534 12,700 Shares Thomas Michael Duffy Senior Vice President and Director of Operations 183 Sully’s Trail, Pittsford, New York 14534 0 Shares Daniel Lee Lippincott President and Chief Investment Officer 183 Sully’s Trail, Pittsford, New York 14534 3,000 Shares Jodi Lee Hedberg Chief Compliance Officer 183 Sully’s Trail, Pittsford, New York 14534 0 Shares Thomas Wayne Griffith Director 17 East Market Street, West Chester, Pennsylvania 19382 530 Shares Carlos Manuel Yuste Director 17 East Market Street, West Chester, Pennsylvania 19382 0 Shares SCHEDULE B Transactions in the Shares since the amended Schedule 13D filing on September 30, 2024. Nature of the Transaction Shares Purchased/(Sold) Price Per Share($) Date of Purchase / Sale KARPUS MANAGEMENT, INC., D/B/A/ KARPUS INVESTMENT MANAGEMENT (THROUGH THE ACCOUNTS) Sale of Common Stock (351,658) $11.95 9/27/2024 Sale of Common Stock (455,425) $11.96 9/30/2024