1607 Capital Partners Trims Nuveen Muni Fund Stake to 5.01%

TL;DR

**1607 Capital Partners just cut its stake in Nuveen Select Maturities Municipal Fund to 5.01%.**

AI Summary

1607 Capital Partners, LLC, a Delaware-based investment firm, has updated its holdings in Nuveen Select Maturities Municipal Fund (formerly Nuveen Intermediate Opportunity Municipal Fund). As of December 31, 2023, 1607 Capital Partners, LLC beneficially owns 1,188,726 shares of the fund's common stock, representing 5.01% of the outstanding shares. This filing indicates a slight decrease in their reported ownership from the previous filing, which could signal a shift in their investment strategy or a rebalancing of their portfolio, potentially impacting investor sentiment.

Why It Matters

This filing shows a significant institutional investor's updated position, which can influence other investors' perceptions of the fund's value and future performance.

Risk Assessment

Risk Level: medium — A reduction in a significant institutional holding could signal a lack of confidence or a re-evaluation of the investment, posing a moderate risk to current shareholders.

Analyst Insight

Investors should monitor future filings from 1607 Capital Partners, LLC and other institutional investors to understand if this is an isolated portfolio adjustment or part of a broader trend in sentiment towards municipal bond funds. Reviewing the fund's performance and underlying assets is also crucial.

Key Numbers

• 1,188,726 — Shares Owned (The total number of shares of Nuveen Select Maturities Municipal Fund common stock beneficially owned by 1607 Capital Partners, LLC.)
• 5.01% — Ownership Percentage (The percentage of the Nuveen Select Maturities Municipal Fund's common stock outstanding that 1607 Capital Partners, LLC beneficially owns.)
• December 31, 2023 — Event Date (The date as of which the reported beneficial ownership was calculated, requiring this amendment filing.)

Key Players & Entities

• 1607 Capital Partners, LLC (company) — the reporting person, an investment firm based in Delaware
• Nuveen Select Maturities Municipal Fund (company) — the issuer of the securities, a municipal bond fund
• 1,188,726 (dollar_amount) — shares beneficially owned by 1607 Capital Partners, LLC
• 5.01% (dollar_amount) — percentage of the class outstanding owned by 1607 Capital Partners, LLC
• December 31, 2023 (dollar_amount) — the date of the event requiring the filing

Forward-Looking Statements

• The reduction in 1607 Capital Partners' stake might lead to a short-term negative sentiment for Nuveen Select Maturities Municipal Fund. (Nuveen Select Maturities Municipal Fund) — medium confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.01 — Fund (Name of Issuer) Common stock, $0.01 par value (Title of Class of Securiti

Filing Documents

• nim-123123a1.htm (SC 13G/A) — 51KB
• 0001172661-24-000573.txt ( ) — 53KB

(a)Name of Issuer

Item 1. (a)Name of Issuer Nuveen Select Maturities Municipal Fund (b)Address of Issuer’s Principal Executive Offices 333 West Wacker Drive Chicago, IL 60606

(a)Name of Person Filing

Item 2. (a)Name of Person Filing 1607 Capital Partners, LLC (b)Address of Principal Business Office, or, if none, Residence 13 S. 13th Street, Suite 400 Richmond, Virginia 23219 (c)Citizenship Please refer to Item 4 on each cover sheet for each filing person (d)Title of Class of Securities Common stock, $0.01 par value (e) CUSIP No.: 67061T101 CUSIP No. 67061T101 SCHEDULE 13G/A Page 4 of 6 Pages

If

Item 3.If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 67061T101 SCHEDULE 13G/A Page 5 of 6 Pages Item 4.Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 1,188,726 (b) Percent of class: 9.6% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 1,188,726 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 1,188,726 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5.Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof t

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