1607 Capital Partners Holds 785,667 Shares of Nuveen Municipal Income Fund
Ticker: NMI · Form: SC 13G/A · Filed: Feb 8, 2024 · CIK: 830271
| Field | Detail |
|---|---|
| Company | Nuveen Municipal Income Fund Inc (NMI) |
| Form Type | SC 13G/A |
| Filed Date | Feb 8, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**1607 Capital Partners still owns 785,667 shares of Nuveen Municipal Income Fund, signaling continued institutional interest.**
AI Summary
1607 Capital Partners, LLC, a Delaware-based investment firm, filed an amended SC 13G/A on February 8, 2024, disclosing its beneficial ownership in Nuveen Municipal Income Fund Inc. As of December 31, 2023, 1607 Capital Partners, LLC holds sole voting and dispositive power over 785,667 shares of Nuveen Municipal Income Fund Inc. This filing indicates a significant, but not controlling, stake by an institutional investor, which can signal confidence in the fund's strategy to other investors.
Why It Matters
This filing shows that a notable institutional investor, 1607 Capital Partners, LLC, maintains a substantial position in Nuveen Municipal Income Fund Inc., which could be seen as a vote of confidence for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing is an amendment to a passive ownership disclosure and does not indicate any immediate risks or significant changes in control.
Analyst Insight
Investors should note the continued institutional ownership by 1607 Capital Partners, LLC, which may indicate stability or long-term confidence in Nuveen Municipal Income Fund Inc., but this filing alone doesn't suggest any immediate buy or sell action.
Key Numbers
- 785,667 — Shares Beneficially Owned (Represents the total number of shares of Nuveen Municipal Income Fund Inc. held by 1607 Capital Partners, LLC as of December 31, 2023.)
Key Players & Entities
- 1607 Capital Partners, LLC (company) — the reporting person and beneficial owner of shares
- Nuveen Municipal Income Fund Inc (company) — the subject company whose securities are being reported
- Delaware (company) — place of organization for 1607 Capital Partners, LLC
- 785,667 (dollar_amount) — number of shares beneficially owned by 1607 Capital Partners, LLC
- December 31, 2023 (date) — date of the event which requires the filing
Forward-Looking Statements
- 1607 Capital Partners, LLC will maintain a significant, passive stake in Nuveen Municipal Income Fund Inc. for the foreseeable future. (1607 Capital Partners, LLC) — medium confidence, target: December 31, 2024
FAQ
Who filed this SC 13G/A amendment?
The SC 13G/A amendment was filed by 1607 Capital Partners, LLC, an investment firm organized in Delaware.
What company's shares are being reported in this filing?
This filing reports on the shares of Nuveen Municipal Income Fund Inc., which has a CUSIP number of 67062J102.
As of what date is the ownership information accurate?
The ownership information in this filing is accurate as of December 31, 2023, which is the 'Date of Event Which Requires Filing of this Statement'.
How many shares does 1607 Capital Partners, LLC beneficially own in Nuveen Municipal Income Fund Inc.?
1607 Capital Partners, LLC beneficially owns 785,667 shares of Nuveen Municipal Income Fund Inc., with sole voting and sole dispositive power over these shares.
What type of filing is this and under which rule was it filed?
This is an SC 13G/A filing, an amendment to a Schedule 13G, and it was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Filing Stats: 930 words · 4 min read · ~3 pages · Grade level 9.4 · Accepted 2024-02-08 13:47:15
Filing Documents
- nmi-123123a1.htm (SC 13G/A) — 51KB
- 0001172661-24-000574.txt ( ) — 52KB
(a)Name of Issuer
Item 1. (a)Name of Issuer Nuveen Municipal Income Fund Inc (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 (e) CUSIP No.: 67062J102 CUSIP No. 67062J102 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. 67062J102 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: 785,667 (b) Percent of class: 7.8% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 785,667 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 785,667 (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 the rep