Saba Capital Management Amends Filing for Nuveen PA Muni Fund
Ticker: NQP · Form: SC 13D/A · Filed: Mar 13, 2024 · CIK: 870780
| Field | Detail |
|---|---|
| Company | Nuveen Pennsylvania Quality Municipal Income Fund (NQP) |
| Form Type | SC 13D/A |
| Filed Date | Mar 13, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $53,002,751 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, sec-filing, municipal-bond-fund
TL;DR
Saba Capital updated their 13D filing for the Nuveen PA Muni Fund - check for new stake details.
AI Summary
Saba Capital Management, L.P. has filed an amendment (Amendment No. 7) to its Schedule 13D/A concerning Nuveen Pennsylvania Quality Municipal Income Fund. The filing, dated March 13, 2024, indicates a change in the reporting of beneficial ownership. Saba Capital Management GP, LLC is also listed as a group member.
Why It Matters
This filing signifies ongoing activity and potential strategic adjustments by Saba Capital Management regarding their stake in the Nuveen Pennsylvania Quality Municipal Income Fund.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in an activist investor's strategy or holdings, which can lead to increased volatility.
Key Numbers
- 7 — Amendment Number (Indicates this is the seventh amendment to the original filing.)
- 20240313 — Filing Date (The date the amendment was filed with the SEC.)
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filer of the Schedule 13D/A
- Nuveen Pennsylvania Quality Municipal Income Fund (company) — Subject company of the filing
- Saba Capital Management GP, LLC (company) — Group member listed in the filing
- Boaz R. Weinstein (person) — Group member listed in the filing
FAQ
What specific changes in beneficial ownership are detailed in this Amendment No. 7?
The provided text does not specify the exact changes in beneficial ownership, only that an amendment has been filed.
What is the CUSIP number for Nuveen Pennsylvania Quality Municipal Income Fund?
The CUSIP number for Nuveen Pennsylvania Quality Municipal Income Fund is 670972108.
Who are the listed group members in this filing?
The listed group members are Boaz R. Weinstein and Saba Capital Management GP, LLC.
What is the business address of Saba Capital Management, L.P.?
The business address of Saba Capital Management, L.P. is 405 Lexington Avenue, 58th Floor, New York, NY 10174.
What is the fiscal year end for Nuveen Pennsylvania Quality Municipal Income Fund?
The fiscal year end for Nuveen Pennsylvania Quality Municipal Income Fund is 0630.
Filing Stats: 1,344 words · 5 min read · ~4 pages · Grade level 11.1 · Accepted 2024-03-13 10:57:14
Key Financial Figures
- $0.01 — FUND (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securiti
- $53,002,751 — ported herein. A total of approximately $53,002,751 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 64KB
- 0001062993-24-006312.txt ( ) — 65KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: March 13, 2024 SABA CAPITAL MANAGEMENT, L.P. By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Chief Compliance Officer SABA CAPITAL MANAGEMENT GP, LLC By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Authorized Signatory BOAZ R. WEINSTEIN By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Attorney-in-fact* * Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823 CUSIP No. 670972108 SCHEDULE 13D/A Page 7 of 7 Pages Schedule A This Schedule sets forth information with respect to each purchase and sale of Common Shares which were effectuated by Saba Capital in the past sixty days. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 1/11/2024 Buy 28,992 11.72 1/16/2024 Buy 1,406 11.71 1/17/2024 Buy 16,785 11.60 2/5/2024 Buy 68,555 11.63 3/5/2024 Buy 26,653 11.73 3/6/2024 Buy 20,488 11.74 3/7/2024 Buy 10,171 11.78 3/11/2024 Buy 16,774 11.81 3/12/2024 Buy 1,154 11.80