Karpus Management Amends 13D Filing for Nuveen NY Muni Fund
Ticker: NRK · Form: SC 13D/A · Filed: Apr 22, 2024 · CIK: 1195739
| Field | Detail |
|---|---|
| Company | Nuveen New York Amt-Free Quality Municipal Income Fund (NRK) |
| Form Type | SC 13D/A |
| Filed Date | Apr 22, 2024 |
| Risk Level | medium |
| Pages | 10 |
| Reading Time | 12 min |
| Key Dollar Amounts | $219,865,558, $847,568, $10.80, $10.82, $10.88 |
| Sentiment | neutral |
Sentiment: neutral
Topics: amendment, ownership-change, municipal-bond-fund
TL;DR
Karpus Management updated its 13D filing for Nuveen NY Muni Fund, adding new group members.
AI Summary
Karpus Management, Inc. has filed an amendment (Amendment No. 4) to its Schedule 13D, dated April 22, 2024, regarding its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund. The filing indicates a change in the group members associated with Karpus Management, including the addition of "KARPUS INVESTMENT MANAGEMENT PROFIT SHARING PLAN FUND B - CONSERVATIVE BOND FUND", "MAT SMALL", "STEVEN C. WEITZ", and "TAYLOR GETTINGER".
Why It Matters
This amendment signals a potential shift in the investment strategy or control dynamics for Nuveen New York AMT-Free Quality Municipal Income Fund, as a significant holder updates its filing with the SEC.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership filings can indicate shifts in investor sentiment or potential activist involvement, which may impact the fund's future performance.
Key Players & Entities
- Karpus Management, Inc. (company) — Filing entity
- Nuveen New York AMT-Free Quality Municipal Income Fund (company) — Subject company
- KARPUS INVESTMENT MANAGEMENT PROFIT SHARING PLAN FUND B - CONSERVATIVE BOND FUND (company) — Group member
- MAT SMALL (person) — Group member
- STEVEN C. WEITZ (person) — Group member
- TAYLOR GETTINGER (person) — Group member
FAQ
What is the primary purpose of this SC 13D/A filing?
This SC 13D/A filing is an amendment to a previous Schedule 13D, indicating changes in the beneficial ownership of Nuveen New York AMT-Free Quality Municipal Income Fund by Karpus Management, Inc. and its associated group members.
Who are the new group members added in this amendment?
The new group members added in this amendment are KARPUS INVESTMENT MANAGEMENT PROFIT SHARING PLAN FUND B - CONSERVATIVE BOND FUND, MAT SMALL, STEVEN C. WEITZ, and TAYLOR GETTINGER.
What is the filing date of this amendment?
The filing date of this amendment is April 22, 2024.
What is the subject company of this filing?
The subject company is Nuveen New York AMT-Free Quality Municipal Income Fund.
What is the SEC Act under which this filing is made?
This filing is made under the Securities Exchange Act of 1934.
Filing Stats: 2,975 words · 12 min read · ~10 pages · Grade level 8.3 · Accepted 2024-04-22 06:09:01
Key Financial Figures
- $219,865,558 — cially owned by Karpus is approximately $219,865,558.67, excluding brokerage commissions. Th
- $847,568 — es held by Karpus Fund is approximately $847,568.40, excluding brokerage commissions.
- $10.80 — OUNTS) Purchase of Common Stock 44 $10.80 3/1/2024 Purchase of Common Stock
- $10.82 — 24 Purchase of Common Stock 44,200 $10.82 3/4/2024 Purchase of Common Stock
- $10.88 — 24 Purchase of Common Stock 29,571 $10.88 3/5/2024 Purchase of Common Stock
- $10.94 — 4 Purchase of Common Stock 119,015 $10.94 3/7/2024 Purchase of Common Stock
- $10.97 — 24 Purchase of Common Stock 44,200 $10.97 3/8/2024 Purchase of Common Stock
- $11.01 — 024 Purchase of Common Stock 1,900 $11.01 3/12/2024 Purchase of Common Stock
- $11.09 — 024 Purchase of Common Stock 1,500 $11.09 3/13/2024 Purchase of Common Stock
- $10.96 — 024 Purchase of Common Stock 1,500 $10.96 3/14/2024 Purchase of Common Stock
- $10.99 — 024 Purchase of Common Stock 4,000 $10.99 3/25/2024 Sale of Common Stock (50
- $10.90 — /25/2024 Sale of Common Stock (50) $10.90 3/27/2024 Purchase of Common Stock
- $10.81 — 024 Purchase of Common Stock 3,561 $10.81 4/1/2024 Sale of Common Stock (425
- $10.73 — /1/2024 Sale of Common Stock (425) $10.73 4/2/2024 Sale of Common Stock (15,
- $10.79 — 024 Purchase of Common Stock 3,500 $10.79 4/4/2024 Purchase of Common Stock
Filing Documents
- karpus-sch13d_18820.htm (SC 13D/A) — 271KB
- exh-1_18820.htm (EX-1) — 34KB
- 0001072613-24-000389.txt ( ) — 307KB
Business
Owned Kathleen Finnerty Crane Chief Financial Officer 183 Sully’s Trail, Pittsford, New York 14534 150 Shares Thomas Michael Duffy Senior Vice President and Director of Operations 183 Sully’s Trail, Pittsford, New York 14534 0 Shares Daniel Lee Lippincott President and Chief Investment Officer 183 Sully’s Trail, Pittsford, New York 14534 4,300 Shares Brett David Gardner Senior Vice President 183 Sully’s Trail, Pittsford, New York 14534 1,275 Shares Jodi Lee Hedberg Chief Compliance Officer 183 Sully’s Trail, Pittsford, New York 14534 0 Shares Thomas Wayne Griffith Director 17 East Market Street, West Chester, Pennsylvania 19382 90 0 Shares Carlos Manuel Yuste Director 17 East Market Street, West Chester, Pennsylvania 19382 0 Shares SCHEDULE B Transactions in the Shares since the amended Schedule 13D filing on March 1, 2024 Nature of the Transaction Shares Purchased/(Sold) Price Per Share($) Date of Purchase / Sale KARPUS MANAGEMENT, INC., D/B/A/ KARPUS INVESTMENT MANAGEMENT (THROUGH THE ACCOUNTS) Purchase of Common Stock 44 $10.80 3/1/2024 Purchase of Common Stock 44,200 $10.82 3/4/2024 Purchase of Common Stock 29,571 $10.88 3/5/2024 Purchase of Common Stock 72,908 $10.88 3/6/2024 Purchase of Common Stock 119,015 $10.94 3/7/2024 Purchase of Common Stock 44,200 $10.97 3/8/2024 Purchase of Common Stock 1,900 $11.01 3/12/2024 Purchase of Common Stock 1,500 $11.09 3/13/2024 Purchase of Common Stock 1,500 $10.96 3/14/2024 Purchase of Common Stock 4,000 $10.99 3/25/2024 Sale of Common Stock (50) $10.90 3/27/2024 Purchase of Common Stock 3,561 $10.81 4/1/2024 Sale of Common Stock (425) $10.73 4/2/2024 Sale of Common Stock (15,177) $10.73 4/3/2024 Purchase of Common Stock 3,500 $10.79 4/4/2024 Purchase of Common Stock 1,000 $10.78 4/8/2024 Purchase of Common Stock