Karpus Management Amends 13D Filing for Nuveen NY Muni Fund
Ticker: NRK · Form: SC 13D/A · Filed: Jun 3, 2024 · CIK: 1195739
| Field | Detail |
|---|---|
| Company | Nuveen New York Amt-Free Quality Municipal Income Fund (NRK) |
| Form Type | SC 13D/A |
| Filed Date | Jun 3, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $224,258,535, $847,568, $10.71, $10.70, $10.73 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 13D-filing, beneficial-ownership, municipal-bond-fund
TL;DR
Karpus Management just updated their stake in Nuveen NY Muni Fund (Amendment 6).
AI Summary
Karpus Management, Inc. has filed an amendment (Amendment No. 6) to its Schedule 13D regarding Nuveen New York AMT-Free Quality Municipal Income Fund. The filing, dated June 3, 2024, indicates a change in the beneficial ownership of the fund's securities by Karpus Management and its associated funds, including the Karpus Investment Management Profit Sharing Plan Fund B - Conservative Bond Fund.
Why It Matters
This filing signals a potential shift in control or strategy for the Nuveen New York AMT-Free Quality Municipal Income Fund, as a significant shareholder is updating their disclosures.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate activist investor intentions or significant stake changes, which can lead to volatility.
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 of filing entity
- Mat Small (person) — Group member of filing entity
- Steven C. Weitz (person) — Group member of filing entity
- Taylor Gettinger (person) — Group member of filing entity
FAQ
What is the primary purpose of this SC 13D/A filing?
This filing is an amendment (Amendment No. 6) to a Schedule 13D, indicating a change in the beneficial ownership of Nuveen New York AMT-Free Quality Municipal Income Fund by Karpus Management, Inc. and its associated entities.
Who is the subject company of this filing?
The subject company is Nuveen New York AMT-Free Quality Municipal Income Fund.
Who is the entity filing this amendment?
The entity filing this amendment is Karpus Management, Inc.
What is the filing date of this amendment?
The filing date of this amendment is June 3, 2024.
Are there any other named group members associated with the filing entity?
Yes, the filing lists Karpus Investment Management Profit Sharing Plan Fund B - Conservative Bond Fund, Mat Small, Steven C. Weitz, and Taylor Gettinger as group members.
Filing Stats: 2,111 words · 8 min read · ~7 pages · Grade level 7.7 · Accepted 2024-06-03 15:39:27
Key Financial Figures
- $224,258,535 — cially owned by Karpus is approximately $224,258,535.09, excluding brokerage commissions. Th
- $847,568 — es held by Karpus Fund is approximately $847,568.40, excluding brokerage commissions.
- $10.71 — S) Purchase of Common Stock 57,320 $10.71 5/29/2024 Purchase of Common Stock
- $10.70 — 024 Purchase of Common Stock 2,800 $10.70 5/30/2024 Sale of Common Stock (83
- $10.73 — 30/2024 Sale of Common Stock (830) $10.73 5/31/2024
Filing Documents
- karpus-sch13d_18820.htm (SC 13D/A) — 234KB
- exh-1_18820.htm (EX-1) — 37KB
- image_002.jpg (GRAPHIC) — 7KB
- image_003.jpg (GRAPHIC) — 3KB
- image_004.jpg (GRAPHIC) — 6KB
- 0001072613-24-000543.txt ( ) — 296KB
Business
Owned Kathleen Finnerty Crane Chief Financial Officer 183 Sully’s Trail, Pittsford, New York 14534 150 Shares Thomas Michael Duffy Senior Vice President and Director of Operations 183 Sully’s Trail, Pittsford, New York 14534 0 Shares Daniel Lee Lippincott President and Chief Investment Officer 183 Sully’s Trail, Pittsford, New York 14534 4,300 Shares Jodi Lee Hedberg Chief Compliance Officer 183 Sully’s Trail, Pittsford, New York 14534 0 Shares Thomas Wayne Griffith Director 17 East Market Street, West Chester, Pennsylvania 19382 90 0 Shares Carlos Manuel Yuste Director 17 East Market Street, West Chester, Pennsylvania 19382 0 Shares SCHEDULE B Transactions in the Shares since the amended Schedule 13D filing on May 31, 2024 Nature of the Transaction Shares Purchased/(Sold) Price Per Share($) Date of Purchase / Sale KARPUS MANAGEMENT, INC., D/B/A/ KARPUS INVESTMENT MANAGEMENT (THROUGH THE ACCOUNTS) Purchase of Common Stock 57,320 $10.71 5/29/2024 Purchase of Common Stock 2,800 $10.70 5/30/2024 Sale of Common Stock (830) $10.73 5/31/2024