Saba Capital Amends 13D Filing for Nuveen NJ Muni Fund

TL;DR

Saba Capital filed an update on their Nuveen NJ Muni Fund stake. Watch this space.

AI Summary

Saba Capital Management, L.P. has filed an amendment (No. 9) to its Schedule 13D on May 6, 2024, regarding its holdings in Nuveen New Jersey Quality Municipal Income Fund. The filing indicates a change in the reporting person's beneficial ownership, though specific new percentage or share counts are not detailed in this excerpt. Saba Capital Management is a significant holder and this amendment likely reflects ongoing activity or adjustments to their stake in the fund.

Why It Matters

This filing update from Saba Capital Management signals potential shifts in activist investor strategy or holdings within the Nuveen New Jersey Quality Municipal Income Fund, which could influence the fund's future performance or corporate actions.

Risk Assessment

Risk Level: medium — Amendments to 13D filings often indicate changes in an activist investor's strategy or stake, which can lead to increased volatility or corporate actions affecting the fund.

Key Players & Entities

• Saba Capital Management, L.P. (company) — Reporting Person
• Nuveen New Jersey Quality Municipal Income Fund (company) — Issuer
• Michael D'Angelo (person) — Contact Person for Saba Capital

FAQ

Key Financial Figures

• $0.01 — FUND (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securiti
• $67,728,227 — ported herein. A total of approximately $67,728,227 was paid to acquire the Common Shares r

Filing Documents

• formsc13da.htm (SC 13D/A) — 58KB
• 0001062993-24-009386.txt ( ) — 60KB

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: May 6, 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 Schedule A This Schedule sets forth information with respect to each purchase and sale of Common Shares which were effectuated by Saba Capital during the past sixty days. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 3/6/2024 Buy 17,011 12.09 3/7/2024 Buy 7,098 12.16 3/8/2024 Buy 2,442 12.18 3/11/2024 Buy 7,244 12.20 3/12/2024 Buy 427 12.20 3/19/2024 Buy 9,550 12.22 3/26/2024 Buy 6,788 12.18 4/1/2024 Buy 54,332 12.03 4/2/2024 Buy 27,925 11.99 4/29/2024 Buy 5,494 11.66 5/2/2024 Buy 50,596 11.79 5/3/2024 Buy 100 11.90

View Full Filing

View this SC 13D/A filing on SEC EDGAR