Saba Capital Amends 13D Filing for Nuveen NJ Muni Fund
Ticker: NXJ · Form: SC 13D/A · Filed: Aug 27, 2024 · CIK: 1087786
| Field | Detail |
|---|---|
| Company | Nuveen New Jersey Quality Municipal Income Fund (NXJ) |
| Form Type | SC 13D/A |
| Filed Date | Aug 27, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.01, $67,810,003 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 13D-filing, shareholder-activity, municipal-bond-fund
TL;DR
Saba Capital updated its stake in Nuveen NJ Muni Fund - watch for potential moves.
AI Summary
Saba Capital Management, L.P. has filed an amendment (Amendment No. 10) to its Schedule 13D, indicating a change in its beneficial ownership of Nuveen New Jersey Quality Municipal Income Fund. The filing was made on August 27, 2024, and pertains to the common shares of the fund.
Why It Matters
This filing signals potential shifts in significant shareholder positions, which could influence the fund's strategy or market perception.
Risk Assessment
Risk Level: medium — Amendments to 13D filings often precede activist actions or significant trading by large shareholders.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- Nuveen New Jersey Quality Municipal Income Fund (company) — Subject company
- Michael D'Angelo (person) — Contact person for Saba Capital
FAQ
What is the specific change in beneficial ownership reported in this amendment?
The filing is an amendment (No. 10) to Schedule 13D, indicating a change in beneficial ownership, but the exact percentage or number of shares is not detailed in the provided text.
Who is filing this amendment?
Saba Capital Management, L.P. is filing this amendment.
What is the subject company of this filing?
The subject company is Nuveen New Jersey Quality Municipal Income Fund.
When was this amendment filed?
This amendment was filed on August 27, 2024.
What is the CUSIP number for the securities involved?
The CUSIP number for the Common Shares of Nuveen New Jersey Quality Municipal Income Fund is 67069Y102.
Filing Stats: 1,476 words · 6 min read · ~5 pages · Grade level 13.5 · Accepted 2024-08-27 09:11:54
Key Financial Figures
- $0.01 — FUND (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securiti
- $67,810,003 — ported herein. A total of approximately $67,810,003 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 54KB
- exhibit2.htm (EX-2) — 14KB
- 0001062993-24-015682.txt ( ) — 70KB
is hereby amended and supplemented by the addition of the following
Item 6 is hereby amended and supplemented by the addition of the following: The Reporting Persons' response to Item 4 is incorporated by reference into this Item 6. Item 7. MATERIAL TO BE FILED AS EXHIBITS Exhibit 2: Form of Nominee Agreement
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: August 27, 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