Saba Capital Management Amends 13D Filing for Nuveen NJ Fund
Ticker: NXJ · Form: SC 13D/A · Filed: Dec 9, 2024 · CIK: 1087786
| Field | Detail |
|---|---|
| Company | Nuveen New Jersey Quality Municipal Income Fund (NXJ) |
| Form Type | SC 13D/A |
| Filed Date | Dec 9, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.01, $62,096,127 |
| Sentiment | neutral |
Sentiment: neutral
Topics: activist-investor, filing-amendment, ownership-change
TL;DR
Saba Capital Management just updated its stake in Nuveen NJ Quality Municipal Income Fund. Watch this space.
AI Summary
Saba Capital Management, L.P. filed an amendment (No. 12) to its Schedule 13D on December 9, 2024, regarding Nuveen New Jersey Quality Municipal Income Fund. The filing indicates a change in beneficial ownership, with Saba Capital Management GP, LLC and Boaz R. Weinstein listed as group members. The specific details of the ownership change and the total number of shares held are not explicitly stated in this excerpt.
Why It Matters
This filing signals potential activist investor activity or a shift in holdings by Saba Capital Management, which could influence the strategic direction or market perception of the Nuveen New Jersey Quality Municipal Income Fund.
Risk Assessment
Risk Level: medium — Schedule 13D filings, especially amendments, can indicate significant shifts in major shareholder positions, potentially leading to increased volatility or strategic changes for the company.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- Nuveen New Jersey Quality Municipal Income Fund (company) — Subject company
- Boaz R. Weinstein (person) — Group member
- Saba Capital Management GP, LLC (company) — Group member
- Michael D'Angelo (person) — Contact person
FAQ
What is the specific change in beneficial ownership reported in this amendment?
This excerpt does not specify the exact change in beneficial ownership or the total number of shares held by Saba Capital Management, L.P. or its group members.
What is the CUSIP number for Nuveen New Jersey Quality Municipal Income Fund's common shares?
The CUSIP number for the common shares of Nuveen New Jersey Quality Municipal Income Fund is 67069Y102.
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 filing date of this SC 13D/A amendment?
This SC 13D/A amendment was filed as of December 9, 2024.
What is the business address and phone number for Saba Capital Management, L.P.?
Saba Capital Management, L.P.'s business address is 405 Lexington Avenue, 58th Floor, New York, NY 10174, and their business phone number is 212-542-4635.
Filing Stats: 1,428 words · 6 min read · ~5 pages · Grade level 10.2 · Accepted 2024-12-09 17:00:42
Key Financial Figures
- $0.01 — FUND (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securiti
- $62,096,127 — ported herein. A total of approximately $62,096,127 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 71KB
- 0001062993-24-020268.txt ( ) — 73KB
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: December 9, 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. 67069Y102 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 from the filing of the Schedule 13D/A on 10/30/24 to 12/5/24, the date of the event which required filing of this Schedule 13D/A. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 11/1/2024 Sell 15,665 12.42 11/8/2024 Sell 30,203 12.44 11/12/2024 Sell 32,429 12.42 11/14/2024 Sell 24,469 12.41 11/15/2024 Sell 14,052 12.30 11/19/2024 Sell 27,324 12.26 11/21/2024 Sell 46,663 12.24 11/22/2024 Sell 12,200 12.22 11/25/2024 Sell 19,316 12.33 11/27/2024 Sell 64,461 12.43 12/2/2024 Sell 38,411 12.64 12/3/2024 Sell 18,666 12.70 12/4/2024 Sell 64,749 12.69 12/5/2024 Sell 31,454 12.66