Wells Fargo Files 13D/A Amendment on Nuveen Municipal Fund

TL;DR

WFBC filed a 13D/A amendment on NQMIF. Ownership change incoming?

AI Summary

Wells Fargo & Company/MN, through its subsidiary Wells Fargo Municipal Capital Strategies, LLC, has filed an amendment (Amendment No. 1) to its Schedule 13D concerning Nuveen Quality Municipal Income Fund. The filing, dated July 3, 2024, indicates a change in beneficial ownership, though specific details on the nature or extent of this change are not provided in the excerpt.

Why It Matters

This filing signals a potential shift in the ownership or control structure of Nuveen Quality Municipal Income Fund, which could impact its investment strategy or market position.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D often indicate significant changes in beneficial ownership, which can lead to market speculation and price volatility.

Key Players & Entities

• Wells Fargo & Company/MN (company) — Filer of the Schedule 13D/A
• Wells Fargo Municipal Capital Strategies, LLC (company) — Subsidiary of Wells Fargo & Company/MN, involved in the filing
• Nuveen Quality Municipal Income Fund (company) — Subject company of the Schedule 13D/A filing

FAQ

Key Financial Figures

• $100,000 — d typically included fines of less than $100,000 each. STATE OF MISSOURI SETTLEMENT On
• $300,000 — m that his ex-wife misappropriated over $300,000 out of his IRA account during the perio
• $25,672.17 — onsented to a censure and agreed to pay $25,672.17 to the Missouri Secretary of States Inv
• $3,411,478.78 — restitution to certain clients totaling $3,411,478.78. FINRA SETTLEMENT On June 21, 2017, W
• $3.25 million — rm consented to a censure, payment of a $3.25 million fine, and an undertaking to review its
• $3,500,000 — rder, a censure, and a civil penalty of $3,500,000. Wells Fargo Advisors also agreed to vo
• $270,000 — m agreed to a total monetary payment of $270,000. NYSE SETTLEMENT On February 2, 2018,
• $10,000 — y 29, 2016. WFPS consented to a fine of $10,000. STATE OF NEVADA SECURITIES DIVISION
• $8,000 — client meetings. WFCS agreed to pay an $8,000 fine and $1,446.13 for the costs of the
• $1,446.13 — . WFCS agreed to pay an $8,000 fine and $1,446.13 for the costs of the examinations condu
• $5,108,441.27 — consented to a censure and a payment of $5,108,441.27 representing disgorgement, prejudgment
• $450,000 — ng payment of an administrative fine of $450,000. SEC SETTLEMENT On March 11, 2019, th
• $17,363,847.29 — cease-and-desist order and to disgorge $17,363,847.29 in 12b-1 fees through a restitution pro
• $75 million — the firms role as placement agent in a $75 million bond offering by the Rhode Island Econo
• $812,500 — nsented to injunctions and a penalty of $812,500. FINRA SETTLEMENT On January 29, 2020

Filing Documents

• d807907dsc13da.htm (SC 13D/A) — 90KB
• d807907dex991.htm (EX-99.1) — 6KB
• d807907dex992.htm (EX-99.2) — 6KB
• 0001193125-24-174614.txt ( ) — 104KB

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: July 3, 2024 WELLS FARGO & COMPANY By: /s/ Patricia Arce Name: Patricia Arce Title: Designated Signer WELLSFARGO MUNICIPALCAPITAL STRATEGIES, LLC By: /s/ Alejandro Piekarewicz Name: Alejandro Piekarewicz Title: Vice President LIST OF EXHIBITS Exhibit Description of Exhibit 99.1 Joint Filing Agreement 99.2 Limited Power of Attorney SCHEDULE I EXECUTIVE OFFICERS AND DIRECTORS OF REPORTING PERSONS The following sets forth the name and present principal occupation of each executive officer and director of Wells Fargo & Company. The business address of each of the executive officers and directors of Wells Fargo & Company is 420 Montgomery Street, San Francisco, CA 94104. Name Position with Wells Fargo & Company Principal Occupation Charles W. Scharf Chief Executive Officer and President; Director Chief Executive Officer of Wells Fargo & Company and Director Muneera S. Carr Executive Vice President, Chief Accounting Officer, and Controller Chief Accounting Officer and Controller of Wells Fargo & Company Kristy W. Fercho Senior Executive Vice President, Head of Diverse Segments, Representation & Inclusion Head of Diverse Segments, Representation & Inclusion of Wells Fargo & Company Derek A. Flowers Senior Executive Vice President and Chief Risk Officer Chief Risk Officer of Wells Fargo & Company Kyle G. Hranicky Senior Executive Vice President, CEO of Commercial Banking CEO of Commercial Banking of Wells Fargo & Company Tracy M. Kerrins Senior Executive Vice President, Head of Technology Head of Technology of Wells Fargo & Company Bei Ling Senior Executive Vice President, Head of Human Resources Head of Human Resources for Wells Fargo & Company Ellen R. Patterson Senior Executive Vice President and Ge

View Full Filing

View this SC 13D/A filing on SEC EDGAR