Nuveen Quality Municipal Income Fund redeems 500 shares
The $100,218.68 redemption price per share included a $100,000.00 liquidation preference and $218.677 in accrued dividends.
Rhea-AI Filing Summary
For Nuveen Quality Municipal Income Fund (NAD), Wells Fargo Municipal Capital Strategies, LLC, a reported ten percent owner, disposed of 500 MuniFund Preferred Shares through an issuer redemption on September 23, 2026. The redemption price was $100,218.68 per share; Capital Strategies' reported position following the transaction was 1,738 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 500 shares
Other
1 txn
Insider
WELLS FARGO & COMPANY/MN, Wells Fargo Municipal Capital Strategies, LLC
Role
10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | MuniFund Preferred Shares F1, F2, F3 | 500 | -- | -- |
Holdings After Transaction:
MuniFund Preferred Shares — 1,738 shares (Indirect, By Subsidiary)
Footnotes (3)
- F1. The 500 munifund preferred shares reported as disposed of in Table I represent munifund preferred shares of the Issuer (the "MFP Shares") that were beneficially owned by Wells Fargo Municipal Capital Strategies, LLC ("Capital Strategies"). The MFP Shares were disposed of as a result of a redemption by the Issuer for a redemption price of $100,218.68 per share (which includes a liquidation preference of $100,000.00 per share and accrued dividends of $218.677 per share).
- F2. This statement is jointly filed by Wells Fargo & Company ("Wells Fargo") and Capital Strategies. Wells Fargo holds an indirect interest in the securities listed in Table I by virtue of its indirect ownership of its wholly owned subsidiary Capital Strategies.
- F3. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the US Securities Exchange Act of 1934 or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.
Key Figures
MuniFund Preferred Shares disposed: 500 shares
Redemption price: $100,218.68 per share
Liquidation preference: $100,000.00 per share
+2 more
5 metrics
MuniFund Preferred Shares disposed
500 shares
Issuer redemption on September 23, 2026
Redemption price
$100,218.68 per share
Issuer redemption price
Liquidation preference
$100,000.00 per share
Component of the redemption price
Accrued dividends
$218.677 per share
Component of the redemption price
MuniFund Preferred Shares following transaction
1,738 shares
Capital Strategies' reported position after the transaction
Key Terms
MFP Shares, liquidation preference, accrued dividends
3 terms
liquidation preference financial
"a liquidation preference of $100,000.00 per share"
A liquidation preference is a rule that determines who gets paid first and how much they receive when a company is sold, goes bankrupt, or distributes its assets. It gives certain investors a priority claim—often returning their original investment plus any agreed multiple—before other owners receive money, which shapes how much common shareholders and founders ultimately get; think of it as a front-of-the-line pass that affects payout order and investor returns.
accrued dividends financial
"accrued dividends of $218.677 per share"
Accrued dividends are payments a company owes to shareholders that have been earned or officially declared but not yet paid; think of them as an IOU the company has for past dividend obligations. They matter to investors because they represent a near-term claim on a company’s cash, affect the company’s reported liabilities and value, and can be especially important when assessing income reliability or priority in a payout situation.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Was the NAD redemption under a Rule 10b5-1 plan?
No Rule 10b5-1 plan is reported for the transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.