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.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | MuniFund Preferred Shares F1, F2, F3 | 500 | -- | -- |
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
Key Terms
liquidation preference financial
accrued dividends financial
FAQ
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Was the NAD redemption under a Rule 10b5-1 plan?
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