Wells Fargo updates Nuveen Quality Municipal Income (NYSE: NAD) preferred stake

Rhea-AI Filing Summary

Wells Fargo & Company and its affiliate Wells Fargo Municipal Capital Strategies, LLC filed Amendment No. 3 to update their ownership in Nuveen Quality Municipal Income Fund’s MuniFund Preferred Shares, Series A. The change reflects the fund’s redemption on March 11, 2026 of 500 preferred shares held by the affiliate.

After this redemption, the reporting persons beneficially own 2,988 MuniFund Preferred Shares, representing 18.64% of the class, with shared voting and shared dispositive power and no sole power. All other key items, including purpose of transaction and source of funds, remain unchanged, while certain schedules and exhibits are updated, including a joint filing agreement and limited power of attorney.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)

NUVEEN QUALITY MUNICIPAL INCOME FUND

(Name of Issuer)

MUNIFUND PREFERRED SHARES

(Title of Class of Securities)

67066V812

(CUSIP Number)

Vera Gurova, Senior Counsel,
Wells Fargo & Company, 401 S. Tryon Street, 26th Floor
Charlotte, NC, 28202
(704) 339-2335

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

03/11/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 67066V812

1

Name of reporting person

Wells Fargo & Company

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,988.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,988.00

11

Aggregate amount beneficially owned by each reporting person

2,988.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

18.64 %

14

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13D

CUSIP No. 67066V812

1

Name of reporting person

Wells Fargo Municipal Capital Strategies, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,988.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,988.00

11

Aggregate amount beneficially owned by each reporting person

2,988.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

18.64 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: MUNIFUND PREFERRED SHARES
(b)	Name of Issuer: NUVEEN QUALITY MUNICIPAL INCOME FUND
(c)	Address of Issuer's Principal Executive Offices: 333 West Wacker Drive, Chicago, ILLINOIS , 60606.
Item 1 Comment: This Amendment No. 3 (this "Amendment") amends, as set forth below, the statement on Schedule 13D, dated May 3, 2024 and filed with the SEC on May 7, 2024 (the "Original Schedule 13D"), as amended by Amendment No. 1 dated July 1, 2024 and filed with SEC on July 3, 2024 (the "Amendment No. 1"), as further amended by Amendment No. 2 dated December 9, 2024 and filed with SEC on December 11, 2024 (the "Amendment No. 2"), for Wells Fargo & Company ("Wells Fargo") and Wells Fargo Municipal Capital Strategies, LLC ("Capital Strategies") (collectively, the "Reporting Persons") with respect to the MuniFund Preferred Shares, Series A (the "MFP Shares") of Nuveen Quality Municipal Income Fund (the "Issuer"). This Amendment is being filed in relation to the redemption by the Issuer on March 11, 2026 of 500 MFP Shares (CUSIP No. 67066V812) of the Issuer held by Capital Strategies.
Item 2.	Identity and Background
(a)	This information is not changed by this Amendment.
(b)	This information is not changed by this Amendment.
(c)	Item 2 of the Original Schedule 13D is hereby amended by deleting Schedule I and Schedule II referenced therein and replacing them with Schedule I and Schedule II included with this Amendment and attached as an Exhibit hereto.
(d)	Item 2 of the Original Schedule 13D is hereby amended by deleting Schedule I and Schedule II referenced therein and replacing them with Schedule I and Schedule II included with this Amendment and attached as an Exhibit hereto.
(e)	Item 2 of the Original Schedule 13D is hereby amended by deleting Schedule I and Schedule II referenced therein and replacing them with Schedule I and Schedule II included with this Amendment and attached as an Exhibit hereto.
(f)	Item 2 of the Original Schedule 13D is hereby amended by deleting Schedule I and Schedule II referenced therein and replacing them with Schedule I and Schedule II included with this Amendment and attached as an Exhibit hereto.
Item 3.	Source and Amount of Funds or Other Consideration
	This information is not changed by this Amendment.
Item 4.	Purpose of Transaction
	This information is not changed by this Amendment.
Item 5.	Interest in Securities of the Issuer
(a)	This information is not changed by this Amendment.
(b)	This information is not changed by this Amendment.
(c)	This information is not changed by this Amendment.
(d)	This information is not changed by this Amendment.
(e)	This information is not changed by this Amendment.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	This information is not changed by this Amendment.
Item 7.	Material to be Filed as Exhibits.
	Item 7 of the Original Schedule 13D is hereby amended by deleting Exhibit 99.1 and Exhibit 99.2 thereto and inserting the following exhibits in their place: "Exhibit Description of Exhibit 99.1 Joint Filing Agreement 99.2 Limited Power of Attorney" Item 7 of the Original Schedule 13D is hereby further amended by adding the following Exhibit to the listings of exhibits to be attached to this Schedule 13D: "Exhibit Description of Exhibit 99.7 Amended and Restated Schedule I and Schedule II"

SIGNATURE

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.

Wells Fargo & Company

Signature:	/s/ Patricia Arce
Name/Title:	Patricia Arce, Designated Signer
Date:	03/13/2026

Wells Fargo Municipal Capital Strategies, LLC

Signature:	/s/ Daniel Frizsell
Name/Title:	Daniel Frizsell, Vice President
Date:	03/13/2026

Comments accompanying signature:

Please note that Item 2 of the Original Schedule 13D is hereby amended by deleting Schedule I and Schedule II referenced therein and replacing them with the amended and restated Schedule I and Schedule II attached to this Amendment.

FAQ

What does Wells Fargo’s Schedule 13D/A Amendment No. 3 for NAD report?

The amendment updates Wells Fargo’s reported ownership in Nuveen Quality Municipal Income Fund’s MuniFund Preferred Shares, Series A. It reflects a March 11, 2026 redemption of 500 preferred shares by the fund and revises related ownership and exhibit information accordingly.

How many NAD MuniFund Preferred Shares does Wells Fargo now beneficially own?

Wells Fargo and its affiliate now beneficially own 2,988 MuniFund Preferred Shares, Series A. This position is reported with shared voting and shared dispositive power, and represents a significant portion of the outstanding preferred share class disclosed in the filing.

What percentage of NAD’s MuniFund Preferred Shares does Wells Fargo hold?

The filing states Wells Fargo’s beneficial ownership is 18.64% of the MuniFund Preferred Shares, Series A. This percentage is calculated based on total shares of that preferred class, showing Wells Fargo as a sizeable holder of these securities for the Nuveen closed-end fund.

What event triggered this Schedule 13D/A amendment for Nuveen Quality Municipal Income Fund?

The amendment was triggered by the fund’s redemption on March 11, 2026 of 500 MuniFund Preferred Shares held by Wells Fargo’s affiliate. That redemption changed the number of shares beneficially owned, requiring an updated Schedule 13D/A disclosure to reflect the new position.

Which Wells Fargo entities are the reporting persons in this NAD Schedule 13D/A?

The reporting persons are Wells Fargo & Company and Wells Fargo Municipal Capital Strategies, LLC. Both entities report shared voting and shared dispositive power over the same 2,988 MuniFund Preferred Shares, coordinating their disclosure through a joint filing agreement included as an exhibit.

Were other disclosure items about NAD’s preferred shares changed in this amendment?

Most substantive items, including source of funds, purpose of transaction, and detailed interest in securities, are unchanged. The amendment mainly updates ownership figures, replaces prior Schedules I and II, and revises exhibits, adding a joint filing agreement and limited power of attorney.