Nuveen Minnesota Fund redeems 20 preferred shares
The Series 2028 shares were redeemed for the liquidation preference plus accumulated but unpaid dividends.
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Rhea-AI Filing Summary
Nuveen Minnesota Quality Municipal Income Fund (NMS) redeemed 20 Adjustable Rate MuniFund Term Preferred Shares, Series 2028, held by Banc of America Preferred Funding Corporation, on October 13, 2026. The redemption price was the liquidation preference plus accumulated but unpaid dividends. Banc of America Preferred Funding Corp. and its parent, Bank of America Corporation, each reported as a ten-percent owner, reported the disposition; the reported position after the transaction was 478 shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Adjustable Rate MuniFund Term Preferred Shares F1, F2, F3 | 20 | -- | -- |
Footnotes (3)
- F1. The 20 Adjustable Rate MuniFund Term Preferred Shares - Series 2028, ("AMTP Shares") reported as disposed of in Table I represent shares that were beneficially owned by Banc of America Preferred Funding Corporation ("BAPFC"). The 20 AMTP Shares held by BAPFC were redeemed by the Issuer on October 13, 2026, as described in the Notice of Intention to Redeem Securities, N-23C-2, filed by the Issuer with the SEC on May 1, 2026, and the redemption notice provided by the Issuer to shareholders, for a redemption price of the liquidation preference and accumulated but unpaid dividends. BAPFC is a wholly owned subsidiary of Bank of America Corporation.
- F2. This statement is jointly filed by Bank of America Corporation and BAPFC. Bank of America Corporation held an indirect interest in the securities listed in Table I by virtue of its indirect ownership of BAPFC.
- 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
accumulated but unpaid dividends financial
indirect interest financial
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