STOCK TITAN

Saba Capital reports NQP share sales; 4,221,640 shares remain indirect

(Very High)
(Negative)
Form Type
4

Rhea-AI Filing Summary

Nuveen Pennsylvania Quality Municipal Income Fund (NQP) reported a Form 4 from Saba Capital Management, L.P., a 10% owner. The reporting person sold 46,029 common shares at $12.04 on 11/06/2025 and 41,553 shares at $12.04 on 11/07/2025. Following these transactions, the reporting person held 4,221,640 shares indirectly.

Positive

  • None.

Negative

  • None.
Insider Saba Capital Management, L.P.
Role 10% Owner
Sold 87,582 shs ($1.05M)
Type Security Shares Price Value
Sale Common Stock 41,553 $12.04 $500K
Sale Common Stock 46,029 $12.04 $554K
Holdings After Transaction: Common Stock — 4,221,640 shares (Indirect, -)

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FAQ

What did NQP disclose in this Form 4 filing?

A 10% owner, Saba Capital Management, L.P., reported open-market sales of NQP common shares on 11/06/2025 and 11/07/2025.

How many NQP shares were sold and at what price?

Sales were 46,029 shares at $12.04 on 11/06/2025 and 41,553 shares at $12.04 on 11/07/2025.

What is the reporting person’s relationship to NQP?

The reporting person is listed as a 10% Owner of NQP.

How many NQP shares were held after the reported transactions?

After the transactions, the filing shows 4,221,640 shares beneficially owned indirectly.

What type of security was involved?

The transactions involved common stock of NQP.

Was ownership direct or indirect?

Ownership is reported as Indirect (I).
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Saba Capital Management, L.P.

(Last) (First) (Middle)
405 LEXINGTON AVENUE
58TH FLOOR

(Street)
NEW YORK NY 10174

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
NUVEEN PENNSYLVANIA QUALITY MUNICIPAL INCOME FUND [ NQP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
11/06/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/06/2025 S 46,029 D $12.04 4,263,193 I -
Common Stock 11/07/2025 S 41,553 D $12.04 4,221,640 I -
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
Saba Capital Management, L.P. By: Zachary Gindes 11/10/2025
Boaz Weinstein 11/10/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.