Saba reports 6.14% stake in Nuveen PA muni fund
Saba Capital Management and affiliates have updated their ownership filing for Nuveen Pennsylvania Quality Municipal Income Fund.
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Rhea-AI Filing Summary
Saba Capital Management and affiliates have updated their ownership filing for Nuveen Pennsylvania Quality Municipal Income Fund. Amendment No. 17 to Schedule 13D reports that Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein beneficially own 2,283,826 common shares, representing 6.14% of the fund’s outstanding common shares.
The percentage is based on 37,217,802 common shares outstanding as of August 31, 2025, as disclosed in the fund’s N-CSR. Approximately $25,321,120 was paid to acquire the reported shares, using investor subscription proceeds, capital appreciation, and ordinary-course margin borrowings. The filing notes that all trades during the recent period through January 21, 2026 were executed in the open market and that Saba-advised funds and accounts are entitled to dividends and sale proceeds from these shares.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake in Nuveen Pennsylvania Quality Municipal Income Fund (NQP) does Saba Capital report?
How was Saba Capital’s percentage ownership in NQP calculated?
Who are the reporting persons in this NQP Schedule 13D/A filing?
What trading activity in NQP does this Schedule 13D/A cover?
Which entities receive dividends and sale proceeds from Saba’s NQP holdings?
AI-generated analysis. How Rhea-AI works. Not financial advice.