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Saba Capital boosts Nuveen Pennsylvania Quality (NQP) holdings to 6.14%

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

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.

Positive

  • None.

Negative

  • None.





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




Comment for Type of Reporting Person:
The percentages used herein are calculated based upon 37,217,802 shares of common stock outstanding as of 8/31/25, as disclosed in the company's N-CSR filed 11/6/25.


SCHEDULE 13D




Comment for Type of Reporting Person:
The percentages used herein are calculated based upon 37,217,802 shares of common stock outstanding as of 8/31/25, as disclosed in the company's N-CSR filed 11/6/25.


SCHEDULE 13D




Comment for Type of Reporting Person:
The percentages used herein are calculated based upon 37,217,802 shares of common stock outstanding as of 8/31/25, as disclosed in the company's N-CSR filed 11/6/25.


SCHEDULE 13D


Saba Capital Management, L.P.
Signature:/s/ Michael D'Angelo
Name/Title:General Counsel
Date:01/22/2026
Boaz R. Weinstein
Signature:/s/ Michael D'Angelo
Name/Title:Authorized Signatory
Date:01/22/2026
Saba Capital Management GP, LLC
Signature:/s/ Michael D'Angelo
Name/Title:Attorney-in-fact*
Date:01/22/2026
Comments accompanying signature:
Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823

FAQ

What stake in Nuveen Pennsylvania Quality Municipal Income Fund (NQP) does Saba Capital report?

The filing shows that the reporting persons beneficially own 2,283,826 common shares of Nuveen Pennsylvania Quality Municipal Income Fund, representing 6.14% of the outstanding common shares.

How was Saba Capital’s percentage ownership in NQP calculated?

The 6.14% ownership is calculated using 37,217,802 common shares outstanding as of August 31, 2025, as disclosed in the fund’s N-CSR filed on November 6, 2025.

How much did Saba Capital pay to acquire its NQP common shares?

The filing states that a total of approximately $25,321,120 was paid to acquire the common shares reported as beneficially owned.

What were the sources of funds for Saba Capital’s NQP share purchases?

Funds came from subscription proceeds from investors, capital appreciation on those investments, and margin account borrowings made in the ordinary course of business.

Who are the reporting persons in this NQP Schedule 13D/A filing?

The reporting persons are Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein, who jointly file this Amendment No. 17.

What trading activity in NQP does this Schedule 13D/A cover?

The filing references transactions in NQP common shares from the prior amendment on January 15, 2026 through January 21, 2026, noting that all such trades were completed in the open market and listed in Schedule A.

Which entities receive dividends and sale proceeds from Saba’s NQP holdings?

The filing states that the funds and accounts advised by Saba Capital have the right to receive dividends and proceeds of sales from the common shares.
Nuveen PA Quality Muni Inc

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