[SCHEDULE 13D/A] NUVEEN PENNSYLVANIA QUALITY MUNICIPAL INCOME FUND SEC Filing
Saba Capital Management, L.P. and affiliates filed Amendment No. 13 to their Schedule 13D for Nuveen Pennsylvania Quality Municipal Income Fund (NQP). The group, including Saba Capital Management GP, LLC and Boaz R. Weinstein, reports beneficial ownership of 3,869,727 common shares, representing 10.4% of the fund’s outstanding common stock, based on 37,217,802 shares outstanding as of 8/31/25. Approximately $42,904,242 was paid to acquire these shares, funded by investor subscriptions, capital appreciation, and ordinary-course margin borrowings. All recent trades triggering this amendment were open-market transactions between 11/10/25 and 11/14/25, listed in Schedule A.
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FAQ
What did Saba Capital disclose in this Schedule 13D/A filing for NQP?
Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein jointly reported beneficial ownership of 3,869,727 common shares of Nuveen Pennsylvania Quality Municipal Income Fund, representing 10.4% of the outstanding common stock.
How large is Saba Capital’s ownership stake in NQP as a percentage of shares outstanding?
The reporting group states that it beneficially owns 10.4% of NQP’s common stock, calculated using 37,217,802 shares outstanding as of 8/31/25, as disclosed in the fund’s N-CSR filed 11/6/25.
How many Nuveen Pennsylvania Quality Municipal Income Fund shares does Saba Capital report owning?
The filing reports beneficial ownership of 3,869,727 common shares of Nuveen Pennsylvania Quality Municipal Income Fund, with shared voting and shared dispositive power over this entire amount and no sole voting or dispositive power.
How much did Saba Capital pay to acquire its NQP position?
The reporting persons disclose that a total of approximately $42,904,242 was paid to acquire the 3,869,727 common shares of NQP referenced in the Schedule 13D/A.
What was the source of funds for Saba Capital’s NQP share purchases?
According to the filing, funds used came from subscription proceeds from investors, capital appreciation on those investments, and margin account borrowings in the ordinary course of business, with the positions in the margin accounts pledged as collateral.
Who are the reporting persons in the NQP Schedule 13D/A Amendment No. 13?
The amendment is jointly filed by Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein. Saba Capital acts as investment manager, Saba GP is its general partner, and Mr. Weinstein is managing member of the general partner of Saba Capital and affiliated entities.
What recent trading activity in NQP does the Schedule 13D/A reference?
The filing states that all transactions in NQP common shares from the prior amendment filed on 11/10/25 through 11/14/25, the event date for this amendment, were open-market transactions, and these trades are detailed in Schedule A (Exhibit 6).