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  4. [Form 4] NUVEEN NEW JERSEY QUALITY MUNICIPAL INCOME FUND Insider Trading Activity

Redemption of 810 preferred shares at Nuveen NJ fund (NYSE: NXJ)

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

NUVEEN NEW JERSEY QUALITY MUNICIPAL INCOME FUND reported a redemption of 810 Variable Rate Demand Preferred Shares that had been beneficially owned by Toronto Dominion Investments LLC, an indirect subsidiary of The Toronto-Dominion Bank. The shares were redeemed by the fund at a redemption price of $100,048.81516 per share, including a $100,000.00 liquidation preference and $48.81516 of accrued dividends. After this transaction, Toronto Dominion Investments LLC no longer holds these preferred shares of the fund.

Positive

  • None.

Negative

  • None.
Insider Toronto Dominion Investments, Inc., TORONTO DOMINION HOLDINGS USA INC, TD GROUP US HOLDINGS LLC, TORONTO DOMINION BANK
Role 10% Owner | 10% Owner | 10% Owner | 10% Owner
Type Security Shares Price Value
Other Variable Rate Demand Preferred Shares 810 $0.00 $0.00
Holdings After Transaction: Variable Rate Demand Preferred Shares — 0 shares (Direct)
Footnotes (3)
  1. F1. The 810 preferred shares reported as disposed of in Table I represent Variable Rate Demand Preferred Shares (the "VRDP Shares") that were beneficially owned by Toronto Dominion Investments LLC ("TDI"). The VRDP Shares were disposed of as a result of a redemption by the Issuer for a redemption price of $100,048.81516 per share (which includes a liquidation preference of $100,000.00 per share and accrued dividends of $48.81516 per share). TDI is a wholly owned indirect subsidiary of The Toronto-Dominion Bank ("TD Bank").
  2. F2. This statement is jointly filed by TD Bank, TDI, Toronto Dominion Holdings (U.S.A.), Inc. ("TDH"), and TD Group US Holdings LLC ("TD GUS"). The Shares were owned directly by TDI. Toronto Dominion Holdings (U.S.A.), Inc. ("TDH") is the sole owner of TDI and TD Group US Holdings LLC ("TD GUS") is the sole owner of TDH. TD Bank is the sole owner of TD GUS. TD Bank, TDH, and TD GUS held an indirect interest in the Shares by virtue of their ownership of TDI.
  3. 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.
Preferred shares redeemed 810 shares Variable Rate Demand Preferred Shares redeemed by the fund
Redemption price per share $100,048.81516 per share Includes liquidation preference and accrued dividends
Liquidation preference $100,000.00 per share Component of the redemption price
Accrued dividends $48.81516 per share Accrued dividends included in redemption price
Shares after transaction 0 shares Toronto Dominion Investments LLC holdings of these preferred shares
Variable Rate Demand Preferred Shares financial
"The 810 preferred shares reported as disposed of in Table I represent Variable Rate Demand Preferred Shares"
redemption price financial
"were disposed of as a result of a redemption by the Issuer for a redemption price of $100,048.81516 per share"
The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.
liquidation preference financial
"which includes a liquidation preference of $100,000.00 per share and accrued dividends"
A liquidation preference is a rule that determines who gets paid first and how much they receive when a company is sold, goes bankrupt, or distributes its assets. It gives certain investors a priority claim—often returning their original investment plus any agreed multiple—before other owners receive money, which shapes how much common shareholders and founders ultimately get; think of it as a front-of-the-line pass that affects payout order and investor returns.
accrued dividends financial
"includes a liquidation preference of $100,000.00 per share and accrued dividends of $48.81516 per share"
Accrued dividends are payments a company owes to shareholders that have been earned or officially declared but not yet paid; think of them as an IOU the company has for past dividend obligations. They matter to investors because they represent a near-term claim on a company’s cash, affect the company’s reported liabilities and value, and can be especially important when assessing income reliability or priority in a payout situation.
Section 13(d) regulatory
"for the purposes of Section 13(d) of the US Securities Exchange Act of 1934 or any other purpose"

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transaction did NXJ disclose in this Form 4?
NXJ disclosed that 810 Variable Rate Demand Preferred Shares beneficially owned by Toronto Dominion Investments LLC were redeemed by the fund. The redemption removed this preferred position, leaving Toronto Dominion Investments LLC with no remaining holdings of these specific preferred shares.

Who held the redeemed preferred shares of NUVEEN NEW JERSEY QUALITY MUNICIPAL INCOME FUND (NXJ)?
The 810 redeemed preferred shares were owned directly by Toronto Dominion Investments LLC. This entity is a wholly owned indirect subsidiary within The Toronto-Dominion Bank group, with higher-tier ownership through TD Group US Holdings LLC and Toronto Dominion Holdings (U.S.A.), Inc.

What was the redemption price for NXJ’s Variable Rate Demand Preferred Shares?
Each Variable Rate Demand Preferred Share was redeemed at a price of $100,048.81516. This amount includes a $100,000.00 liquidation preference per share plus $48.81516 of accrued dividends, reflecting both principal value and accumulated dividend income for the holder.

How many NXJ Variable Rate Demand Preferred Shares were affected in this transaction?
The transaction involved 810 Variable Rate Demand Preferred Shares. These shares were fully redeemed by the fund, and the filing shows that Toronto Dominion Investments LLC’s holdings of this preferred security fell to zero shares following the redemption.

Did Toronto Dominion Investments LLC initiate a market sale of NXJ shares?
No. The filing describes a redemption of 810 preferred shares by the fund, not an open-market sale. The shares were called and redeemed at a defined price, a mechanistic transaction rather than discretionary buying or selling in the secondary market.

What disclaimers did the reporting persons include regarding group status in the NXJ filing?
The reporting persons stated that nothing in the statement should be construed as admitting they are acting as a partnership, syndicate, or group, or as members of any group, for purposes of Section 13(d) or any other purpose relating to NXJ securities.
SEC Form 4
FORM 4UNITED 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
X
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*
Toronto Dominion Investments, Inc.
(Last)(First)(Middle)
909 FANIN
SUITE 1950
(Street)
HOUSTON TEXAS 77010
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
NUVEEN NEW JERSEY QUALITY MUNICIPAL INCOME FUND [ NXJ ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/06/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
XForm filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Variable Rate Demand Preferred Shares04/06/2026J(1)810D(1)(1)0D(2)(3)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
1. Name and Address of Reporting Person*
Toronto Dominion Investments, Inc.
(Last)(First)(Middle)
909 FANIN
SUITE 1950
(Street)
HOUSTON TEXAS 77010
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
TORONTO DOMINION HOLDINGS USA INC
(Last)(First)(Middle)
40 WALL STREET
(Street)
NEW YORK NEW YORK 10003
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
TD GROUP US HOLDINGS LLC
(Last)(First)(Middle)
251 LITTLE FALLS DRIVE
(Street)
WILMINGTON DELAWARE 19808
(City)(State)(Zip)
UNITED STATES
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
1. Name and Address of Reporting Person*
TORONTO DOMINION BANK
(Last)(First)(Middle)
66 WELLINGTON STREET WEST
12TH FLOOR, TD TOWER
(Street)
TORONTO, ONTARIOM5K 1A2
(City)(State)(Zip)
ONTARIO, CANADA
(Country)
Relationship of Reporting Person(s) to Issuer
DirectorX10% Owner
Officer (give title below)Other (specify below)
Explanation of Responses:
1. The 810 preferred shares reported as disposed of in Table I represent Variable Rate Demand Preferred Shares (the "VRDP Shares") that were beneficially owned by Toronto Dominion Investments LLC ("TDI"). The VRDP Shares were disposed of as a result of a redemption by the Issuer for a redemption price of $100,048.81516 per share (which includes a liquidation preference of $100,000.00 per share and accrued dividends of $48.81516 per share). TDI is a wholly owned indirect subsidiary of The Toronto-Dominion Bank ("TD Bank").
2. This statement is jointly filed by TD Bank, TDI, Toronto Dominion Holdings (U.S.A.), Inc. ("TDH"), and TD Group US Holdings LLC ("TD GUS"). The Shares were owned directly by TDI. Toronto Dominion Holdings (U.S.A.), Inc. ("TDH") is the sole owner of TDI and TD Group US Holdings LLC ("TD GUS") is the sole owner of TDH. TD Bank is the sole owner of TD GUS. TD Bank, TDH, and TD GUS held an indirect interest in the Shares by virtue of their ownership of TDI.
3. 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.
Remarks:
Exhibits Index: Exhibit 99.1 - Joint Filing Agreement Exhibit 99.2 - Joint Filer Information
/s/ Christina Petrou on behalf of TORONTO DOMINION INVESTMENTS LLC04/08/2026
/s/ Christina Petrou on behalf of TORONTO DOMINION HOLDINGS (U.S.A.), INC04/08/2026
/s/ Andre Ramos on behalf of TD GROUP US HOLDINGS LLC04/08/2026
/s/ Christina Petrou n behalf of THE TORONTO-DOMINION BANK04/08/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR