Wells Fargo entities give up NXJ VRDP stake after NMZ fund reorg (NYSE: NXJ)

Rhea-AI Filing Summary

Wells Fargo & Company and its affiliate Wells Fargo Municipal Capital Strategies, LLC have amended their ownership report for Nuveen New Jersey Quality Municipal Income Fund variable rate demand preferred shares.

Following the April 27, 2026 reorganization of the fund into Nuveen Municipal High Income Opportunity Fund (NMZ), Capital Strategies exchanged its 2,329 VRDP Shares of the issuer (CUSIPs 67069Y607 and 67069Y706) for an equal number of NMZ VRDP shares. As a result, the reporting persons now beneficially own 0 shares of this class, representing 0% of the securities, and have ceased to be beneficial owners of more than five percent of the class. All voting and financing arrangements related to these VRDP Shares have been terminated.

Key Figures

VRDP Shares Exchanged: 2,329 shares Current NXJ VRDP Holdings: 0.00 shares Percent of NXJ VRDP Class: 0% +3 more

6 metrics

VRDP Shares Exchanged 2,329 shares Capital Strategies’ VRDP Shares of NXJ exchanged into NMZ on April 27, 2026

Current NXJ VRDP Holdings 0.00 shares Beneficially owned by each reporting person after the reorganization

Percent of NXJ VRDP Class 0% Percent of variable rate demand preferred shares owned post-reorganization

Date of Reorganization April 27, 2026 Effective date when NXJ reorganized into Nuveen Municipal High Income Opportunity Fund

CUSIPs of NXJ VRDP 67069Y607 and 67069Y706 CUSIP numbers for the issuer’s VRDP Shares exchanged into NMZ

CUSIP of NMZ VRDP 670682855 CUSIP for Nuveen Municipal High Income Opportunity Fund VRDP Shares received

Key Terms

Variable Rate Demand Preferred Shares, beneficial owner, Reorganization, Schedule 13D, +2 more

6 terms

Variable Rate Demand Preferred Shares financial

"Title of Class of Securities: Variable Rate Demand Preferred Shares"

beneficial owner financial

"the Reporting Persons ceased to be the beneficial owner of more than five percent"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

Reorganization financial

"as a result of the Reorganization of the Issuer into NMZ"

Schedule 13D regulatory

"amends, as set forth below, the statement on , dated November 17, 2016"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

voting arrangements financial

"All voting arrangements and financing arrangements relating to the VRDP Shares have been terminated"

Limited Power of Attorney regulatory

"99.2 Limited Power of Attorney"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/29/2026 - 04:09 PM Learn about SEC filing dates

FAQ

What does this Schedule 13D amendment mean for Nuveen New Jersey Quality Municipal Income Fund (NXJ)?

The amendment shows Wells Fargo entities no longer own NXJ’s variable rate demand preferred shares. Their 2,329 VRDP Shares were exchanged into Nuveen Municipal High Income Opportunity Fund (NMZ) VRDP shares during an April 27, 2026 reorganization, ending their more-than-5% beneficial ownership in this class.

How many Nuveen New Jersey Quality Municipal Income Fund VRDP shares were exchanged by Wells Fargo?

Wells Fargo Municipal Capital Strategies, LLC exchanged 2,329 variable rate demand preferred shares of the fund. These shares, under CUSIPs 67069Y607 and 67069Y706, were converted into an equal number of VRDP shares of Nuveen Municipal High Income Opportunity Fund (NMZ) as part of the April 27, 2026 reorganization.

Do Wells Fargo & Company and its affiliate still own any NXJ preferred shares after the reorganization?

No. After the April 27, 2026 reorganization into NMZ, the reporting persons beneficially own 0.00 NXJ variable rate demand preferred shares. This represents 0% of that class, so they are no longer considered beneficial owners of more than five percent of these securities.

What is the reason Wells Fargo filed Amendment No. 5 related to NXJ’s VRDP shares?

Amendment No. 5 reflects the reorganization of Nuveen New Jersey Quality Municipal Income Fund into Nuveen Municipal High Income Opportunity Fund on April 27, 2026. It records that 2,329 VRDP Shares were exchanged for NMZ VRDP Shares and that Wells Fargo’s entities no longer hold NXJ VRDP securities.

What happened to voting and financing arrangements tied to NXJ VRDP shares?

All voting and financing arrangements related to Nuveen New Jersey Quality Municipal Income Fund’s variable rate demand preferred shares were terminated. This termination occurred as a result of the reorganization and the exchange of 2,329 VRDP Shares into corresponding Nuveen Municipal High Income Opportunity Fund VRDP Shares held instead of NXJ shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 5)

NUVEEN NEW JERSEY QUALITY MUNICIPAL INCOME FUND

(Name of Issuer)

Variable Rate Demand Preferred Shares

(Title of Class of Securities)

67069Y607 (CUSIP Number) 67069Y706 (CUSIP Number)

Vera Gurova, Senior Counsel
Wells Fargo & Company, 401 South Tryon Street
Charlotte, NC, 28202
(704) 339-2335

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

04/27/2026

(Date of Event Which Requires Filing of This Statement)

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).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 67069Y607, 67069Y706

1

Name of reporting person

Wells Fargo & Company

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person:

Shares reported include both shares of the CUSIP 67069Y607 listed on the cover page, and of CUSIP 67069Y706.

SCHEDULE 13D

CUSIP Number(s): 67069Y607, 67069Y706

1

Name of reporting person

Wells Fargo Municipal Capital Strategies, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Shares reported include both shares of the CUSIP 67069Y607 listed on the cover page, and of CUSIP 67069Y706.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Variable Rate Demand Preferred Shares
(b)	Name of Issuer: NUVEEN NEW JERSEY QUALITY MUNICIPAL INCOME FUND
(c)	Address of Issuer's Principal Executive Offices: 333 W WACKER DRIVE, Chicago, ILLINOIS , 60606.
Item 1 Comment: This Amendment No. 5 (this "Amendment") amends, as set forth below, the statement on Schedule 13D, dated November 17, 2016 and filed with the SEC on November 21, 2016 (the "Original Schedule 13D"), as amended by Amendment No. 1 dated November 17, 2017 and filed with the SEC on November 17, 2017 ("Amendment No. 1"), as amended by Amendment No. 2 dated October 1, 2018 and filed with the SEC on October 2, 2018 ("Amendment No. 2"), as amended by Amendment No. 3 dated November 15, 2018 and filed with the SEC on November 16, 2018 ("Amendment No. 3"), and as amended by Amendment No. 4 dated November 13, 2020 and filed with the SEC on November 17, 2020 ("Amendment No. 4"), for Wells Fargo & Company ("Wells Fargo") and Wells Fargo Municipal Capital Strategies, LLC ("Capital Strategies") (collectively, the "Reporting Persons") with respect to certain preferred shares of Nuveen New Jersey Quality Municipal Income Fund (the "Issuer"). This Amendment is being filed as a result of the reorganization of the Issuer into NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND ("NMZ") on April 27, 2026 (the "Reorganization") pursuant to which Capital Strategies exchanged its 2,329 VRDP Shares of the Issuer (CUSIP No. 67069Y607 and CUSIP No. 67069Y706) for an equal number of VRDP Shares of NMZ (CUSIP No. 670682855).
Item 2.	Identity and Background
(c)	Item 2 of the Original Schedule 13D is hereby amended by deleting Schedule I and Schedule II referenced therein and replacing them with Schedule I and Schedule II included with this Amendment and attached as an Exhibit hereto.
(d)	Item 2 of the Original Schedule 13D is hereby amended by deleting Schedule I and Schedule II referenced therein and replacing them with Schedule I and Schedule II included with this Amendment and attached as an Exhibit hereto.
(e)	Item 2 of the Original Schedule 13D is hereby amended by deleting Schedule I and Schedule II referenced therein and replacing them with Schedule I and Schedule II included with this Amendment and attached as an Exhibit hereto.
(f)	Item 2 of the Original Schedule 13D is hereby amended by deleting Schedule I and Schedule II referenced therein and replacing them with Schedule I and Schedule II included with this Amendment and attached as an Exhibit hereto.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 of the Original Schedule 13D is hereby amended by adding the following paragraph at the end thereof: "In connection with the Reorganization of the Issuer into NMZ, Capital Strategies exchanged its 2,329 VRDP Shares of the Issuer (CUSIP No. 67069Y607 and CUSIP No. 67069Y706) for an equal number of VRDP Shares of NMZ (CUSIP No. 670682855). As a result of the Reorganization, the Reporting Persons no longer own any VRDP Shares of the Issuer."
Item 4.	Purpose of Transaction
	Item 4 of the Original Schedule 13D is hereby amended by adding the following paragraph at the end thereof: "As a result of the Reorganization, the Reporting Persons no longer own any VRDP Shares of the Issuer."
Item 5.	Interest in Securities of the Issuer
(d)	Item 5(d) of the Original Schedule 13D is hereby amended by deleting paragraph (d) therein and replacing it in its entirety with the following: "(d) Not applicable."
(e)	Item 5(e) of the Original Schedule 13D is hereby amended by deleting paragraph (e) therein and replacing it in its entirety with the following: "(e) On April 27, 2026, as a result of the Reorganization, the Reporting Persons ceased to be the beneficial owner of more than five percent of the class of securities."
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Item 6 of the Original Schedule 13D is hereby deleted and replaced in its entirety with the following: "The responses of the Reporting Persons under Item 3 and Item 4 hereof are incorporated herein by reference. All voting arrangements and financing arrangements relating to the VRDP Shares have been terminated as a result of the Reorganization of the VRDP Shares."
Item 7.	Material to be Filed as Exhibits.
	Item 7 of the Original Schedule 13D is hereby amended by deleting Exhibit 99.1 and Exhibit 99.2 thereto and inserting the following exhibits in their place: "Exhibit Description of Exhibit 99.1 Joint Filing Agreement 99.2 Limited Power of Attorney" Item 7 of the Original Schedule 13D is hereby further amended by adding the following Exhibit to the listings of exhibits to be attached to this Schedule 13D: "Exhibit Description of Exhibit 99.11 Amended and Restated Schedule I and Schedule II"

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Wells Fargo & Company

Signature:	/s/ Patricia Arce
Name/Title:	Patricia Arce, Designated Signer
Date:	04/29/2026

Wells Fargo Municipal Capital Strategies, LLC

Signature:	/s/ Daniel Frizsell
Name/Title:	Daniel Frizsell, Vice President
Date:	04/29/2026

Comments accompanying signature:

Please note that Item 2 of the Original Schedule 13D is hereby amended by deleting Schedule I and Schedule II referenced therein and replacing them with the amended and restated Schedule I and Schedule II attached to this Amendment.