STOCK TITAN

Toronto Dominion (NYSE: NXJ) reports full exit from Nuveen NJ VRDP stake

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Toronto Dominion entities filed an amendment to update their ownership in Nuveen New Jersey Quality Municipal Income Fund’s Variable Rate Demand Preferred Shares. The issuer redeemed its 810 Series 1 VRDP shares on April 6, 2026, and as a result the reporting persons now hold no VRDP shares and represent 0% of the class.

The amendment also notes that all related voting and financing arrangements tied to these VRDP shares have been terminated, and the reporting persons ceased to be beneficial owners of more than five percent of this security class as of the redemption date.

Positive

  • None.

Negative

  • None.
VRDP shares redeemed 810 shares Series 1 Variable Rate Demand Preferred Shares redeemed on April 6, 2026
TD Investments beneficial ownership 0.00 shares Toronto Dominion Investments LLC post-redemption VRDP holdings
TD Investments ownership percentage 0% Percent of VRDP class represented after redemption
Voting power after redemption 0.00 shares Sole and shared voting power for each reporting person
Redemption date April 6, 2026 Date issuer redeemed Series 1 VRDP shares
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.
redemption financial
"The VRDP Shares were redeemed by the Issuer on April 6, 2026 (the "Redemption")"
Redemption is when an issuer or holder settles a financial instrument by paying it off or returning it for cash, such as a bond being paid at maturity or a preferred share bought back by the company. It matters to investors because redemption changes when and how they get their money back, can cut off future income from the investment, and affects the issuer’s cash needs—think of it like a loan being paid off early or a store refunding a returned purchase.
Schedule 13D regulatory
"This Amendment No. 1 (this "Amendment") amends, as set forth below, the statement on"
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"

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

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FAQ

What did Toronto Dominion disclose in this NXJ Schedule 13D/A amendment?

Toronto Dominion entities disclosed that Nuveen New Jersey Quality Municipal Income Fund redeemed its Variable Rate Demand Preferred Shares, and they now hold no VRDP shares. The amendment formally updates their beneficial ownership to zero and states they no longer own more than five percent of the class.

When were NXJ’s Series 1 Variable Rate Demand Preferred Shares redeemed?

The Series 1 Variable Rate Demand Preferred Shares were redeemed on April 6, 2026. The amendment explains that this redemption eliminated the reporting persons’ holdings in these VRDP shares and ended their status as beneficial owners of more than five percent of the security class.

How many NXJ VRDP shares were affected by the redemption?

The issuer redeemed 810 shares of its Series 1 Variable Rate Demand Preferred Shares. Following this redemption, the Toronto Dominion reporting group reports aggregate beneficial ownership of 0.00 shares, which corresponds to zero percent of that preferred share class outstanding.

What is the current ownership of NXJ VRDP shares by Toronto Dominion entities?

Toronto Dominion entities now report beneficial ownership of 0.00 VRDP shares, representing 0% of the class. They also indicate sole and shared voting and dispositive power are all 0.00, confirming they no longer control or hold any of these preferred shares.

Which entities are listed as reporting persons in the NXJ Schedule 13D/A?

The reporting persons are Toronto Dominion Investments LLC, Toronto Dominion Holdings (U.S.A.), Inc., TD Group US Holdings LLC, and The Toronto-Dominion Bank. Each now reports 0.00 shares beneficially owned and 0% of the class of Variable Rate Demand Preferred Shares.





67069Y409

(CUSIP Number)
TORONTO DOMINION INVESTMENTS
1 Vanderbilt Avenue,
New York, NY, 10017
2128277488

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
04/06/2026

(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).




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SCHEDULE 13D






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SCHEDULE 13D


TORONTO DOMINION INVESTMENTS LLC
Signature:/s/ Christina Petrou
Name/Title:Christina Petrou/Vice President & Chief Operating Officer
Date:04/08/2026
TORONTO DOMINION HOLDINGS (U.S.A.), INC.
Signature:/s/ Christina Petrou
Name/Title:Christina Petrou/Vice President & Chief Operating Officer
Date:04/08/2026
TD GROUP US HOLDINGS LLC
Signature:/s/ Andre Ramos
Name/Title:Andre Ramos/Executive Vice President and Chief Financial Officer TD AMCB
Date:04/08/2026
THE TORONTO-DOMINION BANK
Signature:/s/ Christina Petrou
Name/Title:Christina Petrou/Vice President
Date:04/08/2026