Toronto Dominion (NYSE: NXJ) reports full exit from Nuveen NJ VRDP stake
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.
Key Figures
VRDP shares redeemed: 810 shares
TD Investments beneficial ownership: 0.00 shares
TD Investments ownership percentage: 0%
+2 more
5 metrics
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
Key Terms
Variable Rate Demand Preferred Shares, beneficial owner, redemption, Schedule 13D, +1 more
5 terms
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.
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.
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.