Form 4: Saba Capital Management Increases Stake in Nuveen New Jersey Quality Municipal Income Fund

Saba Capital Management, a 10% owner and director in Nuveen New Jersey Quality Municipal Income Fund, reports purchasing 9,550 shares of common stock at $12.22 per share.

Summary

• On March 19, 2024, Saba Capital Management, L.P. acquired 9,550 shares of common stock in Nuveen New Jersey Quality Municipal Income Fund (NXJ) at a price of $12.22 per share.
• Following this transaction, Saba Capital Management's indirect beneficial ownership in NXJ amounts to 5,827,336 shares.
• Boaz Weinstein, also listed as a reporting person, is associated with Saba Capital Management.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, indicating a transaction. It doesn't convey any explicit positive or negative sentiment.

Industry Context

This filing indicates the continued investment interest of Saba Capital Management in Nuveen New Jersey Quality Municipal Income Fund. Such filings are common for entities holding significant positions in publicly traded companies, providing transparency to the market regarding changes in ownership.

Stakeholder Impact

• The increased stake by Saba Capital Management could be viewed positively by shareholders, potentially signaling confidence in the fund's performance.

Key Dates