Form 4: Saba Capital Management Reports Transaction in Nuveen New Jersey Quality Municipal Income Fund

Saba Capital Management, a 10% owner of Nuveen New Jersey Quality Municipal Income Fund, reports the disposition of 9,088 shares of common stock.

Summary

• On February 12, 2025, Saba Capital Management, L.P., disposed of 9,088 shares of common stock in Nuveen New Jersey Quality Municipal Income Fund (NXJ) at a price of $12.12 per share.
• Following the transaction, Saba Capital Management beneficially owns 4,516,038 shares indirectly.
• Boaz Weinstein, also associated with Saba Capital Management, is listed as a reporting person.
• The transaction was reported on February 13, 2025.

Sentiment

Score: 5

Explanation: This is a neutral report of a transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders (10% owners) of a publicly traded company buy or sell shares in that company. This provides transparency to the market regarding the actions of those with potential inside knowledge.

Key Dates

Keywords

Form 4, Saba Capital Management, Nuveen New Jersey Quality Municipal Income Fund, NXJ, Beneficial Ownership, Transaction