Form 4: Saba Capital Management Reports Transaction in Nuveen New Jersey Quality Municipal Income Fund
SEC Form 4 Filing
Saba Capital Management, a 10% owner of Nuveen New Jersey Quality Municipal Income Fund, reports the sale of 28,303 shares of common stock at a price of $12.04 on March 10, 2025.
Summary
- On March 10, 2025, Saba Capital Management, L.P. sold 28,303 shares of common stock of Nuveen New Jersey Quality Municipal Income Fund (NXJ) at a price of $12.04 per share.
- Following the transaction, Saba Capital Management, L.P. indirectly owns 4,189,337 shares of NXJ.
Sentiment
Score: 5
Explanation: This is a neutral report of a transaction. The sentiment is neither positive nor negative as it simply reflects a change in ownership.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell the company's stock. This filing indicates a change in Saba Capital Management's holdings in Nuveen New Jersey Quality Municipal Income Fund.
Stakeholder Impact
- The sale of shares by a significant shareholder like Saba Capital Management could potentially influence investor sentiment regarding Nuveen New Jersey Quality Municipal Income Fund.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of transaction: Sale of common stock |
| 03/11/2025 | Date of signature by Zachary Gindes and Boaz Weinstein |
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