4/A: Saba Capital Sells 44,915 Shares of Nuveen New Jersey Quality Municipal Income Fund

Saba Capital Management, L.P. sold 44,915 shares of Nuveen New Jersey Quality Municipal Income Fund at $12.08 per share on January 6, 2025, reducing their holdings to 5,155,126 shares.

Summary

• Saba Capital Management, L.P. sold 44,915 shares of Nuveen New Jersey Quality Municipal Income Fund (NXJ) on January 6, 2025.
• The shares were sold at a price of $12.08 each.
• Following the transaction, Saba Capital Management, L.P. beneficially owns 5,155,126 shares of NXJ.
• This transaction was initially reported incorrectly as a purchase and this amended filing corrects that error.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding a share sale, and does not indicate any positive or negative sentiment.

Industry Context

This is a standard SEC Form 4 filing, which is required when a significant shareholder changes their ownership in a publicly traded company. It is common for investment firms like Saba Capital to adjust their holdings in various funds.

Comparison to Industry Standards

• Form 4 filings are a standard part of regulatory compliance for significant shareholders in publicly traded companies.
• The transaction is not unusual for an investment firm like Saba Capital, which actively manages its portfolio.
• The size of the transaction is relatively small compared to the total holdings of Saba Capital in NXJ.

Stakeholder Impact

• The sale of shares by Saba Capital may have a minor impact on the share price of NXJ, but is unlikely to be significant given the relatively small size of the transaction compared to the total shares outstanding.

Key Dates

Keywords

Saba Capital Management, Nuveen New Jersey Quality Municipal Income Fund, NXJ, share sale, beneficial ownership, Form 4, SEC filing