SCHEDULE: Karpus Management Cuts Nuveen NY Fund Stake to 7.60%

Karpus Management, Inc. has reduced its beneficial ownership in Nuveen New York AMT-Free Quality Municipal Income Fund to 7.60% as of October 31, 2025, down from 9.97% on September 30, 2025.

Summary

• Karpus Management, Inc. reported beneficial ownership of 6,626,131 common shares, representing 7.60% of Nuveen New York AMT-Free Quality Municipal Income Fund as of October 31, 2025.
• This represents a decrease from the 8,699,281 shares, or 9.97% of the class, beneficially owned by Karpus Management, Inc. as of September 30, 2025.
• Karpus Management, Inc. is a registered investment adviser and exercises sole voting and dispositive power over these shares.
• The shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 4

Explanation: The reduction in a significant institutional stake is generally viewed as a slightly negative signal, indicating a potential decrease in confidence or a reallocation of assets by a major investor.

Negatives

• Karpus Management, Inc. reduced its beneficial ownership in Nuveen New York AMT-Free Quality Municipal Income Fund from 9.97% (8,699,281 shares) as of September 30, 2025, to 7.60% (6,626,131 shares) as of October 31, 2025.

Future Outlook

N/A. This filing is a disclosure of current beneficial ownership and does not provide forward-looking statements or guidance from the issuer or reporting person regarding future performance or strategy.

Industry Context

This Schedule 13G filing reflects a change in institutional ownership, a common occurrence in the investment management industry where advisers adjust portfolio holdings based on market conditions, fund mandates, or investment strategies. Such filings provide transparency into significant stakes held by large investors in publicly traded companies and funds.

Stakeholder Impact

• Shareholders: A reduction in a significant institutional holding might lead to concerns about the fund's future performance or valuation, potentially influencing other investors' decisions.

Key Dates

Keywords

Nuveen New York AMT-Free Quality Municipal Income Fund, Karpus Management Inc., Schedule 13G, Beneficial Ownership, Institutional Ownership, Investment Adviser, Closed-End Fund, Municipal Bonds