SCHEDULE: Karpus Management Reports 4.05% Stake in Nuveen NY Muni Fund
Beneficial Ownership Report (Schedule 13G Amendment)
Karpus Management, Inc. has filed an Amendment No. 9 to Schedule 13G, reporting a 4.05% beneficial ownership in Nuveen New York AMT-Free Quality Municipal Income Fund as of December 31, 2025.
Summary
- Karpus Management, Inc. (Karpus), a registered investment adviser, reported beneficial ownership of 3,536,744.00 Common Shares in Nuveen New York AMT-Free Quality Municipal Income Fund.
- This ownership represents 4.05% of the class of securities.
- Karpus holds sole voting power and sole dispositive power over all 3,536,744.00 shares.
- The filing is an Amendment No. 9 to Schedule 13G, indicating previous filings by Karpus regarding this issuer.
- Karpus certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: The filing is a routine regulatory disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance or prospects. It is a factual report of an investment adviser's stake.
Industry Context
Schedule 13G filings provide transparency into significant ownership stakes held by institutional investors in publicly traded companies. These filings are routine disclosures that inform the market about the positions of large asset managers, often indicating their investment strategies and confidence in specific securities. For closed-end funds like Nuveen New York AMT-Free Quality Municipal Income Fund, such disclosures highlight institutional interest in the fund's underlying municipal bond portfolio.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Informational Barrier Disclosure | Karpus Management, Inc. is controlled by City of London Investment Group plc (CLIG), but effective informational barriers have been established between Karpus and CLIG. This ensures that voting and investment power over the subject securities is exercised by Karpus independently of CLIG, and beneficial ownership is not attributed between them. | N/A | This disclosure clarifies the operational independence of Karpus's investment decisions despite its control by CLIG, aligning with regulatory expectations for investment advisers and preventing potential conflicts of interest or undue influence. |
Related Party Transactions
- Karpus Management, Inc. is controlled by City of London Investment Group plc (CLIG). However, due to established informational barriers, beneficial ownership of the reported shares is not attributed between Karpus and CLIG.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake in the fund.
- Market: Offers insight into institutional interest in the Nuveen New York AMT-Free Quality Municipal Income Fund.
Key Dates
| Date | Description |
|---|---|
| 12/31/2025 | Date of event which requires filing of this statement, representing the reporting period end date for ownership calculation. |
| 01/07/2026 | Date of filing and signature by Karpus Management, Inc.'s Chief Compliance Officer. |
Keywords
Karpus Management, Nuveen New York AMT-Free Quality Municipal Income Fund, Schedule 13G, Beneficial Ownership, Investment Adviser, Municipal Bonds, Closed-End Fund
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