Form 4: Saba Capital Management Increases Stake in Nuveen Pennsylvania Quality Municipal Income Fund
SEC Form 4
Saba Capital Management, a 10% owner and director in Nuveen Pennsylvania Quality Municipal Income Fund, reports purchasing 8,068 shares of common stock at $12 per share.
Summary
- On May 15, 2024, Saba Capital Management, L.P. acquired 8,068 shares of common stock in Nuveen Pennsylvania Quality Municipal Income Fund (NQP) at a price of $12 per share.
- Following this transaction, Saba Capital Management's indirect beneficial ownership in NQP amounts to 5,170,599 shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of stock purchase, indicating continued investment but not necessarily a strong positive or negative signal.
Industry Context
This filing indicates the continued investment interest of Saba Capital Management in Nuveen Pennsylvania Quality Municipal Income Fund, which could reflect their outlook on the municipal bond market or the fund's specific strategy.
Stakeholder Impact
- The increased stake by Saba Capital Management could be viewed positively by shareholders, potentially signaling confidence in the fund's performance.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Saba Capital Management purchased 8,068 shares of NQP at $12 per share. |
| 05/17/2024 | Date of signature for William Manzolillo and Boaz Weinstein. |
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