Form 4: Saba Capital Management Increases Stake in Nuveen Pennsylvania Quality Municipal Income Fund

Saba Capital Management, along with Boaz Weinstein, reports an increase in their beneficial ownership of Nuveen Pennsylvania Quality Municipal Income Fund shares following a recent transaction.

Summary

• On May 3, 2024, Saba Capital Management acquired 1,234 shares of Nuveen Pennsylvania Quality Municipal Income Fund (NQP) at a price of $11.65 per share.
• Following this transaction, Saba Capital Management's indirect beneficial ownership amounts to 5,162,531 shares.
• Boaz Weinstein is also listed as a reporting person, indicating his involvement with Saba Capital Management's investment activities.
• The filing indicates that Saba Capital Management is a 10% owner and Boaz Weinstein is a director.

Sentiment

Score: 5

Explanation: This is a neutral report of a transaction. It doesn't inherently indicate positive or negative sentiment, just a change in ownership.

Industry Context

Hedge funds and investment firms frequently adjust their holdings in publicly traded companies, and these changes are reported through SEC filings like Form 4. This filing indicates Saba Capital Management's ongoing interest in Nuveen Pennsylvania Quality Municipal Income Fund.

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