Form 4: Saba Capital Management Reports Transaction in Nuveen Pennsylvania Quality Municipal Income Fund
SEC Form 4 Filing
Saba Capital Management reports the sale of 51,202 shares of Nuveen Pennsylvania Quality Municipal Income Fund at $11.91 per share on November 1, 2024.
Summary
- On November 1, 2024, Saba Capital Management, L.P. sold 51,202 shares of Common Stock in Nuveen Pennsylvania Quality Municipal Income Fund (NQP) at a price of $11.91 per share.
- Following the transaction, Saba Capital Management, L.P. indirectly owns 5,097,408 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of a transaction by a major shareholder in a publicly traded company. It provides transparency to the market regarding the trading activities of insiders and significant owners.
Stakeholder Impact
- The sale of shares by a major shareholder like Saba Capital Management could potentially influence the market price of NQP, impacting other shareholders.
Key Dates
| Date | Description |
|---|---|
| 11/01/2024 | Date of transaction: Sale of Common Stock |
| 11/04/2024 | Date of signature for the report |
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