Form 4: Wells Fargo Subsidiary Disposes of Nuveen Quality Municipal Income Fund Shares in Redemption

Wells Fargo Municipal Capital Strategies, LLC disposed of 500 shares of Nuveen Quality Municipal Income Fund preferred shares due to a redemption by the issuer.

Summary

• Wells Fargo & Company, along with its subsidiary Wells Fargo Municipal Capital Strategies, LLC, filed a Form 4 with the SEC.
• The filing reports a transaction where Wells Fargo Municipal Capital Strategies, LLC disposed of 500 MuniFund Preferred Shares of Nuveen Quality Municipal Income Fund (NAD) on July 1, 2024.
• The disposal was a result of a redemption by the issuer at a price of $100,000.00 per share, including liquidation preference and accrued dividends.
• Following the transaction, Wells Fargo indirectly owns 3,838 shares through its subsidiary.
• The filing includes a joint filing agreement and information about the joint filer, Wells Fargo Municipal Capital Strategies, LLC.

Sentiment

Score: 5

Explanation: The document reports a routine transaction (redemption of shares) and doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders, providing transparency to the market.

Key Dates