Nuveen Pennsylvania Quality Municipal Income Fund's Saba Capital Management Sells 8505 Shares

Nuveen Pennsylvania Quality Municipal Income Fund (NQP) has announced that Saba Capital Management, L.P., a 10% owner, has recently sold 8,505 shares at a price of $11.05 per share on August 6, 2025.

Nuveen Pennsylvania Quality Municipal Income Fund (NQP) has seen a significant change in its shareholder composition following a recent transaction involving Saba Capital Management, L.P. On August 6, 2025, Saba Capital Management sold 8,505 shares of NQP at a price of $11.05 per share [3]. This sale was reported in a Form 4 filing submitted to the U.S. Securities and Exchange Commission (SEC).

Saba Capital Management, L.P., which owns 10% of NQP, has been a significant player in the fund's governance and investment strategy. The sale of these shares by Saba is likely a strategic move aimed at managing its portfolio or rebalancing its investments. The transaction did not result in any immediate changes to the fund's operations or management structure, but it does indicate a shift in the ownership dynamics of NQP.

The sale of shares by Saba follows the fund's declaration of a $0.078 dividend per share for August 2025, which is part of the fund's monthly dividend distribution plan [2]. This dividend is a significant source of income for the fund's shareholders and highlights the fund's commitment to providing a steady income stream.

As of July 2, 2025, the fund's forward yield is 8.56%, making it an attractive option for investors seeking a high level of current income [2]. The fund's investment strategy focuses on providing investors with a high level of current income, with a secondary goal of capital appreciation [4].

Investors should closely monitor the fund's performance and any future changes in its shareholder composition, as these factors can significantly impact the fund's investment returns and risk profile. The fund's annual or semiannual reports will provide detailed information on the source of its distributions and any changes in its investment strategy.

References:
[1] https://www.stocktitan.net/news/EVM/saba-capital-reaches-agreements-with-the-eaton-vance-california-d44qpei5ttzk.html
[2] https://seekingalpha.com/news/4478461-nuveen-pennsylvania-quality-municipal-income-fund-declares-0_078-dividend
[3] https://www.streetinsider.com/SEC+Filings/Form+4+NUVEEN+PENNSYLVANIA+QUAL+For%3A+Aug+06+Filed+by%3A+Saba+Capital+Management%2C+L.P./25164870.html
[4] https://www.marketscreener.com/news/saba-capital-income-opportunities-fund-dividend-release-ce7c5fd3dc8af726