Nuveen Pennsylvania Quality Municipal Income Fund Announces Saba Capital Management Sale

Nuveen Pennsylvania Quality Municipal Income Fund (NQP) has announced that Saba Capital Management, L.P., a 10% owner, has sold 2036 shares at a price of $11.13 per share on July 10, 2025.

Nuveen Pennsylvania Quality Municipal Income Fund (NQP) has experienced a significant transaction involving its major shareholder, Saba Capital Management, L.P. According to a recently filed SEC Form 4, Saba Capital Management, L.P., a 10% owner of NQP, sold 2036 shares of the fund on July 10, 2025, at a price of $11.13 per share.

The transaction, reported under SEC Form 4, provides a detailed account of the sale. The form indicates that Saba Capital Management, L.P. sold 2036 shares, which is a substantial portion of its holding in NQP. The sale was executed on July 10, 2025, and the shares were sold at a price of $11.13 per share.

This transaction comes amid broader market conditions and strategic moves by Saba Capital Management, L.P. In a separate announcement, Saba Capital Management, L.P. reached agreements with Eaton Vance Management to commence cash tender offers for up to 60%, 50%, and 50% of the outstanding shares of common stock in Eaton Vance Senior Income Trust, Eaton Vance Floating-Rate Income Trust, and Eaton Vance Senior Floating-Rate Trust, respectively [2].

The impact of this sale on NQP's share price and overall performance remains to be seen. Investors and financial professionals will closely monitor the fund's performance and any subsequent market reactions.

References:
[1] https://www.stocktitan.net/sec-filings/NQP/form-4-nuveen-pennsylvania-quality-municipal-income-fund-insider-trad-3b2ac4b62bb5.html
[2] https://www.businesswire.com/news/home/20210512005965/en/Saba-Capital-Reaches-Agreements-With-Three-Eaton-Vance-Closed-End-Funds