NQP
Nuveen Pennsylvania Quality Municipal Income Fund12.04
+0.00+0%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
448.10MP/E (TTM)
-Basic EPS (TTM)
-0.92Dividend Yield
0.08%Recent Filings
8-K
By-laws amend removes control provisions
Nuveen Pennsylvania Quality Municipal Income Fund eliminated its suspended 'control share' provisions from the by-laws on February 28, 2024, effective immediately via board adoption. Previously suspended since February 24, 2022, these provisions had limited shareholder voting power on control acquisitions. The change simplifies governance without altering other by-law terms. No impact on operations disclosed.
8-K
Board consolidation announced
Nuveen Pennsylvania Quality Municipal Income Fund announced board consolidation across its fund complex on October 13, 2023, effective January 1, 2024, to streamline operations and cut costs for shareholders. The board shrinks to 12 members, appointing four independent trustees from TIAA-CREF funds—Joseph A. Boateng, Michael A. Forrester, Thomas J. Kenny, and Loren M. Starr—while Jack B. Evans and William C. Hunter retire December 31. This unification promises efficiencies in vendor negotiations and marketing, yet demands smooth integration.
8-K
Suspends control share by-law
On February 24, 2022, the Board of Trustees of Nuveen Pennsylvania Quality Municipal Income Fund amended its by-laws to suspend the control share provision, following a U.S. District Court ruling on February 18 that invalidated it under the 1940 Act. The amendment halts the provision's effect while the judgment stands, with automatic reinstatement if the Board prevails on appeal, which it intends to pursue. This shields shareholders from hedge fund influence. Boards act to protect long-term value.
8-K
By-Laws tighten shareholder notices
On October 5, 2020, Nuveen Pennsylvania Quality Municipal Income Fund's Board adopted amended and restated By-Laws, tightening advance notice deadlines for 2021 shareholder proposals and nominations. These changes, part of a broader update across multiple Nuveen closed-end funds, aim to shield long-term shareholders from short-term opportunistic influences. A new Control Share provision requires shareholder approval for voting rights on stakes exceeding 10% of voting power. Boards guard against activist takeovers.
8-K
Nuveen funds cap AMT exposure
On August 5, 2016, Nuveen Pennsylvania Investment Quality Municipal Fund and numerous other Nuveen closed-end municipal funds revised their investment policies to cap exposure to AMT-subject securities at 20% of managed assets, replacing prior no-limits or 30% thresholds. This uniform change aligns the portfolio with broader Nuveen standards, potentially shielding more income from federal alternative minimum tax for investors. Boards can adjust without shareholder notice. Yet uniformity simplifies management.
IPO
Sector
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NEA
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