Wells Fargo Exits Nuveen Pennsylvania Quality Municipal Income Fund Stake Following Reorganization

summarizeSummary

Wells Fargo & Company and its affiliate have ceased to be beneficial owners of Variable Rate Demand Preferred Shares in Nuveen Pennsylvania Quality Municipal Income Fund, following the fund's reorganization into Nuveen Municipal High Income Opportunity Fund.

check_boxKey Events

• Reporting Persons Cease Ownership

  Wells Fargo & Company and Wells Fargo Municipal Capital Strategies, LLC (the 'Reporting Persons') no longer beneficially own Variable Rate Demand Preferred Shares (VRDP Shares) of Nuveen Pennsylvania Quality Municipal Income Fund.

• Reorganization Event

  This cessation of ownership occurred on April 27, 2026, as a result of the Issuer's reorganization into NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND (NMZ).

• Share Exchange Completed

  Wells Fargo Municipal Capital Strategies, LLC exchanged its 2,175 VRDP Shares of the Issuer for an equal number of VRDP Shares of NMZ.

• Amendment No. 10 Filed

  This filing is the tenth amendment to the original Schedule 13D, updating the status of the Reporting Persons' holdings to reflect their complete exit.

auto_awesomeAnalysis

This filing marks a significant change in the ownership structure of Nuveen Pennsylvania Quality Municipal Income Fund, as a major institutional holder, Wells Fargo, has fully exited its position in the fund's Variable Rate Demand Preferred Shares. The exit is not a discretionary sale but a direct consequence of the fund's reorganization into NUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND (NMZ). Investors should note that while this specific fund (NQP) will no longer have Wells Fargo as a beneficial owner of these preferred shares, the underlying assets and investment strategy have transitioned to NMZ. This event concludes Wells Fargo's reporting obligations for NQP under this Schedule 13D.