NZF Trustee Robert Young Exits Entire 16,131-Share Stake for $17.6M
NZF is trading near its 52-week low of $10.45 (5.3% above the low).
Summary
Trustee Robert L. Young sold his entire 16,131-share stake for $17.63M, ending his direct ownership — the second NZF trustee full exit in the same week.
Key Events · Ownership and Investor Activity · NZF
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Trustee Fully Exits Position
Robert L. Young disposed of all 16,131 directly held shares on 2026-10-16, leaving zero shares owned.
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Sale Value $17.63M
A single open-market sale was reported at $1,093.00 per share for total proceeds of $17,631,183 — a per-share figure far above the $11.00 market price that does not reconcile with a standard common-share trade.
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Second Trustee Exit This Week
The sale follows trustee Terence J. Toth selling his entire 6,677 shares for $71,811 on 2026-10-16, making two full trustee exits in the same week.
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Filed Under Power of Attorney
The signature was executed by Mark L. Winget under a power of attorney dated May 20, 2025, rather than by the reporting owner directly.
Analysis · NZF · Unknown
A trustee has liquidated his entire position — 16,131 shares for $17.63M, leaving zero direct holdings. This is a complete exit, not a trim, and it follows trustee Terence Toth selling his entire 6,677 shares for $71,811 on 2026-10-16. Two trustees fully exiting within days is a pattern worth noting for a closed-end municipal fund. That said, the reported per-share figure of $1,093 is far above the $11.00 market price and does not reconcile with a normal common-share trade, so the economics of the transaction should be read with that discrepancy in mind.
How filings like this one have moved
In the 30 days to Oct 20, 2026, 29.2% of the 1466 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NZF was trading at $11.00 on NYSE in the Unknown sector, with a market capitalization of approximately $2.1B. The 52-week trading range was $10.45 to $13.02. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.