This is a routine administrative filing reflecting a scheduled redemption of preferred shares. No change in activist intent or strategy is indicated. Monitor for any future amendments that might signal a shift in the reporting persons' investment thesis or engagement with the fund.
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Executive Summary
Bank of America Corporation and its subsidiary Banc of America Preferred Funding Corp filed Amendment No. 16 to their Schedule 13D for Nuveen Quality Municipal Income Fund (NAD), reporting a reduction in their beneficial ownership of the fund's adjustable rate munifund term preferred (AMTP) shares following a redemption by the issuer. The filing is administrative in nature, reflecting a decrease in the reporting persons' stake due to the redemption of 500 AMTP shares held by BAPFC on October 5, 2026, and a corresponding reduction in total outstanding preferred shares.
Key Financial Metrics
Key Facts
- Bank of America Corporation and Banc of America Preferred Funding Corp filed Amendment No. 16 to Schedule 13D for Nuveen Quality Municipal Income Fund (NAD).
- The amendment reports a decrease in beneficial ownership due to the redemption of 500 AMTP shares held by the Reporting Persons on October 5, 2026.
- The total outstanding preferred shares decreased from 14,776 to 14,276 as a result of the redemption of 500 shares by the Reporting Persons and 500 MuniFund Preferred Shares not held by the Reporting Persons.
- The Reporting Persons now own 7,495 AMTP shares.
- The filing updates Schedules I and II and includes a new Joint Filing Agreement dated October 5, 2026.
Financial Impact
Reduction of 500 AMTP shares held by the Reporting Persons; total outstanding preferred shares reduced by 1,000 to 14,276. No dollar value for the redemption price is stated in the filing.
Risk Factors
- No material risks identified from this filing alone.
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0000070858-26-000474 |
| Document: 0000070858-26-000474-index-headers.html | 0000070858-26-000474 |
| Document: 0000070858-26-000474-index.html | 0000070858-26-000474 |
| Document: 0000070858-26-000474.txt | 0000070858-26-000474 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | Insider Cluster | $10.32 | awaiting T+5 | — | $10.58 (+2.52%) |
Oct 16, 2026 11d ago | Insider Buy | $10.36 $10.57 | ▲ +2.03% | ▲ +2.17% | $10.58 (+2.12%) |
Oct 5, 2026 22d ago | SC 13D/A | $10.16 $10.25 | ▲ +0.89% | ▲ +1.02% | $10.58 (+4.13%) |
Sep 25, 2026 4w ago | SC 13D/A | $10.10 $10.28 | ▲ +1.78% | ▲ +2.00% | $10.58 (+4.75%) |
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