SEC Form 4 · accession 0000899243-18-002423
Nuveen California Quality Municipal Income Fund · NAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
WELLS FARGO & COMPANY/MN
10% Owner
Period of report
Jan 29, 2018
Accepted (ET)
Jan 31, 2018 · 5:45 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001074952
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Variable Rate MuniFund Term Preferred SharesF1,F3,F4 | Jan 29, 2018 | J | 1,450 | — | D | 0 | I | By Subsidiary |
| MuniFund Preferred SharesF1,F3,F4 | Jan 29, 2018 | J | 3,200 | — | A | 3,200 | I | By Subsidiary |
| Variable Rate Demand Preferred SharesF2,F3,F4 | holding | — | — | — | 1,600 | I | By Subsidiary |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The disposition of shares occurred pursuant to a Purchase and Exchange Agreement among the Nuveen California Quality Municipal Income Fund (the "Issuer") and Wells Fargo Municipal Capital Strategies, LLC ("Capital Strategies") pursuant to which Captial Strategies exchanged 1,450 existing Variable Rate MuniFund Term Preferred Shares of the Issuer for an equal number of newly issued Series A MuniFund Preferred Shares of the Issuer ("MFP Shares") and purchased 1,750 newly issued MFP Shares, for a purchase price of $100,000 per share. In addition to the MFP Shares, Capital Strategies also holds 1,600 variable rate demand preferred shares, Series 8 of the Issuer ("VRDP Shares"). Capital Strategies is a wholly owned subsidiary of Wells Fargo & Company ("Wells Fargo").
- F2The 1,600 VRDP Shares were previously acquired by Capital Strategies as reported in the Form 4 filing filed by Wells Fargo and Capital Strategies with the United States Securities and Exchange Commission on November 17, 2017.
- F3This statement is jointly filed by Wells Fargo and Capital Strategies. Wells Fargo holds an indirect interest in the securities listed in Table I by virtue of its indirect ownership of its subsidiary Capital Strategies.
- F4Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the US Securities Exchange Act of 1934 or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.
Remarks
Exhibits Index Exhibit 99.1 - Joint Filing Agreement Exhibit 99.2 - Joint Filer Information