SEC Form 4 · accession 0000899243-19-000077
NUVEEN PENNSYLVANIA QUALITY MUNICIPAL INCOME FUND · NQP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
WELLS FARGO & COMPANY/MN
10% Owner
Period of report
Dec 28, 2018
Accepted (ET)
Jan 2, 2019 · 10:52 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000870780
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 | Dec 28, 2018 | J | 435 | — | D | 0 | I | By Subsidiary |
| Variable Rate Demand Preferred SharesF2,F3,F4 | holding | — | — | — | 2,175 | I | By Subsidiary |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The 435 preferred shares reported as disposed of in Table I represent variable rate munifund term preferred shares (the "VMTP Shares") that were beneficially owned by Wells Fargo Municipal Capital Strategies, LLC ("Capital Strategies"). The VMTP Shares were disposed of as a result of a redemption by the Issuer for a redemption price of $100,191.9451954 per share (which includes a liquidation preference of $100,000.00 per share and accrued dividends of 191.9451954 per share). In addition to the VMTP Shares, Capital Strategies also holds 2,175 variable rate demand preferred shares of the Issuer ("VRDP Shares"). Capital Strategies is a wholly owned subsidiary of Wells Fargo & Company ("Wells Fargo").
- F2The 2,175 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 21, 2016.
- F3This statement is jointly filed by Wells Fargo and Capital Strategies. Wells Fargo holds an indirect interest in the securities listed in Table I (the "Securities") 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