Nuveen Quality Municipal Income Fund: 10% owner BofA sold 500 shares

What happened Bank of America Corporation, reported as a 10% owner, disposed of 500 Adjustable Rate MuniFund Term Preferred Shares — Series 2028 (AMTP Shares). The Form 4 records the transaction on Oct 5, 2026 as an "other acquisition or disposition (J)" with the price shown as N/A; footnote F1 states the 500 AMTP Shares held by Banc of America Preferred Funding Corporation (BAPFC) were redeemed by the issuer on Oct 5, 2026 for the liquidation preference and accumulated but unpaid dividends. BAPFC is a wholly owned subsidiary of Bank of America.

Key details

• Transaction date and price: Oct 5, 2026; price reported as N/A. Notice of Redemption dated Oct 1, 2026 cited in footnotes.
• Shares owned after the transaction: not specified in the filing; the 500 AMTP Shares reported were redeemed.
• Relevant footnotes: F1 (shares were held by BAPFC and redeemed by issuer), F2 (statement jointly filed by Bank of America and BAPFC; Bank of America holds an indirect interest via BAPFC), F3 (standard group/admission disclaimer).
• Filing date and timeliness: Form filed on Oct 5, 2026; no late filing indicated in the report.

Why it may matter

• This involves a 10% owner (a large holder), not an executive or option exercise.
• The transaction is described as a redemption by the issuer, not a market sale.
  This filing does not show why the insider traded or why the company acted.