Wells Fargo Municipal Capital Strategies, LLC 4
4 · Nuveen California Quality Municipal Income Fund · Filed Nov 17, 2017
Insider Transaction Report
Form 4
WELLS FARGO & CO/MN
10% Owner
Transactions
- Award
Variable Rate Demand Preferred Shares
2017-11-16+1,600→ 1,600 total(indirect: By Subsidiary)
Holdings
- 1,450(indirect: By Subsidiary)
Variable Rate MuniFund Term Preferred Shares
Footnotes (4)
- [F1]The 1,600 variable rate demand preferred shares ("Shares") reported as acquired in Table I consist of 1,600 variable rate demand preferred shares, Series 8 of Nuveen California Quality Municipal Income Fund (the "Issuer") and represent Shares beneficially owned by Wells Fargo Municipal Capital Strategies, LLC ("Capital Strategies"). The Shares were purchased by Capital Strategies from the remarketing agent for the Shares. The Shares were acquired for a purchase price of $100,000 per share. In addition to the Shares, Capital Strategies also holds 1,450 variable rate munifund term preferred shares of the Issuer ("VMTP Shares"). Capital Strategies is a wholly owned subsidiary of Wells Fargo & Company ("Wells Fargo").
- [F2]The 1,450 VMTP Shares were previously acquired by Capital Strategies as reported in the Form 3 filing filed by Wells Fargo and Capital Strategies with the United States Securities and Exchange Commission on June 15, 2016.
- [F3]This 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.
- [F4]Each 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.