WELLS FARGO & COMPANY/MN 4

What Happened
Wells Fargo & Company (reporting jointly with its subsidiary Wells Fargo Municipal Capital Strategies, LLC), a 10% owner, reported the disposition of 500 munifund preferred shares of Nuveen Quality Municipal Income Fund (NAD). The shares were disposed of via a redemption by the issuer on March 11, 2026 at a redemption price of $100,099.09338 per share (liquidation preference $100,000.00 plus accrued dividends $99.09338), for an aggregate redemption value of approximately $50,049,546.69.

Key Details

• Transaction date: 2026-03-11 (reported on Form 4 filed 2026-03-13).
• Transaction type: Other disposition (redemption) — code J in the filing.
• Shares disposed: 500 munifund preferred shares.
• Price per share: $100,099.09338 (includes $100,000 liquidation preference + $99.09338 accrued dividends).
• Aggregate value: ~ $50,049,546.69.
• Shares owned after transaction: Not specified in the filing.
• Filing structure: Joint filing by Wells Fargo & Company and Wells Fargo Municipal Capital Strategies, LLC (footnotes F1–F3). Exhibits include a Joint Filing Agreement and Joint Filer Information.

Context
This was an issuer-initiated redemption (not an open-market sale or purchase). The filing reflects an institutional redemption by the subsidiary (Capital Strategies); Wells Fargo’s ownership is indirect via that subsidiary. The footnotes clarify ownership and the redemption mechanics; the filing does not indicate executive trading or market-timing intent.