NPV - Nuveen Virginia Quality Municipal Income Fund

What this means for you

None of the investors we follow has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

1. Oct 2, 2026

   The fund said it may sell new shares.

   Original document →

2. June 30, 2026

   The fund proposed folding into NZF. Holders vote on Sept 24, 2026. Latest document June 30, 2026.

   Original document →

3. June 26, 2026

   The fund proposed folding into NZF. Holders vote on Sept 24, 2026.

   Original document →

4. June 18, 2026

   The fund proposed folding into NZF. Holders vote on Sept 24, 2026. Latest document June 18, 2026.

   Original document →

5. June 5, 2026

   The fund said it may sell new shares.

   Original document →

About this fund

• Run by Nuveen Fund Advisors, LLC. Part of the Nuveen fund family. As of May 31, 2026, from the fund's yearly report. Original document →
• Size: about $214 million of holdings, as of Aug 31, 2026. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 41% on top of its own money, as of Aug 31, 2026. Borrowed money makes gains and losses bigger. About 86% of that is money the fund has borrowed by selling preferred shares. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 0.6% a year in management fees; 3.5% a year in total, including interest on borrowed money. Fiscal year ended May 31, 2026. As of May 31, 2026, from the fund's yearly report. Original document →
  Among the 76 funds we follow that invest in tax-free municipal bonds, 26 charge a lower management fee and 55 charge less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts.
• The fund's own cost example: $1,000 invested costs about $45 in the first year and about $387 over 10 years, assuming the holdings return 5% a year. As of May 31, 2026, from the fund's annual report. Original document →
• Payouts: last fiscal year (ended May 31, 2026) the fund paid $0.80 a share. $0.45 of that was income; $0.35 was your own money back, not income. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of May 31, 2026, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (May 31, 2026): $11.46. The shares traded at $11.49, about 0.3% above that. As of May 31, 2026, from the fund's yearly report. Original document →
  Over the last two years the gap (a "discount" when the price is below the value) ranged from 0.1% above to 9.6% above. As of May 31, 2026, from the fund's annual report. Original document →
• How the holdings did: down 3% over the last three months we have (June-Aug 2026), before the share price is taken into account. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 1995.

How this has changed

• Payouts per share: $0.80 in the fiscal year ended May 31, 2026; $0.86 in the year ended May 31, 2025; $0.45 in the year ended May 31, 2024.As of May 31, 2026, from the fund's annual report. Original document →
• Of that, your own money back rather than income: $0.35 in the year ended May 31, 2026; $0.42 in the year ended May 31, 2025; $0.05 in the year ended May 31, 2024.As of May 31, 2026, from the fund's annual report. Original document →
• Costs, including interest on borrowed money: 3.54% a year in the fiscal year ended May 31, 2026; 3.9% a year in the year ended May 31, 2025; 4.16% a year in the year ended May 31, 2024.As of May 31, 2026, from the fund's annual report. Original document →
• Size of the holdings: about $224 million at May 31, 2026; $205 million at May 31, 2025; $218 million at May 31, 2024. From the fund's quarterly holdings reports. Original documents: May 31, 2026 →, May 31, 2025 →, May 31, 2024 →.
• Borrowing: about 40% on top of its own money at May 31, 2026; 42% at May 31, 2025; 40% at May 31, 2024. From the fund's quarterly holdings reports. Original documents: May 31, 2026 →, May 31, 2025 →, May 31, 2024 →.
• The fund had about 19.6 million shares at May 31, 2026, up 9.1% from May 31, 2024.As of May 31, 2026, from the fund's annual report. Original document →
  In between, the fund said it may sell new shares. Original document →

What these lines mean: a payout that is your own money back, what a fund costs, borrowing.

What a holder made

• The year ended May 31, 2026: the shares returned +10.7%, counting payouts; the holdings +10.5%. The holdings figure is what the fund's investments earned, before the share price is taken into account. As of May 31, 2026, from the fund's annual report. Original document →
• The year ended May 31, 2025: the shares returned +13.6%, counting payouts; the holdings -1.8%. As of May 31, 2025, from the fund's annual report. Original document →
• The year ended May 31, 2024: the shares returned +1.3%, counting payouts; the holdings +3.2%. As of May 31, 2024, from the fund's annual report. Original document →
• The year ended May 31, 2023: the shares returned -11.3%, counting payouts; the holdings -3.9%. As of May 31, 2023, from the fund's annual report. Original document →
• The year ended May 31, 2022: the shares returned -17.7%, counting payouts; the holdings -10.9%. As of May 31, 2022, from the fund's annual report. Original document →
• Those five years together: the shares returned -7%. $10,000 of shares bought at the start (June 1, 2021) would have become about $9,300 by May 31, 2026, with every payout counted, before tax. As of May 31, 2026, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to Aug 31, 2026: +6.3%. The quarterly reports carry no share price, so this is the holdings alone. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

All tax-free municipal bonds (100%). All of it issued in the U.S.

1. Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Second Senior L - 11.1%
2. The Rector and Visitors of the University of Virginia, General Pledge Revenue Bonds, Refunding - 5.4%
3. Williamsburg Economic Development Authority, Virginia, Student Housing Revenue Bonds, Provident Group - Williamsburg Properties LLC - William and Mary - 5.4%
4. Metropolitan Washington D.C. Airports Authority, Airport System Revenue Bonds, Refunding - 5.3%
5. Chesapeake Bay Bridge and Tunnel District, Virginia, General Resolution Revenue Bonds, First Tier - 5.2%
6. Virginia Small Business Financing Authority, Private Activity Revenue Bonds, Transform 66 P3 Project, Senior Lien - 4.1%
7. Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1 - 4%
8. Virginia Small Business Financing Authority, Revenue Bonds, 95 Express Lanes LLC Project, Refunding Senior Lien - 3.8%
9. Virginia Small Business Finance Authority, Healthcare Facilities Revenue Bonds, Bon Secours Mercy Health, Inc. - 2.9%
10. Washington Metropolitan Area Transit Authority, Second Lien Dedicated Revenue Bonds, Sustainability- Climate Transition - 2.8%

As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →