Nuveen New York Quality Municipal Income Fund V.NAN

Primary Symbol: NAN

Nuveen New York Quality Municipal Income Fund (the Fund) is a diversified, closed-end management investment fund. The Fund’s investment objective is to provide current income exempt from regular federal, and New York State and New York City income tax and to enhance portfolio value. The Fund invests in municipal securities that are exempt from federal, New York state, and New York City income taxes. The Fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade or, if they are unrated, are judged by the manager to be of comparable quality. The Fund may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality. The Fund invests in various sectors, such as consumer staples, health care, transportation, and utilities. The Funds’ investment adviser is Nuveen Fund Advisors, LLC.

NYSE:NAN - Post by User

Nuveen New York Quality Municipal Income Fund

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Post by PositionTradeon Oct 10, 2013 1:52pm

182 Views

Post# 21807624

scenario

Today, NAN's behavior is very strange, with great news and good volume (2.5m sh by 1:30pm) and previously in a consolidation range, it did not go up but down! And Anon alone sold ~ 1.3m sh at bidding.

Why? What is the rational? Does this form manipulation? Any possible illegal behavior behind the screen? Any possible insider-trading existing?

I don't know, but I suspect it.
The possible scenario includes, but not limited to,

1. manipulate ps for a major block trading?
2. sb knows bad news is coming? - insider trading?
3. sb needs cash urgently?
4. shake out retailors? (but not too many retailor here so far? VMS & Sentient control most of sh)
5. for new PP? but after warrants exercised, it has ~15m$ here, enough to go ahead first!

6. other????

Any body can tell us, WHAT IS HAPPENING?

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