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Nuveen Closed-End Fund Announces Redemption of Preferred Shares

December 28, 2018

NEW YORK--(BUSINESS WIRE)--Dec 28, 2018--The Nuveen Pennsylvania Quality Municipal Income Fund (NYSE: NQP) today announced that the Fund has redeemed all of its outstanding Variable Rate MuniFund Term Preferred shares (VMTP). The VMTP redemption price is the $100,000 liquidation preference per share, plus an additional amount representing the final accumulated distribution amounts owed. The Fund financed the VMTP share redemption with the proceeds of newly created tender option bond trusts. Official notification of the redemption has been delivered to VMTP shareholders through The Depository Trust Company (DTC).

The redemption amounts of the outstanding VMTP shares are as follows:

The address of the redemption and paying agent, Computershare Inc., is as follows: 250 Royall Street, Canton, Massachusetts 02021.

About Nuveen

Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $988 billion in assets under management as of 9/30/18 and operations in 16 countries. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com. Nuveen Securities, LLC, member FINRA and SIPC.

The information contained on the Nuveen website is not a part of this press release.

700833 -INV-O-12/20

View source version on businesswire.com:https://www.businesswire.com/news/home/20181228005211/en/

CONTACT: Kristyna Munoz

254-644-1615

kristyna.munoz@nuveen.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE

SOURCE: Nuveen

Copyright Business Wire 2018.

PUB: 12/28/2018 04:30 PM/DISC: 12/28/2018 04:30 PM

http://www.businesswire.com/news/home/20181228005211/en

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