Business Context and Reporting Period
This Form 8-K is a current report filed by Nuveen AMT-Free Quality Municipal Income Fund (the "Fund") on March 5, 2026. The filing serves as a Regulation FD disclosure regarding a material change to the terms of the Fund's Series 4 Variable Rate Demand Preferred Shares.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, or operating margins, as it is a corporate event report rather than a periodic financial statement. However, it discloses the following capital structure details:
- Series 4 Aggregate Liquidation Preference: $489.5 million.
- Dividend Structure: Weekly variable rates set by a remarketing agent, subject to a maximum rate cap that increases over time if remarketing is unsuccessful.
- Liquidity Feature: A liquidity provider is in place to purchase shares if a sell order is not matched in a remarketing.
Material Changes
The primary material change disclosed is the extension of the final mandatory redemption date for the Series 4 Variable Rate Demand Preferred Shares:
- Previous Date: September 11, 2026.
- New Date: September 11, 2056.
- Effective Date: March 5, 2026.
The shares remain senior to the Fund's common shares in liquidation and dividend payments and rank on parity with other preferred shares.
Guidance, Outlook, and Risks
Management Commentary: The Fund notes that the shares are not registered under the Securities Act of 1933 and may only be offered or sold pursuant to applicable exemptions. This disclosure is explicitly stated as neither an offer to sell nor a solicitation to buy.
Risks and Contingencies: The filing highlights the reliance on a remarketing agent for dividend rate setting and a liquidity provider for share repurchases in the event of unsuccessful remarketing. The dividend rate is subject to a maximum cap that increases over time during periods of unsuccessful remarketing.
Investor Verification Checklist
- Verify the updated final mandatory redemption date of September 11, 2056, for Series 4 shares.
- Confirm the current weekly dividend rate and the specific terms of the maximum rate cap.
- Review the identity and creditworthiness of the liquidity provider supporting the Series 4 shares.
- Check for any subsequent filings regarding the remarketing status of the Series 4 shares.