Nuveen Massachusetts Quality Municipal Income Fund has filed a notice with the Securities and Exchange Commission, indicating its intention to redeem Variable Rate Demand Preferred Shares, Series 1. This decision is significant as it reflects the fund's response to current market conditions and may influence its shareholder base.

The fund, which operates under the ticker symbol NMT on the NYSE, is categorized as a closed-end investment company. It is based in Chicago, Illinois, and is known for its focus on municipal income.

According to the filing dated November 3, 2026, the fund intends to redeem up to 493 of its Variable Rate Demand Preferred Shares, Series 1, with a liquidation preference of $100,000 per share. The redemption is expected to occur during the period from December 3, 2026, to June 3, 2027. The specific shares to be redeemed will be selected by lot, as determined by The Depository Trust Company.

This move may affect shareholders of the fund, particularly those holding the preferred shares being redeemed. The filing does not specify the exact number of shares that will ultimately be redeemed, indicating that the fund may redeem fewer shares or none at all based on market conditions.

Looking ahead, the filing does not specify what further actions the fund may take following this redemption notice. Shareholders will likely await additional updates regarding the final amount of shares to be redeemed and any potential impacts on the fund's overall strategy.