On October 6, 2023, Saba Capital Management LP announced that it has filed a preliminary proxy statement with Securities Exchange Commission, urging the shareholders of Nuveen New Jersey Quality Municipal Income Fund to vote against the Company proposal to a proposed merger of the Company with and into a wholly-owned subsidiary of Nuveen Quality Municipal Income Fund, withhold vote for the nomination of Company nominees that are up for election at the 2023 annual meeting. In addition, the Saba Capital stated that the Company should be focused on improving performance and shareholder value instead of merging with a fund that trades at a steep discount to NAV and the incumbent directors who support the Merger should not be re-elected.