<SEC-DOCUMENT>0001193125-24-239598.txt : 20250127
<SEC-HEADER>0001193125-24-239598.hdr.sgml : 20250127
<ACCEPTANCE-DATETIME>20241018153958
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001193125-24-239598
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20241018

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NUVEEN PENNSYLVANIA QUALITY MUNICIPAL INCOME FUND
		CENTRAL INDEX KEY:			0000870780
		ORGANIZATION NAME:           	
		IRS NUMBER:				363743025
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		333 W WACKER DRIVE
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606
		BUSINESS PHONE:		3129178200

	MAIL ADDRESS:	
		STREET 1:		333 W WACKER
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60606

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NUVEEN PENNSYLVANIA INVESTMENT QUALITY MUNICIPAL FUND
		DATE OF NAME CHANGE:	20121022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NUVEEN PENNSYLVANIA INVESTMENT QUALITY MUNICIPAL FUND INC
		DATE OF NAME CHANGE:	19920803
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<HTML><HEAD>
<TITLE>Nuveen Pennsylvania Quality Municipal Income Fund</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">[Letterhead of Skadden, Arps, Slate, Meagher&nbsp;&amp; Flom LLP] </P>
<P STYLE="margin-top:42pt; margin-bottom:0pt; margin-left:32%; font-size:12pt; font-family:Times New Roman" ALIGN="center">October&nbsp;18, 2024 </P> <P STYLE="margin-top:42pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">U.S.
Securities and Exchange Commission </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">100 F Street NE </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">Washington DC 20549 </P>
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<TD WIDTH="8%" VALIGN="top" ALIGN="left">Attn:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="left">Valerie Lithotomos </P></TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="8%" VALIGN="top" ALIGN="left">&#8201;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="left">David Orlic </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left">RE:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="left">Preliminary Proxy Statements, filed October&nbsp;4, 2024 by Nuveen </P></TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left">&#8201;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="left">Pennsylvania Quality Municipal Income Fund (File <FONT STYLE="white-space:nowrap">No.&nbsp;811-06265)</FONT>
and </P></TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left">&#8201;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="left">Nuveen New Jersey Quality Municipal Income Fund <U> </U></P></TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="13%">&nbsp;</TD>
<TD WIDTH="8%" VALIGN="top" ALIGN="left">&#8201;</TD>
<TD ALIGN="left" VALIGN="top">
<P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="left"><U><FONT STYLE="white-space:nowrap">(File&nbsp;No.&nbsp;
811-09455)&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;</FONT></U> </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">Dear Ms.&nbsp;Lithotomos and Mr.&nbsp;Orlic: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:5%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Thank you for your telephonic comments received on October&nbsp;15, 2024 regarding the preliminary proxy statements (each a
&#147;Preliminary Proxy Statement&#148;) of Nuveen Pennsylvania Quality Municipal Income Fund (&#147;NQP&#148;) and Nuveen New Jersey Quality Municipal Income Fund (&#147;NXJ&#148; and together with &#147;NQP,&#148; each a &#147;Fund&#148; and
together the &#147;Funds&#148;), filed on October&nbsp;4, 2024 pursuant to the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), and the Investment Company Act of 1940, as amended (the &#147;1940 Act&#148;). The Funds have
considered your comments and have authorized us to make on their behalf the responses set forth below. Capitalized terms not defined herein have the definitions set forth in each Preliminary Proxy Statement. </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="16%" VALIGN="top" ALIGN="left"><B>Comment&#8201;1:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="justify"><B>Revise the disclosure to clarify the treatment of the proposals as routine or <FONT
STYLE="white-space:nowrap">non-routine</FONT> proposals. </B></P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="16%" VALIGN="top" ALIGN="left">Response&#8201;1:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="justify">The Funds have revised the disclosure as follows: </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:18%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">&#147;The Fund understands that, under the rules of the New York Stock Exchange (the &#147;NYSE&#148;), if you do not give
specific voting instructions to your broker, generally your broker will have discretion to vote your shares on routine matters but will not have discretion to vote your shares <FONT STYLE="white-space:nowrap">on&nbsp;non-routine&nbsp;matters.</FONT>
<B><U>Under the rules of the NYSE, elections of trustees of <FONT STYLE="white-space:nowrap">closed-end</FONT> funds, such as the Fund, are generally treated as a routine matters. However,</U></B><B><I><U> </U></I></B><B><U>if Saba solicits proxies
in favor of the Hedge Fund Nominee, to the extent your broker provides you with Saba&#146;s proxy materials, your broker may not vote your shares and your shares will </U></B> </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">1 </P>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
<HR SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:18%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">
<B><U>not be considered present at the Annual Meeting, unless you give instructions to your broker. </U></B>We urge you to instruct your broker or other nominee to vote your shares using the
WHITE proxy card, <B><U>regardless of whether or not Saba solicits proxies in favor of the Hedge Fund Nominee, to ensure that your shares are present and voted at the Annual Meeting</U></B>. When the broker exercises its discretion to vote on
routine matters in the absence of voting instructions from you, a <FONT STYLE="white-space:nowrap">&#147;broker&nbsp;non-vote&#148;&nbsp;occurs</FONT> with respect to
<B><STRIKE>the</STRIKE></B><FONT STYLE="white-space:nowrap">&nbsp;non-routine&nbsp;matters</FONT><B><U>, if any,</U></B><U> </U>since the broker will not have discretion to vote on
<FONT STYLE="white-space:nowrap">such&nbsp;non-routine&nbsp;matters.</FONT> <B><U>Because Proposal 1 is the only item on the agenda, broker <FONT STYLE="white-space:nowrap">non-votes</FONT> are not expected to occur at the Annual Meeting. </U></B>
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="16%" VALIGN="top" ALIGN="left"><B>Comment&#8201;2:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="justify"><B>Supplementally explain why the Preliminary Proxy Statement defines Saba Capital Master Fund, Ltd. as the
&#147;Saba Hedge Fund.&#148; </B></P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="16%" VALIGN="top" ALIGN="left">Response&#8201;2:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="justify">The Preliminary Proxy Statement defines Saba Capital Master Fund, Ltd., Saba Capital Management, L.P. and
certain of their affiliates collectively as &#147;Saba.&#148; Therefore, a separate defined term is needed for Saba Capital Master Fund, Ltd. specifically. Saba Capital Master Fund, Ltd. is a private investment fund of the type commonly referred to
as a &#147;hedge fund&#148; and is regularly referred to as such by the media and in market commentary. The defined term &#147;Saba Hedge Fund&#148; has been used in proxy statements and other proxy materials by other Nuveen funds as well funds from
various other fund sponsors who have engaged in proxy contests with Saba. Therefore the Funds expect that such defined term will be readily understood by shareholders. </P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="16%" VALIGN="top" ALIGN="left"><B>Comment&#8201;3:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="justify"><B>Supplementally explain why the Preliminary Proxy Statement describes Saba Capital Master Fund, Ltd. as a
&#147;purported&#148; shareholder of the Fund. </B></P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="16%" VALIGN="top" ALIGN="left">Response&#8201;3:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="justify">The Funds are listed <FONT STYLE="white-space:nowrap">closed-end</FONT> funds, whose shares are typically
held in &#147;street name&#148; through nominee holders. Saba Capital Master Fund, Ltd. has represented to each Fund that it is a shareholder of such Fund and Saba Capital Management, L.P. has filed a Schedule 13D with respect to its beneficial
ownership of Fund shares. However, the Funds have no means to independently verify the street name holdings of Saba Capital Master Fund, Ltd., and therefore respectfully submit that referring to Saba Capital Master Fund, Ltd. as a purported
shareholder of the Fund is accurate. </P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="16%" VALIGN="top" ALIGN="left"><B>Comment&#8201;4:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="justify"><B>With respect to the discussion in the Preliminary Proxy Statement of the voting standards pursuant to the
Funds&#146; <FONT STYLE="white-space:nowrap">By-Laws,</FONT> supplementally identify the applicable sections of the <FONT STYLE="white-space:nowrap">By-Law</FONT> and discuss what is provided for by such sections. </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="16%" VALIGN="top" ALIGN="left">Response&#8201;4:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="justify">Reference is made to each Fund&#146;s <FONT STYLE="white-space:nowrap">By-Laws,</FONT> Amended and Restated
as of February&nbsp;28, 2024, filed as an exhibit to Form <FONT STYLE="white-space:nowrap">8-K</FONT> on March&nbsp;6, 2024. </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">2 </P>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Section&nbsp;2.7 of the <FONT STYLE="white-space:nowrap">By-Laws</FONT>
establishes the voting standard applicable to contested and uncontested elections of Trustees as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:21%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">&#147;with
respect to a Contested Election the affirmative vote of a majority of the Shares outstanding and entitled to vote with respect to such matter at such meeting shall be the act of Shareholders with respect to such matter and (ii)&nbsp;with respect to
the election of Trustees, other than a Contested Election, the affirmative vote of a plurality of the Shares present and entitled to vote at a meeting of Shareholders at which a quorum is present shall be the act of the Shareholders with respect to
such matter.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Section&nbsp;10.2(d) defines Contested Election to mean: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:21%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">&#147;any election of Trustees in which the number of persons nominated for election as Trustees in accordance with <FONT
STYLE="white-space:nowrap">these&nbsp;By-Laws&nbsp;exceeds</FONT> the number of Trustees to be elected, with the determination that any election of Trustees is a Contested Election to be made by the Secretary or other officer of the Trust prior to
the time the Trust mails its initial proxy statement in connection with such election of Trustees. If, prior to the time the Trust mails its initial proxy statement in connection with such election of Trustees, one or more persons nominated for
election as a Trustee is withdrawn such that the number of persons nominated for election as Trustees no longer exceeds the number of Trustees to be elected, such election shall not be considered a Contested Election.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Section&nbsp;3.10 of the <FONT STYLE="white-space:nowrap">By-Laws</FONT> establishes Trustee qualifications, stating that:
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:21%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">&#147;After any Shares have been publicly offered, only individuals satisfying the following qualification requirements
applicable to all Trustees may be nominated, elected, appointed, qualified or seated (&#147;nominated or seated&#148;) to serve as a Trustee unless a majority of the Trustees then in office shall have determined by resolution that failure to satisfy
a particular qualification requirement will not present undue conflicts or impede the ability of the individual to discharge the duties of a Trustee or the free flow of information among Trustees or between the Trust&#146;s investment adviser and
the Trustees.&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Clause (j)&nbsp;of Section&nbsp;3.10 of the <FONT STYLE="white-space:nowrap">By-Laws</FONT>
establishes that one such qualification requirement is not having served or been nominated to certain roles, including trustee or director, with other collective investment vehicles in the preceding calendar year, specifying that: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:21%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">&#147;An individual nominated or seated as a Trustee shall not, during the year of the election or nomination of such
individual and during the immediately preceding calendar year, be, have been, or have been nominated or seated as, officer, general partner, manager, managing member, member of an advisory board, trustee or director (or person performing similar
functions) </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">3 </P>


<p style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </p>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:21%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">
of any investment company registered under the 1940 Act or other collective investment vehicle that would be an investment company, as defined in the 1940 Act, but for Section&nbsp;3(c)(1),
3(c)(7) or 3(c)(11) of the 1940 Act (other than the Trust and other investment vehicles having the same investment adviser as the Trust or an investment adviser in a control relationship with the investment adviser of the Trust).&#148; </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="16%" VALIGN="top" ALIGN="left"><B>Comment&#8201;5:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="justify"><B>Revise the statement &#147;Therefore, if you return a proxy card received from Saba you will be
DISENFRANCHISED as to your ability to elect trustees&#148; to clarify that shareholders will only be unable to vote for trustees at the current annual meeting and will not permanently disenfranchised. </B></P></TD></TR></TABLE>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="16%" VALIGN="top" ALIGN="left">Response&#8201;5:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="justify">The Funds have revised the statement as follows: </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:21%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">&#147;Therefore, if you return a proxy card received from Saba you will <B><U>NOT BE ABLE TO VOTE</U></B> to elect trustees
<B><U>at the Annual Meeting</U></B>. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="16%" VALIGN="top" ALIGN="left"><B>Comment&#8201;6:</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="justify"><B>The Preliminary Proxy Statements state that &#147;the Fund informed the Saba Hedge Fund that the Hedge
Fund Notice was ineffective for failure to satisfy the requirements of the <FONT STYLE="white-space:nowrap">Fund&#146;s&nbsp;By-Laws&nbsp;as</FONT> a result of misstatements in the Hedge Fund Notice.&#148; Supplementally provide the basis for the
misstatements, or revise this language to refer to what management determined to be misstatements. </B></P></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="16%" VALIGN="top" ALIGN="left">Response&#8201;6:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="justify">Saba&#146;s notice included the following representations: </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:21%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">&#147;the Nominee satisfies the qualifications of persons nominated set forth in Section&nbsp;3.10 of the Bylaws&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:21%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">&#147;the Nominee is not, nor during the year of the nomination of the Nominee and during the immediately preceding calendar
year has bene or has been nominated or seated as, officer, general partner, manager, managing member, member of an advisory board, trustee or director (or person performing similar functions) of any investment company registered under the 1940 Act
or other collective investment vehicle that would be an investment company, as defined in the 1940 Act (other than the Fund and other investment vehicles having the same investment adviser as the Fund or an investment adviser in a control
relationship with the investment adviser to the Fund)&#148; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">In addition, the written certification of the Nominee that
accompanied the Saba notice represented that &#147;the undersigned satisfies the qualifications of persons nominated or seated as trustee as set forth in Section&nbsp;3.10 of the Bylaws at the time of his nomination.&#148; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">However, according to proxy solicitation materials filed with the SEC, Saba Capital Master Fund, Ltd. nominated the Nominee
for election as </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">4 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">
a trustee of certain funds at such funds&#146; 2024 annual meetings of shareholders (See, for example, the proxy statement filed on Form DEFC14A by Saba Capital Management, L.P. on April&nbsp;19,
2024 (Accession No. <FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">0000902664-24-002987).</FONT></FONT> A press release by Saba Capital Management, L.P., dated July&nbsp;1, 2024, also discloses the Nominee&#146;s nomination for
election to the board of trustees of such funds and the votes cast with respect to the Nominee (https://www.businesswire.com/news/home/20240630658123/en). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">As a result of such prior nomination, the above referenced statements in Saba&#146;s notice and the accompanying
certification of the Nominee were misstatements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:16%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Nonetheless, the Funds have revised the statement in the Preliminary
Proxy Statement as follows: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:21%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">the Fund informed the Saba Hedge Fund that the Hedge Fund Notice was ineffective for failure
to satisfy the requirements of the <FONT STYLE="white-space:nowrap">Fund&#146;s&nbsp;By-Laws&nbsp;as</FONT> a result of <B><U>statements that Fund management determined to be</U></B> misstatements in the Hedge Fund Notice. </P>
<P STYLE="margin-top:16pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">*** </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">5 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:5%; font-size:12pt; font-family:Times New Roman">Should you have any questions concerning our responses to your comments, please direct them to
the undersigned at (312) <FONT STYLE="white-space:nowrap">407-0641.</FONT> </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top">Sincerely,</TD></TR>
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<TD HEIGHT="24"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top"><U>/s/ Kevin T. Hardy&#8195;&#8195;&#8195;&#8195;&#8195;&#8195;</U></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top">Kevin T. Hardy</TD></TR>
</TABLE></DIV> <P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">cc:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="left">David J. Lamb, Chief Administrative Officer of the Funds </P></TD></TR></TABLE>
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<TR style = "page-break-inside:avoid">
<TD WIDTH="5%" VALIGN="top" ALIGN="left">&#8195;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman; " ALIGN="left">Mark L. Winget, Vice President and Secretary of the Funds </P></TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">6 </P>

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