Company: NAZ
Filing Date: 2025-04-15
Form Type: N-2/A
Source: 0001999371-25-004231
Chunk: 5

Company: NUVEEN ARIZONA QUALITY MUNICIPAL INCOME FUND
Filing Date: 2025-04-15
Form: N-2/A
Chunk 5
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 net asset value (“NAV”) of the Common Shares at the close of business       
 on that same date was $11.27 per Common Share. As of April 8, 2025, the Fund had 11,597,297                        
 Common Shares outstanding and net assets applicable to Common Shares of $130,710,725. See “Description of Shares.” |

| The      
 Offering | The Fund may offer, from time to time, in one or more offerings, up to 1,200,000 Common Shares, preferred shares                          
 (“Preferred Shares”), and/or subscription rights to purchase Common Shares (“Rights,” and collectively with                               
 Common Shares and Preferred Shares, “Securities”), in any combination, on terms to be determined at the time of the                       
 offering. The Fund may offer and sell such Securities directly to one or more purchasers, to or through underwriters, through             
 dealers or agents that the Fund designates from time to time, or through a combination of these methods. The prospectus supplement        
 relating to any offering of Securities will describe such offering, including, as applicable, the names of any underwriters, dealers      
 or agents and information regarding any applicable purchase price, fee, commission or discount arrangements made with those underwriters, 
 dealers or agents or the basis upon which such amount may be calculated. For more information about the manners in which the Fund         
 may offer Securities, see “Plan of Distribution.” The prospectus supplement relating to any Rights offering will set                      
 forth the number of Common Shares issuable upon the exercise of each Right (or number of Rights) and the other terms of such Rights       
 offering. The minimum price on any day at which the Common Shares may be sold will not be less than the NAV per Common Share at           
 the time of the offering plus the per share amount of any underwriting commission or discount; provided that Rights offerings             
 that meet certain conditions may be offered at a price below the then current NAV. See “Rights Offerings.”                                |

| The                                                                                                            
 Fund may not sell any Securities through agents, underwriters or dealers without delivery, or deemed delivery, 
 of a prospectus, including the appropriate prospectus supplement, describing the method and terms of the       
 particular offering of such Securities. You should                                                             
 read this Prospectus and the applicable prospectus supplement carefully before you invest in our Securities.   |

1

| Investment Objectives 
 and Policies          | Please refer to the section of the Fund’s most recent                                                                                 
 annual report on Form N-CSR entitled “Shareholder