Company: NAZ
Filing Date: 2025-11-06
Form Type: N-CSR
Source: 0001193125-25-269465
Chunk: 85

Company: NUVEEN ARIZONA QUALITY MUNICIPAL INCOME FUND
Filing Date: 2025-11-06
Form: N-CSR
Chunk 85
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 170

Each Fund intends to satisfy conditions that will enable interest from municipal securities, which is exempt from regular federal and designated state income taxes, to retain such tax-exempt status when distributed to shareholders of the Funds. Net realized capital gains and ordinary income distributions paid by the Funds are subject to federal taxation. Each Fund files income tax returns in U.S. federal and applicable state and local jurisdictions. A Fund’s federal income tax returns are generally subject to examination for a period of three fiscal years after being filed. State and local tax returns may be subject to examination for an additional period of time depending on the jurisdiction. Management has analyzed each Fund’s tax positions taken for all open tax years and has concluded that no provision for income tax is required in the Fund’s financial statements. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing gains and losses on investment transactions. Temporary differences do not require reclassification. As of year end, permanent differences that resulted in reclassifications among the components of net assets relate primarily to investments in partnerships, nondeductible expenses, taxable market discount, taxes paid, and treatment of notional principal contracts. Temporary and permanent differences have no impact on a Fund’s net assets. As of year end, the aggregate cost and the net unrealized appreciation/(depreciation) of all investments for federal income tax purposes were as follows:

| Fund |     |   |      Tax Cost |     |   | Gross Unrealized 
     Appreciation |     |   | Gross          
 Unrealized     
 (Depreciation) |   |     |   | Net Unrealized 
 Appreciation   
 (Depreciation) |   |
|:-----|:----|:--|--------------:|:----|:--|-----------------:|:----|:--|:---------------|:--|:----|:--|:---------------|:--|
| NAZ  |     | $ |   229,316,383 |     | $ |        1,174,194 |     | $ | (12,457,827    | ) |     | $ | (11,283,633    | ) |
| NKX  |     |   |   994,623,675 |     |   |       27,592,410 |     |   | (49,406,345    | ) |     |   | (21,813,935    | ) |
| NCA  |     |   |