Company: NAZ
Filing Date: 2025-04-18
Form Type: 424B5
Source: 0001999371-25-004421
Chunk: 8

Company: NUVEEN ARIZONA QUALITY MUNICIPAL INCOME FUND
Filing Date: 2025-04-18
Form: 424B5
Chunk 8
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      |     | $                    | 10.47 |     | $ |  9.26 |     | $                       | 12.36 |     | $ | 11.20 |     |                       | (15.29 | )% |     | (17.32 | )% |
| August 2023        |     | $                    | 10.82 |     | $ | 10.27 |     | $                       | 12.60 |     | $ | 12.09 |     |                       | (14.13 | )% |     | (15.05 | )% |
| May 2023           |     | $                    | 11.30 |     | $ | 10.56 |     | $                       | 12.63 |     | $ | 12.22 |     |                       | (10.53 | )% |     | (13.58 | )% |
| February 2023      |     | $                    | 12.15 |     | $ | 11.16 |     | $                       | 12.96 |     | $ | 12.37 |     |                       |  (6.25 | )% |     | (9.78  | )% |
| November 2022      |     | $                    | 13.94 |     | $ | 11.61 |     | $                       | 12.54 |     | $ | 11.71 |     |                       |  11.16 | %  |     | (0.85  | )% |

The NAV per Common
Share, the market price and percentage of premium/(discount) to NAV per Common Share on April 14, 2025 was $ 11.31 , $ 11.79 , 4.24% , respectively. As of April 14, 2025, the Fund had 11,597,297 Common Shares outstanding, and net assets applicable to Common Shares of $131,117,293. See “Repurchase of Fund
Shares; Conversion to Open-End Fund” in the accompanying prospectus.

### USE OF PROCEEDS
Assuming the sale of
all of the Common Shares offered under this Prospectus Supplement and the accompanying prospectus, at the last reported sale price of $ 11.79 per share for Common Shares on the NYSE as of April 14, 2025, the Fund estimates that the