Company: NAZ
Filing Date: 2025-04-15
Form Type: N-2/A
Source: 0001999371-25-004231
Chunk: 101

Company: NUVEEN ARIZONA QUALITY MUNICIPAL INCOME FUND
Filing Date: 2025-04-15
Form: N-2/A
Chunk 101
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 by the Fund and another advisory account. If an aggregated order cannot be filled completely, allocations will generally be made on a pro rata basis. An order may not be allocated on a pro rata basis where, for example (i) consideration is given to portfolio managers who have been instrumental in developing or negotiating a particular investment; (ii) consideration is given to an account with specialized investment policies that coincide with the particulars of a specific investment; (iii) pro rata allocation would result in odd-lotor de minimis amounts being allocated to a portfolio or other client; or (iv) where Nuveen Asset Management reasonably determines that departure from a pro rata allocation is advisable. There may also be instances where the Fund will not participate at all in a transaction that is allocated among other accounts. While these allocation procedures could have a detrimental effect on the price or amount of the securities available to the Fund from time to time, it is the opinion of the Board that the benefits available from Nuveen Asset Management’s management outweigh any disadvantage that may arise from Nuveen Asset Management’s larger management activities and its need to allocate securities. Substantially all of the Fund’s trades are effected on a principal basis. The following table sets forth the aggregate amount of brokerage commissions paid by the Fund for the last three fiscal years and six-month period ended August 31, 2024:

| Fiscal                               
 year ended February 28, 2022         
 Fiscal                               
 year ended February 28, 2023         |     | Brokerage Commissions Paid | — 
 — |
|:-------------------------------------|:----|:---------------------------|:--|
| Fiscal                               
 year ended February 29, 2024         |     | $                          | — |
| Fiscal Period Ended August 31, 2024* |     | $                          | — |

* Effective March 1, 2024, the Funds’ fiscal and tax year ends changed from February 28/29 to August 31. During the fiscal year ended August 31, 2024, the Fund did not pay commissions to brokers in return for research services or hold any securities of its regular broker-dealers. 51 TAX MATTERS The following is intended to be a general summary of certain U.S. federal income tax consequences of investing, holding and disposing of Common Shares of the Fund. It is not intended to be a complete discussion of all such federal income tax consequences, nor does it purport to deal with all categories of investors (including investors in Common Shares with