Nuveen California Quality Municipal Income Fund (NAC) Form 3 Nuveen California Quality Municipal Income Fund / Chase Bank, N.A. JPMorgan ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

JPMorgan Chase Bank, N.A.

(Last) (First) (Middle)

1111 POLARIS PARKWAY

(Street)

COLUMBUS OH 43240

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/17/2020

3. Issuer Name and Ticker or Trading Symbol
Nuveen California Quality Municipal Income Fund [ NAC ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Series 5 Variable Rate Demand Preferred Shares	1,589(1)	I(1)	By Trust(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The 1,589 Series 5 Variable Rate Demand Preferred Shares ("VRDP Shares") reported as acquired in Table I represent VRDP Shares of the Issuer beneficially owned by JPMorgan Chase Bank, National Association ("JPMCB"). On June 18, 2020 JPMCB acquired the VRDP Shares from the Issuer and on June 25, 2020, JPMCB deposited the VRDP Shares into a trust designated as the J.P. Morgan PUTTERs/DRIVERs, Series 5038 Trust (the "Trust"). JPMCB, as a beneficiary of the Trust and through its contractual rights, retains an indirect beneficial ownership in the VRDP Shares.

Remarks:

	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, by: /s/ Sean Saroya	06/25/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
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