Nuveen Real Estate Income Fund amends by-laws, suspends control share provision
The fund's Board of Trustees amended its by-laws on February 24, 2022, to suspend the control share by-law after a federal court ruled against the provision in a lawsuit brought by Saba Capital Management. The Board says it intends to appeal the District Court's decision, and the control share provision would be automatically reinstated if that judgment is reversed or nullified, which matters to shareholders because it affects how large holders of common shares can vote.
Key points
- February 18, 2022: U.S. District Court for the Southern District of New York granted summary judgment in favor of Saba on its claims for rescission and declaratory judgment
- February 24, 2022: Board amended the by-laws so the control share by-law has no force and effect while the court judgment remains effective
- If the judgment is reversed, overturned, vacated, stayed, or otherwise nullified, the control share by-law is automatically reinstated
- The Board and the fund intend to appeal the District Court's decision
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 25, 2022.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.