Nuveen California Quality Municipal Income Fund (NAC)
NAC 8-K filings in 2022
Every material Form 8-K Nuveen California Quality Municipal Income Fund filed with the SEC in 2022, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
The fund's board amended its by-laws on February 24, 2022 to suspend the control share provision, which limits voting rights for shareholders who acquire shares in a control share acquisition. The change follows a February 18, 2022 U.S. District Court summary judgment in favor of Saba Capital Management, which ruled the provision violates Section 18(i) of the Investment Company Act of 1940. The board and the fund intend to appeal the ruling, and the provision would be automatically reinstated if the judgment is reversed or nullified.
Board adopted Amendment No. 1 to the by-laws on February 24, 2022
Control Share By-Law was adopted in October 2020 and is now of no force while the court judgment is in effect
District Court granted summary judgment to Saba on February 18, 2022, on claims for rescission and declaratory judgment
Board and fund intend to appeal; the by-law reinstates automatically if the judgment is reversed, vacated or stayed
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Nuveen California Quality Municipal Income Fund filing is on SEC EDGAR ↗. 8-K briefs of other companies →