NUVEEN NEW YORK QUALITY MUNICIPAL INCOME FUND (NAN)
NAN 8-K filings, explained
Every material Form 8-K NUVEEN NEW YORK QUALITY MUNICIPAL INCOME FUND has filed with the SEC since February 25, 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.
On February 28, 2024, the fund's Board of Trustees adopted amended and restated by-laws that eliminate the fund's "control share" provisions, which had already been suspended since February 24, 2022. Apart from that change, the amended by-laws are identical to the prior by-laws, and the revised document is filed as Exhibit 3.1.
Board adopted amended and restated by-laws on February 28, 2024
Control share provisions eliminated; their effectiveness had been suspended since February 24, 2022
No other changes to the by-laws, per the filing; full text filed as Exhibit 3.1
The fund's board and those of related Nuveen and TIAA-CREF funds agreed to consolidate board membership so the funds are overseen by the same board members. Four trustees, Joseph A. Boateng, Michael A. Forrester, Thomas J. Kenny and Loren M. Starr, will join the board as independent members effective January 1, 2024, and the board will have twelve members. The filing says the consolidation is expected to generate cost savings that would benefit shareholders, but it does not quantify those savings.
Board size set at twelve members effective January 1, 2024
Joseph A. Boateng, Michael A. Forrester, Thomas J. Kenny and Loren M. Starr appointed as independent board members effective January 1, 2024
Trustees Jack B. Evans and William C. Hunter are expected to retire effective December 31, 2023
Filing expects cost efficiencies and expense savings but gives no dollar amount
On February 24, 2022, the fund's Board of Trustees amended its by-laws to suspend the control share provision, which limits voting rights for shareholders who acquire large stakes unless other shareholders approve. The change followed a February 18, 2022 District Court summary judgment for Saba Capital Management in its challenge to the provision, and the Board says it intends to appeal the ruling, so the suspension could be reversed.
Board adopted Amendment No. 1 to the by-laws on February 24, 2022
Saba Capital Management filed its civil complaint on January 14, 2021, alleging the provision violates Section 18(i) of the Investment Company Act of 1940
District Court granted summary judgment in Saba's favor on February 18, 2022
The control share provision will automatically reinstate if the judgment is reversed, overturned, vacated, stayed, or otherwise nullified
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 NEW YORK QUALITY MUNICIPAL INCOME FUND filing is on SEC EDGAR ↗. 8-K briefs of other companies →