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AI brief of an SEC Form 8-K · NUVEEN NEW YORK QUALITY MUNICIPAL INCOME FUND (NAN)

Nuveen New York Quality Municipal Income Fund suspends control share by-law after court ruling

Neutral Impact 3 of 5 legal/regulatory Written later

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.

Key points

  • 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

The filing

CompanyNUVEEN NEW YORK QUALITY MUNICIPAL INCOME FUND (NAN)
Form8-K, current report
Filed with the SECFeb 25, 2022, 6:57 AM ET
Accession number0001193125-22-053153

Items reported: 7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:28 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.