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NUVEEN NEW YORK QUALITY MUNICIPAL INCOME FUND (NAN)

NAN 8-K filings in 2022

Every material Form 8-K NUVEEN NEW YORK 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.

Briefs in 202213 on record in all
Latest filing in 2022Feb 25, 2022legal/regulatory
High impact (4-5)0of 1 brief
ToneNeutral1
Feb 25, 6:57 AM ET

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

Neutral legal/regulatory Written later 7.01

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
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