Every material Form 8-K NUVEEN SELECT MATURITIES MUNICIPAL 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 'control share' provisions, whose effectiveness had been suspended since February 24, 2022. Apart from that change, the by-laws are identical to the prior version, and the filing attaches them as Exhibit 3.1.
Board adopted amended and restated by-laws on February 28, 2024
Control share provisions eliminated; they had been suspended since February 24, 2022
The fund's board and the boards of related Nuveen and TIAA-CREF funds approved consolidating their memberships so the same board members oversee all funds in the complex. Four independent board members, Joseph A. Boateng, Michael A. Forrester, Thomas J. Kenny and Loren M. Starr, will join the board effective January 1, 2024, with the board set at twelve members; the filing says this is expected to generate cost savings that benefit shareholders.
Board size will be 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
Current trustees Jack B. Evans and William C. Hunter are expected to retire effective December 31, 2023
Expected benefits include cost efficiencies, expense savings and eliminating duplicate board work
On February 24, 2022, the fund's Board of Trustees amended the by-laws to suspend the control share provision, which limits voting rights for shareholders who acquire common 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 on claims that the by-law violates the Investment Company Act of 1940; the board and the funds intend to appeal that decision.
February 18, 2022: District Court 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 is in effect
The by-law would be automatically reinstated if the judgment is reversed, overturned, vacated, stayed or otherwise nullified
The Board and the Funds intend to appeal the District Court's decision
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 SELECT MATURITIES MUNICIPAL FUND filing is on SEC EDGAR ↗. 8-K briefs of other companies →