Flash FinanceUS
Market closed S&P 5007,549.94+2.35% Nasdaq25,253.14+2.74% Dow 3052,389.75+2.15% Russell 20002,840.81+3.15% Nasdaq-10027,907.62+3.40% MidCap 4003,715.23+3.13% SmallCap 6001,722.37+2.89% VIX19.92-22.31% 10Y Yield4.86+0.10% Close of Nov 09, 2026
AI brief of an SEC Form 8-K · NUVEEN SELECT MATURITIES MUNICIPAL FUND (NIM)

Nuveen Select Maturities Municipal 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 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.

Key points

  • 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

The filing

CompanyNUVEEN SELECT MATURITIES MUNICIPAL FUND (NIM)
Form8-K, current report
Filed with the SECFeb 25, 2022, 7:06 AM ET
Accession number0001193125-22-053168

Items reported: 7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:29 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.