Nuveen Minnesota Quality Municipal Income Fund (NMS)
NMS 8-K filings, explained
Every material Form 8-K Nuveen Minnesota 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.
The fund's board adopted Amended and Restated By-Laws on February 28, 2024, eliminating 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 does not describe any financial impact.
Board of Trustees adopted the Amended and Restated By-Laws on February 28, 2024.
The control share provisions had been suspended since February 24, 2022.
Amended by-laws are filed as Exhibit 3.1 to the 8-K.
The fund's board, along with boards of other Nuveen and TIAA-CREF fund complex funds, approved consolidating board membership so the funds are overseen by the same board members. Thomas J. Kenny and Loren M. Starr will join the fund's board as independent members effective January 1, 2024, and trustees Jack B. Evans and William C. Hunter are expected to retire effective December 31, 2023.
Board size will be set at ten members effective January 1, 2024.
Thomas J. Kenny and Loren M. Starr appointed as independent board members effective January 1, 2024.
Joseph A. Boateng and Michal A. Forrester invited to serve as board consultants effective January 1, 2024.
Jack B. Evans and William C. Hunter expected to retire effective December 31, 2023.
On February 24, 2022, the fund's board adopted Amendment No. 1 to its by-laws, suspending the control share by-law after a U.S. District Court granted summary judgment to Saba Capital Management on February 18, 2022. The by-law would be automatically reinstated if the court judgment is reversed, overturned, vacated, stayed or otherwise nullified, and the board intends to appeal, which matters to shareholders because it changes voting rights for anyone acquiring common shares in a control share acquisition.
Board adopted Amendment No. 1 to the Amended and Restated By-Laws on February 24, 2022
District Court granted summary judgment in favor of Saba on rescission and declaratory judgment claims on February 18, 2022
Control share by-law, adopted in October 2020, is suspended while the court judgment remains effective and will reinstate if the judgment is 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 Minnesota Quality Municipal Income Fund filing is on SEC EDGAR ↗. 8-K briefs of other companies →