Nuveen Minnesota Quality Municipal Income Fund amends by-laws, suspends control share provision
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.
Key points
- 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
The filing
Written by AI on Nov 9, 2026, 8:38 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.