NUVEEN MASSACHUSETTS QUALITY MUNICIPAL INCOME FUND (NMT)
NMT 8-K filings, explained
Every material Form 8-K NUVEEN MASSACHUSETTS 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. Aside from that change, the by-laws are identical to the prior version, and the full text is filed as Exhibit 3.1.
Board adopted amended and restated by-laws on February 28, 2024
Control share provisions eliminated; their effectiveness had been suspended since February 24, 2022
All other by-law terms are unchanged; full text filed as Exhibit 3.1
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. Four independent trustees, Joseph A. Boateng, Michael A. Forrester, Thomas J. Kenny and Loren M. Starr, will join the board effective January 1, 2024, and the board will be set at twelve members; the company expects cost savings and other benefits for shareholders, while trustees Jack B. Evans and William C. Hunter are expected to retire December 31, 2023.
Board size will be set at 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.
Jack B. Evans and William C. Hunter expected to retire effective December 31, 2023 under board retirement policy.
Fund Complex expects cost efficiencies and expense savings that would benefit Fund shareholders.
On February 24, 2022, the fund's Board of Trustees amended its by-laws to suspend the control share provision after the U.S. District Court for the Southern District of New York granted summary judgment in favor of Saba Capital Management on February 18, 2022. The by-law will remain of no force and effect while the court judgment is effective and will be reinstated automatically if the judgment is reversed or nullified; the Board and the fund intend to appeal the ruling.
Board adopted Amendment No. 1 to the by-laws on February 24, 2022, per the 8-K and Exhibit 3.1.
Control share by-law was adopted in October 2020; Saba filed its complaint on January 14, 2021, alleging it violates Section 18(i) of the Investment Company Act of 1940.
Court ruling dated February 18, 2022; the Board and the funds intend to appeal the District Court's decision.
The change applies to multiple Nuveen closed-end funds, including Nuveen Massachusetts Quality Municipal Income Fund (NYSE: NMT).
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 MASSACHUSETTS QUALITY MUNICIPAL INCOME FUND filing is on SEC EDGAR ↗. 8-K briefs of other companies →