Every material Form 8-K NUVEEN NEW YORK 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 of Trustees adopted Amended and Restated By-Laws on February 28, 2024, eliminating the control share provisions. The control share provisions had been suspended since February 24, 2022. The filing states that the rest of the by-laws are unchanged.
Board adopted amended by-laws on February 28, 2024
Control share provisions had been suspended since February 24, 2022
Apart from removing these provisions, the amended by-laws are identical to the prior by-laws
Amended by-laws filed as Exhibit 3.1; report dated March 6, 2024
The fund's board, along with boards of other Nuveen and TIAA-CREF funds, approved consolidating board membership so that the funds are overseen by the same board members. Four independent trustees will join the fund's board on January 1, 2024, and two current members are expected to retire on December 31, 2023, with the filing stating the consolidation should benefit fund shareholders through cost savings and expense reductions.
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 were appointed as independent board members effective January 1, 2024.
Jack B. Evans and William C. Hunter are expected to retire effective December 31, 2023 under board retirement policies.
The filing says the consolidation is expected to generate cost efficiencies and expense savings for fund shareholders.
The fund's board adopted an amendment on February 24, 2022, suspending the control share provision of its by-laws. The change followed a February 18, 2022 U.S. District Court summary judgment in favor of Saba Capital Management on claims that the provision violates the Investment Company Act of 1940. The by-law would be automatically reinstated if the court's judgment is reversed, overturned, vacated, stayed or otherwise nullified, and the board intends to appeal.
Board adopted Amendment No. 1 to the by-laws on February 24, 2022, suspending the Control Share By-Law.
District Court granted summary judgment to Saba on February 18, 2022, on its claims for rescission and declaratory judgment.
The by-law reinstates automatically if the court judgment is reversed, overturned, vacated, stayed or 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 NEW YORK MUNICIPAL INCOME FUND filing is on SEC EDGAR ↗. 8-K briefs of other companies →