Every material Form 8-K NUVEEN NEW YORK MUNICIPAL INCOME FUND filed with the SEC in 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 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 →