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AI brief of an SEC Form 8-K · NUVEEN NEW YORK AMT-FREE QUALITY MUNICIPAL INCOME FUND (NRK)

Nuveen New York AMT-Free Quality Municipal Income Fund suspends control share by-law

Neutral Impact 4 of 5 legal/regulatory Written later

On February 24, 2022, the fund's Board of Trustees amended the by-laws to suspend the control share provision, which limited voting rights for shares acquired in a control share acquisition unless other shareholders approved. The change follows a February 18, 2022 U.S. District Court summary judgment in favor of Saba Capital Management, which had claimed the provision violates Section 18(i) of the Investment Company Act of 1940. The Board and the funds intend to appeal, and the provision would be automatically reinstated if the judgment is reversed or nullified.

Key points

  • Saba Capital Management filed the civil complaint on January 14, 2021.
  • The District Court granted summary judgment for Saba on February 18, 2022.
  • The Board amended the by-laws on February 24, 2022, suspending the control share by-law.
  • The by-law reinstates automatically if the District Court judgment is reversed, overturned, vacated, stayed or otherwise nullified.

The filing

CompanyNUVEEN NEW YORK AMT-FREE QUALITY MUNICIPAL INCOME FUND (NRK)
Form8-K, current report
Filed with the SECFeb 25, 2022, 7:02 AM ET
Accession number0001193125-22-053219

Items reported: 7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 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.