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AI brief of an SEC Form 8-K · Nuveen AMT-Free Municipal Credit Income Fund (NVG)

Nuveen AMT-Free Municipal Credit Income Fund suspends control share by-law after court ruling

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 limits voting rights for shareholders who acquire common shares in a control share acquisition. The change followed a February 18, 2022 U.S. District Court summary judgment in favor of Saba Capital Management on its claims that the provision violates Section 18(i) of the Investment Company Act of 1940. The Board and the Funds intend to appeal the ruling.

Key points

  • Board adopted Amendment No. 1 to the Amended and Restated By-Laws on February 24, 2022.
  • On February 18, 2022, the U.S. District Court for the Southern District of New York granted Saba summary judgment on rescission and declaratory judgment.
  • If the court judgment is reversed, overturned, vacated, stayed or otherwise nullified, the control share provision is automatically reinstated.
  • The Board and the Funds intend to appeal the District Court's decision.

The filing

CompanyNuveen AMT-Free Municipal Credit Income Fund (NVG)
Form8-K, current report
Filed with the SECFeb 25, 2022, 6:20 AM ET
Accession number0001193125-22-053100

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.