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Nuveen AMT-Free Municipal Credit Income Fund (NVG)

NVG 8-K filings in 2022

Every material Form 8-K Nuveen AMT-Free Municipal Credit 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.

Briefs in 202213 on record in all
Latest filing in 2022Feb 25, 2022legal/regulatory
High impact (4-5)1of 1 brief
ToneNeutral1
Feb 25, 6:20 AM ET

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

Neutral legal/regulatory Written later 7.01

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.

  • 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.
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