Every material Form 8-K NUVEEN SELECT TAX FREE INCOME PORTFOLIO 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 that eliminate the previously included control share provisions, whose effectiveness had been suspended since February 24, 2022. Apart from that change, the by-laws are identical to the prior version, according to the filing.
Board adopted amended and restated by-laws on February 28, 2024
Control share provisions eliminated; they had been suspended since February 24, 2022
All other by-law terms are unchanged; full by-laws filed as Exhibit 3.1
The fund's board, along with other funds in the Nuveen and TIAA-CREF fund complex, approved consolidating board membership so the same board members oversee all funds in the complex. Four independent trustees will join the board on January 1, 2024, and the board will have twelve members; the company says this is expected to reduce costs and expenses that would benefit shareholders.
Joseph A. Boateng, Michael A. Forrester, Thomas J. Kenny and Loren M. Starr appointed as independent board members effective January 1, 2024
Board size set at twelve members effective January 1, 2024
Trustees Jack B. Evans and William C. Hunter expected to retire effective December 31, 2023 under board retirement policies
Company states the consolidation is expected to generate cost efficiencies and expense savings for fund shareholders
The Board of Trustees adopted Amendment No. 1 to the Fund's by-laws on February 24, 2022, suspending the control share by-law. The change followed a February 18, 2022 U.S. District Court ruling granting summary judgment to Saba Capital Management on its claims, and the Board and Funds intend to appeal that decision. The control share provision limited voting rights for shareholders who acquired shares in a control share acquisition, so its suspension changes that protection while the court judgment remains in effect.
Board of Trustees adopted Amendment No. 1 to the Amended and Restated By-Laws on February 24, 2022
U.S. District Court for the Southern District of New York granted summary judgment to Saba on February 18, 2022, on rescission and declaratory judgment claims
The control share by-law is of no force while the judgment is effective and reinstates automatically if the judgment is reversed 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 SELECT TAX FREE INCOME PORTFOLIO filing is on SEC EDGAR ↗. 8-K briefs of other companies →