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AI brief of an SEC Form 8-K · NUVEEN SELECT TAX FREE INCOME PORTFOLIO (NXP)

Nuveen Select Tax-Free Income Portfolio amends by-laws, suspends control share provision

Neutral Impact 3 of 5 legal/regulatory Written later

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.

Key points

  • 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

The filing

CompanyNUVEEN SELECT TAX FREE INCOME PORTFOLIO (NXP)
Form8-K, current report
Filed with the SECFeb 25, 2022, 7:13 AM ET
Accession number0001193125-22-053250

Items reported: 7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:29 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.