DEF: Nuveen Funds Announce Annual Shareholder Meeting to Elect Board Members

Nuveen funds have scheduled a virtual annual meeting on April 17, 2025, to elect board members and address other business matters.

Summary

• Nuveen Core Plus Impact Fund and other Nuveen Funds will hold their Annual Meeting of Shareholders on April 17, 2025, at 2:00 p.m. Central Time.
• The meeting will be entirely virtual, conducted online via live webcast at meetnow.global/M7K7VYT.
• Shareholders of record as of February 18, 2025, are entitled to notice and to vote at the Annual Meeting.
• The primary purpose of the meeting is to elect members to the Board of Trustees for each fund.
• For certain funds, Board Members will be elected by holders of Common Shares and Preferred Shares, voting together as a single class.
• For funds with Preferred Shares outstanding, holders of Preferred Shares will separately elect two Board Members.
• Shareholders can vote by mail, telephone, or over the Internet, as detailed in the proxy card.
• The Joint Proxy Statement is being mailed to shareholders on or about March 7, 2025.
• A quorum is required to take action at each Annual Meeting, consisting of a majority of shares entitled to vote, represented in person or by proxy.
• The affirmative vote of a plurality of shares present and entitled to vote will be required to elect each Board Member.

Sentiment

Score: 7

Explanation: The document is a standard proxy statement, which is generally neutral in sentiment. It provides necessary information for shareholders to make informed decisions.

Positives

• The virtual meeting format allows for broader shareholder participation.
• Multiple voting methods (mail, telephone, internet) provide flexibility for shareholders.
• Detailed information is provided regarding the election process and voting rights for different share classes.

Risks

• Failure to achieve a quorum at any Annual Meeting will necessitate adjournment and additional expense.
• The by-laws include provisions that could delay the replacement of a majority of the Board.

Future Outlook

The document outlines the process for the upcoming annual meeting and provides information for shareholders to participate in the election of board members.

Industry Context

This announcement is a standard procedure for registered investment companies, ensuring shareholder participation in corporate governance.

Comparison to Industry Standards

• The structure of the board and its committees, as well as the disclosure of board member compensation and ownership, align with industry best practices for closed-end funds.
• The virtual meeting format is increasingly common, reflecting a trend towards greater accessibility and cost-effectiveness.
• The detailed disclosure of potential conflicts of interest and related-party transactions is consistent with regulatory requirements and promotes transparency.

Stakeholder Impact

• Shareholders have the opportunity to influence the governance of the funds through the election of board members.
• The outcome of the board elections can impact the funds' strategies and performance, affecting shareholder value.

Next Steps

• Shareholders should review the proxy statement and vote on the election of board members.
• Shareholders can attend the virtual Annual Meeting on April 17, 2025, to participate in discussions and vote their shares.

Key Dates