SCHEDULE: Ameriprise Financial Discloses Stake in Nuveen Mortgage Fund

Ameriprise Financial, Inc. and its subsidiary Ameriprise Financial Services, LLC have reported beneficial ownership of 5.4% of Nuveen Mortgage and Income Fund's common stock as of March 31, 2026.

Summary

• Ameriprise Financial, Inc. (AFI) and Ameriprise Financial Services, LLC (AFS) have filed a Schedule 13G, indicating their beneficial ownership of Nuveen Mortgage and Income Fund's common stock.
• As of March 31, 2026, AFS beneficially owns 296,505 shares, representing 5.4% of the class of securities.
• AFI, as the parent company of AFS, may also be deemed to beneficially own these shares.
• Both AFI and AFS disclaim beneficial ownership of any shares reported herein, suggesting these holdings are managed in the ordinary course of business and not for the purpose of influencing control of the issuer.
• The filing is made under Rule 13d-1(b), classifying AFS as an 'Investment Adviser' (IA) and AFI as a 'Holding Company' (HC).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It's a routine disclosure of beneficial ownership without any indication of positive or negative performance, strategic shifts, or significant events related to the Nuveen Mortgage and Income Fund itself.

Positives

• Ameriprise Financial entities hold a significant stake (5.4%) in the Nuveen Mortgage and Income Fund, suggesting confidence or strategic investment.
• The filing confirms that the securities were acquired and are held in the ordinary course of business, not for control purposes, which is a standard certification for institutional investors.
• The reporting is timely, with the event date being March 31, 2026, and the filing date May 15, 2026.

Negatives

• Both reporting entities explicitly disclaim beneficial ownership, which could imply a lack of direct control or a purely passive investment role, potentially limiting their influence or commitment.
• The filing does not provide details on the cost basis or specific investment strategy behind acquiring these shares.

Risks

• Potential for increased scrutiny from regulators if the holdings are perceived to be for influencing control, despite the certification.
• Market volatility affecting the value of the Nuveen Mortgage and Income Fund's common stock, impacting the value of Ameriprise's investment.

Future Outlook

The filing does not contain forward-looking statements or guidance. It is a disclosure of current beneficial ownership.

Management Comments

• "Each of AFI and AFS disclaims beneficial ownership of any shares reported herein."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are standard for institutional investors acquiring more than 5% of a company's stock. This filing indicates Ameriprise Financial's presence in the mortgage and income fund sector, a segment often influenced by interest rate environments and real estate market dynamics.

Stakeholder Impact

• Shareholders of Nuveen Mortgage and Income Fund: The disclosure confirms a significant institutional investor's stake, which could be perceived positively by some as validation, but the disclaimer of control suggests limited direct impact on fund strategy.
• Ameriprise Financial Shareholders: The investment represents a portion of Ameriprise's broader asset management activities. The performance of this stake will contribute to overall company results.

Next Steps

• Ameriprise Financial will continue to hold or manage its stake in the Nuveen Mortgage and Income Fund.
• Future filings will be required if ownership levels change significantly or if the nature of the holding changes.

Key Dates

Keywords

Schedule 13G, Ameriprise Financial, Nuveen Mortgage and Income Fund, Beneficial Ownership, Common Stock, Investment Adviser, Holding Company, SEC Filing, Institutional Investor