DEFA14A: Nuveen Funds Adjourn Annual Shareholder Meetings to Solicit Additional Votes

Nuveen Multi-Asset Income Fund and three other funds have adjourned their annual shareholder meetings to May 31, 2024, to gather more votes on key business items.

Summary

• Nuveen Core Plus Impact Fund (NPCT), Nuveen Variable Rate Preferred & Income Fund (NPFD), Nuveen Multi-Asset Income Fund (NMAI), and Nuveen Real Asset Income and Growth Fund (JRI) have adjourned their annual shareholder meetings.
• The adjournment is to allow for further solicitation of shareholder votes regarding the items of business to be voted on by common and preferred shareholders.
• Preferred shareholders of NPCT and NPFD elected Trustee nominees at the initial meeting.
• The reconvened Annual Meetings will take place on May 31, 2024, at Nuveen's offices in Chicago, with staggered times for each fund.
• The record date of January 19, 2024, for shareholders entitled to vote remains unchanged.
• Shareholders are encouraged to vote online, by phone, or by mail using the provided WHITE proxy card.

Sentiment

Score: 6

Explanation: The sentiment is neutral. While the adjournment itself isn't inherently positive or negative, it indicates a need for greater shareholder engagement. The company is taking steps to ensure proper voting, which is a positive sign for corporate governance.

Positives

• The adjournment provides shareholders with an extended opportunity to participate in the voting process.
• The company is actively seeking to ensure sufficient shareholder representation and decision-making.

Risks

• Low shareholder turnout could indicate a lack of engagement or dissatisfaction with fund performance or management.
• The need for adjournment suggests potential difficulties in achieving quorum or securing necessary approvals for proposed resolutions.

Future Outlook

The funds will proceed with the reconvened Annual Meetings on May 31, 2024, where shareholders will vote on the applicable items of business.

Industry Context

Fund companies often adjourn shareholder meetings to ensure sufficient shareholder participation and approval of key proposals, especially in cases where initial turnout is low.

Stakeholder Impact

• Shareholders have an extended opportunity to vote on important fund matters.
• The adjournment may delay the implementation of certain business decisions pending shareholder approval.

Next Steps

• Shareholders are encouraged to vote using the provided WHITE proxy card.
• The reconvened Annual Meetings will be held on May 31, 2024.
• The Funds will continue to solicit shareholder votes.

Key Dates

Keywords

Annual Meeting, Shareholder Vote, Nuveen, Proxy Solicitation, Adjournment, Funds