Form 4: Nuveen Municipal Credit Income Fund Trustee Reports Acquisition of Shares

Robert L. Young, a trustee of Nuveen Municipal Credit Income Fund, reports acquiring 16,131 shares of common stock at $12.4 per share on July 2, 2024.

Summary

• On July 2, 2024, Robert L. Young, a trustee of Nuveen Municipal Credit Income Fund (NZF), acquired 16,131 shares of common stock.
• The purchase price was $12.4 per share.
• Following the transaction, Mr. Young directly owns 16,131 shares.
• The transaction was reported on a Form 4 filing with the SEC.
• Robert L. Young has granted power of attorney to Kevin J. McCarthy, Christopher M. Rohrbacher and Mark L. Winget to execute forms on his behalf.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. The trustee's purchase could be seen as slightly positive, but it's not a strong signal.

Positives

• A trustee's purchase of shares may signal confidence in the fund's prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders of a company (officers, directors, or any individuals owning more than 10% of a company's shares) buy or sell the company's securities. These filings provide transparency to the market regarding insider transactions.

Comparison to Industry Standards

• Analyzing similar Form 4 filings from other closed-end funds and municipal bond funds can provide context.
• Comparing the size of the purchase to the trustee's existing holdings and to similar purchases by other fund trustees can be informative.
• Companies like BlackRock, PIMCO, and Eaton Vance also have closed-end funds, and their insider transaction patterns can be compared.

Stakeholder Impact

• The trustee's purchase may have a slightly positive impact on shareholder sentiment.

Key Dates