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

Nuveen Core Plus Impact Fund, Nuveen Variable Rate Preferred & Income Fund, Nuveen Multi-Asset Income Fund, and Nuveen Real Asset Income and Growth Fund have adjourned their annual shareholder meetings to May 31, 2024, to gather more votes on key business items.

Summary

• Nuveen has adjourned the annual meetings for four of its funds: 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).
• The adjournment is to allow for further solicitation of shareholder votes regarding the items of business to be acted upon.
• 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.
• Preferred shareholders of NPCT and NPFD voted to elect Trustee nominees.
• Shareholders are encouraged to vote online, by phone, or by mail using the provided WHITE proxy card.
• Computershare Fund Services can be contacted for questions about the proposals.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a procedural announcement about adjourning a meeting.

Positives

• Nuveen is actively seeking shareholder input by extending the voting period.
• Shareholders have multiple options for voting (online, phone, mail).
• Contact information is provided for shareholders with questions.

Risks

• Low shareholder turnout could impact the outcome of the votes.
• The need for adjournment suggests potential difficulty in achieving desired voting results.

Future Outlook

The outcome of the shareholder votes at the reconvened annual meetings will determine the future direction of the funds.

Industry Context

Adjourning shareholder meetings to solicit more votes is not uncommon in the investment management industry when facing challenges in achieving quorum or desired voting outcomes.

Stakeholder Impact

• Shareholders are directly impacted as they are being asked to vote on important matters.
• The outcome of the votes will affect the funds' strategies and performance, ultimately impacting shareholder returns.

Next Steps

• Shareholders need to vote on the proposals using the provided proxy materials.
• Nuveen will continue to solicit shareholder votes until the reconvened annual meetings on May 31, 2024.

Key Dates

Keywords

annual meeting, shareholder vote, Nuveen, NPCT, NPFD, NMAI, JRI, proxy, adjournment