NPFD.NYSENuveen Variable Rate Preferred & Income Fund

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

Sentiment:

Proxy Statement

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Nuveen funds will hold a virtual annual meeting on April 17, 2025, to elect board members and conduct other business.

Summary

  • Nuveen funds have announced their annual shareholder meeting to be held virtually on April 17, 2025, at 2:00 p.m. Central Time.
  • The meeting will cover the election of board members for various funds, including Nuveen Core Equity Alpha Fund, Nuveen Core Plus Impact Fund, and others.
  • Shareholders of record as of February 18, 2025, are entitled to vote.
  • Voting can be done by mail, telephone, or online.
  • The proxy statement is first being mailed to shareholders on or about March 7, 2025.
  • The meeting will be a completely virtual meeting of shareholders, which will be conducted online via live webcast.

Sentiment

Score: 7

Explanation: The document is a standard proxy statement, indicating a neutral to slightly positive sentiment as it reflects routine corporate governance.

Positives

  • Shareholders have multiple options for voting: by mail, telephone, or over the Internet.
  • The virtual meeting format allows for broader participation.
  • The Board of each Fund has determined that the use of this Joint Proxy Statement for each Annual Meeting is in the best interest of each Fund and its shareholders.

Risks

  • Failure of a quorum to be present at any Annual Meeting will necessitate adjournment and will subject that Fund to additional expense.
  • If shareholders do not provide proxy instructions, broker-dealer firms may vote shares on certain proposals at their discretion, potentially diluting individual shareholder influence.

Future Outlook

The document outlines the process for the upcoming annual meeting and provides information for shareholders to participate in the governance of the funds.

Industry Context

This announcement is a standard procedure for investment funds to ensure corporate governance and shareholder participation.

Stakeholder Impact

  • Shareholders have the opportunity to influence the direction of the funds through voting.
  • The election of board members impacts the oversight and management of the funds.

Next Steps

  • Shareholders should review the proxy statement and vote on the proposals.
  • Shareholders can attend the virtual annual meeting on April 17, 2025.

Key Dates

DateDescription
February 18, 2025Record date for shareholders entitled to notice of and to vote at the Annual Meeting.
March 4, 2025Date of the Notice of Annual Meeting of Shareholders and Joint Proxy Statement.
March 7, 2025Approximate date the Joint Proxy Statement is first being mailed to shareholders.
April 17, 2025Date of the Annual Meeting of Shareholders at 2:00 p.m. Central time.
November 7, 2025Deadline for shareholder proposals to be considered for presentation at the 2026 annual meeting.
December 7, 2025Earliest date for shareholders to submit written notice of a proposal submitted outside of the process of Rule 14a-8 for the Annual Meeting.
December 22, 2025Latest date for shareholders to submit written notice of a proposal submitted outside of the process of Rule 14a-8 for the Annual Meeting.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.