Nuveen Massachusetts Fund Sets Virtual Shareholder Meeting for Board Elections

TL;DR

**NMT's virtual annual meeting is a routine board election, signaling stable governance and no immediate red flags for investors.**

AI Summary

Nuveen Massachusetts Quality Municipal Income Fund (NMT) is holding its Annual Meeting of Shareholders on December 18, 2025, at 2:00 p.m. Central time, as a virtual event. The primary purpose of the meeting is the election of Board Members. For NMT, shareholders will elect five Board Members: three Class I Board Members by holders of Common Shares and Preferred Shares voting together, and two Board Members by holders of Preferred Shares only. As of October 22, 2025, NMT had 9,760,126 Common Shares and 740 VRDP Series 1 Preferred Shares outstanding. The Board unanimously recommends voting FOR the election of all Board Member nominees, including current Class I nominees Forrester, Kenny, and Young, and Preferred Share nominees Moschner and Wolff. This DEF 14A filing also covers similar elections for Nuveen Arizona Quality Municipal Income Fund (NAZ), Nuveen California AMT-Free Quality Municipal Income Fund (NKX), Nuveen California Municipal Value Fund (NCA), and Nuveen California Quality Municipal Income Fund (NAC), indicating a consolidated proxy statement approach.

Why It Matters

This DEF 14A filing outlines the upcoming virtual Annual Meeting for NMT and several other Nuveen municipal bond funds, primarily for the election of Board Members. For investors, the composition of the Board of Trustees is crucial as these individuals oversee the fund's management, strategy, and risk, directly impacting investment performance and shareholder value. The unanimous recommendation by the Board for the re-election of current members suggests continuity in governance, which can be a stabilizing factor in the competitive municipal bond fund market. Employees and customers are indirectly affected by the stability and strategic direction set by the Board, influencing the fund's long-term viability and service quality.

Risk Assessment

Risk Level: low — The filing is a routine Definitive Proxy Statement (DEF 14A) primarily for the election of Board Members, which is a standard corporate governance event. There are no proposals indicating significant strategic shifts, mergers, or contentious issues that would introduce high risk. The unanimous recommendation for Board Member elections further suggests a lack of internal conflict.

Analyst Insight

Investors should review the qualifications of the Board Member nominees to ensure they align with their investment philosophy and governance expectations. Given the routine nature, no immediate action beyond voting is required, but shareholders should participate to ensure their voice is heard in maintaining fund oversight.

Financial Highlights

total Assets

$N/A

total Debt

$N/A

Key Numbers

• December 18, 2025 — Annual Meeting Date (Date of the virtual shareholder meeting)
• 2:00 p.m. — Annual Meeting Time (Central time for the virtual shareholder meeting)
• October 22, 2025 — Record Date (Shareholders of record entitled to vote)
• 9,760,126 — Common Shares Outstanding (NMT Common Shares as of October 22, 2025)
• 740 — VRDP Series 1 Preferred Shares Outstanding (NMT Preferred Shares as of October 22, 2025)
• 5 — Board Members to be elected for NMT (Total number of Board Members up for election for NMT)
• 3 — Class I Board Members to be elected for NMT (Elected by Common and Preferred Shares together)
• 2 — Board Members to be elected by Preferred Shares for NMT (Elected by Preferred Shares only)

Key Players & Entities

• Nuveen Massachusetts Quality Municipal Income Fund (company) — Registrant for DEF 14A filing
• Nuveen Arizona Quality Municipal Income Fund (company) — Fund included in joint proxy statement
• Nuveen California AMT-Free Quality Municipal Income Fund (company) — Fund included in joint proxy statement
• Nuveen California Municipal Value Fund (company) — Fund included in joint proxy statement
• Nuveen California Quality Municipal Income Fund (company) — Fund included in joint proxy statement
• Mark L. Winget (person) — Vice President and Secretary
• Joseph A. Boateng (person) — Board Member nominee
• Michael A. Forrester (person) — Class I Board Member nominee
• SEC (regulator) — Securities and Exchange Commission
• NYSE (regulator) — New York Stock Exchange

FAQ

Industry Context

Nuveen Massachusetts Quality Municipal Income Fund operates within the closed-end municipal bond fund sector. This sector is characterized by its focus on providing tax-advantaged income, primarily to investors in Massachusetts. The industry is sensitive to interest rate changes and municipal credit quality. Competition exists among various fund managers offering similar income-focused, tax-exempt investment vehicles.

Regulatory Implications

As a registered investment company, NMT is subject to SEC regulations governing proxy solicitations, board composition, and shareholder voting. The consolidated proxy statement approach for multiple Nuveen funds aims for efficiency but requires careful adherence to disclosure rules for each fund. Compliance with rules regarding quorum determination and voting procedures, including broker non-votes, is critical.

What Investors Should Do

1. Vote your shares
2. Review Board Nominees
3. Understand Voting Rights
4. Attend the Virtual Meeting (Optional)

Key Dates

• 2025-12-18: Annual Meeting of Shareholders — Shareholders will vote on the election of Board Members and other business.
• 2025-10-22: Record Date — Shareholders of record on this date are entitled to vote at the Annual Meeting.
• 2025-11-06: Date of Proxy Statement Mailing — Indicates when the official solicitation of proxies began.
• 2025-11-11: First Mailing of Joint Proxy Statement — Marks the official start of the proxy voting period for shareholders.

Glossary

DEF 14A

A filing with the U.S. Securities and Exchange Commission (SEC) that provides detailed information to shareholders about matters to be voted on at an annual meeting, including the election of directors. (This document is the primary source of information for shareholders regarding the upcoming annual meeting and the proposals to be voted on.)

Board of Trustees

The governing body responsible for overseeing the operations and management of the fund. (Shareholders are being asked to elect members to the Board of Trustees.)

Common Shares

The basic form of ownership in a corporation or fund, representing a claim on assets and earnings. (Holders of Common Shares will vote on the election of three Class I Board Members.)

Preferred Shares

A class of ownership in a corporation or fund that has a higher claim on assets and earnings than common equity, often with fixed dividends. (Holders of Preferred Shares will vote on the election of two Board Members separately, and also vote with Common Shares for three Class I Board Members.)

VRDP Shares

Variable Rate Demand Preferred Shares, a type of preferred stock with a variable dividend rate and a feature allowing holders to 'put' or sell the shares back to the issuer under certain conditions. (These are the specific type of preferred shares outstanding for NMT, and their holders have a distinct voting right for certain board members.)

Class I Board Members

A category of Board Members elected for a specific term, often staggered, and in this case, elected by a combined vote of Common and Preferred Shareholders. (Three of the five Board Members for NMT are Class I members to be elected by both common and preferred shareholders.)

Broker Non-Vote

Shares held by a broker or nominee for which voting instructions have not been received from the beneficial owner and the broker does not have discretionary voting power. (These shares are counted for quorum purposes but will not be voted on specific proposals if the broker lacks discretionary authority and no instructions are given.)

Year-Over-Year Comparison

This filing is a proxy statement for an annual meeting and does not contain comparative financial performance data like revenue or net income from a prior year's annual report. The key information pertains to the upcoming shareholder meeting, the election of directors, and the voting process. The structure of the board election, with separate voting classes for common and preferred shareholders, is a recurring element in such filings for closed-end funds with preferred stock.

Key Financial Figures

• $0.01 — Common shares of beneficial interest, $0.01 par value, of each Fund are collectivel

Filing Documents

• d33095ddef14a.htm (DEF 14A) — 427KB
• g33095g20a48.jpg (GRAPHIC) — 175KB
• g33095g20a49.jpg (GRAPHIC) — 186KB
• g33095g20a56.jpg (GRAPHIC) — 126KB
• g33095g20a57.jpg (GRAPHIC) — 176KB
• g33095g58b43.jpg (GRAPHIC) — 52KB
• 0001193125-25-269521.txt ( ) — 1412KB

From the Filing

DEF 14A 1 d33095ddef14a.htm NUVEEN MASSACHUSETTS QUALITY MUNICIPAL INCOME FUND Nuveen Massachusetts Quality Municipal Income Fund UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Securities Exchange Act of 1934 (Amendment No. ) Filed by the RegistrantFiled by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement. Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)). Definitive Proxy Statement. Definitive Additional Materials. Soliciting Material under 240.14a-12 Nuveen Massachusetts Quality Municipal Income Fund (NMT) (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 Notice of Annual Meeting of Shareholders to be held on December 18, 2025 333 West Wacker Drive Chicago, Illinois 60606 (800) 257-8787 November 6, 2025 Nuveen Arizona Quality Municipal Income Fund (NAZ) Nuveen California AMT-Free Quality Municipal Income Fund (NKX) Nuveen California Municipal Value Fund (NCA) Nuveen California Quality Municipal Income Fund (NAC) Nuveen Massachusetts Quality Municipal Income Fund (NMT) To the Shareholders of the Above Funds: Notice is hereby given that the Annual Meeting of Shareholders of each of Nuveen Arizona Quality Municipal Income Fund ("Arizona Quality"), Nuveen California AMT-Free Quality Municipal Income Fund ("California AMT-Free"), Nuveen California Municipal Value Fund ("California Value"), Nuveen California Quality Municipal Income Fund ("California Quality") and Nuveen Massachusetts Quality Municipal Income Fund ("Massachusetts Quality"), each a Massachusetts business trust (each, a "Fund" and collectively, the "Funds"), will be held on Thursday, December 18, 2025, at 2:00 p.m., Central time (for each Fund, an "Annual Meeting" and collectively, the "Annual Meetings"), for the following purposes and to transact such other business, if any, as may properly come before the Annual Meeting. We will be hosting this year's Annual Meeting as a completely virtual meeting of shareholders, which will be conducted online via live webcast. You will be able to attend and participate in the Annual Meeting online, vote your shares electronically and submit your questions prior to and during the meeting by visiting: www.meetnow.global/MDDDMSP at the meeting date and time described in the accompanying Joint Proxy Statement. If your shares are registered in your name, to participate in the Annual Meeting, you will need to log on using the control number from your proxy card or meeting notice. The control number can be found in the shaded box. If your shares are held through an intermediary, you will need to register for the Annual Meeting at least three (3) business days prior to the Annual Meeting. Instructions for registering are set forth in the enclosed Joint Proxy Statement. There is no physical location for the Annual Meeting. Matters to Be Voted on by Shareholders: 1. To elect Members to the Board of Trustees (each a "Board" and each Trustee a "Board Member") of each Fund as outlined below: a. For Arizona Quality, California AMT-Free, California Quality and Massachusetts Quality, to elect five (5) Board Members. i) three (3) Class I Board Members to be elected by the holders of Common Shares and Preferred Shares, voting together as a single class; and ii) two (2) Board Members to be elected by the holders of Preferred Shares only, voting separately as a single class. b. For California Value, to elect four (4) Class I Board Members. 2. To transact such other business as may properly come before the Annual Meeting. Shareholders of record at the close of business on October 22, 2025 are entitled to notice of and to vote at the Annual Meeting. While all shareholders are cordially invited to attend the virtual Annual Meeting, we encourage you to vote your shares promptly, whether or not you plan to attend the virtual Annual Meeting in order to avoid delay and additional expense and to assure that your shares are represented. You may vote by mail, telephone or over the Internet. To vote by mail, please mark, sign, date and mail the enclosed proxy card. No postage is required if mailed in the United States. To vote by telephone, please call the toll-free number located on your proxy card and follow the recorded instructions, using your proxy card as a guide. To vote over the Internet, go to the Internet address provided on your proxy card and follow the instructions, using your proxy card as a guide. Mark L. Winget Vice President and Secretary Joint Proxy Statement 333 West Wacker Drive Chicago, Illinois 60606 (800) 257-8787 November 6,

View Full Filing

View this DEF 14A filing on SEC EDGAR