Nuveen NY Muni Fund Files Proxy Statement

TL;DR

Nuveen NY Muni Fund filed its DEFA14A proxy statement. Standard stuff.

AI Summary

Nuveen New York AMT-Free Quality Municipal Income Fund filed a DEFA14A proxy statement on August 14, 2024. This filing is related to the fund's operations and governance, as indicated by the proxy statement format. The filing does not contain specific financial figures or proposals that would typically be detailed in a DEFA14A, suggesting it may be a routine or administrative filing.

Why It Matters

This filing is a standard regulatory disclosure for Nuveen New York AMT-Free Quality Municipal Income Fund, providing shareholders with information relevant to fund governance and operations.

Risk Assessment

Risk Level: low — The filing is a routine DEFA14A proxy statement, which typically contains administrative and governance information rather than high-risk financial transactions.

Key Players & Entities

• NUVEEN NEW YORK AMT-FREE QUALITY MUNICIPAL INCOME FUND (company) — Registrant
• Nuveen New York AMT-Free Quality Municipal Income Fund (company) — Fund Name
• 333 WEST WACKER DRIVE (location) — Business Address
• CHICAGO (location) — Business Address City
• IL (location) — Business Address State
• 60606 (location) — Business Address Zip
• 3129178146 (phone_number) — Business Phone

FAQ

Key Financial Figures

• $1.2 — al and individual investors. Nuveen has $1.2 trillion in assets under management as

Filing Documents

• d815279ddefa14a.htm (DEFA14A) — 20KB
• g815279logo.jpg (GRAPHIC) — 7KB
• 0001193125-24-199900.txt ( ) — 31KB

From the Filing

NEW YORK AMT-FREE QUALITY MUNICIPAL INCOME FUND Nuveen New York AMT-Free Quality Municipal Income Fund UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant Filed 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 Pursuant to 240.14a-12 Nuveen New York AMT-Free Quality Municipal Income Fund (Exact 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 below per Exchange Act Rules 14a-6(i)(1) and 0-11. Nuveen New York AMT-Free Quality Municipal Income Fund Receives Support from Glass Lewis for Nuveens Board Nominees and Against Dissident Termination Proposal Recommendation from Glass Lewis Follows Full Suppprt From Institutional Shareholder Services NEW YORK, August 13, 2024 Nuveen announced today that Glass Lewis, a leading independent proxy advisory firm, recommended that shareholders vote on the WHITE proxy card FOR ALL Board nominees of Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE: NRK), and AGAINST the proposal to terminate Nuveen as the Funds investment advisor put forth by a dissident shareholder in connection with the Funds annual meeting scheduled for August 15, 2024. Glass Lewis recommendation follows a report from Institutional Shareholder Services (ISS) recommending that shareholders vote in favor of all incumbent Board nominees and against the termination proposal. In their report, Glass Lewis supported all of the Boards independent and qualified nominees: Joanne T. Medero, Loren M. Starr, and Matthew Thornton III. In issuing its recommendation, Glass Lewis rejected the nominees submitted by the dissident. We thank Glass Lewis for its sound judgment in recommending shareholders support the Funds incumbent Trustees and reject the proposal to terminate Nuveen as investment advisor. Glass Lewis was correct to highlight NRKs strong performance, the shareholder-friendly actions the Board has taken, and the overall quality of the Boards nominees. Under Nuveens stewardship, NRK continues to deliver outperformance with underlying strong governance for the benefit of all shareholders. We appreciate their continued support ahead of the upcoming meeting, said Dave Lamb, Head of Nuveen Closed-End Funds. Important statements by Glass Lewis 1 in issuing its voting recommendations for the Funds Board Nominees and against the termination proposal include: The Funds Manager and Trustees Have Taken Actions to Deliver Strong Performance, Address Discounts and Enhance Distributions for the Benefit of All Shareholders We recognize that the discount narrowed after the Fund implemented an enhanced distribution policy in October 2023, and we credit the board for taking deliberate action to address the discount. We recognize that the Fund outperformed relative to the peer group selected by the incumbent board over all periods discussed above, including over longer-term periods ended June 30, 2024 and over several unaffected periods prior to Karpuss initial Schedule 13D filing. 1 Permission to quote from the Glass Lewis report was neither sought nor obtained. The Dissidents Unqualified Nominees Have No Board Experience and No Expertise in Closed-End Funds With respect to the Dissident Nominees, we are somewhat concerned that the three candidates do not appear to have any prior closed-end fund experience or other relevant fund management experience, nor do they appear to have prior board experience at investment funds or other public companies. Overall, we find that the Management Nominees appear generally better qualified to serve as trustees of the Fund than the Dissident Nominees, including given their prior board and executive experience. The Dissident Offered No Compelling Plan to Create Value for All Shareholders [the Dissident] may be seeking a liquidity event at the Fund and may have interests that are not aligned with the interests of other shareholders, in our view, particularly shareholders who may prefer to maintain exposure to the Fund as a closed-end vehicle. we do not believe that Karpus has offered a sufficiently compelling case that electing the Dissident Nominees or supporting the Dissidents shareholder proposal to terminate the Funds investment advisory agreement is warranted or likely to lead to a more favorable outcome for all shareholders, particularly longer-term shareholders and shareholders who presumedly invested in the Fund for the purpose of gaining exposure t

View Full Filing

View this DEFA14A filing on SEC EDGAR