Board Announces Removal of Merger Proposals from Annual Meeting Agenda
The Boards of Trustees of Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) and Nuveen Quality Municipal Income Fund (NYSE:NAD) as well as Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) and Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) announce the removal of a previously approved merger proposal from each funds’ upcoming shareholder meeting agenda.
- The Boards of Trustees of Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) and Nuveen Quality Municipal Income Fund (NYSE:NAD) as well as Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) and Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) announce the removal of a previously approved merger proposal from each funds’ upcoming shareholder meeting agenda.
- Previously, the Board of Trustees of each respective fund approved the merger of NXJ into NAD and the merger of NMT into NEA.
- The Boards of Trustees of each fund considered current market conditions and other relevant considerations for each fund in assessing whether to move forward with the proposed merger.
- It was determined that the proxy solicitation process and its associated costs would not be in the best interests of each fund’s shareholders, therefore resulting in the removal of the merger proposal from the upcoming shareholder meeting agendas.