High-yield allocation rule updated at Nuveen Multi-Market (JMM)

Rhea-AI Filing Summary

Nuveen Multi-Market Income Fund is updating its investment policies effective April 30, 2026. The Fund will continue to allow investments of up to 35% of its Managed Assets in lower-than-investment-grade, or “high yield”/“junk,” bonds and similar investments.

The change replaces the prior reference to total assets with Managed Assets as the base for this 35% limit, while keeping the non-investment-grade allocation cap itself unchanged.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

High-yield limit: 35% of Managed Assets Policy effective date: April 30, 2026

2 metrics

High-yield limit 35% of Managed Assets Maximum allocation to non-investment-grade investments

Policy effective date April 30, 2026 Date revised investment policy takes effect

Key Terms

Managed Assets, non-investment-grade, high yield, junk bonds, +1 more

5 terms

Managed Assets financial

"The Fund may invest up to 35% of its Managed Assets in investments..."

Managed assets are the financial investments—such as stocks, bonds, cash, or real estate—that a professional firm or advisor oversees and makes decisions about on behalf of clients. They matter to investors because the amount and performance of these assets influence a manager’s revenue, reputation, and the client’s potential returns, much like the size and health of a garden reflect a gardener’s skill and likely harvest.

non-investment-grade financial

"investments that, at the time of purchase, are rated lower than investment grade..."

high yield financial

"These non-investment-grade investments are commonly referred to as “high yield” or “junk” bonds."

High yield describes an investment that offers a higher-than-average return, usually in the form of interest or dividends, because it carries greater risk of loss or default. Investors pay attention to high-yield opportunities like they would to a higher-paying job that comes with tougher conditions: they can boost income but require careful evaluation of the extra risk and the issuer’s ability to make promised payments.

junk bonds financial

"These non-investment-grade investments are commonly referred to as “high yield” or “junk” bonds."

Bonds issued by companies with weaker financial strength that pay higher interest to compensate for a greater chance the issuer may fail to make payments — like lending money to someone with a shaky income who offers to pay more interest. Investors watch junk bonds because they can boost income and returns, but they also increase the risk of loss and portfolio swings, so they are chosen only when the potential reward justifies taking extra credit risk.

investment policies financial

"the Fund will implement the below changes to its investment policies."

Understanding 8-K Material Events →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 29, 2026

Nuveen Multi-Market Income Fund

(Exact name of registrant as specified in its charter)

Massachusetts		811-05642		41-1999198
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)
333 West Wacker Drive Chicago, Illinois				60606
(Address of principal executive offices)				(Zip Code)

Registrant’s telephone number, including area code: (800) 257-8787

(Former name or former address, if changed since last report): N/A

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Shares of Beneficial Interest		JMM		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01. Other Events.

Changes to Investment Policies and Portfolio Contents

Effective April 30, 2026, Nuveen Multi-Market Income Fund (NYSE: JMM) (the “Fund”) will implement the below changes to its investment policies.

1. The following policies will no longer be applicable to the Fund:

§ Under normal circumstances, the Fund will invest at least 65% of its total assets in securities that are rated investment grade at the time of purchase or are unrated and of comparable quality as determined by the Fund’s investment adviser.

§ Under normal circumstances, the Fund will not purchase futures or options on futures or sell futures if as a result the sum of the initial margin deposits on the Fund’s existing futures positions and premiums paid for outstanding options on futures contracts would exceed 5% of the Fund’s total assets. (For options that are “in-the-money” at the time of purchase, the amount by which the option is “in-the-money” is excluded from this calculation).

2. The existing policy below will be updated to refer to “Managed Assets” instead of “total assets” and to replace references to “securities” with “investments”:

Prior Policy	New Policy
The Fund may invest up to 35% of its total assets in securities that, at the time of purchase, are rated lower than investment grade or of comparable quality. These non-investment-grade securities are commonly referred to as “high yield” or “junk” bonds.	The Fund may invest up to 35% of its Managed Assets in investments that, at the time of purchase, are rated lower than investment grade or of comparable quality. These non-investment-grade investments are commonly referred to as “high yield” or “junk” bonds.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		Nuveen Multi-Market Income Fund
Date: April 29, 2026		By:		/s/ Mark L. Winget
				Mark L. Winget
				Vice President and Secretary

FAQ

What policy change did Nuveen Multi-Market Income Fund (JMM) disclose?

Nuveen Multi-Market Income Fund updated its investment policy to base its high-yield allocation limit on Managed Assets instead of total assets, while keeping the 35% cap on non-investment-grade, or “junk,” investments unchanged.

When does Nuveen Multi-Market Income Fund’s new investment policy take effect?

The revised investment policy for Nuveen Multi-Market Income Fund becomes effective on April 30, 2026. From that date, the 35% limit on non-investment-grade holdings will be calculated using Managed Assets rather than total assets.

What is the maximum high-yield allocation for Nuveen Multi-Market Income Fund (JMM)?

The Fund may invest up to 35% of its Managed Assets in non-investment-grade, high-yield or “junk” bonds and comparable investments. This percentage limit remains the same as before the policy wording change.

How did Nuveen Multi-Market Income Fund previously measure its high-yield limit?

Previously, the Fund measured its up-to-35% limit on non-investment-grade securities using total assets as the reference base. The updated policy now uses Managed Assets to calculate that same 35% investment cap.

Does Nuveen Multi-Market Income Fund’s filing change the risk cap on junk bonds?

The filing does not change the 35% cap itself on non-investment-grade, high-yield or “junk” investments. It only changes the measurement base from total assets to Managed Assets for calculating that 35% limit.