Nuveen Municipal Credit Opps Fund SEC Filings

Nuveen Municipal Credit Opportunities Fund is offering up to $66,642,327 of Common Shares under a prospectus supplement dated March 12, 2026. The Fund intends to distribute shares primarily through "at the market" sales, subject to a Minimum Price equal to NAV plus distributor commission.

The prospectus cites the last reported market price of $10.65 and an NAV of $10.73 per share as of March 9, 2026. As of that date the Fund reported 55,389,329 Common Shares outstanding and net assets applicable to Common Shares of $594,529,801.

Nuveen Municipal Credit Opportunities Fund filed a shelf registration to offer up to $276,642,327 of common shares, preferred shares and/or subscription rights on an immediate, continuous or delayed basis. The prospectus describes the Fund’s primary objective to provide a high level of current income exempt from regular U.S. federal income tax and a secondary objective of total return.

The Fund is a diversified, closed-end management investment company whose Common Shares trade on the NYSE under NMCO. As of March 3, 2026, the Fund reported NAV per share of $10.73, market price $10.87, 55,354,557 Common Shares outstanding and net assets applicable to Common Shares of $594,118,612. The Fund has a limited term with a stated termination date of October 1, 2031, subject to board extensions or an Eligible Tender Offer.

Nuveen Municipal Credit Opportunities Fund and related Nuveen closed‑end funds are asking shareholders to elect board members at virtual annual meetings on April 16, 2026. The meetings will be held online only via live webcast, with record date February 9, 2026, and multiple Nuveen funds voting concurrently.

Shareholders can attend virtually using a control number and may vote by mail, telephone or Internet. Common and preferred shareholders, where applicable, will elect different classes of trustees, with preferred holders in several funds also choosing two dedicated board members.

The proxy details quorum rules, how broker non‑votes and NYSE Rule 452 proportionate voting work for various series of preferred shares, and explains that all nominees are independent. It also outlines the unitary board structure, committee responsibilities, and updated compensation for independent trustees across the Nuveen fund complex.

Nuveen Municipal Credit Opportunities Fund officer Joseph Castro filed an initial Form 3 as an insider of the fund. Castro is listed as EVP, Chief Risk & Compliance, and the filing does not show any share transactions or reported holdings in the transaction section.

Nuveen Municipal Credit Opportunities Fund reported offsetting insider trades involving entities associated with Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated. On February 17, 2026, they executed an open-market purchase of 1,400 common shares at about $10.745 per share and an open-market sale of 1,400 common shares at about $10.7401 per share, resulting in no shares held afterward.

The reporting persons describe their interest as indirect through Merrill Lynch and formally disclaim beneficial ownership except to any pecuniary interest. They also state that any profit potentially recoverable under Section 16(b) if they were greater-than-10% beneficial owners will be remitted to the fund.

Nuveen’s municipal closed-end funds report modest results for the year ended October 31, 2025. At net asset value, NVG returned 2.23%, NZF 2.52%, NMZ 2.16%, NMCO 0.28% and NDMO 2.48%, with each fund trailing its stated municipal bond benchmark.

The funds maintained steady monthly distributions, with total 12‑month payouts per common share of $0.9480 for NVG, $0.9540 for NZF, $0.7860 for NMZ, $0.8220 for NMCO and $0.7440 for NDMO, producing market yields between 7.03% and 7.55% and higher taxable‑equivalent yields.

Leverage remains a core tool: effective leverage ranged from 29.66% (NDMO) to 42.24% (NMCO, which held municipal bonds equal to 166.6% of net assets). NVG, NMZ, NMCO and NDMO obtained SEC authorization for common share equity shelf programs, and NMZ, NMCO and NDMO issued new common shares at small premiums to NAV. Open‑market repurchase programs stayed unused during the period. The board also approved a merger of three state‑specific Nuveen municipal funds into NMZ, pending shareholder approval.

Bank of America Corporation and its subsidiary Merrill Lynch, Pierce, Fenner & Smith Incorporated jointly reported same‑day trades in Nuveen Municipal Credit Opportunities Fund common shares. On 12/29/2025, they indirectly purchased 1,500 shares at $10.195 per share and later sold 1,500 shares at $10.21 per share, leaving 0 shares beneficially owned after the transactions.

The reporting persons state that Bank of America’s interest is indirect through its 100% ownership of Merrill Lynch and expressly disclaim beneficial ownership except to any pecuniary interest. They also state that, without conceding greater‑than‑10% beneficial owner status or Section 16 applicability, any profit potentially recoverable by the fund under Exchange Act Section 16(b) from these transactions will be remitted to the issuer.

Nuveen Municipal Credit Opportunities Fund reported an insider stock sale by a board member. On 12/11/2025, the insider sold 250 common shares at $10.69 and another 7,675 common shares at $10.68 in sale transactions coded "S." After these trades, the insider’s directly owned position in the fund’s common stock was reported as 0.0000 shares.