Nuveen Minnesota Quality Municipal Income Fund (NMS) and Nuveen Virginia Quality Municipal Income Fund (NPV) shareholders are being asked to approve a merger into Nuveen Municipal Credit Income Fund (NZF). The merger is expected to provide potential for higher earnings before and after taxes, lower total operating expenses excluding leverage, and greater liquidity.
As of March 31, 2026, the combined fund’s pro-forma common earnings yield was 5.36%, compared with 4.13% for NMS and 4.32% for NPV; the listed changes were +1.23% and +1.04%, respectively. The combined fund’s pro-forma taxable equivalent rate was 8.91%, with listed changes of +0.66% for NMS and +0.95% for NPV. These pro-forma figures are estimates based on assumptions in the proxy materials and do not reflect actual combined results.
Nuveen Minnesota Quality Municipal Income Fund (NMS) is asking shareholders to support its merger into Nuveen Municipal Credit Income Fund (NZF). The merger is expected to provide the potential for higher before- and after-tax earnings, lower total operating expenses (excluding leverage), and greater liquidity.
As of March 31, 2026, the table lists NMS’s common earnings yield at 4.13% and taxable equivalent rate at 8.25%; the combined fund’s pro forma estimates are 5.36% and 8.91%, respectively. The combined-fund figures are estimates based on assumptions described in the proxy materials and do not reflect actual combined results. The special meeting was adjourned and will reconvene on December 3, 2026. Shareholders who have already voted need not act unless they wish to change their vote.
For Nuveen Minnesota Quality Municipal Income Fund (NMS), Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated jointly reported purchases of 100 shares and sales of 100 shares of common stock on October 20, 2026. Purchases were 18 shares at $10.2150 and 82 at $10.2502; sales were 18 shares at $10.1750 and 82 at $10.2150. Bank of America reported an indirect interest through its 100% ownership of Merrill Lynch, and both reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest. No Rule 10b5-1 plan is reported.
Nuveen Minnesota Quality Municipal Income Fund (NMS) redeemed 20 Adjustable Rate MuniFund Term Preferred Shares, Series 2028, held by Banc of America Preferred Funding Corporation, on October 13, 2026. The redemption price was the liquidation preference plus accumulated but unpaid dividends. Banc of America Preferred Funding Corp. and its parent, Bank of America Corporation, each reported as a ten-percent owner, reported the disposition; the reported position after the transaction was 478 shares.
Nuveen Minnesota Quality Municipal Income Fund (NMS) redeemed 20 AMTP Shares held by Banc of America Preferred Funding Corp. on October 13, 2026. The redemption price was the liquidation preference plus accumulated but unpaid dividends. After the redemption, the reporting persons reported beneficial ownership of 478 AMTP Shares, representing 100.0% of the class.
Nuveen Minnesota Quality Municipal Income Fund (NMS) revised the use-of-proceeds terms for Common Shares issued under its prospectus supplement. The Fund anticipates investing substantially all net proceeds within approximately three months of receipt in investments that meet its objectives and policies. Pending investment, proceeds are expected to be invested in U.S. Government or agency securities or high-quality, short-term money market instruments. The Fund may also use proceeds to pay shareholder distributions.
Nuveen Minnesota Quality Municipal Income Fund (NMS), as part of the Nuveen Closed End Funds complex, is promoting shareholder participation in an upcoming shareholder meeting scheduled for September 24, 2026. The Board is recommending a “FOR” vote on a proposal described in the proxy statement and is emphasizing the importance of reaching the quorum needed to hold the meeting and avoid adjournment. Shareholders are urged to vote, regardless of the number of shares owned, and may do so quickly by telephone, with assistance available to answer questions and record votes.
Nuveen Minnesota Quality Municipal Income Fund (NMS) had an initial insider ownership report filed by Margot Kleinman, identified as a Portfolio Manager. The Form 3 does not list any transactions or current holdings of the fund’s securities for this reporting person.