Nuveen Virginia Quality Municipal Income Fund (NPV) is asking shareholders to support its merger into Nuveen Municipal Credit Income Fund (NZF). As of March 31, 2026, the comparison lists a pro-forma common earnings yield of 4.32% for NPV and 5.36% for the combined fund, with a stated +1.04% change for Virginia. The taxable equivalent rate is 7.96% for NPV and 8.91% for the combined fund, with a stated +0.95% change.
The merger is expected to provide the potential for higher earnings on a before- and after-tax basis, lower total operating expenses excluding leverage, and greater liquidity. Pro-forma figures are estimates based on assumptions described in the proxy materials and do not reflect actual combined results; past performance is no guarantee of future results. The adjourned shareholder meeting will reconvene on December 3, 2026.
Nuveen Virginia Quality Municipal Income Fund (NPV) is asking shareholders to vote on a proposal to merge NPV into Nuveen Municipal Credit Income Fund (NZF). The materials say 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 pro forma combined fund's common earnings yield was listed at 5.36%, compared with 4.32% for NPV; its taxable equivalent rate was 8.91%, compared with 7.96% for NPV. These pro forma figures are estimates based on assumptions in the proxy materials and do not reflect actual combined results. NPV's special meeting will reconvene on December 3, 2026. Shareholders who have voted need take no action unless they wish to change their vote; only the most recent vote received before the meeting counts.
Nuveen Virginia Quality Municipal Income Fund (NPV) revised the use-of-proceeds terms for Common Shares issued under its prospectus supplement. The Fund anticipates investing substantially all net proceeds in investments that meet its objective and policies within approximately three months of receiving them. Pending investment, proceeds are anticipated to be invested in securities issued by the U.S. Government and its agencies or instrumentalities, or in high-quality, short-term money market instruments. The Fund may also use proceeds to pay shareholder distributions.
NUVEEN VIRGINIA QUALITY MUNICIPAL INCOME FUND (NPV) provides shareholder communications, via Computershare, urging investors in the Nuveen Closed End Funds to vote on a proposal to be considered at a shareholder meeting scheduled for September 24, 2026. The Board of the Nuveen Closed End Funds recommends a “FOR” vote on the proposal, which is described in the proxy statement. Shareholders are repeatedly encouraged to vote by telephone at 877-739-7802, using a personal reference number, to help ensure sufficient participation to hold the meeting without adjournment.
NUVEEN VIRGINIA QUALITY MUNICIPAL INCOME FUND (NPV) reported an initial statement of beneficial ownership on Form 3 for Margot Kleinman, identified as a Portfolio Manager. The filing lists no equity transactions or current holdings for this reporting person.
NUVEEN VIRGINIA QUALITY MUNICIPAL INCOME FUND (NPV) reported an initial statement of beneficial ownership for Kristen Dejong, who is identified as a Portfolio Manager. The filing lists no reportable holdings or transactions in the fund’s securities as of the filing date.
NUVEEN VIRGINIA QUALITY MUNICIPAL INCOME FUND (NPV) filed an initial statement of beneficial ownership (Form 3) for Parth Doshi, who is identified as a Vice President of the fund. The filing reports no equity transactions or holdings, and includes no Rule 10b5-1 trading plan affirmation.
Nuveen’s three single-state municipal closed-end funds — Massachusetts (NMT), Minnesota (NMS) and Virginia (NPV) — report strong results for the year ended May 31, 2026. NMT, NMS and NPV delivered 9.58%, 10.24% and 10.54% NAV total returns, each outpacing their respective S&P state municipal bond indexes.
The Board approved mergers of NMS and NPV into Nuveen Municipal Credit Income Fund (NZF), each pending shareholder approval and other closing conditions. Effective July 31, 2026, all three funds will refine their 80% investment policy to focus on investment-grade municipal securities based on “Assets” rather than “Managed Assets.”
The funds maintain sizable leverage, with effective leverage around 39–40%, enhancing income but increasing NAV volatility. NPV’s common shareholders received $0.8010 per share in net investment income distributions, with a 6.79% market yield and 12.68% taxable-equivalent yield. NPV also issued 1,078,800 common shares via an equity shelf at a slight premium to NAV.