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Nuveen New York fund revises share proceeds use

Pending investment, proceeds are anticipated to go into government securities or high-quality short-term money market instruments; they may also fund distributions.

(Neutral)

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Form Type
424B3

Rhea-AI Filing Summary

Nuveen New York AMT-Free Quality Municipal Income Fund revised the stated use of net proceeds from Common Share issuances: proceeds will be invested in accordance with the Fund’s investment objective and policies. The Fund anticipates it can invest substantially all net proceeds in investments meeting those objectives and policies within approximately three months after receipt. Pending investment, proceeds are anticipated to be invested in short- or long-term securities issued by the U.S. Government and its agencies or instrumentalities, or in high-quality short-term money market instruments. Proceeds may also be used to pay shareholder distributions.

Anticipated investment period approximately three months After receipt of net proceeds
net proceeds financial
"net proceeds from the issuance of Common Shares"
The amount of money a company actually keeps from a sale or fundraising after paying all direct costs and fees, similar to take-home pay after taxes and deductions. Investors care because net proceeds determine how much cash is available for things that affect value—paying debt, funding projects, buying assets, or returning money to shareholders—so it influences future growth potential and financial health.
investment objective and policies financial
"meet the Fund’s investment objective and policies"
money market instruments financial
"high-quality, short-term money market instruments"
Offering Type shelf
Securities Offered Common Shares
Use of Proceeds Net proceeds will be invested in accordance with the Fund’s investment objective and policies. The Fund anticipates investing substantially all net proceeds in qualifying investments within approximately three months of receipt. Pending investment, proceeds are anticipated to be invested in short- or long-term securities issued by the U.S. Government and its agencies or instrumentalities, or in high-quality short-term money market instruments. Proceeds may also be used to pay distributions to shareholders.

FAQ

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How does NRK expect to use proceeds from Common Share issuances?

NRK anticipates investing substantially all net proceeds in investments that meet its investment objective and policies within approximately three months after receipt. Pending investment, proceeds are anticipated to be invested in short- or long-term securities issued by the U.S. Government and its agencies or instrumentalities, or in high-quality short-term money market instruments; proceeds may also pay shareholder distributions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

Filed Pursuant to Rule 424(b)(3)
Registration No. 333-298713

 

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE: NRK)

(the “Fund”)

 

Supplement Dated October 2, 2026

to the Fund’s Prospectus Supplement Dated September 2, 2026 (the “Prospectus Supplement”)

 

The second paragraph in the section of the Prospectus Supplement titled “Use of Proceeds” is hereby deleted and replaced with the following:

 

The net proceeds from the issuance of Common Shares hereunder will be invested in accordance with the Fund’s investment objective and policies as set forth in the accompanying prospectus. The Fund currently anticipates that it will be able to invest substantially all of the net proceeds in investments that meet the Fund’s investment objective and policies within approximately three months of the receipt of such proceeds. Pending investment, it is anticipated that the proceeds will be invested in short-term or long-term securities issued by the U.S. Government and its agencies or instrumentalities or in high-quality, short-term money market instruments. In addition, the Fund may use such proceeds to pay distributions to shareholders.

 

 

 

PLEASE KEEP THIS WITH YOUR

FUND’S PROSPECTUS SUPPLEMENT

FOR FUTURE REFERENCE

 

EGN-NRKP-1026P

  

 

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