Nuveen Municipal Credit Income SEC Filings

Nuveen’s municipal closed-end funds report modest gains but lag benchmarks for the year ended October 31, 2025. Nuveen Municipal Credit Income Fund (NZF) delivered a 2.52% total return at net asset value (NAV), below its blended benchmark’s 3.75%, while its market price return was stronger at 7.55%. The fund maintained steady monthly distributions of $0.0795 per share, totaling $0.9540 for the year, implying a market yield of 7.55% and a taxable-equivalent yield of 12.76% for investors in higher tax brackets.

Across the complex, NVG, NMZ, NMCO and NDMO also posted positive but benchmark-lagging NAV returns, and all employ significant leverage; NZF’s effective leverage was 40.24% with regulatory leverage of 34.60%. Several funds used equity shelf programs to issue new common shares at small premiums to NAV, while an authorized share repurchase program saw no buybacks during the period. The board approved a planned merger of three state-specific municipal funds into NMZ, and the independent auditor issued an unqualified opinion on the funds’ financial statements.

Bank of America Corporation and its subsidiary Merrill Lynch jointly reported short-term trading in Nuveen Municipal Credit Income Fund common shares. On 01/02/2026, they indirectly purchased 6,075 shares at $12.61 per share and, on the same date, indirectly sold 6,075 shares at $12.515 per share, leaving 0 shares beneficially owned after the transactions.

The reporting persons state that their interest in the securities is indirect through Merrill Lynch, and they formally disclaim beneficial ownership except to the extent of any pecuniary interest. They also state that, without conceding greater-than-10% owner status or the applicability of short-swing rules, any profit potentially recoverable under Section 16(b) from these trades will be remitted to the fund.

Nuveen Municipal Credit Income Fund reported an insider transaction involving its common stock. On 12/11/2025, a reporting person acquired 6,677 shares at a price of $12.725 per share. Following this purchase, the reporting person beneficially owned 6,677 shares of the fund’s common stock, held as a direct ownership position.

Nuveen Municipal Credit Income Fund (NZF) filed a Form 3, the initial statement of beneficial ownership under Section 16. The reporting person is an officer (VP and Treasurer) and reported no securities beneficially owned as of the event date.

The event date is 09/10/2025. The form was signed under a Power of Attorney by Mark L. Winget.

Nuveen Municipal Credit Income Fund (NZF) had a set of intraday transactions reported on Form 4 by Bank of America Corporation and its subsidiary Merrill Lynch. On 08/19/2025 the Reporting Persons purchased a total of 2,100 shares of NZF common stock in four purchase transactions at prices between $11.805 and $11.8085 per share, and then sold 2,100 shares at $11.86 per share. The transactions are reported as indirect beneficial ownership and, after the sale, the report shows 0 shares beneficially owned following the transactions. The Form 4 is jointly filed by Bank of America Corporation and Merrill Lynch and includes standard disclaimers that the Reporting Persons disclaim beneficial ownership except for any pecuniary interest.