Nuveen Municipal Credit Income Fund (NZF) updates the use of net proceeds from Common Shares issued under its prospectus supplement: proceeds will be invested in accordance with the Fund’s investment objectives and policies. The Fund anticipates it can invest substantially all proceeds within approximately three months of receipt. Pending investment, proceeds are anticipated to be invested in U.S. government or agency securities or high-quality, short-term money market instruments; the Fund may also use them to pay shareholder distributions.
Nuveen Municipal Credit Income Fund (NZF) filed an initial ownership report for Margot Kleinman, who is identified as a Portfolio Manager. The filing does not report any beneficially owned securities or any transactions in NZF at this time.
Nuveen Municipal Credit Income Fund (NZF) reported an initial statement of beneficial ownership on Form 3 for reporting person Parth Doshi, identified as "VP." The filing lists no equity or derivative positions in NZF for this reporting person, and it reports no transactions or holdings.
Nuveen’s municipal closed-end funds, including Nuveen Municipal Credit Income Fund (NZF), are holding virtual annual shareholder meetings on August 13, 2026 at 2:00 p.m. Central. Shareholders of record on June 22, 2026 can vote online, by phone or by mail using their proxy cards.
The primary business is electing Board Members across the fund complex, including special elections by preferred shareholders for certain funds. All nominees are independent under the Investment Company Act, and the Boards unanimously recommend voting FOR each nominee.
The proxy also details the funds’ unitary board and committee structure, NYSE Rule 452 voting treatment for preferred shares, and updated independent Board Member compensation, including a $355,000 annual retainer from January 1, 2026 plus additional committee and chair fees.
Nuveen Municipal Credit Income Fund (NZF) has proposed mergers to combine Nuveen Minnesota Quality Municipal Income Fund (NMS) and Nuveen Virginia Quality Municipal Income Fund (NPV) into NZF. Shareholders of each Fund will vote on an Agreement and Plan of Merger at Special Meetings; the Boards unanimously recommend approval.
The joint proxy/prospectus states the mergers would create a larger combined fund ($2,700,666,839 common assets pro forma as of March 31, 2026), may raise common-share net earnings and distributions (historical monthly distributions: NMS $0.0665; NPV $0.0650; NZF $0.0795), and would eliminate the Target Funds’ state-specific tax exemption. Estimated nonrecurring merger costs are $1,270,000, allocated $370,000 to NMS, $820,000 to NPV and $80,000 to NZF. The mergers are expected to be effective on or about October 5, 2026, subject to shareholder and other approvals.
Nuveen Municipal Credit Income Fund insider data show Bank of America Corporation and its subsidiary Merrill Lynch, Pierce, Fenner & Smith Incorporated reporting small, offsetting indirect trades in Common Stock. On February 25, 2026, they reported an 8-share open-market purchase at 12.8784 and an 8-share open-market sale at 12.965, leaving zero shares indirectly held from these transactions.
The reporting persons disclaim beneficial ownership except to any pecuniary interest. They also state that, without conceding greater-than-10% beneficial owner status, any profit potentially recoverable under Section 16(b) from these transactions will be remitted to the fund.
Nuveen Municipal Credit Income Fund is registering up to 20,000,000 common shares under a prospectus supplement dated February 25, 2026 to be sold primarily by at-the-market transactions. The Fund intends to distribute shares on the NYSE (symbol NZF) and through market makers and a sub-placement agent, Virtu Americas.
The prospectus ties the minimum sale price to the Fund’s NAV plus the per-share commission, with sales suspended if the market price is below that minimum. The NAV on February 18, 2026 was $12.79 and the NYSE closing price was $12.89. The Fund estimates net proceeds of approximately $255,117,000 assuming sale of all shares at the reported market price on February 18, 2026. The distribution uses a variable commission allocation to Nuveen Securities and to Virtu Americas as described in the Plan of Distribution.
Nuveen Municipal Credit Income Fund filed an initial insider ownership report for Joseph Castro, who serves as Executive Vice President and Chief Risk & Compliance Officer. The Form 3 shows his status as an officer but does not report any share purchases, sales, or other transactions.
Bank of America Corporation and its subsidiary Merrill Lynch reported same-day trades in Nuveen Municipal Credit Income Fund common shares. On January 26, 2026, an indirect account associated with them purchased 343 shares at $12.545 and later sold 343 shares at $12.25, ending with zero shares.
The reporting parties state they jointly file this report, indirectly hold interests through Merrill Lynch, and disclaim beneficial ownership except for any pecuniary interest. They also state that any profit potentially recoverable under Section 16(b), if applicable, will be remitted to the fund.