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Nuveen Minnesota merger vote set for December 3, 2026

The special meeting was adjourned to allow more time to vote and will reconvene on December 3, 2026.

Accepted by SEC EDGAR Learn about SEC filing dates
(Moderate)

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Form Type
425

Rhea-AI Filing Summary

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.

Filing Explained

The proposed merger remains subject to a shareholder vote, rather than an effected combination: the funds’ special meeting was adjourned for more voting time and will reconvene on December 3, 2026.

Pro-forma common earnings yield 5.36% Combined fund, as of March 31, 2026
Pro-forma common earnings yield 4.13% NMS, as of March 31, 2026
Pro-forma common earnings yield 4.32% NPV, as of March 31, 2026
Change in pro-forma common earnings yield +1.23% NMS, as of March 31, 2026
Change in pro-forma common earnings yield +1.04% NPV, as of March 31, 2026
Taxable Equivalent Rate 8.91% Combined fund, as of March 31, 2026
Change in Taxable Equivalent Rate +0.66% NMS, as of March 31, 2026
Change in Taxable Equivalent Rate +0.95% NPV, as of March 31, 2026
Pro-Forma Common Earnings Yield financial
"Pro-Forma Common Earnings Yield"
Taxable Equivalent Rate financial
"Taxable Equivalent Rate"
Max Federal and State Tax Rate financial
"Max Federal and State Tax Rate"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the proposed NMS merger expected to change?

The proposed merger of NMS and NPV into NZF is expected to provide potential for higher earnings before and after taxes, lower total operating expenses excluding leverage, and greater liquidity. The pro-forma figures are estimates and do not reflect actual combined results.

When will the NMS merger vote meeting reconvene?

The special meeting will reconvene on December 3, 2026, after being adjourned to allow shareholders more time to vote.

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

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Filed by Nuveen Municipal Credit Income Fund

(Commission File No. 333-295829)

pursuant to Rule 425 under the Securities Act of 1933, as amended,

and deemed filed pursuant to Rule 14a-6 under the Securities Exchange Act of 1934, as amended

 

Subject Company: Nuveen Minnesota Quality Municipal Income Fund

(Commission File No. 811-22967)

 

 

 

Nuveen Minnesota Quality Municipal Income Fund (NMS)

Nuveen Virginia Quality Municipal Income Fund (NPV)

 

     VOTE TODAY FOR YOUR FUND’S MERGER PROPOSAL     

 

Supporting your fund’s merger into Nuveen Municipal Credit Income Fund (NZF) is expected to provide you with the potential for higher after-tax earnings, lower total operating expenses (excluding leverage), and greater liquidity.

 

Merging into NZF is expected to provide you with the potential for higher earnings on a before- and after-tax basis.

 

  As of March 31, 2026
  Minnesota Virginia Combined Fund
  (NMS) (NPV) (NZF) Pro-Forma
Common Earnings Yield 4.13% 4.32% 5.36%
Change +1.23% +1.04% N/A
Max Federal and State Tax Rate 50.65% 46.55% 40.80%
Taxable Equivalent Rate 8.25% 7.96% 8.91%
Change +0.66% +0.95% N/A

 

A Special Meeting of Shareholders of the funds was adjourned to allow shareholders more time to vote and will reconvene on December 3, 2026.

 

Your vote is very important. Please vote using one of the following options:

 

VOTE WITH A LIVE AGENT - Call 1-888-550-8069 with any questions. Specialists can assist with voting. Available Monday-Friday from 9 a.m. – 11 p.m. and Saturday 12 p.m. – 6 p.m. ET

VOTE ONLINE - Log on to the website or scan the QR code shown on your proxy card.

VOTE BY TOUCH-TONE TELEPHONE - Call the toll-free number listed on your proxy card.

VOTE BY MAIL - Complete, sign and date the proxy card and then return it in the enclosed postage paid envelope.

 

The proxy materials we sent you contain important information regarding the proposal that you and other shareholders are being asked to consider. Please read the materials carefully. Each fund's past performance (before and after taxes) is no guarantee of future results. Pro-forma figures are estimates based on the assumptions described in the proxy materials and do not reflect actual combined results.

 

https://www.nuveen.com/en-us/investments/proxy-information#closed-end-funds

 

ADJ2_35174_S38701

 

 

 

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