Nuveen Virginia merger: 5.36% estimated earnings yield

Shareholders may vote online, by touch-tone telephone, by mail, or with assistance from a live agent.

Accepted by SEC EDGAR 10/29/2026 - 04:04 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

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.

Key Figures

Pro-forma common earnings yield, NPV: 4.32% Pro-forma common earnings yield, combined fund: 5.36% Stated change in pro-forma common earnings yield: +1.04% +5 more

8 metrics

Pro-forma common earnings yield, NPV 4.32% Virginia (NPV), as of March 31, 2026

Pro-forma common earnings yield, combined fund 5.36% Combined Fund (NZF), as of March 31, 2026

Stated change in pro-forma common earnings yield +1.04% Virginia (NPV), as of March 31, 2026

Max Federal and State Tax Rate, NPV 46.55% Virginia (NPV), as of March 31, 2026

Max Federal and State Tax Rate, combined fund 40.80% Combined Fund (NZF), as of March 31, 2026

Taxable Equivalent Rate, NPV 7.96% Virginia (NPV), as of March 31, 2026

Taxable Equivalent Rate, combined fund 8.91% Combined Fund (NZF), as of March 31, 2026

Stated change in taxable equivalent rate +0.95% Virginia (NPV), as of March 31, 2026

Key Terms

Pro-Forma Common Earnings Yield, Taxable Equivalent Rate, Max Federal and State Tax Rate, total operating expenses (excluding leverage)

4 terms

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"

total operating expenses (excluding leverage) financial

"lower total operating expenses (excluding leverage)"

FAQ

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

What earnings figures does the NPV merger comparison show?

NPV’s merger comparison lists a 4.32% pro-forma common earnings yield for Virginia and 5.36% for the combined fund, with a stated +1.04% change for Virginia, as of March 31, 2026. It also lists taxable equivalent rates of 7.96% for Virginia and 8.91% for the combined fund, with a stated +0.95% change. The pro-forma figures are estimates, not actual combined results.

When does NPV’s shareholder meeting reconvene?

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

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 Virginia Quality Municipal Income Fund

(Commission File No. 811-07490)

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

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