UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
(Amendment No. )
Filed by the
Registrant ☒ Filed by a Party other than the
Registrant ☐
Check the appropriate box:
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☐
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Preliminary Proxy Statement.
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☐
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)).
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Definitive Proxy Statement.
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Definitive Additional Materials.
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Soliciting Material Pursuant to §240.14a-11(c) or §240.14a-12
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Nuveen Municipal Income Fund, Inc. (NMI)
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(Name of Registrant as Specified In Its Charter)
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(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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Payment of Filing Fee (check the appropriate box):
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☒
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No fee required.
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☐
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Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
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1)
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Title of each class of securities to which transaction applies:
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2)
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Aggregate number of securities to which transaction applies:
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3)
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Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which
the filing fee is calculated and state how it was determined):
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4)
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Proposed maximum aggregate value of transaction:
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5)
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Total fee paid:
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☐
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Fee paid previously with preliminary materials.
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously.
Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
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1)
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Amount Previously Paid:
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2)
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Form, Schedule or Registration Statement No.:
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3)
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Filing Party:
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4)
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Date Filed:
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Notice of Annual Meeting
of Shareholders to be held on
August 5,
2020
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333 West Wacker Drive
Chicago, Illinois 60606
(800) 257-8787
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June 26, 2020
Nuveen AMT-Free Municipal
Credit Income Fund (NVG)
Nuveen AMT-Free Municipal Value Fund (NUW)
Nuveen AMT-Free Quality Municipal Income Fund (NEA)
Nuveen California Select Tax-Free Income Portfolio (NXC)
Nuveen Enhanced Municipal Value Fund (NEV)
Nuveen Municipal Credit Income Fund (NZF)
Nuveen Municipal High Income Opportunity Fund (NMZ)
Nuveen Municipal Income Fund, Inc. (NMI)
Nuveen Municipal Value Fund, Inc. (NUV)
Nuveen New York AMT-Free Quality Municipal Income Fund (NRK)
Nuveen New York Municipal Value Fund 2 (NYV)
Nuveen New York Municipal Value Fund, Inc. (NNY)
Nuveen New York Quality Municipal
Income Fund (NAN)
Nuveen New York Select Tax-Free Income Portfolio (NXN)
Nuveen Quality Municipal Income Fund (NAD)
Nuveen Select Maturities Municipal Fund (NIM)
Nuveen Select Tax-Free Income Portfolio (NXP)
Nuveen Select Tax-Free Income Portfolio 2 (NXQ)
Nuveen Select Tax-Free Income Portfolio 3 (NXR)
Nuveen Taxable Municipal Income Fund (NBB)
To the Shareholders of the Above Funds:
Notice is hereby given that the Annual Meeting of
Shareholders of each of Nuveen AMT-Free Municipal Credit Income Fund (AMT-Free Credit Income), Nuveen AMT-Free
Municipal Value Fund (AMT-Free Value), Nuveen AMT-Free Quality Municipal Income Fund (AMT-Free Quality
Income), Nuveen California Select Tax-Free Income Portfolio (California Select), Nuveen Enhanced Municipal Value Fund (Enhanced Value), Nuveen Municipal Credit Income Fund
(Credit Income), Nuveen Municipal High Income Opportunity Fund (Municipal High Income), Nuveen New York AMT-Free Quality Municipal Income Fund (New York AMT-Free), Nuveen New York Municipal Value Fund 2 (New York Value 2), Nuveen New York Quality Municipal Income Fund (New York Quality Income), Nuveen New York Select Tax-Free Income Portfolio (New York Select), Nuveen Quality Municipal Income Fund (Quality Income), Nuveen Select Maturities Municipal Fund (Select Maturities), Nuveen Select Tax-Free Income Portfolio (Select Tax-Free), Nuveen Select Tax-Free Income
Portfolio 2 (Select Tax-Free 2), Nuveen Select Tax-Free Income Portfolio 3 (Select Tax-Free 3) and Nuveen Taxable Municipal Income Fund (Taxable Income), each a Massachusetts business trust (each, a Massachusetts Fund and collectively, the Massachusetts
Funds), and Nuveen Municipal Income Fund, Inc. (Municipal Income), Nuveen Municipal Value Fund, Inc. (Municipal Value) and Nuveen New York Municipal Value Fund, Inc. (New York Value), each a Minnesota
corporation (each, a Minnesota Fund and collectively, the Minnesota Funds) (the Massachusetts Funds and Minnesota Funds are each a Fund and collectively, the Funds), will be held on Wednesday,
August 5, 2020, at 11:30 a.m., Central time (for each Fund, an Annual Meeting and collectively, the Annual Meetings), for the following purposes and to transact such other business, if any, as may properly come before
the Annual Meeting.
Because of the public health concerns regarding the coronavirus (COVID-19) pandemic, we will
be hosting this years Annual Meeting as a completely virtual meeting of shareholders, which will be conducted online via live webcast. You will be able to attend and participate in the Annual Meeting online, vote your shares electronically and
submit your questions prior to and during the meeting by visiting: www.meetingcenter.io/25870599 at the meeting date and time described in the accompanying Joint Proxy Statement. If your shares are registered in your name, to participate in the
Annual Meeting, you will need to log on using the control number from your proxy card or meeting notice. The control number can be found in the shaded box. The password for the meeting is NUVA2020. If your shares are held through an intermediary,
you will need to register for the Annual Meeting at least three (3) business days prior to the Annual Meeting. Instructions for registering are set forth in the enclosed Joint Proxy Statement. There is no physical location for the Annual
Meeting.
Matters to Be Voted on by Shareholders:
1.
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To elect Members to the Board of Directors/Trustees (each a Board and each Director or Trustee a Board Member) of each Fund as
outlined below:
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a.
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For Municipal Income, to elect three (3) Class I Board Members.
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b.
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For Municipal Value, New York Value and each Massachusetts Fund (except AMT-Free Credit Income, AMT-Free Quality Income, Credit Income, Municipal High Income, New York AMT-Free, New York Quality Income and Quality Income), to elect three (3) Class II Board
Members.
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c.
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For AMT-Free Credit Income, AMT-Free Quality Income, Credit Income,
Municipal High Income, New York AMT-Free, New York Quality Income and Quality Income, to elect five (5) Board Members.
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i)
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three (3) Class II Board Members to be elected by the holders of Common Shares and Preferred Shares, voting together as a single class; and
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ii)
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two (2) Board Members to be elected by the holders of Preferred Shares only, voting separately as a single class.
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2.
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To transact such other business as may properly come before the Annual Meeting.
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Shareholders of record at the close of business on June 8, 2020 are entitled to notice of and to vote at the Annual Meeting.
While all shareholders are cordially invited to attend the virtual Annual Meeting, we encourage you to vote your
shares promptly, whether or not you plan to attend the virtual Annual Meeting in order to avoid delay and additional expense and to assure that your shares are represented. You may vote by mail, telephone or over the Internet. To vote by mail,
please mark, sign, date and mail the enclosed proxy card. No postage is required if mailed in the United States. To vote by telephone, please call the toll-free number located on your proxy card and follow the recorded instructions, using your proxy
card as a guide. To vote over the Internet, go to the Internet address provided on your proxy card and follow the instructions, using your proxy card as a guide.
Gifford R. Zimmerman
Vice
President and Secretary
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Joint Proxy Statement
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333 West Wacker Drive
Chicago, Illinois 60606
(800) 257-8787
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June 26, 2020
This Joint Proxy Statement is first being mailed to shareholders on or about June 30, 2020.
Nuveen AMT-Free Municipal Credit Income Fund (NVG)
Nuveen AMT-Free Municipal Value Fund (NUW)
Nuveen AMT-Free Quality Municipal Income Fund (NEA)
Nuveen California Select Tax-Free Income Portfolio (NXC)
Nuveen Enhanced Municipal Value Fund (NEV)
Nuveen Municipal Credit Income Fund (NZF)
Nuveen Municipal High Income Opportunity Fund (NMZ)
Nuveen Municipal Income Fund, Inc. (NMI)
Nuveen Municipal Value Fund, Inc. (NUV)
Nuveen New York AMT-Free Quality Municipal Income Fund (NRK)
Nuveen New York Municipal Value Fund 2 (NYV)
Nuveen New York Municipal Value Fund, Inc. (NNY)
Nuveen New York Quality Municipal
Income Fund (NAN)
Nuveen New York Select Tax-Free Income Portfolio (NXN)
Nuveen Quality Municipal Income Fund (NAD)
Nuveen Select Maturities Municipal Fund (NIM)
Nuveen Select Tax-Free Income Portfolio (NXP)
Nuveen Select Tax-Free Income Portfolio 2 (NXQ)
Nuveen Select Tax-Free Income Portfolio 3 (NXR)
Nuveen Taxable Municipal Income Fund (NBB)
General Information
This Joint Proxy Statement is furnished in connection with the solicitation by
the Board of Trustees or Directors (each a Board and collectively, the Boards, and each Trustee or Director, a Board Member and collectively, the Board Members) of each of Nuveen AMT-Free Municipal Credit Income Fund (AMT-Free Credit Income), Nuveen AMT-Free Municipal Value Fund (AMT-Free Value), Nuveen AMT-Free Quality Municipal Income Fund (AMT-Free Quality Income), Nuveen California
Select Tax-Free Income Portfolio (California Select), Nuveen Enhanced Municipal Value Fund (Enhanced Value), Nuveen Municipal Credit Income Fund (Credit Income), Nuveen
Municipal High Income Opportunity Fund (Municipal High Income), Nuveen New York AMT-Free Quality Municipal Income Fund (New York AMT-Free),
Nuveen New York Municipal Value Fund 2 (New York Value 2), Nuveen New York Quality Municipal Income Fund (New York Quality Income), Nuveen New York Select Tax-Free Income Portfolio
(New York Select), Nuveen Quality Municipal Income Fund (Quality Income), Nuveen Select Maturities Municipal Fund (Select Maturities),
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Nuveen Select Tax-Free Income Portfolio (Select Tax-Free), Nuveen Select
Tax-Free Income Portfolio 2 (Select Tax-Free 2), Nuveen Select Tax-Free Income Portfolio 3 (Select Tax-Free 3) and Nuveen Taxable Municipal Income Fund (Taxable Income), each a Massachusetts business trust (each, a Massachusetts Fund and collectively, the Massachusetts
Funds), and Nuveen Municipal Income Fund, Inc. (Municipal Income), Nuveen Municipal Value Fund, Inc. (Municipal Value) and Nuveen New York Municipal Value Fund, Inc. (New York Value), each a Minnesota
corporation (each, a Minnesota Fund and collectively, the Minnesota Funds) (the Massachusetts Funds and Minnesota Funds are each a Fund and collectively, the Funds), of proxies to be voted at the
Annual Meeting of Shareholders to be held on Wednesday, August 5, 2020 at 11:30 a.m., Central time (for each Fund, an Annual Meeting and collectively, the Annual Meetings), and at any and all adjournments or
postponements thereof.
Because of public health concerns regarding the coronavirus (COVID-19) pandemic, the
Annual Meeting will be held in a virtual meeting format only, which will be conducted online via live webcast. You will be able to attend and participate in the Annual Meeting online, vote your shares electronically and submit your questions prior
to and during the meeting by visiting: www.meetingcenter.io/25870599 at the meeting date and time. If your shares are registered in your name, to participate in the Annual Meeting, you will need to log on using the control number from your proxy
card or meeting notice. The control number can be found in the shaded box. The password for the meeting is NUVA2020. There is no physical location for the Annual Meeting.
If you hold your shares through an intermediary, such as a bank or broker, you must register in advance to attend the Annual Meeting virtually on the Internet. To register to attend the Annual Meeting online by
webcast you must submit proof of your proxy power (legal proxy) reflecting your Fund holdings along with your name and email address to Computershare. You must contact the bank or broker who holds your shares to obtain your legal proxy. Requests for
registration must be labeled as Legal Proxy and be received no later than 5:00 p.m., Eastern Time, three (3) business days prior to the meeting date. You will receive a confirmation of your registration by email after we receive
your registration materials. Requests for registration should be directed to us by emailing an image of your legal proxy to shareholdermeetings@computershare.com.
On the matters coming before each Annual Meeting as to which a choice has been specified by shareholders on the proxy, the shares will be voted accordingly. If a properly executed proxy is returned and no choice is
specified, the shares will be voted FOR the election of the nominees as listed in this Joint Proxy Statement. Shareholders of a Fund who execute proxies may revoke them at any time before they are voted by filing with that Fund a written
notice of revocation, by delivering a duly executed proxy bearing a later date, or by attending the virtual Annual Meeting and voting at the Annual Meeting. A prior proxy can also be revoked by voting again through the toll-free number or the
Internet address listed in the proxy card. Merely attending the Annual Meeting, however, will not revoke any previously submitted proxy.
The Board of
each Fund has determined that the use of this Joint Proxy Statement for each Annual Meeting is in the best interest of each Fund and its shareholders in light of the similar matters being considered and voted on by the shareholders.
2
The following table indicates which shareholders are solicited with respect to each matter:
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Matter
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Common Shares
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Preferred
Shares(1)
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1(a)
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For Municipal Income, election of three (3) Class I Board Members by all shareholders.
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X
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N/A
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1(b)
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For Municipal Value, New York Value and each Massachusetts Fund (except
AMT-Free Credit Income, AMT-Free Quality Income, Credit Income, Municipal High Income, New York AMT-Free, New York Quality Income
and Quality Income), election of three (3) Class II Board Members by all shareholders.
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X
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N/A
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1(c)(i)
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For AMT-Free Credit Income, AMT-Free
Quality Income, Credit Income, Municipal High Income, New York AMT-Free, New York Quality Income and Quality Income, election of three (3) Class II Board Members by all shareholders.
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X
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X
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1(c)(ii)
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For AMT-Free Credit Income, AMT-Free
Quality Income, Credit Income, Municipal High Income, New York AMT-Free, New York Quality Income and Quality Income, election of two (2) Board Members by holders of Preferred Shares only.
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N/A
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X
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(1)
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Variable Rate Demand Preferred Shares (VRDP Shares) for AMT-Free Credit Income, AMT-Free Quality Income, Credit Income, New York AMT-Free, New York Quality Income and Quality Income; MuniFund Preferred Shares (MFP Shares) for AMT-Free Credit Income, AMT-Free Quality Income, Credit Income, New York AMT-Free and Quality Income; and Adjustable Rate MuniFund Term
Preferred Shares (AMTP Shares) for AMT-Free Credit Income, AMT-Free Quality Income, Municipal High Income, New York Quality Income and Quality Income are
collectively referred to herein as Preferred Shares.
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A quorum of shareholders is required to take
action at each Annual Meeting. A majority of the shares entitled to vote at each Annual Meeting, represented in-person (virtually) or by proxy, will constitute a quorum of shareholders at that Annual Meeting,
except that for the election of the two Board Member nominees by holders of Preferred Shares (for AMT-Free Credit Income, AMT-Free Quality Income, Credit Income,
Municipal High Income, New York AMT-Free, New York Quality Income and Quality Income),
331/3% of the Preferred Shares entitled to vote and represented in-person (virtually) or by proxy will constitute a quorum. Votes cast by proxy or
in-person (virtually) at each Annual Meeting will be tabulated by the inspectors of election appointed for that Annual Meeting. The inspectors of election will determine whether or not a quorum is present at
the Annual Meeting. The inspectors of election will treat abstentions and broker non-votes (i.e., shares held by brokers or nominees, typically in street name, as to which
(i) instructions have not been received from the beneficial owners or persons entitled to vote and (ii) the broker or nominee does not have discretionary voting power on a particular matter) as present for purposes of determining a quorum.
Pursuant to Rule 452 of the New York Stock Exchange (NYSE), certain Preferred Shares held in street name as to which
voting instructions have not been received from the beneficial owners or persons entitled to vote as of one business day before the Annual Meeting, or, if adjourned, one business day before the day to which the Annual Meeting is adjourned, and that
would otherwise be treated as broker non-votes, may be voted by the broker on the
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proposal in the same proportion as the votes cast by all holders of Preferred Shares as a class who have voted on the proposal. Rule 452 permits proportionate voting of Preferred Shares with
respect to a particular item if, among other things, (i) a minimum of 30% of the Preferred Shares or shares of a series of Preferred Shares outstanding has been voted by the holders of such shares with respect to such item, (ii) less than
10% of the Preferred Shares or shares of a series of Preferred Shares outstanding has been voted by the holders of such shares against such item and (iii) for any proposal as to which holders of Common Shares and Preferred Shares vote as a
single class, holders of Common Shares approve the proposal. For the purpose of meeting the 30% test, abstentions will be treated as shares voted and, for the purpose of meeting the 10% test, abstentions will not be treated as shares
voted against the item. Rule 452 proportionate voting applies only to certain auction rate and remarketed preferred securities. AMTP Shares are typically issued to one or a small number of qualified institutional buyers and are subject
to restrictions on transfer, thus Rule 452 typically does not apply to these shares. VRDP and MFP Shares may be subject to Rule 452, depending on their mode. The following table indicates whether Rule 452 applies to each series of Preferred Shares.
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Fund
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Preferred Shares
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Mode(1)
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Application of
NYSE Rule 452
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AMT-Free Credit Income
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MFP Series A
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Variable Rate Mode
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No
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MFP Series B
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Variable Rate Remarketed Mode
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Yes
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VRDP Series 1
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Remarketing Mode
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Yes
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VRDP Series 2
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Remarketing Mode
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Yes
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VRDP Series 4
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Remarketing Mode
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Yes
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VRDP Series 5
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Remarketing Mode
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Yes
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VRDP Series 6
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Remarketing Mode
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Yes
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AMTP Series 2028
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N/A
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No
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AMT-Free Quality Income
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MFP Series A
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Variable Rate Mode
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No
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MFP Series B
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Variable Rate Mode
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No
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MFP Series C
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Variable Rate Mode
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No
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MFP Series D
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Variable Rate Remarketed Mode
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Yes
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VRDP Series 1
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Remarketing Mode
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Yes
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VRDP Series 2
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Remarketing Mode
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Yes
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VRDP Series 3
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Remarketing Mode
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Yes
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VRDP Series 4
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Remarketing Mode
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Yes
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VRDP Series 5
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Remarketing Mode
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Yes
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AMTP Series 2028
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N/A
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No
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Credit Income
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MFP Series A
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Variable Rate Mode
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No
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MFP Series B
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Variable Rate Mode
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No
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MFP Series C
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Variable Rate Mode
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No
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VRDP Series 1
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Special Rate Period VRDP
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No
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VRDP Series 2
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Special Rate Period VRDP
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No
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VRDP Series 3
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Remarketing Mode
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Yes
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Municipal High Income
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AMTP Series 2028
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N/A
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No
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4
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Fund
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Preferred Shares
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Mode(1)
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Application of
NYSE Rule 452
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New York AMT-Free
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MFP Series A
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Variable Rate Remarketed Mode
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Yes
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VRDP Series 1
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Remarketing Mode
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Yes
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VRDP Series 2
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Remarketing Mode
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Yes
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VRDP Series 3
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Remarketing Mode
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Yes
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VRDP Series 4
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Remarketing Mode
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Yes
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VRDP Series 5
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Remarketing Mode
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Yes
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New York Quality Income
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AMTP Series 2028
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N/A
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No
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VRDP Series 1
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Remarketing Mode
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Yes
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Quality Income
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MFP Series A
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Variable Rate Mode
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No
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MFP Series B
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Variable Rate Mode
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No
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AMTP Series 2028
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N/A
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No
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AMTP Series 2028-1
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N/A
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No
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VRDP Series 1
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Remarketing Mode
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Yes
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VRDP Series 2
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Remarketing Mode
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Yes
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VRDP Series 3
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Remarketing Mode
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Yes
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(1)
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As of June 1, 2020. The terms and conditions of each series of Preferred Shares, as well as the rights and privileges of each mode, if any, are
described in the Statement Establishing and Designating the Rights and Preferences for each series of Preferred Shares, and any supplement or appendix thereto.
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Broker-dealers who are not members of the NYSE may be subject to other rules, which may or may not permit them to vote your shares without instruction. We urge you to provide instructions to your broker or nominee
so that your votes may be counted.
For each Fund, the affirmative vote of a plurality (the greatest number of affirmative votes) of the shares present
and entitled to vote at the Annual Meeting will be required to elect each Board Member of that Fund. For example, if there are four nominees for election to the Board, a vote by plurality means the four nominees with the highest number of
affirmative votes, regardless of the votes withheld for the nominees, will be elected. Because the election of Board Members does not require that a minimum percentage of a Funds outstanding Common Shares be voted in favor of any nominee,
assuming the presence of a quorum, abstentions and broker non-votes will have no effect on the outcome of the election of that Funds Board Members by holders of Common Shares
Those persons who were shareholders of record at the close of business on Monday, June 8, 2020 will be entitled to one vote for each share held and a
proportionate fractional vote for each fractional vote held. As of June 8, 2020, the shares of the Funds were issued and outstanding as follows:
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Fund
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Ticker Symbol(1)
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Common Shares
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Preferred Shares
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AMT-Free Credit Income
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NVG
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213,370,543
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MFP Series A
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2,054
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MFP Series B
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200,000
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VRDP Series 1
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1,790
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VRDP Series 2
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3,854
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VRDP Series 4
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1,800
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VRDP Series 5
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3,405
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VRDP Series 6
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3,267
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AMTP Series 2028
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1,120
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5
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Fund
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Ticker Symbol(1)
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Common Shares
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Preferred Shares
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AMT-Free Value
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NUW
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15,516,082
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N/A
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AMT-Free Quality Income
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NEA
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278,590,266
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|
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MFP Series A
|
|
|
1,850
|
|
|
|
|
|
|
|
|
|
MFP Series B
|
|
|
3,350
|
|
|
|
|
|
|
|
|
|
MFP Series C
|
|
|
2,380
|
|
|
|
|
|
|
|
|
|
MFP Series D
|
|
|
200,000
|
|
|
|
|
|
|
|
|
|
VRDP Series 1
|
|
|
2,190
|
|
|
|
|
|
|
|
|
|
VRDP Series 2
|
|
|
1,309
|
|
|
|
|
|
|
|
|
|
VRDP Series 3
|
|
|
3,509
|
|
|
|
|
|
|
|
|
|
VRDP Series 4
|
|
|
4,895
|
|
|
|
|
|
|
|
|
|
VRDP Series 5
|
|
|
1,000
|
|
|
|
|
|
|
|
|
|
AMTP Series 2028
|
|
|
1,435
|
|
California Select
|
|
NXC
|
|
|
6,351,912
|
|
|
N/A
|
|
|
|
|
Enhanced Value
|
|
NEV
|
|
|
24,950,068
|
|
|
N/A
|
|
|
|
|
Credit Income
|
|
NZF
|
|
|
142,125,906
|
|
|
MFP Series A
|
|
|
1,500
|
|
|
|
|
|
|
|
|
|
MFP Series B
|
|
|
1,550
|
|
|
|
|
|
|
|
|
|
MFP Series C
|
|
|
3,360
|
|
|
|
|
|
|
|
|
|
VRDP Series 1
|
|
|
2,688
|
|
|
|
|
|
|
|
|
|
VRDP Series 2
|
|
|
2,622
|
|
|
|
|
|
|
|
|
|
VRDP Series 3
|
|
|
1,960
|
|
Municipal High Income
|
|
NMZ
|
|
|
80,582,220
|
|
|
AMTP Series 2028
|
|
|
870
|
|
Municipal Income
|
|
NMI
|
|
|
9,153,545
|
|
|
N/A
|
|
|
|
|
Municipal Value
|
|
NUV
|
|
|
206,996,511
|
|
|
N/A
|
|
|
|
|
New York AMT-Free
|
|
NRK
|
|
|
87,235,304
|
|
|
MFP Series A
|
|
|
800
|
|
|
|
|
|
|
|
|
|
VRDP Series 1
|
|
|
1,123
|
|
|
|
|
|
|
|
|
|
VRDP Series 2
|
|
|
1,648
|
|
|
|
|
|
|
|
|
|
VRDP Series 3
|
|
|
1,617
|
|
|
|
|
|
|
|
|
|
VRDP Series 4
|
|
|
500
|
|
|
|
|
|
|
|
|
|
VRDP Series 5
|
|
|
1,750
|
|
New York Value 2
|
|
NYV
|
|
|
2,349,612
|
|
|
N/A
|
|
|
|
|
New York Value
|
|
NNY
|
|
|
15,233,231
|
|
|
N/A
|
|
|
|
|
New York Quality Income
|
|
NAN
|
|
|
30,851,332
|
|
|
AMTP Series 2028
|
|
|
1,470
|
|
|
|
|
|
|
|
|
|
VRDP Series 1
|
|
|
890
|
|
New York Select
|
|
NXN
|
|
|
3,924,894
|
|
|
N/A
|
|
|
|
|
Quality Income
|
|
NAD
|
|
|
211,649,043
|
|
|
MFP Series A
|
|
|
6,070
|
|
|
|
|
|
|
|
|
|
AMTP Series 2028
|
|
|
3,370
|
|
|
|
|
|
|
|
|
|
AMTP Series 2028-1
|
|
|
2,085
|
|
|
|
|
|
|
|
|
|
VRDP Series 1
|
|
|
2,368
|
|
|
|
|
|
|
|
|
|
VRDP Series 2
|
|
|
2,675
|
|
|
|
|
|
|
|
|
|
VRDP Series 3
|
|
|
1,277
|
|
Select Maturities
|
|
NIM
|
|
|
12,445,363
|
|
|
N/A
|
|
|
|
|
Select Tax-Free
|
|
NXP
|
|
|
16,577,786
|
|
|
N/A
|
|
|
|
|
Select Tax-Free 2
|
|
NXQ
|
|
|
17,713,727
|
|
|
N/A
|
|
|
|
|
Select Tax-Free 3
|
|
NXR
|
|
|
13,045,560
|
|
|
N/A
|
|
|
|
|
Taxable Income
|
|
NBB
|
|
|
27,367,911
|
|
|
N/A
|
|
|
|
|
(1)
|
The Common Shares of each Fund are listed on the NYSE. Reports, proxy statements and other information concerning the Funds can be inspected at the
offices of the NYSE, 11 Wall Street, New York, New York 10005.
|
6
1.Election
|
of Board Members
|
Pursuant to the organizational documents of each Fund, each Board is divided into three classes, Class I, Class II and Class III, to be elected by
the holders of the outstanding Common Shares and any outstanding Preferred Shares, voting together as a single class to serve until the third succeeding annual meeting subsequent to their election or thereafter, in each case until their successors
have been duly elected and qualified. For AMT-Free Credit Income, AMT-Free Quality Income, Credit Income, Municipal High Income, New York
AMT-Free, New York Quality Income and Quality Income, each a Massachusetts Fund with Preferred Shares outstanding, holders of Preferred Shares are entitled to elect two (2) Board Members. The Board
Members elected by holders of Preferred Shares will be elected to serve until the next annual meeting or until their successors have been duly elected and qualified.
(a) For Municipal Income: three (3) Board Members are to be elected by all shareholders. Board Members Nelson, Toth and
Young have been designated as Class I Board Members and as nominees for Board Members for a term expiring at the 2023 annual meeting of shareholders or until their successors have been duly elected and qualified. Board Members Evans, Hunter,
Moschner, Stockdale, Stone and Wolff are current and continuing Board Members. Board Members Evans and Moschner have been designated as Class II Board Members for a term expiring at the 2021 annual meeting of shareholders or until their
successors have been duly elected and qualified. Board Members Hunter, Stockdale, Stone, Wolff have been designated as Class III Board Members for a term expiring at the 2022 annual meeting of shareholders or until their successors have been
duly elected and qualified.
(b) For Municipal Value, New York Value and each Massachusetts Fund,
except AMT-Free Credit Income, AMT-Free Quality Income, Credit Income, Municipal High Income, New York AMT-Free, New York Quality
Income and Quality Income: three (3) Board Members are to be elected by all shareholders. Board Members Nelson, Toth and Young have been designated as Class II Board Members and as nominees for Board Members for a term expiring at the
2023 annual meeting of shareholders or until their successors have been duly elected and qualified. Board Members Evans, Hunter, Moschner, Stockdale, Stone and Wolff are current and continuing Board Members. Board Members Evans and Moschner have
been designated as Class III Board Members for a term expiring at the 2021 annual meeting of shareholders or until their successors have been duly elected and qualified. Board Members Hunter, Stockdale, Stone and Wolff have been designated as
Class I Board Members for a term expiring at the 2022 annual meeting of shareholders or until their successors have been duly elected and qualified.
(c) For AMT-Free Credit Income, AMT-Free Quality Income, Credit Income, Municipal High Income, New York AMT-Free, New York Quality Income and Quality Income:
|
(i)
|
three (3) Board Members are to be elected by holders of Common Shares and Preferred Shares, voting together as a single class. Board Members
Nelson, Toth and Young have been designated as Class II Board Members and as nominees for Board Members for a term expiring at the 2023 annual meeting of shareholders or until their successors have been duly elected and qualified. Board Members
Evans, Stockdale, Stone and Wolff are current and continuing Board Members. Board
|
7
|
Member Evans has been designated as a Class III Board Member for a term expiring at the 2021 annual of shareholders meeting or until his successor has been duly elected and qualified. Board
Members Stockdale, Stone and Wolff have been designated as Class I Board Members for a term expiring at the 2022 annual meeting of shareholders or until their successors have been duly elected and qualified.
|
|
(ii)
|
two (2) Board Members are to be elected by holders of Preferred Shares, voting separately as a single class. Board Members Hunter and Moschner are
nominees for election by holders of Preferred Shares for a term expiring at the next annual meeting or until their successors have been duly elected and qualified.
|
It is the intention of the persons named in the enclosed proxy to vote the shares represented thereby for the election of the nominees listed in the table below unless the proxy is marked otherwise. Each of the
nominees has agreed to serve as a Board Member of each Fund if elected. However, should any nominee become unable to serve or for good cause will not serve, the proxies will be voted for substitute nominees, if any, designated by that Funds
present Board.
Class I Board Members: For each Fund other than Municipal Income, Board Members Hunter, Stockdale, Stone and
Wolff were last elected to the Funds Board as Class I Board Members at the annual meeting of shareholders held on August 7, 2019. For Municipal Income, Board Members Nelson, Toth and Young were last elected to the Funds Board
as Class I Board Members at the annual meeting of shareholders held on August 2, 2017.
Class II Board Members: For
each Fund except Municipal Income, Board Members Nelson, Toth and Young were last elected to each Funds Board as Class II Board Members at the annual meeting of shareholders held on August 2, 2017. For Municipal Income, Board Members
Evans and Moschner were last elected to the Funds Board as Class II Board Members at the annual meeting of shareholders held on August 8, 2018.
Class III Board Members: For each Fund except Municipal Income and Taxable Income, Board Members Evans and Moschner were last elected to each Funds Board as Class III Board
Members at the annual meeting of shareholders held on August 8, 2018. For Taxable Income, Board Members Evans and Moschner were last elected to the Funds Board as Class III Board Members at the annual meeting of shareholders held on
June 21, 2018. For Municipal Income, Board Members Hunter, Stockdale, Stone and Wolff were last elected to the Funds Board as Class III Board Members at the annual meeting of shareholders held on August 7, 2019.
Board Members Elected by Holders of Preferred Shares: For AMT-Free Credit Income,
AMT-Free Quality Income, Credit Income, Municipal High Income, New York AMT-Free, New York Quality Income and Quality Income. Board Members Hunter and Moschner were
lasted elected to each Funds Board at the annual meeting of shareholders held on August 7, 2019.
All Board Member nominees and current and
continuing Board Members are not interested persons, as defined in the Investment Company Act of 1940, as amended (the 1940 Act), of the Funds or Nuveen Fund Advisors, LLC (the Adviser) and have never been an
employee or director of Nuveen, LLC (Nuveen), the Advisers parent company, or any affiliate. Accordingly, such Board Members are deemed Independent Board Members. Each Board currently has one vacancy due to the
resignation of Margo L. Cook on February 27, 2020, who was considered an interested person of the Funds by reason of her position with Nuveen and/or certain of its subsidiaries.
8
The Board unanimously recommends that shareholders vote FOR the election of the nominees.
Board Nominees/Board Members
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Name, Address
and Year of Birth
|
|
Position(s)
Held with
Fund
|
|
Term of Office
and Length
of Time Served(1)
|
|
Principal Occupation(s)
During Past 5 Years
|
|
Number of
Portfolios
in Fund
Complex
Overseen
by Board
Member
|
|
Other
Directorships
Held by
Board
Member
During the
Past
Five
Years
|
|
Board Members/Nominees who are not interested persons of the Funds
|
|
|
|
|
|
|
Terence J. Toth(3)
c/o Nuveen
333 West Wacker Drive
Chicago, IL 60606
1959
|
|
Chairman of the Board; Board Member
|
|
Term: Class I or II Board Member until 2020 annual shareholder
meeting(2)
Length of Service: Since 2008, Chairman of the Board since 2018
|
|
Formerly, Co-Founding Partner, Promus Capital (2008-2017); Director, Quality Control Corporation (since 2012); formerly, Director, Fulcrum IT Services,
LLC (2010-2019); formerly Director, LogicMark LLC (2012-2016); formerly, Director, Legal & General Investment Management America, Inc. (2008-2013); formerly, CEO and President, Northern Trust Global Investments (2004-2007); Executive Vice
President, Quantitative Management & Securities Lending (2000-2004); prior thereto, various positions with Northern Trust Company (since 1994); formerly, Member, Chicago Fellowship Board (2005-2016); Member, Catalyst Schools of Chicago
Board (since 2008) and Mather Foundation Board (since 2012) and Chair of its Investment Committee; formerly, Member, Northern Trust Mutual Funds Board (2005-2007), Northern Trust Global Investments Board (2004-2007), Northern Trust Japan Board
(2004-2007), Northern Trust Securities Inc. Board (2003-2007) and Northern Trust Hong Kong Board (1997-2004).
|
|
154
|
|
None
|
9
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Name, Address
and Year of Birth
|
|
Position(s)
Held with
Fund
|
|
Term of Office
and Length
of Time Served(1)
|
|
Principal Occupation(s)
During Past 5 Years
|
|
Number of
Portfolios
in Fund
Complex
Overseen
by Board
Member
|
|
Other
Directorships
Held by
Board
Member
During the
Past
Five
Years
|
|
|
|
|
|
|
Jack B. Evans
c/o Nuveen
333 West Wacker Drive
Chicago, IL 60606
1948
|
|
Board Member
|
|
Term: Class II or III Board Member until 2021 annual shareholder
meeting(2)
Length of Service: Since 1999
|
|
Chairman (since 2019), formerly, President (1996-2019), The Hall-Perrine Foundation, a private philanthropic corporation (since 1996); Director, Public Member (since 2015); American Board of
Orthopaedic Surgery; Life Trustee of Coe College and Iowa College Foundation; formerly, Director, Federal Reserve Bank of Chicago; formerly, President and Chief Operating Officer, SCI Financial Group, Inc., a regional financial services firm;
formerly, Member and President Pro Tem of the Board of Regents for the State of Iowa University System; formerly, Director, The Gazette Company.
|
|
154
|
|
Director and Chairman, United Fire Group, a publicly held company; formerly, Director, Alliant Energy.
|
|
|
|
|
|
|
William C. Hunter
c/o Nuveen
333 West Wacker Drive
Chicago, IL 60606
1948
|
|
Board Member
|
|
Term: Annual or Class I or III Board Member until 2022 annual shareholder meeting(2)
Length of Service: Since 2004
|
|
Dean Emeritus (since 2012), formerly, Dean (2006-2012), Henry B. Tippie College of Business, University of Iowa; past Director (2005-2015) and past President (2010-2014), Beta Gamma Sigma,
Inc., The International Business Honor Society; formerly, Director (1997-2007), Credit Research Center at Georgetown University; formerly, Dean and Distinguished Professor of Finance, School of Business at the University of Connecticut (2003-2006);
previously, Senior Vice President and Director of Research at the Federal Reserve Bank of Chicago (1995-2003).
|
|
154
|
|
Director (since 2009) of Wellmark, Inc.; formerly, Director (2004-2018) of Xerox Corporation.
|
10
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Name, Address
and Year of Birth
|
|
Position(s)
Held with
Fund
|
|
Term of Office
and Length
of Time Served(1)
|
|
Principal Occupation(s)
During Past 5 Years
|
|
Number of
Portfolios
in Fund
Complex
Overseen
by Board
Member
|
|
Other
Directorships
Held by
Board
Member
During the
Past
Five
Years
|
|
|
|
|
|
|
Albin F. Moschner
c/o Nuveen
333 West Wacker Drive
Chicago, IL 60606
1952
|
|
Board Member
|
|
Term: Class II or III Board Member until 2021 annual shareholder
meeting(2)
Length of Service: Since 2016
|
|
Founder and Chief Executive Officer, Northcroft Partners, LLC, a management consulting firm (since 2012); previously, held positions at Leap Wireless International, Inc., including Consultant
(2011-2012), Chief Operating Officer (2008-2011), and Chief Marketing Officer (2004-2008); formerly, President, Verizon Card Services division of Verizon Communications, Inc. (2000-2003); formerly, President, One Point Services at One Point
Communications (1999-2000); formerly, Vice Chairman of the Board, Diba, Incorporated (1996-1997); formerly, various executive positions with Zenith Electronics Corporation (1991-1996).
|
|
154
|
|
Chairman (since 2019) and Director (since 2012), USA Technologies, Inc., a provider of solutions and services to facilitate electronic payment transactions; formerly, Director, Wintrust
Financial Corporation (1996-2016).
|
11
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Name, Address
and Year of Birth
|
|
Position(s)
Held with
Fund
|
|
Term of Office
and Length
of Time Served(1)
|
|
Principal Occupation(s)
During Past 5 Years
|
|
Number of
Portfolios
in Fund
Complex
Overseen
by Board
Member
|
|
Other
Directorships
Held by
Board
Member
During the
Past
Five
Years
|
|
|
|
|
|
|
John K. Nelson
c/o Nuveen
333 West Wacker Drive
Chicago, IL 60606
1962
|
|
Board Member
|
|
Term: Class I or II Board Member until 2020 annual shareholder
meeting(2)
Length of Service: Since 2013
|
|
Member of Board of Directors of Core12 LLC. (since 2008), a private firm which develops branding, marketing and communications strategies for clients; served on The Presidents Council,
Fordham University (2010-2019) and previously was a Director of The Curran Center for Catholic American Studies (2009-2018); formerly, senior external advisor to the financial services practice of Deloitte Consulting LLP (2012-2014); formerly,
Chairman of the Board of Trustees of Marian University (2010-2014 as trustee, 2011-2014 as Chairman); formerly, Chief Executive Officer of ABN AMRO N.V. North America and Global Head of the Financial Markets Division (2007-2008) and various
executive leadership roles at ABN AMRO Bank N.V. (1996-2007).
|
|
154
|
|
None
|
|
|
|
|
|
|
Judith M. Stockdale
c/o Nuveen
333 West Wacker Drive
Chicago, IL 60606
1947
|
|
Board Member
|
|
Term: Class I or III Board Member until 2022 annual shareholder
meeting(2)
Length of Service: Since 1997
|
|
Board Member of the Land Trust Alliance (since 2013); formerly, Board Member of the U.S. Endowment for Forestry and Communities (2013-2019); formerly, Executive Director (1994-2012), Gaylord
and Dorothy Donnelley Foundation; prior thereto, Executive Director, Great Lakes Protection Fund (1990-1994).
|
|
154
|
|
None
|
12
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Name, Address
and Year of Birth
|
|
Position(s)
Held with
Fund
|
|
Term of Office
and Length
of Time Served(1)
|
|
Principal Occupation(s)
During Past 5 Years
|
|
Number of
Portfolios
in Fund
Complex
Overseen
by Board
Member
|
|
Other
Directorships
Held by
Board
Member
During the
Past
Five
Years
|
|
|
|
|
|
|
Carole E. Stone
c/o Nuveen
333 West Wacker Drive
Chicago, IL 60606
1947
|
|
Board Member
|
|
Term: Class I or III Board Member until 2022 annual shareholder
meeting(2)
Length of Service: Since 2007
|
|
Former Director, Chicago Board Options Exchange, Inc. (2006-2017) and C2 Options Exchange, Incorporated (2009-2017); formerly, Commissioner, New York State Commission on Public Authority
Reform (2005-2010).
|
|
154
|
|
Formerly, Director, Cboe Global Markets, Inc., (formerly named CBOE Holdings, Inc.) (2010-2020).
|
|
|
|
|
|
|
Margaret L. Wolff
c/o Nuveen
333 West Wacker Drive
Chicago, IL 60606
1955
|
|
Board Member
|
|
Term: Class I or III Board Member until 2022 annual shareholder
meeting(2)
Length of Service: Since 2016
|
|
Formerly, Of Counsel, Skadden, Arps, Slate, Meagher & Flom LLP (Mergers & Acquisitions Group) (2005-2014); Member of the Board of Trustees of New York-Presbyterian Hospital
(since 2005); Member (since 2004) and Chair (since 2015) of the Board of Trustees of The John A. Hartford Foundation (a philanthropy dedicated to improving the care of older adults); formerly, Member (2005-2015) and Vice Chair (2011-2015) of the
Board of Trustees of Mt. Holyoke College.
|
|
154
|
|
Formerly, Member of the Board of Directors (2013-2017) of Travelers Insurance Company of Canada and The Dominion of Canada General Insurance Company (each, a part of Travelers Canada, the
Canadian operation of The Travelers Companies, Inc.).
|
13
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Name, Address
and Year of Birth
|
|
Position(s)
Held with
Fund
|
|
Term of Office
and Length
of Time Served(1)
|
|
Principal Occupation(s)
During Past 5 Years
|
|
Number of
Portfolios
in Fund
Complex
Overseen
by Board
Member
|
|
Other
Directorships
Held by
Board
Member
During the
Past
Five
Years
|
|
|
|
|
|
|
Robert L. Young
c/o Nuveen
333 West Wacker Drive
Chicago, IL 60606
1963
|
|
Board Member
|
|
Term: Class I or II Board Member until 2020 annual shareholder meeting(2)
Length of Service: Since 2017
|
|
Formerly, Chief Operating Officer and Director, J.P. Morgan Investment Management Inc. (2010-2016); formerly, President and Principal Executive Officer
(2013-2016), and Senior Vice President and Chief Operating Officer (2005-2010) of J.P. Morgan Funds; formerly, Director and various officer positions for J.P. Morgan Investment Management Inc. (formerly, JPMorgan Funds Management, Inc. and formerly,
One Group Administrative Services) and JPMorgan Distribution Services, Inc. (formerly, One Group Dealer Services, Inc.) (1999-2017).
|
|
154
|
|
None
|
(1)
|
Length of Time Served indicates the year in which the individual became a Board Member of a fund in the Nuveen fund complex.
|
(2)
|
For Municipal Value, New York Value and each Massachusetts Fund, except AMT-Free Credit Income, AMT-Free Quality Income, Credit Income, Municipal High Income, New York AMT-Free, New York Quality Income and Quality Income, Board Member Hunter serves as a Class I
Board Member and Board Member Moschner serves as a Class III Board Member. For Municipal Income, Board Members Nelson, Toth and Young serve as Class I Board Members; Board Members Evans and Moschner serve as Class II Board Members;
and Board Members Hunter, Stockdale, Stone and Wolff serve as Class III Board Members.
|
(3)
|
Board Member Toth serves as a director on the Board of Directors of the Mather Foundation (the Foundation) and is a member of its investment
committee. The Foundation is the parent of the Mather LifeWays organization, a non-profit charitable organization. Prior to Board Member Toth joining the Board of the Foundation, the Foundation selected
Gresham Investment Management (Gresham), an affiliate of the Adviser, to manage a portion of the Foundations investment portfolio, and pursuant to this selection, the Foundation has invested that portion of its investment portfolio
in a private commodity pool managed by Gresham.
|
Board Member Investments in the Funds
In order to create an appropriate identity of interests between Board Members and shareholders, the Boards of Directors/Trustees of the Nuveen funds have adopted a
governance principle pursuant to which each Board Member is expected to invest, either directly or on a deferred basis, at least the equivalent of one year of compensation in the funds in the Nuveen fund complex.
The dollar range of equity securities beneficially owned by each Board Member in each Fund and all Nuveen funds overseen by the Board Member as of May 31, 2020
is set forth in
14
Appendix A. The number of shares of each Fund beneficially owned by each Board Member and by the Board Members and officers of the Funds as a group as of May 31,
2020 is also set forth in Appendix A. On May 31, 2020, Board Members and executive officers as a group beneficially owned approximately 1.13 million shares of all funds managed by the Adviser (including shares
held by the Board Members through the Deferred Compensation Plan for Independent Board Members and by executive officers in Nuveens 401(k)/profit sharing plan). As of June 8, 2020, each Board Members individual beneficial
shareholdings of each Fund constituted less than 1% of the outstanding shares of the Fund. As of June 8, 2020, the Board Members and executive officers as a group beneficially owned less than 1% of the outstanding shares of each Fund. As of
June 8, 2020, no shareholder beneficially owned more than 5% of any class of shares of any Fund, except as provided in Appendix B.
Compensation
Effective January 1, 2020, each Independent Board Member receives a $195,000
annual retainer, increased from $190,000 as of January 1, 2019, plus: (a) a fee of $6,750 per day, which was increased from $6,500 per day as of January 1, 2019, for attendance in person or by telephone at regularly scheduled meetings
of the Board; (b) a fee of $3,000 per meeting for attendance in person or by telephone at special, non-regularly scheduled meetings of the Board where in-person
attendance is required and $2,000 per meeting for attendance by telephone or in person at such meetings where in-person attendance is not required; (c) a fee of $2,500 per meeting for attendance in person
or by telephone at Audit Committee meetings where in-person attendance is required and $2,000 per meeting for attendance by telephone or in person at such meetings where
in-person attendance is not required; (d) a fee of $5,000 per meeting, which was increased from $2,500 per day as of January 1, 2019, for attendance in person or by telephone at Compliance, Risk
Management and Regulatory Oversight Committee meetings where in-person attendance is required and $2,000 per meeting for attendance by telephone or in person at such meetings where in-person attendance is not required; (e) a fee of $1,000 per meeting for attendance in person or by telephone at Dividend Committee meetings; (f) a fee of $2,500 per meeting for attendance in person or by
telephone at Closed-End Funds Committee meetings where in-person attendance is required and $2,000 per meeting for attendance by telephone or in person at such meetings
where in-person attendance is not required; and (g) a fee of $500 per meeting for attendance in person or by telephone at all other committee meetings ($1,000 for shareholder meetings) where in-person attendance is required and $250 per meeting for attendance by telephone or in person at such committee meetings (excluding shareholder meetings) where in-person
attendance is not required, and $100 per meeting when the Executive Committee acts as pricing committee for IPOs; plus, in each case, expenses incurred in attending such meetings, provided that no fees are received for meetings held on days on which
regularly scheduled Board meetings are held. In addition to the payments described above, the Chairman of the Board receives $90,000, and the chairpersons of the Audit Committee; the Dividend Committee; the Compliance, Risk Management and Regulatory
Oversight Committee; the Closed-End Funds Committee; and the Nominating and Governance Committee receive $15,000 each as annual retainers. Independent Board Members also receive a fee of $3,000 per day for
site visits to entities that provide services to the Nuveen funds on days on which no Board meeting is held. When ad hoc committees are organized, the Nominating and Governance Committee will at the time of formation determine compensation to be
paid to the members of such committee; however, in
15
general, such fees will be $1,000 per meeting for attendance in person or by telephone at ad hoc committee meetings where in-person attendance is required
and $500 per meeting for attendance by telephone or in person at such meetings where in-person attendance is not required. The annual retainer, fees and expenses are allocated among the Nuveen funds on the
basis of relative net assets, although management may, in its discretion, establish a minimum amount to be allocated to each fund. In certain instances fees and expenses will be allocated only to those Nuveen funds that are discussed at a given
meeting.
The Funds do not have retirement or pension plans. Certain Nuveen funds (the Participating Funds) participate in a deferred
compensation plan (the Deferred Compensation Plan) that permits an Independent Board Member to elect to defer receipt of all or a portion of his or her compensation as an Independent Board Member. The deferred compensation of a
participating Independent Board Member is credited to a book reserve account of the Participating Fund when the compensation would otherwise have been paid to such Independent Board Member. The value of an Independent Board Members deferral
account at any time is equal to the value that the account would have had if contributions to the account had been invested and reinvested in shares of one or more of the eligible Nuveen funds. At the time for commencing distributions from an
Independent Board Members deferral account, the Independent Board Member may elect to receive distributions in a lump sum or over a period of five years. The Participating Fund will not be liable for any other funds obligations to make
distributions under the Deferred Compensation Plan.
The Funds have no employees. The officers of the Funds and the Board Members of each Fund who are
not Independent Board Members serve without any compensation from the Funds.
16
The table below shows, for each Independent Board Member, the aggregate compensation paid by each Fund to the
Independent Board Member/nominee for its last fiscal year.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aggregate Compensation from the Funds(*)
|
|
Fund Name
|
|
Jack B.
Evans
|
|
|
William C.
Hunter
|
|
|
Albin F.
Moschner
|
|
|
John K.
Nelson
|
|
|
William
J.
Schneider(1)
|
|
|
Judith M.
Stockdale
|
|
|
Carole E.
Stone
|
|
|
Terence J.
Toth
|
|
|
Margaret L.
Wolff
|
|
|
Robert L.
Young
|
|
|
|
|
|
|
|
|
|
|
|
|
AMT-Free Credit Income
|
|
$
|
14,572
|
|
|
$
|
15,174
|
|
|
$
|
13,577
|
|
|
$
|
15,231
|
|
|
$
|
3,990
|
|
|
$
|
14,059
|
|
|
$
|
14,948
|
|
|
$
|
17,929
|
|
|
$
|
13,836
|
|
|
$
|
13,080
|
|
|
|
|
|
|
|
|
|
|
|
|
AMT-Free Value
|
|
|
715
|
|
|
|
750
|
|
|
|
664
|
|
|
|
753
|
|
|
|
167
|
|
|
|
689
|
|
|
|
711
|
|
|
|
879
|
|
|
|
664
|
|
|
|
667
|
|
|
|
|
|
|
|
|
|
|
|
|
AMT-Free Quality Income
|
|
|
17,541
|
|
|
|
18,263
|
|
|
|
16,222
|
|
|
|
18,333
|
|
|
|
4,818
|
|
|
|
16,922
|
|
|
|
17,993
|
|
|
|
21,462
|
|
|
|
16,656
|
|
|
|
15,741
|
|
|
|
|
|
|
|
|
|
|
|
|
California Select
|
|
|
254
|
|
|
|
259
|
|
|
|
239
|
|
|
|
266
|
|
|
|
243
|
|
|
|
237
|
|
|
|
247
|
|
|
|
279
|
|
|
|
236
|
|
|
|
226
|
|
|
|
|
|
|
|
|
|
|
|
|
Enhanced Value
|
|
|
1,050
|
|
|
|
1,093
|
|
|
|
967
|
|
|
|
1,097
|
|
|
|
287
|
|
|
|
1,013
|
|
|
|
1,077
|
|
|
|
1,281
|
|
|
|
997
|
|
|
|
942
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Income
|
|
|
10,335
|
|
|
|
10,761
|
|
|
|
9,526
|
|
|
|
10,802
|
|
|
|
2,947
|
|
|
|
9,970
|
|
|
|
10,600
|
|
|
|
12,713
|
|
|
|
9,813
|
|
|
|
9,276
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal High Income
|
|
|
2,728
|
|
|
|
2,842
|
|
|
|
2,514
|
|
|
|
2,853
|
|
|
|
731
|
|
|
|
2,632
|
|
|
|
2,798
|
|
|
|
3,330
|
|
|
|
2,589
|
|
|
|
2,451
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Income
|
|
|
275
|
|
|
|
288
|
|
|
|
255
|
|
|
|
289
|
|
|
|
65
|
|
|
|
265
|
|
|
|
273
|
|
|
|
338
|
|
|
|
255
|
|
|
|
256
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Value
|
|
|
6,028
|
|
|
|
6,277
|
|
|
|
5,556
|
|
|
|
6,301
|
|
|
|
1,647
|
|
|
|
5,815
|
|
|
|
6,183
|
|
|
|
7,357
|
|
|
|
5,723
|
|
|
|
5,411
|
|
|
|
|
|
|
|
|
|
|
|
|
New York AMT-Free
|
|
|
5,256
|
|
|
|
5,381
|
|
|
|
4,962
|
|
|
|
5,518
|
|
|
|
5,054
|
|
|
|
4,923
|
|
|
|
5,123
|
|
|
|
5,788
|
|
|
|
4,895
|
|
|
|
4,653
|
|
|
|
|
|
|
|
|
|
|
|
|
New York Value 2
|
|
|
95
|
|
|
|
97
|
|
|
|
90
|
|
|
|
100
|
|
|
|
95
|
|
|
|
90
|
|
|
|
95
|
|
|
|
105
|
|
|
|
90
|
|
|
|
87
|
|
|
|
|
|
|
|
|
|
|
|
|
New York Value
|
|
|
399
|
|
|
|
408
|
|
|
|
376
|
|
|
|
419
|
|
|
|
397
|
|
|
|
375
|
|
|
|
396
|
|
|
|
439
|
|
|
|
376
|
|
|
|
363
|
|
|
|
|
|
|
|
|
|
|
|
|
New York Quality Income
|
|
|
1,838
|
|
|
|
1,882
|
|
|
|
1,735
|
|
|
|
1,930
|
|
|
|
1,768
|
|
|
|
1,722
|
|
|
|
1,792
|
|
|
|
2,024
|
|
|
|
1,712
|
|
|
|
1,627
|
|
|
|
|
|
|
|
|
|
|
|
|
New York Select
|
|
|
146
|
|
|
|
149
|
|
|
|
137
|
|
|
|
153
|
|
|
|
139
|
|
|
|
136
|
|
|
|
142
|
|
|
|
160
|
|
|
|
135
|
|
|
|
130
|
|
|
|
|
|
|
|
|
|
|
|
|
Quality Income
|
|
|
13,819
|
|
|
|
14,389
|
|
|
|
12,738
|
|
|
|
14,443
|
|
|
|
3,904
|
|
|
|
13,332
|
|
|
|
14,175
|
|
|
|
16,960
|
|
|
|
13,122
|
|
|
|
12,402
|
|
|
|
|
|
|
|
|
|
|
|
|
Select Maturities
|
|
|
344
|
|
|
|
352
|
|
|
|
325
|
|
|
|
361
|
|
|
|
342
|
|
|
|
323
|
|
|
|
341
|
|
|
|
379
|
|
|
|
325
|
|
|
|
313
|
|
|
|
|
|
|
|
|
|
|
|
|
Select Tax-Free
|
|
|
669
|
|
|
|
684
|
|
|
|
630
|
|
|
|
701
|
|
|
|
641
|
|
|
|
626
|
|
|
|
653
|
|
|
|
735
|
|
|
|
622
|
|
|
|
597
|
|
|
|
|
|
|
|
|
|
|
|
|
Select Tax-Free 2
|
|
|
687
|
|
|
|
702
|
|
|
|
647
|
|
|
|
719
|
|
|
|
657
|
|
|
|
642
|
|
|
|
670
|
|
|
|
755
|
|
|
|
638
|
|
|
|
612
|
|
|
|
|
|
|
|
|
|
|
|
|
Select Tax-Free 3
|
|
|
537
|
|
|
|
548
|
|
|
|
506
|
|
|
|
562
|
|
|
|
514
|
|
|
|
502
|
|
|
|
524
|
|
|
|
590
|
|
|
|
499
|
|
|
|
479
|
|
|
|
|
|
|
|
|
|
|
|
|
Taxable Income
|
|
|
1,850
|
|
|
|
1,891
|
|
|
|
1,747
|
|
|
|
1,939
|
|
|
|
1,776
|
|
|
|
1,738
|
|
|
|
1,813
|
|
|
|
2,053
|
|
|
|
1,728
|
|
|
|
1,664
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Compensation from Nuveen Funds Paid to Board Members/ Nominees
|
|
$
|
400,437
|
|
|
$
|
420,625
|
|
|
$
|
376,050
|
|
|
$
|
420,625
|
|
|
$
|
106,655
|
|
|
$
|
388,232
|
|
|
$
|
409,035
|
|
|
$
|
490,225
|
|
|
$
|
384,667
|
|
|
$
|
363,189
|
|
(1)
|
Board Member Schneider retired from the Board of Trustees/Directors of the Nuveen funds effective December 31, 2018.
|
17
(*)
|
Includes deferred fees. Pursuant to the Deferred Compensation Plan with certain Participating Funds, deferred amounts are treated as though an
equivalent dollar amount has been invested in shares of one or more Participating Funds. Total deferred fees for the Participating Funds (including the return from the assumed investment in the Participating Funds) payable are:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fund Name
|
|
Jack B.
Evans
|
|
|
William C.
Hunter
|
|
|
Albin F.
Moschner
|
|
|
John K.
Nelson
|
|
|
William J.
Schneider
|
|
|
Judith M.
Stockdale
|
|
|
Carole E.
Stone
|
|
|
Terence J.
Toth
|
|
|
Margaret L.
Wolff
|
|
|
Robert L.
Young
|
|
|
|
|
|
|
|
|
|
|
|
|
AMT-Free Credit Income
|
|
$
|
1,551
|
|
|
$
|
|
|
|
$
|
|
|
|
$
|
|
|
|
$
|
3,990
|
|
|
$
|
2,725
|
|
|
$
|
7,753
|
|
|
$
|
|
|
|
$
|
4,837
|
|
|
$
|
13,080
|
|
|
|
|
|
|
|
|
|
|
|
|
AMT-Free Value
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AMT-Free Quality Income
|
|
|
1,867
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,818
|
|
|
|
3,279
|
|
|
|
9,333
|
|
|
|
|
|
|
|
5,823
|
|
|
|
15,741
|
|
|
|
|
|
|
|
|
|
|
|
|
California Select
|
|
|
25
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
243
|
|
|
|
35
|
|
|
|
122
|
|
|
|
|
|
|
|
76
|
|
|
|
226
|
|
|
|
|
|
|
|
|
|
|
|
|
Enhanced Value
|
|
|
112
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
287
|
|
|
|
196
|
|
|
|
558
|
|
|
|
|
|
|
|
348
|
|
|
|
942
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Income
|
|
|
1,100
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,947
|
|
|
|
1,932
|
|
|
|
5,498
|
|
|
|
|
|
|
|
3,430
|
|
|
|
9,276
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal High Income
|
|
|
290
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
731
|
|
|
|
511
|
|
|
|
1,451
|
|
|
|
|
|
|
|
905
|
|
|
|
2,451
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Value
|
|
|
641
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,647
|
|
|
|
1,127
|
|
|
|
3,207
|
|
|
|
|
|
|
|
2,001
|
|
|
|
5,411
|
|
|
|
|
|
|
|
|
|
|
|
|
New York AMT-Free
|
|
|
518
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,054
|
|
|
|
724
|
|
|
|
2,513
|
|
|
|
|
|
|
|
1,571
|
|
|
|
4,653
|
|
|
|
|
|
|
|
|
|
|
|
|
New York Value 2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New York Value
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New York Quality Income
|
|
|
181
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,768
|
|
|
|
253
|
|
|
|
879
|
|
|
|
|
|
|
|
549
|
|
|
|
1,627
|
|
|
|
|
|
|
|
|
|
|
|
|
New York Select
|
|
|
15
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
139
|
|
|
|
20
|
|
|
|
70
|
|
|
|
|
|
|
|
43
|
|
|
|
130
|
|
|
|
|
|
|
|
|
|
|
|
|
Quality Income
|
|
|
1,471
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,904
|
|
|
|
2,584
|
|
|
|
7,352
|
|
|
|
|
|
|
|
4,588
|
|
|
|
12,402
|
|
|
|
|
|
|
|
|
|
|
|
|
Select Maturities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Select Tax-Free
|
|
|
67
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
641
|
|
|
|
92
|
|
|
|
321
|
|
|
|
|
|
|
|
199
|
|
|
|
597
|
|
|
|
|
|
|
|
|
|
|
|
|
Select Tax-Free 2
|
|
|
69
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
657
|
|
|
|
95
|
|
|
|
330
|
|
|
|
|
|
|
|
205
|
|
|
|
612
|
|
|
|
|
|
|
|
|
|
|
|
|
Select Tax-Free 3
|
|
|
54
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
514
|
|
|
|
74
|
|
|
|
258
|
|
|
|
|
|
|
|
160
|
|
|
|
479
|
|
|
|
|
|
|
|
|
|
|
|
|
Taxable Income
|
|
|
187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,776
|
|
|
|
258
|
|
|
|
896
|
|
|
|
|
|
|
|
557
|
|
|
|
1,664
|
|
18
Board Leadership Structure and Risk Oversight
The Board of each Fund oversees the operations and management of the Fund, including the duties performed for the Fund by the Adviser. The Board has adopted a
unitary board structure. A unitary board consists of one group of board members who serves on the board of every fund in the complex. In adopting a unitary board structure, the Board Members seek to provide effective governance through establishing
a board, the overall composition of which will, as a body, possess the appropriate skills, independence and experience to oversee the Funds business. With this overall framework in mind, when the Board, through its Nominating and Governance
Committee discussed below, seeks nominees for the Board, the Board Members consider not only the candidates particular background, skills and experience, among other things, but also whether such background, skills and experience enhance the
Boards diversity and at the same time complement the Board given its current composition and the mix of skills and experiences of the incumbent Board Members. The Nominating and Governance Committee believes that the Board generally benefits
from diversity of background, experience and views among its members, and considers this a factor in evaluating the composition of the Board, but has not adopted any specific policy on diversity or any particular definition of diversity.
The Board believes the unitary board structure enhances good and effective governance, particularly given the nature of the structure of the investment company
complex. Funds in the same complex generally are served by the same service providers and personnel and are governed by the same regulatory scheme which raises common issues that must be addressed by the Board Members across the fund complex (such
as compliance, valuation, liquidity, brokerage, trade allocation or risk management). The Board believes it is more efficient to have a single board review and oversee common policies and procedures which increases the Boards knowledge and
expertise with respect to the many aspects of fund operations that are complex-wide in nature. The unitary structure also enhances the Boards influence and oversight over the Adviser and other service providers.
In an effort to enhance the independence of the Board, the Board also has a Chairman that is an Independent Board Member. The Board recognizes that a chairman can
perform an important role in setting the agenda for the Board, establishing the boardroom culture, establishing a point person on behalf of the Board for Fund management, and reinforcing the Boards focus on the long-term interests of
shareholders. The Board recognizes that a chairman may be able to better perform these functions without any conflicts of interests arising from a position with Fund management. Accordingly, the Board Members have elected Terence J. Toth as the
independent Chairman of the Board. Specific responsibilities of the Chairman include: (i) presiding at all meetings of the Board and of the shareholders; (ii) seeing that all orders and resolutions of the Board Members are carried into
effect; and (iii) maintaining records of and, whenever necessary, certifying all proceedings of the Board Members and the shareholders.
Although
the Board has direct responsibility over various matters (such as advisory contracts, underwriting contracts and Fund performance), the Board also exercises certain of its oversight responsibilities through several committees that it has established
and which report back to the full Board. The Board believes that a committee structure is an effective means to permit Board Members to focus on particular operations or issues affecting the Funds, including risk oversight. More specifically, with
respect to risk oversight, the Board has delegated
19
matters relating to valuation and compliance to certain committees (as summarized below) as well as certain aspects of investment risk. In addition, the Board believes that the periodic rotation
of Board Members among the different committees allows the Board Members to gain additional and different perspectives of a Funds operations. The Board has established six standing committees: the Executive Committee, the Dividend Committee,
the Audit Committee, the Compliance, Risk Management and Regulatory Oversight Committee, the Nominating and Governance Committee and the Closed-End Funds Committee. The Board may also from time to time create
ad hoc committees to focus on particular issues as the need arises. The membership and functions of the standing committees are summarized below.
Executive Committee. The Executive Committee, which meets between regular meetings of the Board, is authorized to exercise all of the powers of the Board.
The members of the Executive Committee are Terence J. Toth, Chair, Albin F. Moschner and Margaret L. Wolf. The number of Executive Committee meetings of each Fund held during its last fiscal year is shown in Appendix C.
Dividend Committee. The Dividend Committee is authorized to declare distributions on each Funds shares including, but not limited to, regular and
special dividends, capital gains and ordinary income distributions. The members of the Dividend Committee are Robert L. Young, Chair, William C. Hunter, Albin F. Moschner and Margaret L. Wolff. The number of Dividend Committee meetings of each Fund
held during its last fiscal year is shown in Appendix C.
Audit Committee. The Board has an Audit Committee, in accordance with
Section 3(a)(58)(A) of the Securities Exchange Act of 1934 (1934 Act), that is composed of Independent Board Members who are also independent as that term is defined in the listing standards pertaining to closed-end funds of the NYSE. The Audit Committee assists the Board in: the oversight and monitoring of the accounting and reporting policies, processes and practices of the Funds, and the audits of the financial
statements of the Funds; the quality and integrity of the financial statements of the Funds; the Funds compliance with legal and regulatory requirements relating to the Funds financial statements; the independent auditors
qualifications, performance and independence; and the pricing procedures of the Funds and the internal valuation group of Nuveen. It is the responsibility of the Audit Committee to select, evaluate and replace any independent auditors (subject only
to Board and, if applicable, shareholder ratification) and to determine their compensation. The Audit Committee is also responsible for, among other things, overseeing the valuation of securities comprising the Funds portfolios. Subject to the
Boards general supervision of such actions, the Audit Committee addresses any valuation issues, oversees the Funds pricing procedures and actions taken by Nuveens internal valuation group which provides regular reports to the Audit
Committee, reviews any issues relating to the valuation of the Funds securities brought to its attention, and considers the risks to the Funds in assessing the possible resolutions of these matters. The Audit Committee may also consider any
financial risk exposures for the Funds in conjunction with performing its functions.
To fulfill its oversight duties, the Audit Committee receives
annual and semiannual reports and has regular meetings with the external auditors for the Funds and the internal audit group at Nuveen. The Audit Committee also may review, in a general manner, the processes the Board or other Board committees have
in place with respect to risk assessment and risk management as well as compliance with legal and regulatory matters relating to the Funds financial statements. The Audit Committee operates under a written Audit Committee Charter (the
Charter) adopted and approved by the Board, which Charter conforms to the listing
20
standards of the NYSE. Members of the Audit Committee are independent (as set forth in the Charter) and free of any relationship that, in the opinion of the Board Members, would interfere with
their exercise of independent judgment as an Audit Committee member. The members of the Audit Committee are Carole E. Stone, Chair, Jack B. Evans, William C. Hunter, John K. Nelson and Judith M. Stockdale, each of whom is an Independent Board Member
of the Funds. A copy of the Charter is available at https://www.nuveen.com/fund-governance. The number of Audit Committee meetings of each Fund held during its last fiscal year is shown in Appendix C.
Compliance, Risk Management and Regulatory Oversight Committee. The Compliance, Risk Management and Regulatory Oversight Committee (the Compliance
Committee) is responsible for the oversight of compliance issues, risk management and other regulatory matters affecting the Funds that are not otherwise under or within the jurisdiction of the other committees. The Board has adopted and
periodically reviews policies and procedures designed to address the Funds compliance and risk matters. As part of its duties, the Compliance Committee: reviews the policies and procedures relating to compliance matters and recommends
modifications thereto as necessary or appropriate to the full Board; develops new policies and procedures as new regulatory matters affecting the Funds arise from time to time; evaluates or considers any comments or reports from examinations from
regulatory authorities and responses thereto; and performs any special reviews, investigations or other oversight responsibilities relating to risk management, compliance and/or regulatory matters as requested by the Board.
In addition, the Compliance Committee is responsible for risk oversight, including, but not limited to, the oversight of risks related to investments and
operations. Such risks include, among other things, exposures to: particular issuers, market sectors, or types of securities; risks related to product structure elements, such as leverage; and techniques that may be used to address those risks, such
as hedging and swaps. In assessing issues brought to the Compliance Committees attention or in reviewing a particular policy, procedure, investment technique or strategy, the Compliance Committee evaluates the risks to the Funds in adopting a
particular approach or resolution compared to the anticipated benefits to the Funds and their shareholders. In fulfilling its obligations, the Compliance Committee meets on a quarterly basis, and at least once a year in person. The Compliance
Committee receives written and oral reports from the Funds Chief Compliance Officer (CCO) and meets privately with the CCO at each of its quarterly meetings. The CCO also provides an annual report to the full Board regarding the
operations of the Funds and other service providers compliance programs as well as any recommendations for modifications thereto. The Compliance Committee also receives reports from the investment services group of Nuveen regarding
various investment risks. Notwithstanding the foregoing, the full Board also participates in discussions with management regarding certain matters relating to investment risk, such as the use of leverage and hedging. The investment services group
therefore also reports to the full Board at its quarterly meetings regarding, among other things, Fund performance and the various drivers of such performance. Accordingly, the Board directly and/or in conjunction with the Compliance Committee
oversees matters relating to investment risks. Matters not addressed at the committee level are addressed directly by the full Board. The Compliance Committee operates under a written charter adopted and approved by the Board. The Compliance
Committee operates under a written charter adopted and approved by the Board. The members of the Compliance Committee are John K. Nelson, Chair, Albin F. Moschner, Terence J. Toth, Margaret L. Wolff and Robert L. Young. The number of Compliance
Committee meetings of each Fund held during its last fiscal year is shown in Appendix C.
21
Nominating and Governance Committee. The Nominating and Governance Committee is responsible for seeking,
identifying and recommending to the Board qualified candidates for election or appointment to the Board. In addition, the Nominating and Governance Committee oversees matters of corporate governance, including the evaluation of Board performance and
processes, the assignment and rotation of committee members, and the establishment of corporate governance guidelines and procedures, to the extent necessary or desirable, and matters related thereto. Although the unitary and committee structure has
been developed over the years and the Nominating and Governance Committee believes the structure has provided efficient and effective governance, the Nominating and Governance Committee recognizes that, as demands on the Board evolve over time (such
as through an increase in the number of funds overseen or an increase in the complexity of the issues raised), the Nominating and Governance Committee must continue to evaluate the Board and committee structures and their processes and modify the
foregoing as may be necessary or appropriate to continue to provide effective governance. Accordingly, the Nominating and Governance Committee has a separate meeting each year to, among other things, review the Board and committee structures, their
performance and functions, and recommend any modifications thereto or alternative structures or processes that would enhance the Boards governance over the Funds business.
In addition, the Nominating and Governance Committee, among other things: makes recommendations concerning the continuing education of Board Members; monitors performance of legal counsel and other service
providers; establishes and monitors a process by which security holders are able to communicate in writing with Board Members; and periodically reviews and makes recommendations about any appropriate changes to Board Member compensation. In the
event of a vacancy on the Board, the Nominating and Governance Committee receives suggestions from various sources, including shareholders, as to suitable candidates. Suggestions should be sent in writing to William Siffermann, Manager of Fund Board
Relations, Nuveen, 333 West Wacker Drive, Chicago, Illinois 60606. The Nominating and Governance Committee sets appropriate standards and requirements for nominations for new Board Members and each nominee is evaluated using the same standards.
However, the Nominating and Governance Committee reserves the right to interview any and all candidates and to make the final selection of any new Board Members. In considering a candidates qualifications, each candidate must meet certain
basic requirements, including relevant skills and experience, time availability (including the time requirements for due diligence site visits to internal and external sub-advisers and service providers) and,
if qualifying as an Independent Board Member candidate, independence from the Adviser, sub-advisers, underwriters or other service providers, including any affiliates of these entities. These skill and
experience requirements may vary depending on the current composition of the Board, since the goal is to ensure an appropriate range of skills, diversity and experience, in the aggregate. Accordingly, the particular factors considered and weight
given to these factors will depend on the composition of the Board and the skills and backgrounds of the incumbent Board Members at the time of consideration of the nominees. All candidates, however, must meet high expectations of personal
integrity, independence, governance experience and professional competence. All candidates must be willing to be critical within the Board and with management and yet maintain a collegial and collaborative manner toward other Board Members. The
Nominating and Governance Committee operates under a written charter adopted and approved by the Board, a copy of which is available on the Funds website at https://www.nuveen.com/fund-governance, and is composed entirely of Independent Board
Members, who are also
22
independent as defined by NYSE listing standards. The members of the Nominating and Governance Committee are Terence J. Toth, Chair, Jack B. Evans, William C. Hunter, Albin F.
Moschner, John K. Nelson, Judith M. Stockdale, Carole E. Stone, Margaret L. Wolff and Robert L. Young. The number of Nominating and Governance Committee meetings of each Fund held during its last fiscal year is shown in Appendix C.
Closed-End Funds Committee. The Closed-End Funds Committee is
responsible for assisting the Board in the oversight and monitoring of the Nuveen funds that are registered as closed-end management investment companies
(Closed-End Funds). The Closed-End Funds Committee may review and evaluate matters related to the formation and the initial presentation to the Board of any
new Closed-End Fund and may review and evaluate any matters relating to any existing Closed-End Fund. The Closed-End Funds
Committee receives updates on the secondary closed-end fund market and evaluates the premiums and discounts of the Nuveen closed-end funds, including the Funds, at each
quarterly meeting. The Closed-End Funds Committee, reviews, among other things, the premium and discount trends in the broader closed-end fund market, by asset category
and by closed-end fund; the historical total return performance data for the Nuveen closed-end funds, including the Funds, based on net asset value and price over
various periods; the volatility trends in the market; the use of leverage by the Nuveen closed-end funds, including the Funds; the distribution data of the Nuveen
closed-end funds, including the Funds, and as compared to peer averages; and a summary of common share issuances, if any, and share repurchases, if any, during the applicable quarter. The Closed-End Funds Committee regularly engages in more in-depth discussions of premiums and discounts of the Nuveen closed-end funds.
Additionally, the Closed-End Funds Committee members participate in in-depth workshops to explore, among other things, actions to address discounts of the Nuveen closed-end funds, potential share repurchases and available leverage strategies and their use. The Closed-End Funds Committee operates under a written charter adopted and
approved by the Board. The members of the Closed-End Funds Committee are Jack B. Evans, Chair, Carole E. Stone, Terence J. Toth, Margaret L. Wolff and Robert L. Young. The number of Closed-End Funds Committee meetings of each Fund held during its last fiscal year is shown in Appendix C.
Board Member Attendance. The number of regular quarterly meetings and special meetings held by the Board of each Fund during the Funds last fiscal year
is shown in Appendix C. During the last fiscal year, each Board Member attended 75% or more of each Funds Board meetings and the committee meetings (if a member thereof) held during the period for which such Board Member was a Board Member.
The policy of the Board relating to attendance by Board Members at annual meetings of shareholders of the Funds and the number of Board Members who attended the last annual meeting of shareholders of each Fund is posted on the Funds website at
https://www.nuveen.com/fund-governance.
Board Diversification and Board Member Qualifications. In determining that a particular Board Member was
qualified to serve on the Board, the Board considered each Board Members background, skills, experience and other attributes in light of the composition of the Board with no particular factor controlling. The Board believes that Board Members
need to have the ability to critically review, evaluate, question and discuss information provided to them, and to interact effectively with Fund management, service providers and counsel, in order to exercise effective business judgment in the
performance of their duties, and the Board believes each Board Member satisfies this standard. An effective Board Member may achieve this ability through his or her educational background; business, professional training or practice; public
23
service or academic positions; experience from service as a board member or executive of investment funds, public companies or significant private or not-for-profit entities or other organizations; and/or other life experiences. Accordingly, set forth below is a summary of the experiences, qualifications, attributes and skills that led to the conclusion,
as of the date of this document, that each Board Member should serve in that capacity. References to the experiences, qualifications, attributes and skills of Board Members are pursuant to requirements of the Securities and Exchange Commission
(SEC), do not constitute holding out the Board or any Board Member as having any special expertise or experience and shall not impose any greater responsibility or liability on any such person or on the Board by reason thereof.
Jack B. Evans
Mr. Evans
has served as Chairman of The Hall-Perrine Foundation, a private philanthropic corporation, since 2019, and served as President from 1996-2019. Mr. Evans was formerly President and Chief Operating Officer of the SCI Financial Group, Inc., a
regional financial services firm headquartered in Cedar Rapids, Iowa. Formerly, he was a member of the Board of the Federal Reserve Bank of Chicago as well as a Director of Alliant Energy and President Pro Tem of the Board of Regents for the State
of Iowa University System. Mr. Evans is Chairman of the Board of United Fire Group, sits on the Board of The Gazette Company, and is a Life Trustee of Coe College. He has a Bachelor of Arts from Coe College and an M.B.A. from the University of
Iowa. Mr. Evans joined the Board in 1999.
William C. Hunter
Dr. Hunter became Dean Emeritus of the Henry B. Tippie College of Business at the University of Iowa in 2012, after having served as Dean of the College since July 2006. He had been Dean and Distinguished
Professor of Finance at the University of Connecticut School of Business from 2003 to 2006. From 1995 to 2003, he was the Senior Vice President and Director of Research at the Federal Reserve Bank of Chicago. He has held faculty positions at Emory
University, Atlanta University, the University of Georgia and Northwestern University. He has consulted with numerous foreign central banks and official agencies in Europe, Asia, Central America and South America. He has been a Director of Wellmark,
Inc. since 2009. He is a past Director (2005-2015) and a past President (2010-2014) of Beta Gamma Sigma, Inc., The International Business Honor Society and a past Director (2004-2018) of the Xerox Corporation. Dr. Hunter joined the Board in
2004.
Albin F. Moschner
Mr. Moschner is a consultant in the wireless industry and, in July 2012, founded Northcroft Partners, LLC, a management consulting firm that provides
operational, management and governance solutions. Prior to founding Northcroft Partners, LLC, Mr. Moschner held various positions at Leap Wireless International, Inc., a provider of wireless services, where he was a consultant from February
2011 to July 2012, Chief Operating Officer from July 2008 to February 2011, and Chief Marketing Officer from August 2004 to June 2008. Before he joined Leap Wireless International, Inc., Mr. Moschner was President of the Verizon Card Services
division of Verizon Communications, Inc. from 2000 to 2003, and President of One Point Services at One Point Communications from 1999 to 2000. Mr. Moschner also served at Zenith
24
Electronics Corporation as Director, President and Chief Executive Officer from 1995 to 1996, and as Director, President and Chief Operating Officer from 1994 to 1995. Mr. Moschner has been
Chairman of the Board (since 2019) and a member of the Board of Directors (since 2012) of USA Technologies, Inc. and, from 1996 until 2016, he was a member of the Board of Directors of Wintrust Financial Corporation. In addition, he is emeritus
(since 2018) of the Advisory Boards of the Kellogg School of Management (1995-2018) and the Archdiocese of Chicago Financial Council (2012-2018). Mr. Moschner received a Bachelor of Engineering degree in Electrical Engineering from The City
College of New York in 1974 and a Master of Science degree in Electrical Engineering from Syracuse University in 1979. Mr. Moschner joined the Board in 2016.
John K. Nelson
Mr. Nelson is currently on the Board of Directors of Core12, LLC. (since
2008), a private firm which develops branding, marketing, and communications strategies for clients. Mr. Nelson has extensive experience in global banking and markets, having served in several senior executive positions with ABN AMRO Holdings
N.V. and its affiliated entities and predecessors, including LaSalle Bank Corporation from 1996 to 2008, ultimately serving as Chief Executive Officer of ABN AMRO N.V. North America. During his tenure at the bank, he also served as Global Head of
its Financial Markets Division, which encompassed the banks Currency, Commodity, Fixed Income, Emerging Markets, and Derivatives businesses. He was a member of the Foreign Exchange Committee of the Federal Reserve Bank of the United States and
during his tenure with ABN AMRO served as the banks representative on various committees of The Bank of Canada, European Central Bank, and The Bank of England. Mr. Nelson previously served as a senior, external advisor to the financial
services practice of Deloitte Consulting LLP (2012-2104). At Fordham University, he served as a director of The Presidents Council (2010- 2019) and previously served as a director of The Curran Center for Catholic American Studies (2009-2018).
He served as a trustee and Chairman of The Board of Trustees of Marian University (2011-2013). Mr. Nelson is a graduate of Fordham University and holds a BA in Economics (1984) and an MBA in Finance (1991). Mr. Nelson joined the Board
in 2013.
Judith M. Stockdale
Ms. Stockdale retired at the end of 2012 as Executive Director of the Gaylord and Dorothy Donnelley Foundation, a private foundation working in land
conservation and artistic vitality in the Chicago region and the Low Country of South Carolina. She is currently a board member of the Land Trust Alliance (since 2013). Her previous positions include Executive Director of the Great Lakes Protection
Fund, Executive Director of Openlands, and Senior Staff Associate at the Chicago Community Trust. She has served on the Advisory Council of the National Zoological Park, the Governors Science Advisory Council (Illinois) and the Nancy Ryerson
Ranney Leadership Grants Program. She has served on the Boards of Brushwood Center, Forefront f/k/a Donors Forum and the U.S. Endowment for Forestry and Communities. Ms. Stockdale, a native of the United Kingdom, has a Bachelor of Science
degree in geography from the University of Durham (UK) and a Master of Forest Science degree from Yale University. Ms. Stockdale joined the Board in 1997.
25
Carole E. Stone
Ms. Stone recently retired from the Board of Directors of the Cboe Global Markets, Inc. (formerly, CBOE Holdings, Inc.) having served from 2010-2020. She previously served on the Boards of the Chicago Board
Options Exchange and C2 Options Exchange, Incorporated. Ms. Stone retired from the New York State Division of the Budget in 2004, having served as its Director for nearly five years and as Deputy Director from 1995 through 1999. She has also
served as the Chair of the New York Racing Association Oversight Board, as Chair of the Public Authorities Control Board, as a Commissioner on the New York State Commission on Public Authority Reform and as a member of the boards of directors of
several New York State public authorities. Ms. Stone has a Bachelor of Arts in Business Administration from Skidmore College. Ms. Stone joined the Board in 2006.
Terence J. Toth
Mr. Toth, the Boards Independent Chair, was a Co-Founding Partner of Promus Capital (2008 to 2017). From 2010 to 2019, he was a Director of Fulcrum IT Services, LLC and from 2008 to 2013, he served as a Director of Legal & General Investment Management
America, Inc. From 2004 to 2007, he was Chief Executive Officer and President of Northern Trust Global Investments, and Executive Vice President of Quantitative Management & Securities Lending from 2000 to 2004. He also formerly served on
the Board of the Northern Trust Mutual Funds. He joined Northern Trust in 1994 after serving as Managing Director and Head of Global Securities Lending at Bankers Trust (1986 to 1994) and Head of Government Trading and Cash Collateral Investment at
Northern Trust from 1982 to 1986. He currently serves on the Boards of Quality Control Corporation (since 2012) and Catalyst Schools of Chicago (since 2008). He is on the Mather Foundation Board (since 2012) and is Chair of its Investment Committee.
Mr. Toth graduated with a Bachelor of Science degree from the University of Illinois, and received his MBA from New York University. In 2005, he graduated from the CEO Perspectives Program at Northwestern University. Mr. Toth joined the
Board in 2008.
Margaret L. Wolff
Ms. Wolff retired from Skadden, Arps, Slate, Meagher & Flom LLP in 2014 after more than 30 years of providing client service in the
Mergers & Acquisitions Group. During her legal career, Ms. Wolff devoted significant time to advising boards and senior management on U.S. and international corporate, securities, regulatory and strategic matters, including governance,
shareholder, fiduciary, operational and management issues. From 2013 to November 2017, she was a board member of Travelers Insurance Company of Canada and The Dominion of Canada General Insurance Company (each of which is a part of Travelers Canada,
the Canadian operation of The Travelers Companies, Inc.). Ms. Wolff has been a trustee of New York-Presbyterian Hospital since 2005 and, since 2004, she has served as a trustee of The John A. Hartford Foundation (a philanthropy dedicated to
improving the care of older adults) where she currently is the Chair. From 2005 to 2015, she was a trustee of Mt. Holyoke College and served as Vice Chair of the Board from 2011 to 2015. Ms. Wolff received her Bachelor of Arts from Mt. Holyoke
College and her Juris Doctor from Case Western Reserve University School of Law. Ms. Wolff joined the Board in 2016.
26
Robert L. Young
Mr. Young has more than 30 years of experience in the investment management industry. From 1997 to 2017, he held various positions with J.P. Morgan Investment Management Inc. (J.P. Morgan
Investment) and its affiliates (collectively, J.P. Morgan). Most recently, he served as Chief Operating Officer and Director of J.P. Morgan Investment (from 2010 to 2016) and as President and Principal Executive Officer of the J.P.
Morgan Funds (from 2013 to 2016). As Chief Operating Officer of J.P. Morgan Investment, Mr. Young led service, administration and business platform support activities for J.P. Morgans domestic retail mutual fund and institutional
commingled and separate account businesses, and co-led these activities for J.P. Morgans global retail and institutional investment management businesses. As President of the J.P. Morgan Funds,
Mr. Young interacted with various service providers to these funds, facilitated the relationship between such funds and their boards, and was directly involved in establishing board agendas, addressing regulatory matters, and establishing
policies and procedures. Before joining J.P. Morgan, Mr. Young, a former Certified Public Accountant (CPA), was a Senior Manager (Audit) with Deloitte & Touche LLP (formerly, Touche Ross LLP), where he was employed from 1985 to 1996.
During his tenure there, he actively participated in creating, and ultimately led, the firms midwestern mutual fund practice. Mr. Young holds a Bachelor of Business Administration degree in Accounting from the University of Dayton and,
from 2008 to 2011, he served on the Investment Committee of its Board of Trustees. Mr. Young joined the Board in 2017.
Board Member Terms.
For each Fund, shareholders will be asked to elect Board Members as each Board Members term expires, and with respect to Board Members elected by holders of Common Shares, such Board Members shall be elected for a term expiring at the time of
the third succeeding annual meeting of shareholders subsequent to their election or thereafter, in each case when their respective successors are duly elected and qualified. These provisions could delay for up to two years the replacement of a
majority of the Board.
27
The Officers
The following table sets forth information with respect to each officer of the Funds. Officers receive no compensation from the Funds. The officers are elected by the Board on an annual basis to serve until
successors are elected and qualified.
|
|
|
|
|
|
|
|
|
|
|
Name, Address
and Year of Birth
|
|
Position(s)
Held
with Fund
|
|
Term of
Office and
Length of
Time
Served(1)
|
|
Principal Occupation(s)
During Past 5 Years(2)
|
|
|
|
|
Cedric H. Antosiewicz
333 West Wacker Drive
Chicago, IL 60606
1962
|
|
Chief Administrative Officer
|
|
Term: Annual
Length of Service:
Since 2007
|
|
Senior Managing Director (since 2017), formerly, Managing Director (2004-2017) of Nuveen Securities, LLC; Senior Managing Director (since 2017), formerly, Managing Director (2014-2017) of
Nuveen Fund Advisors, LLC.
|
|
|
|
|
Nathaniel T. Jones
333 West Wacker Drive
Chicago, IL 60606
1979
|
|
Vice President and Treasurer
|
|
Term: Annual
Length of Service:
Since 2016
|
|
Managing Director (since 2017), formerly, Senior Vice President (2016-2017), formerly, Vice President (2011-2016) of Nuveen; Managing Director (since 2015) of Nuveen Fund Advisors, LLC;
Chartered Financial Analyst.
|
|
|
|
|
Walter M. Kelly
333 West Wacker Drive
Chicago, IL 60606
1970
|
|
Chief Compliance Officer and Vice President
|
|
Term: Annual
Length of Service:
Since 2003
|
|
Managing Director (since 2017), formerly, Senior Vice President (2008-2017) of Nuveen.
|
|
|
|
|
David J. Lamb
333 West Wacker Drive
Chicago, IL 60606
1963
|
|
Vice President
|
|
Term: Annual
Length of Service:
since 2015
|
|
Managing Director (since 2017), formerly, Senior Vice President of Nuveen (2006-2017), Vice President prior to 2006.
|
|
|
|
|
Tina M. Lazar
333 West Wacker Drive
Chicago, IL 60606
1961
|
|
Vice President
|
|
Term: Annual
Length of Service:
Since 2002
|
|
Managing Director (since 2017), formerly, Senior Vice President (2014-2017) of Nuveen Securities, LLC.
|
|
|
|
|
Brian J. Lockhart
333 West Wacker Drive
Chicago, IL 60606
1974
|
|
Vice President
|
|
Term: Annual
Length of Service:
Since 2019
|
|
Managing Director (since 2019) of Nuveen Fund Advisors, LLC; Managing Director (since 2017), formerly, Vice President (2010-2017) of Nuveen; Head of Investment Oversight (since 2017),
formerly, Team Leader of Manager Oversight (2015-2017).
|
28
|
|
|
|
|
|
|
|
|
|
|
Name, Address
and Year of Birth
|
|
Position(s)
Held
with Fund
|
|
Term of
Office and
Length of
Time
Served(1)
|
|
Principal Occupation(s)
During Past 5 Years(2)
|
|
|
|
|
Jacques M. Longerstaey
8500 Andrew Carnegie
Blvd.
Charlotte, NC 28262
1963
|
|
Vice President
|
|
Term: Annual
Length of Service:
Since 2019
|
|
Senior Managing Director, Chief Risk Officer (since May 2019) of Nuveen; Senior Managing Director (since May 2019) of Nuveen Fund Advisors, LLC; formerly, Chief Investment and Model Risk
Officer, Wealth & Investment Management Division, Wells Fargo Bank (NA) (from 2013-2019).
|
|
|
|
|
Kevin J. McCarthy
333 West Wacker Drive
Chicago, IL 60606
1966
|
|
Vice President and Assistant Secretary
|
|
Term: Annual
Length of Service:
Since 2007
|
|
Senior Managing Director (since 2017) and Secretary and General Counsel (since 2016) of Nuveen Investments, Inc., formerly, Executive Vice President (2016-2017) and Managing Director and
Assistant Secretary (2008-2016); Senior Managing Director (since 2017) and Assistant Secretary (since 2008) of Nuveen Securities, LLC, formerly Executive Vice President (2016-2017) and Managing Director (2008-2016); Senior Managing Director (since
2017), Secretary (since 2016) and Co-General Counsel (since 2011) of Nuveen Fund Advisors, LLC, formerly, Executive Vice President (2016-2017), Managing Director (2008-2016) and Assistant Secretary
(2007-2016); Senior Managing Director (since 2017), Secretary (since 2016) and Associate General Counsel (since 2011) of Nuveen Asset Management, LLC, formerly Executive Vice President (2016-2017) and Managing Director and Assistant Secretary (2011-
2016); Senior Managing Director (since 2017) and Secretary (since 2016) of Nuveen Investments Advisers, LLC, formerly Executive Vice President (2016-2017); Vice President (since 2007) and Secretary (since 2016), formerly, Assistant Secretary, of NWQ
Investment Management Company, LLC, Symphony Asset Management LLC, Santa Barbara Asset Management, LLC and Winslow Capital Management, LLC (since 2010); Senior Managing Director (since 2017) and Secretary (since 2016) of Nuveen Alternative
Investments, LLC.
|
29
|
|
|
|
|
|
|
|
|
|
|
Name, Address
and Year of Birth
|
|
Position(s)
Held
with Fund
|
|
Term of
Office and
Length of
Time
Served(1)
|
|
Principal Occupation(s)
During Past 5 Years(2)
|
|
|
|
|
Jon Scott Meissner
TIAA
8500 Andrew Carnegie Boulevard
Charlotte, NC 28262
1973
|
|
Vice President
|
|
Term: Annual
Length of Service:
Since 2019
|
|
Managing Director of Mutual Fund Tax and Financial Reporting (since 2017) of Nuveen; Managing Director (since 2019) of Nuveen Fund Advisors, LLC; Senior Director (since 2016) of Teachers
Advisors, LLC and TIAA-CREF Investment Management, LLC; Senior Director, Mutual Fund Taxation (since 2015) of the TIAA-CREF Funds, the TIAA-CREF Life Funds, the TIAA Separate Account VA-1 and the CREF
Accounts; has held various positions with TIAA since 2004.
|
|
|
|
|
William T. Meyers
333 West Wacker Drive
Chicago, IL 60606
1966
|
|
Vice President
|
|
Term: Annual
Length of Service:
Since 2018
|
|
Senior Managing Director (since 2017), formerly, Managing Director (2016-2017), Senior Vice President (2010-2016) of Nuveen Securities, LLC; Senior Managing Director (since 2016) of Nuveen
Fund Advisors, LLC; Senior Managing Director (since 2017), formerly, Managing Director (2016-2017), Senior Vice President (2010-2016) of Nuveen, has held various positions with Nuveen since 1991.
|
|
|
|
|
Deann D. Morgan
100 Park Avenue
New York, NY 10016
1969
|
|
Vice President
|
|
Term: Annual
Length of Service:
Since 2020
|
|
Co-Chief Executive Officer of Nuveen Securities, LLC (since March 2020); Executive Vice President, Global Head of Product of Nuveen (since November 2019); Managing Member of MDR Collaboratory
LLC (since 2018); Managing Director, Head of Wealth Management Product Structuring & COO Multi Asset Investing of The Blackstone Group (2013-2017).
|
|
|
|
|
Michael A. Perry
333 West Wacker Drive
Chicago, IL 60606
1967
|
|
Vice President
|
|
Term: Annual
Length of Service:
Since 2017
|
|
Executive Vice President (since 2017) of Nuveen Fund Advisors, LLC, previously, Managing Director (2016-2017); Executive Vice President (since 2017) of Nuveen Securities, LLC and of Nuveen
Alternative Investments, LLC; formerly, Managing Director (2010-2015) of UBS Securities, LLC.
|
30
|
|
|
|
|
|
|
|
|
|
|
Name, Address
and Year of Birth
|
|
Position(s)
Held
with Fund
|
|
Term of
Office and
Length of
Time
Served(1)
|
|
Principal Occupation(s)
During Past 5 Years(2)
|
|
|
|
|
Christopher M. Rohrbacher
333 West Wacker Drive
Chicago, IL 60606
1971
|
|
Vice President and Assistant Secretary
|
|
Term: Annual
Length of Service:
Since 2008
|
|
Managing Director (since 2017) and Co-General Counsel (since 2019), formerly, Senior Vice President (2016-2017) and Assistant Secretary (2016-2019) of
Nuveen Fund Advisors, LLC; Managing Director (since 2017) of Nuveen Securities, LLC; Managing Director (since 2017) and Associate General Counsel (since 2016), formerly, Senior Vice President (2012-2017) and Assistant General Counsel (2008-2016) of
Nuveen.
|
|
|
|
|
William A. Siffermann
333 West Wacker Drive
Chicago, IL 60606
1975
|
|
Vice President
|
|
Term: Annual
Length of Service:
Since 2017
|
|
Managing Director (since 2017), formerly, Senior Vice President (2016-2017) and Vice President (2011-2016) of Nuveen.
|
|
|
|
|
E. Scott Wickerham
TIAA
730 Third Avenue
New York, NY 10017
1973
|
|
Vice President and Controller
|
|
Term: Annual
Length of Service:
Since 2019
|
|
Senior Managing Director, Head of Fund Administration of Nuveen (since 2019), formerly, Managing Director; Principal Financial Officer, Principal Accounting Officer and Treasurer (since 2017)
to the TIAA-CREF Funds, the TIAA-CREF Life Funds, the TIAA Separate Account VA-1 and the Treasurer (since 2017) to the CREF Accounts; Senior Director, TIAA-CREF Fund Administration (2014-2015); has held
various positions with TIAA since 2006.
|
|
|
|
|
Mark L. Winget
333 West Wacker Drive
Chicago, IL 60606
1968
|
|
Vice President and Assistant Secretary
|
|
Term: Annual
Length of Service:
Since 2008
|
|
Vice President and Assistant Secretary of Nuveen Securities, LLC (since 2008) and Nuveen Fund Advisors, LLC (since 2019); Vice President (since 2010) and Associate General Counsel (since
2016), formerly, Assistant General Counsel (2008-2016) of Nuveen.
|
31
|
|
|
|
|
|
|
|
|
|
|
Name, Address
and Year of Birth
|
|
Position(s)
Held
with Fund
|
|
Term of
Office and
Length of
Time
Served(1)
|
|
Principal Occupation(s)
During Past 5 Years(2)
|
|
|
|
|
Gifford R. Zimmerman
333 West Wacker Drive
Chicago, IL 60606
1956
|
|
Vice President and Secretary
|
|
Term: Annual
Length of Service: Since 1988
|
|
Managing Director (since 2002) and Assistant Secretary of Nuveen Securities, LLC; Managing Director (since 2002), Assistant Secretary (since 1997) and Co-General Counsel (since 2011) of Nuveen Fund Advisors, LLC; Managing Director (since 2004) and Assistant Secretary (since 1994) of Nuveen Investments, Inc.; Managing Director, Assistant Secretary and Associate
General Counsel of Nuveen Asset Management, LLC (since 2011); Vice President (since 2017), formerly, Managing Director (2003-2017) and Assistant Secretary (since 2003) of Symphony Asset Management LLC; Managing Director and Assistant Secretary
(since 2002) of Nuveen Investments Advisers, LLC; Vice President and Assistant Secretary of NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC (since 2006) and of Winslow Capital Management, LLC (since 2010); Chartered
Financial Analyst.
|
(1)
|
Length of Time Served indicates the year the individual became an officer of a fund in the Nuveen fund complex.
|
(2)
|
Information as of June 1, 2020.
|
Audit Committee Report
The Audit Committee of
each Board is responsible for the oversight and monitoring of (1) the accounting and reporting policies, processes and practices, and the audit of the financial statements, of each Fund, (2) the quality and integrity of the Funds
financial statements and (3) the independent registered public accounting firms qualifications, performance and independence. In its oversight capacity, the Audit Committee reviews each Funds annual financial statements with both
management and the independent registered public accounting firm and the Audit Committee meets periodically with the independent registered public accounting firm and internal auditors to consider their evaluation of each Funds financial and
internal controls. The Audit Committee also selects, retains, evaluates and may replace each Funds independent registered public accounting firm. The Audit Committee is currently composed of five Independent Board Members and operates under a
written charter adopted and approved by each Board. Each Audit Committee member meets the independence and experience requirements, as applicable, of the NYSE, Section 10A of the 1934 Act and the rules and regulations of the SEC.
32
The Audit Committee, in discharging its duties, has met with and held discussions with management and each Funds
independent registered public accounting firm. The Audit Committee has also reviewed and discussed the audited financial statements with management. Management has represented to the independent registered public accounting firm that each
Funds financial statements were prepared in accordance with generally accepted accounting principles. The Audit Committee has also discussed with the independent registered public accounting firm the matters required to be discussed by
Statement on Auditing Standards (SAS) No. 114 (The Auditors Communication With Those Charged With Governance), which supersedes SAS No. 61 (Communication with Audit Committees). Each Funds independent registered
public accounting firm provided to the Audit Committee the written disclosure required by Public Company Accounting Oversight Board Rule 3526 (Communications with Audit Committees Concerning Independence), and the Audit Committee discussed with
representatives of the independent registered public accounting firm their firms independence. As provided in the Audit Committee Charter, it is not the Audit Committees responsibility to determine, and the considerations and discussions
referenced above do not ensure, that each Funds financial statements are complete and accurate and presented in accordance with generally accepted accounting principles.
Based on the Audit Committees review and discussions with management and the independent registered public accounting firm, the representations of management and the report of the independent registered
public accounting firm to the Audit Committee, the Audit Committee has recommended that the audited financial statements be included in each Funds Annual Report.
The current members of the Audit Committee are:
Jack B. Evans
William C. Hunter
John K. Nelson
Carole E. Stone
Judith M. Stockdale
33
Audit and Related Fees. The following tables provide the aggregate fees billed during each Funds last two
fiscal years by each Funds independent registered public accounting firm for engagements directly related to the operations and financial reporting of each Fund including those relating (i) to each Fund for services provided to the Fund
and (ii) to the Adviser and certain entities controlling, controlled by, or under common control with the Adviser that provide ongoing services to each Fund (Adviser Entities).
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Audit Fees(1)
|
|
|
Audit Related Fees(2)
|
|
|
Tax Fees(3)
|
|
|
All Other Fees(4)
|
|
|
|
Fund
|
|
|
Fund
|
|
|
Adviser and
Adviser Entitles
|
|
|
Fund
|
|
|
Adviser and
Adviser Entitles
|
|
|
Fund
|
|
|
Adviser and
Adviser Entitles
|
|
|
|
Fiscal
Year
Ended
2018
|
|
|
Fiscal
Year
Ended
2019
|
|
|
Fiscal
Year
Ended
2018
|
|
|
Fiscal
Year
Ended
2019
|
|
|
Fiscal
Year
Ended
2018
|
|
|
Fiscal
Year
Ended
2019
|
|
|
Fiscal
Year
Ended
2018
|
|
|
Fiscal
Year
Ended
2019
|
|
|
Fiscal
Year
Ended
2018
|
|
|
Fiscal
Year
Ended
2019
|
|
|
Fiscal
Year
Ended
2018
|
|
|
Fiscal
Year
Ended
2019
|
|
|
Fiscal
Year
Ended
2018
|
|
|
Fiscal
Year
Ended
2019
|
|
AMT-Free Credit Income
|
|
$
|
24,610
|
|
|
$
|
24,610
|
|
|
$
|
0
|
|
|
$
|
38,500
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
AMT-Free Value
|
|
|
22,420
|
|
|
|
22,420
|
|
|
|
5,500
|
|
|
|
11,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
AMT-Free Quality Income
|
|
|
24,610
|
|
|
|
24,610
|
|
|
|
0
|
|
|
|
38,500
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Enhanced Value
|
|
|
22,420
|
|
|
|
22,420
|
|
|
|
0
|
|
|
|
2,500
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Credit Income
|
|
|
24,610
|
|
|
|
24,610
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Municipal High Income
|
|
|
27,900
|
|
|
|
27,900
|
|
|
|
4,000
|
|
|
|
5,500
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Municipal Income
|
|
|
22,420
|
|
|
|
22,420
|
|
|
|
5,500
|
|
|
|
5,500
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Municipal Value
|
|
|
22,420
|
|
|
|
22,420
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Quality Income
|
|
|
24,610
|
|
|
|
24,610
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
(1)
|
Audit Fees are the aggregate fees billed for professional services for the audit of the Funds annual financial statements and services
provided in connection with statutory and regulatory filings or engagements.
|
(2)
|
Audit Related Fees are the aggregate fees billed for assurance and related services reasonably related to the performance of the audit or
review of financial statements that are not reported under Audit Fees. These fees include offerings related to the Funds common shares and leverage.
|
(3)
|
Tax Fees are the aggregate fees billed for professional services for tax advice, tax compliance, and tax planning. These fees include: all
global withholding tax services; excise and state tax reviews; capital gain, tax equalization and taxable basis calculation performed by the principal accountant.
|
(4)
|
All Other Fees are the aggregate fees billed for products and services other than Audit Fees, Audit-Related Fees and
Tax Fees. These fees represent all Agreed-Upon Procedures engagements pertaining to the Funds use of leverage.
|
34
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Audit Fees(1)
|
|
|
Audit Related Fees(2)
|
|
|
Tax Fees(3)
|
|
|
All Other Fees(4)
|
|
|
|
Fund
|
|
|
Fund
|
|
|
Adviser and
Adviser Entitles
|
|
|
Fund
|
|
|
Adviser and
Adviser Entitles
|
|
|
Fund
|
|
|
Adviser and
Adviser Entitles
|
|
|
|
Fiscal
Year
Ended
2019
|
|
|
Fiscal
Year
Ended
2020
|
|
|
Fiscal
Year
Ended
2019
|
|
|
Fiscal
Year
Ended
2020
|
|
|
Fiscal
Year
Ended
2019
|
|
|
Fiscal
Year
Ended
2020
|
|
|
Fiscal
Year
Ended
2019
|
|
|
Fiscal
Year
Ended
2020
|
|
|
Fiscal
Year
Ended
2019
|
|
|
Fiscal
Year
Ended
2020
|
|
|
Fiscal
Year
Ended
2019
|
|
|
Fiscal
Year
Ended
2020
|
|
|
Fiscal
Year
Ended
2019
|
|
|
Fiscal
Year
Ended
2020
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
California Select
|
|
$
|
24,750
|
|
|
$
|
25,240
|
|
|
$
|
5,000
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
New York AMT-Free
|
|
|
24,750
|
|
|
|
25,240
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
New York Value 2
|
|
|
22,560
|
|
|
|
23,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
New York Value
|
|
|
22,560
|
|
|
|
23,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
New York Quality Income
|
|
|
24,750
|
|
|
|
25,240
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
New York Select
|
|
|
24,750
|
|
|
|
25,240
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Select Maturities
|
|
|
21,410
|
|
|
|
21,830
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Select Tax-Free
|
|
|
24,750
|
|
|
|
25,240
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Select Tax-Free 2
|
|
|
24,750
|
|
|
|
25,240
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Select Tax-Free 3
|
|
|
24,750
|
|
|
|
25,240
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Taxable Income
|
|
|
33,040
|
|
|
|
28,590
|
|
|
|
10,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
(1)
|
Audit Fees are the aggregate fees billed for professional services for the audit of the Funds annual financial statements and services
provided in connection with statutory and regulatory filings or engagements.
|
(2)
|
Audit Related Fees are the aggregate fees billed for assurance and related services reasonably related to the performance of the audit or
review of financial statements that are not reported under Audit Fees. These fees include offerings related to the Funds Common Shares and leverage.
|
(3)
|
Tax Fees are the aggregate fees billed for professional services for tax advice, tax compliance, and tax planning. These fees include: all
global withholding tax services; excise and state tax reviews; capital gain, tax equalization and taxable basis calculation performed by the principal accountant.
|
(4)
|
All Other Fees are the aggregate fees billed for products and services other than Audit Fees, Audit-Related Fees and
Tax Fees. These fees represent all Agreed-Upon Procedures engagements pertaining to the Funds use of leverage.
|
35
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Non-Audit Fees
Billed to
Fund
|
|
|
Total Non-Audit Fees
Billed to
Adviser and
Adviser Entities
(Engagements Related
Directly to the Operations
and Financial Reporting
of Fund)
|
|
|
Total Non-Audit Fees
Billed to
Adviser and
Adviser Entities
(All Other Engagements)
|
|
|
Total
|
|
|
|
Fiscal Year
Ended 2018
|
|
|
Fiscal Year
Ended 2019
|
|
|
Fiscal Year
Ended 2018
|
|
|
Fiscal Year
Ended 2019
|
|
|
Fiscal Year
Ended 2018
|
|
|
Fiscal Year
Ended 2019
|
|
|
Fiscal Year
Ended 2018
|
|
|
Fiscal Year
Ended 2019
|
|
AMT-Free Credit Income
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
AMT-Free Value
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
AMT-Free Quality Income
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Enhanced Value
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Credit Income
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Municipal High Income
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Municipal Income
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Municipal Value
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Quality Income
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Non-Audit Fees
Billed to
Fund
|
|
|
Total Non-Audit Fees
Billed to Adviser
and
Adviser Entities
(Engagements Related
Directly to the Operations
and Financial Reporting
of Fund)
|
|
|
Total Non-Audit Fees
Billed to Adviser
and
Adviser Entities
(All Other Engagements)
|
|
|
Total
|
|
|
|
Fiscal Year
Ended 2019
|
|
|
Fiscal Year
Ended 2020
|
|
|
Fiscal Year
Ended 2019
|
|
|
Fiscal Year
Ended 2020
|
|
|
Fiscal Year
Ended 2019
|
|
|
Fiscal Year
Ended 2020
|
|
|
Fiscal Year
Ended 2019
|
|
|
Fiscal Year
Ended 2020
|
|
California Select
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
New York AMT-Free
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
New York Value 2
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
New York Value
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
New York Quality Income
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
New York Select
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Select Maturities
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Select Tax-Free
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Select Tax-Free 2
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Select Tax-Free 3
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Taxable Income
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
36
Audit Committee Pre-Approval Policies and Procedures. Generally, the
Audit Committee must approve each Funds independent registered public accounting firms engagements (i) with the Fund for audit or non-audit services and (ii) with the Adviser and Adviser
Entities for non-audit services if the engagement relates directly to the operations and financial reporting of the Fund. Regarding tax and research projects conducted by the independent registered public
accounting firm for each Fund and the Adviser and Adviser Entities (with respect to the operations and financial reporting of each Fund), such engagements will be (i) pre-approved by the Audit Committee
if they are expected to be for amounts greater than $10,000; (ii) reported to the Audit Committee chairman for her verbal approval prior to engagement if they are expected to be for amounts under $10,000 but greater than $5,000; and
(iii) reported to the Audit Committee at the next Audit Committee meeting if they are expected to be for an amount under $5,000.
The Audit
Committee has approved in advance all audit services and non-audit services that the independent registered public accounting firm provided to each Fund and to the Adviser and Adviser Entities (with respect to
the operations and financial reporting of each Fund). None of the services rendered by the independent registered public accounting firm to each Fund or the Adviser or Adviser Entities were pre-approved by the
Audit Committee pursuant to the pre-approval exception under Rule 2-01(c)(7)(i)(C) or Rule 2-01(c)(7)(ii) of Regulation S-X.
Additional Information
Appointment of the Independent Registered Public Accounting Firm
The Board of each Fund has appointed KPMG LLP
(KPMG) as independent registered public accounting firm to audit the books and records of the Fund for its current fiscal year. A representative of KPMG will be present at the Annual Meetings to make a statement, if such representative
so desires, and to respond to shareholders questions. KPMG has informed each Fund that it has no direct or indirect material financial interest in the Funds, Nuveen, the Adviser or any other investment company sponsored by Nuveen.
Information About the Adviser
The Adviser, located at 333
West Wacker Drive, Chicago, Illinois 60606, serves as investment adviser and manager for each Fund. The Adviser is an indirect subsidiary of Nuveen, LLC, the investment management arm of Teachers Insurance and Annuity Association of America
(TIAA). TIAA is a life insurance company founded in 1918 by the Carnegie Foundation for the Advancement of Teaching and is the companion organization of College Retirement Equities Fund.
Shareholder Proposals
To be considered for presentation at
the annual meeting of shareholders for the Funds to be held in 2021, shareholder proposals submitted pursuant to Rule 14a-8 of the 1934 Act must be received at the offices of that Fund, 333 West Wacker Drive,
Chicago, Illinois 60606, not later than March 2, 2021. A shareholder wishing to provide notice in the manner prescribed by Rule 14a-4(c)(1) of a proposal submitted outside of the process of Rule 14a-8 for the annual meeting must, pursuant to each Funds By-Laws, submit such written notice to the Fund not later
37
than May 16, 2021 or prior to May 1, 2021. Timely submission of a proposal does not mean that such proposal will be included in a proxy statement. Copies of the By-Laws of each Fund are available on the EDGAR Database on the SECs website at www.sec.gov.
Shareholder
Communications
Fund shareholders who want to communicate with the Board or any individual Board Member should write to the attention of William
Siffermann, Manager of Fund Board Relations, Nuveen, 333 West Wacker Drive, Chicago, Illinois 60606. The letter should indicate that you are a Fund shareholder and note the Fund or Funds that you own. If the communication is intended for a specific
Board Member and so indicates, it will be sent only to that Board Member. If a communication does not indicate a specific Board Member, it will be sent to the Independent Chairman and the outside counsel to the Independent Board Members for further
distribution as deemed appropriate by such persons.
Expenses of Proxy Solicitation
The cost of preparing, printing and mailing the enclosed proxy, accompanying notice and proxy statement and all other costs in connection with the solicitation of proxies will be paid by the Funds pro rata based on
the number of shareholder accounts. Additional solicitation may be made by letter or telephone by officers or employees of Nuveen or the Adviser, or by dealers and their representatives. Any additional costs of solicitation will be paid by the Fund
that requires additional solicitation.
Fiscal Year
The last fiscal year end for AMT-Free Credit Income, AMT-Free Value, AMT-Free Quality Income,
Enhanced Value, Credit Income, Municipal High Income, Municipal Income, Municipal Value and Quality Income was October 31, 2019. The last fiscal year end for New York AMT-Free, New York Value 2, New York
Value and New York Quality Income was February 29, 2020. The last fiscal year end for California Select, New York Select, Select Maturities, Select Tax-Free, Select
Tax-Free 2, Select Tax-Free 3 and Taxable Income was March 31, 2020.
Shareholder Report Delivery
Shareholder reports will be
sent to shareholders of record of each Fund following the applicable period. Each Fund will furnish, without charge, a copy of its annual report and/or semi-annual report as available upon request. Such written or oral requests should be directed to
such Fund at 333 West Wacker Drive, Chicago, Illinois 60606 or by calling 1-800-257-8787.
Important Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting To Be Held on August 5, 2020:
Each Funds proxy statement is available at
http://www.nuveenproxy.com/Closed-End-Fund-Proxy-Information/. For more information, shareholders may also contact the applicable Fund at the address and phone number
set forth above.
38
Please note that only one annual report, semi-annual report or proxy statement may be delivered to two or more
shareholders of a Fund who share an address, unless the Fund has received instructions to the contrary. To request a separate copy of an annual report, semi-annual report or proxy statement, or for instructions as to how to request a separate copy
of such documents or as to how to request a single copy if multiple copies of such documents are received, shareholders should contact the applicable Fund at the address and phone number set forth above.
General
Management does not intend to present and
does not have reason to believe that any other items of business will be presented at the Annual Meetings. However, if other matters are properly presented to the Annual Meetings for a vote, the proxies will be voted by the persons acting under the
proxies upon such matters in accordance with their judgment of the best interests of the Fund.
A list of shareholders entitled to be present and to vote
at each Annual Meeting will be available beginning ten days prior to the date of the Annual Meeting for inspection by any shareholder for any legally valid purpose related to the Annual Meetings. Shareholders interested in inspecting the list of
shareholders for their respective Fund(s) should contact (800) 257-8787 for additional information. To email the Fund(s), please visit www.nuveen.com/contact-us.
Failure of a quorum to be present at any Annual Meeting will necessitate adjournment and will subject that Fund to additional expense. The persons named
in the enclosed proxy may also move for an adjournment of any Annual Meeting to permit further solicitation of proxies with respect to the proposal if they determine that adjournment and further solicitation is reasonable and in the best interests
of that Fund. Under each Funds By-Laws, an adjournment of a meeting with respect to a matter requires the affirmative vote of a majority of the shares entitled to vote on the matter present in-person (virtually) or represented by proxy at the meeting.
IF YOU CANNOT BE PRESENT AT THE VIRTUAL MEETING, YOU
ARE REQUESTED TO FILL IN, SIGN AND RETURN THE ENCLOSED PROXY PROMPTLY. NO POSTAGE IS REQUIRED IF MAILED IN THE UNITED STATES.
Gifford R. Zimmerman
Vice President and Secretary
June 26, 2020
39
APPENDIX A
Beneficial Ownership
The following table lists the dollar range of equity securities beneficially
owned by each Board Member/nominee in each Fund and in all Nuveen funds overseen by the Board Member/nominee as of May 31, 2020. The information as to beneficial ownership is based on statements furnished by each Board Member/nominee.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dollar Range of Equity Securities
|
Board Members/Nominees
|
|
AMT-Free
Credit Income
|
|
AMT-Free
Value
|
|
AMT-Free
Quality Income
|
|
California
Select
|
|
Enhanced
Value
|
|
Credit Income
|
|
Municipal High
Income
|
|
Municipal
Income
|
|
Municipal
Value
|
|
New York
AMT-Free
|
|
|
|
|
|
|
|
Board Members/Nominees who are not interested persons of the Funds
|
|
|
|
|
|
|
|
|
|
|
|
|
Jack B. Evans
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
William C. Hunter
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
Albin F. Moschner
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
John K. Nelson
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
Judith M. Stockdale
|
|
$0
|
|
$0
|
|
$50,001-$100,000
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
Carole E. Stone
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
Terence J. Toth
|
|
$10,001-$50,000
|
|
$0
|
|
$50,001-$100,000
|
|
$0
|
|
$0
|
|
$10,001-$50,000
|
|
$10,001-$50,000
|
|
$0
|
|
$0
|
|
$0
|
Margaret L. Wolff
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
Robert L. Young
|
|
$0
|
|
Over $100,000
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
Over $100,000
|
|
$0
|
|
$0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dollar Range of Equity Securities
|
Board Members/Nominees
|
|
New York
Value 2
|
|
New York
Value
|
|
New York
Quality
Income
|
|
New York
Select
|
|
Quality
Income
|
|
Select
Maturities
|
|
Select
Tax-Free
|
|
Select
Tax-Free 2
|
|
Select
Tax-Free 3
|
|
Taxable
Income
|
|
Aggregate Range of Equity Securities in All
Registered Investment Companies
Overseen in Family
of
Investment Companies(1)
|
|
Board Members/Nominees who are not interested persons of the Funds
|
Jack B. Evans
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
Over $100,000
|
William C. Hunter
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
Over $100,000
|
Albin F. Moschner
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
Over $100,000
|
John K. Nelson
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
Over $100,000
|
Judith M. Stockdale
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
10,001-$50,000
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
Over $100,000
|
Carole E. Stone
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
Over $100,000
|
Terence J. Toth
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
Over $100,000
|
Margaret L. Wolff
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
Over $100,000
|
Robert L. Young
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
$0
|
|
Over $100,000
|
(1)
|
The amounts reflect the aggregate dollar range of equity securities of the number of shares beneficially owned by the Board Member/nominee in the Funds
and in all Nuveen funds overseen by each Board Member/nominee.
|
A-1
The following table sets forth, for each Board Member/nominee and for the Board Member/nominees and officers as a
group, the amount of shares beneficially owned in each Fund as of May 31, 2020. The information as to beneficial ownership is based on statements furnished by each Board Member/nominee and officer.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fund Shares Owned By Board Members And
Officers(1)
|
Board Members/Nominees
|
|
AMT-Free
Credit Income
|
|
AMT-Free
Value
|
|
AMT-Free
Quality Income
|
|
California
Select
|
|
Enhanced
Value
|
|
Credit
Income
|
|
Municipal
High Income
|
|
Municipal
Income
|
|
Municipal
Value
|
|
Board Members/Nominees who are not interested persons of the Funds
|
Jack B. Evans
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
William C. Hunter
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
Albin F. Moschner
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
John K. Nelson
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
Judith M. Stockdale
|
|
0
|
|
0
|
|
3,578
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
Carole E. Stone
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
Terence J. Toth
|
|
1,277
|
|
0
|
|
4,566
|
|
0
|
|
0
|
|
1,300
|
|
1,838
|
|
0
|
|
0
|
Margaret L. Wolff
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
Robert L. Young
|
|
0
|
|
6,490
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
9,582
|
|
0
|
All Board Members/Nominees and Officers as a Group
|
|
1,277
|
|
6,490
|
|
11,861
|
|
0
|
|
0
|
|
5,984
|
|
4,892
|
|
9,582
|
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fund Shares Owned By Board Members And
Officers(1)
|
Board Members/Nominees
|
|
New York
AMT-Free
|
|
New York
Value 2
|
|
New York
Value
|
|
New York
Quality Income
|
|
New York
Select
|
|
Quality
Income
|
|
Select
Maturities
|
|
Select
Tax-Free
|
|
Select
Tax-Free 2
|
|
Select
Tax-Free 3
|
|
Taxable
Income
|
|
Board Members/Nominees who are not interested persons of the Funds
|
Jack B. Evans
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
William C. Hunter
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
Albin F. Moschner
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
John K. Nelson
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
Judith M. Stockdale
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
1,582
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
Carole E. Stone
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
Terence J. Toth
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
Margaret L. Wolff
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
Robert L. Young
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
|
0
|
All Board Members/Nominees and Officers as a Group
|
|
0
|
|
0
|
|
0
|
|
0]
|
|
0
|
|
7,607
|
|
0
|
|
0
|
|
0
|
|
0
|
|
362
|
(1)
|
The numbers include share equivalents of certain Nuveen funds in which the Board Member/nominee is deemed to be invested pursuant to the Deferred
Compensation Plan for Independent Board Members as more fully described in the Proxy Statement.
|
A-2
APPENDIX B
List of Beneficial Owners Who Own More Than 5% of Any Class of Shares in Any Fund
The following chart lists each shareholder or group of shareholders who beneficially owned more than 5% of any class of shares for each Fund as
of June 8, 2020*:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fund and Class
|
|
Shareholder Name and Address
|
|
Number of
Shares Owned
|
|
|
Percentage
Owned
|
|
|
|
|
|
AMT-Free Credit Income
AMTP Shares (Series 2028)
|
|
Wells Fargo Bank, NA(a)
420 Montgomery Street
San Francisco, California 94104
Wells Fargo Municipal Capital Strategies, LLC(a)
375 Park Avenue
New York, New York 10152
|
|
|
1,120
|
|
|
|
100.00
|
%
|
|
|
|
|
AMT-Free Value
Common Shares
|
|
First Trust Portfolios L.P.(b)
First Trust Advisors L.P.(b)
The Charger Corporation(b)
120 East Liberty
Drive, Suite 400
Wheaton, Illinois 60187
|
|
|
831,697
|
|
|
|
5.36
|
%
|
|
|
|
|
AMT-Free Quality Income
AMTP Shares (Series 2028)
|
|
Bank of America Corporation(c)
100 North Tryon Street
Charlotte, North Carolina 28255
Banc of America Preferred Funding Corporation(c)
214 North Tryon Street
Charlotte, North Carolina 28255
|
|
|
1,435
|
|
|
|
100.00
|
%
|
|
|
|
|
California Select
Common Shares
|
|
First Trust Portfolios L.P.(b)
First Trust Advisors L.P.(b)
The Charger Corporation(b)
120 East Liberty
Drive, Suite 400
Wheaton, Illinois 60187
|
|
|
600,956
|
|
|
|
9.46
|
%
|
|
|
|
|
Municipal High Income
AMTP Shares (Series 2028)
|
|
Bank of America Corporation(c)
100 North Tryon Street
Charlotte, North Carolina 28255
Banc of America Preferred Funding Corporation(c)
214 North Tryon Street
Charlotte, North Carolina 28255
|
|
|
870
|
|
|
|
100.00
|
%
|
|
|
|
|
New York AMT-Free
Common Shares
|
|
Karpus Investment Management
183 Sullys
Trail
Pittsford, New York 14534
|
|
|
7,279,895
|
|
|
|
8.40
|
%
|
|
|
|
|
New York Quality Income
AMTP Shares (Series 2028)
|
|
Bank of America Corporation(c)
100 North Tryon Street
Charlotte, North Carolina 28255
Banc of America Preferred Funding Corporation(c)
214 North Tryon Street
Charlotte, North Carolina 28255
|
|
|
1,470
|
|
|
|
100.00
|
%
|
B-1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fund and Class
|
|
Shareholder Name and Address
|
|
Number of
Shares Owned
|
|
|
Percentage
Owned
|
|
|
|
|
|
New York Value 2
|
|
Karpus Investment Management
183 Sullys
Trail
Pittsford, New York 14534
|
|
|
159,988
|
|
|
|
6.80
|
%
|
|
|
|
|
New York Value
|
|
First Trust Portfolios L.P.(b)
First Trust Advisors L.P.(b)
The Charger Corporation(b)
120 East Liberty
Drive, Suite 400
Wheaton, Illinois 60187
|
|
|
892,620
|
|
|
|
5.86
|
%
|
|
|
|
|
Quality Income
AMTP Shares (Series 2028)
|
|
Bank of America Corporation(c)
100 North Tryon Street
Charlotte, North Carolina 28255
Banc of America Preferred Funding Corporation(c)
214 North Tryon Street
Charlotte, North Carolina 28255
|
|
|
3,370
|
|
|
|
100.00
|
%
|
|
|
|
|
Quality Income
AMTP Shares (Series 2028-1)
|
|
Bank of America Corporation(c)
100 North Tryon Street
Charlotte, North Carolina 28255
Banc of America Preferred Funding Corporation(c)
214 North Tryon Street
Charlotte, North Carolina 28255
|
|
|
2,085
|
|
|
|
100.00
|
%
|
*
|
The information contained in this table is based on Schedule 13D and 13G filings made on or before June 8, 2020.
|
(a)
|
Wells Fargo & Company filed Schedule 13G on its own behalf and on behalf of its subsidiaries, Wells Fargo Bank, NA and W Wells Fargo Municipal
Capital Strategies, LLC. Aggregate beneficial ownership reported by Wells Fargo & Company is on a consolidated basis and includes any beneficial ownership separately reported by a subsidiary.
|
(b)
|
First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation filed their Schedule 13G jointly and did not differentiate holdings
as between each entity.
|
(c)
|
Bank of America Corporation and Banc of America Preferred Fund Corporation filed their Schedule 13D jointly and did not differentiate holdings as
between each entity.
|
VRDP Shares are designed to be eligible for purchase by money market funds. Information with respect to aggregate
holdings of these VRDP Shares associated with fund complexes identified by the remarketing agents as holding greater than 5% of the outstanding VRDP Shares of a Fund, including the number of VRDP Shares associated with the fund complex and
percentage of total outstanding, is as follows: AMT-Free Credit Income (Series 1): BlackRock (190 shares (10.61%)), JP Morgan (350 shares (19.55%)); AMT-Free Credit Income (Series 5): JP Morgan (1,470 shares (43.17%)); AMT-Free Quality Income
(Series 1): Vanguard (2,190 shares (100.00%)); AMT-Free Quality Income (Series 2): JP Morgan (920 shares (70.28%)); AMT-Free Quality Income (Series 3): JP Morgan (1,785 shares (50.87%)), Vanguard (1,634 shares (46.57%)); AMT-Free Quality Income
(Series 4): Schwab (319 shares (6.52%)), Federated (1,210 shares (24.72%)), JP Morgan (586 shares (11.97%)), Vanguard (2,680 shares (54.75%); AMT-Free Quality Income (Series 5): BlackRock (150 shares (15.00%)), Federated (200 shares (20.00%)), JP
Morgan (300 shares (30.00%)), Vanguard (350 shares (35.00%)); Credit Income (Series 3): Vanguard (1,960 shares (100.00%)); New York AMT-Free (Series 1):
B-2
JP Morgan (186 shares (16.56%)); New York AMT-Free (Series 2): JP Morgan (166 shares (10.07%)); New York AMT-Free (Series 3): JP Morgan (432 shares (26.72%)); New York AMT-Free (Series 5):
BlackRock (300 shares (17.14%)), Schwab (400 shares (22.86%)), Federated (100 shares (5.71%)), JP Morgan (400 shares (22.86%)), Vanguard (550 shares (31.43%)); New York Quality Income (Series 1): JP Morgan (205 shares (23.03%)), Vanguard (685 shares
(76.97%)); Quality Income (Series 1): Schwab (431 shares (18.20%)), Federated (657 shares (27.74%)), JP Morgan (1,230 shares (51.94%)); Quality Income (Series 2): Schwab (482 shares (18.02%)), Federated (450 shares (16.82%)), JP Morgan (1,719 shares
(64.26%)); Quality Income (Series 3): Schwab (415 shares (32.50%)), Federated (620 shares (48.55%)), JP Morgan (242 shares (18.95%)). Based on information provided by the remarketing agent for the VRDP Shares of AMT-Free Credit Income (Series 1),
AMT-Free Credit Income (Series 2), AMT-Free Credit Income (Series 4), AMT-Free Credit Income (Series 5), AMT-Free Credit Income (Series 6), AMT-Free Quality Income (Series 2), New York AMT-Free (Series 1), New York AMT-Free (Series 2), New York
AMT-Free (Series 3), money market funds within certain fund complexes may hold, in the aggregate, greater than 5% of the outstanding VRDP Shares of the Funds, and individual money market funds within such complexes may beneficially own an
indeterminable amount of VRDP Shares exceeding 5% of the outstanding VRDP Shares of the Funds.
MFP Shares are designed to be eligible for purchase by
institutional investors. With confirmation of the holders of each series of MFP Shares, information with respect to aggregate holdings of MFP Shares associated with shareholders (number of MFP Shares and percentage of total outstanding) is as
follows: AMT-Free Credit Income (Series B): Baird (10,000 shares (5.00%)), BMO Harris (21,320 shares (10.66%)), Federated (50,000 shares (25.00%)), Vanguard (88,405 shares (44.20%)), Wells Fargo (25,000 shares (12.50%)); AMT-Free Quality Income
(Series D): Deutsche Bank (11,700 shares (5.85%)), JP Morgan (46,800 shares (23.40%)), Vanguard (123,000 shares (61.50%)); New York AMT-Free (Series A): Federated (315 shares (39.38%)), MacKay Shields (47 shares (5.88%)), Morgan Stanley (50 shares
(6.25%)), Wells Fargo (350 shares (43.75%)).
B-3
APPENDIX C
NUMBER OF BOARD AND COMMITTEE MEETINGS
HELD DURING EACH FUNDS LAST
FISCAL YEAR
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fund
|
|
Regular
Board
Meeting
|
|
|
Special
Board
Meeting
|
|
|
Executive
Committee
Meeting
|
|
|
Dividend
Committee
Meeting
|
|
|
Compliance, Risk
Management
and Regulatory
Oversight
Committee
Meeting
|
|
|
Audit
Committee
Meeting
|
|
|
Nominating
and
Governance
Committee
Meeting
|
|
|
Closed-
End Funds
Committee
|
|
|
|
|
|
|
|
|
|
|
AMT-Free Credit Income
|
|
|
6
|
|
|
|
9
|
|
|
|
2
|
|
|
|
4
|
|
|
|
6
|
|
|
|
4
|
|
|
|
6
|
|
|
|
4
|
|
AMT-Free Value
|
|
|
6
|
|
|
|
9
|
|
|
|
0
|
|
|
|
4
|
|
|
|
6
|
|
|
|
4
|
|
|
|
6
|
|
|
|
4
|
|
AMT-Free Quality Income
|
|
|
6
|
|
|
|
9
|
|
|
|
1
|
|
|
|
4
|
|
|
|
6
|
|
|
|
4
|
|
|
|
6
|
|
|
|
4
|
|
California Select
|
|
|
6
|
|
|
|
11
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
Enhanced Value
|
|
|
6
|
|
|
|
9
|
|
|
|
0
|
|
|
|
4
|
|
|
|
6
|
|
|
|
4
|
|
|
|
6
|
|
|
|
4
|
|
Credit Income
|
|
|
6
|
|
|
|
9
|
|
|
|
1
|
|
|
|
4
|
|
|
|
6
|
|
|
|
4
|
|
|
|
6
|
|
|
|
4
|
|
Municipal High Income
|
|
|
6
|
|
|
|
9
|
|
|
|
0
|
|
|
|
4
|
|
|
|
6
|
|
|
|
4
|
|
|
|
6
|
|
|
|
4
|
|
Municipal Income
|
|
|
6
|
|
|
|
9
|
|
|
|
0
|
|
|
|
4
|
|
|
|
6
|
|
|
|
4
|
|
|
|
6
|
|
|
|
4
|
|
Municipal Value
|
|
|
6
|
|
|
|
9
|
|
|
|
0
|
|
|
|
4
|
|
|
|
6
|
|
|
|
4
|
|
|
|
6
|
|
|
|
4
|
|
New York AMT-Free
|
|
|
6
|
|
|
|
9
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
New York Value 2
|
|
|
6
|
|
|
|
9
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
New York Value
|
|
|
6
|
|
|
|
9
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
New York Quality Income
|
|
|
6
|
|
|
|
9
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
New York Select
|
|
|
6
|
|
|
|
11
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
Quality Income
|
|
|
6
|
|
|
|
9
|
|
|
|
1
|
|
|
|
4
|
|
|
|
6
|
|
|
|
4
|
|
|
|
6
|
|
|
|
4
|
|
Select Maturities
|
|
|
6
|
|
|
|
11
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
Select Tax-Free
|
|
|
6
|
|
|
|
11
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
Select Tax-Free 2
|
|
|
6
|
|
|
|
11
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
Select Tax-Free 3
|
|
|
6
|
|
|
|
11
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
Taxable Income
|
|
|
6
|
|
|
|
11
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
C-1
Nuveen
333 West Wacker Drive
Chicago, IL 60606-1286
(800) 257-8787
NUVEEN FUNDS THIS PROXY IS SOLICITED BY THE BOARD OF THE FUND FOR AN ANNUAL MEETING OF SHAREHOLDERS, AUGUST 5, 2020 COMMON SHARES
The Annual Meeting of Shareholders will be held Wednesday, August 5, 2020 at 11:30 a.m. Central time virtually at the following Website: www.meetingcenter.io/25870599. At this meeting, you will be asked to vote on the election of board members
as described in the proxy statement attached. The undersigned, revoking previous proxies, hereby appoints Kevin J. McCarthy, Mark L. Winget and Gifford R. Zimmerman, and each of them, with full power of substitution, proxies for the undersigned, to
represent and vote the shares of the undersigned at the Annual Meeting of Shareholders to be held on Wednesday, August 5, 2020, or any adjournment(s) thereof. To participate in the Virtual Meeting enter the
14-digit control number from the shaded box on this card. The Password for this meeting is NUVA2020. WHETHER OR NOT YOU PLAN TO PARTICIPATE IN THE VIRTUAL MEETING, PLEASE COMPLETE, DATE AND SIGN YOUR PROXY
CARD AND RETURN IT IN THE ENCLOSED ENVELOPE SO THAT YOUR VOTE WILL BE COUNTED. AS AN ALTERNATIVE, PLEASE CONSIDER VOTING BY TELEPHONE AT
1-800-337-3503 OR OVER THE INTERNET (www.proxy-direct.com). IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS for
the Annual Meeting of Shareholders on August 5, 2020. The Joint Proxy Statement for this meeting is available at:
http://www.nuveenproxy.com/Closed-End-Fund-Proxy-Information/ DO NOT TEAR NUV_31424_062420 FUNDS FUNDS FUNDS Nuveen AMT-Free
Municipal Credit Income Fund Nuveen AMT-Free Municipal Value Fund Nuveen AMT-Free Quality Municipal Income Fund Nuveen California Select
Tax-Free Income Portfolio Nuveen Enhanced Municipal Value Fund Nuveen Municipal Credit Income Fund Nuveen Municipal High Income Opportunity Fund Nuveen Municipal Income Fund, Inc. Nuveen Municipal Value Fund,
Inc. Nuveen New York AMT-Free Quality Muni Income Fund Nuveen New York Municipal Value Fund 2 Nuveen New York Municipal Value Fund, Inc. Nuveen New York Quality Muni Income Fund Nuveen New York Select Tax-Free Income Portfolio Nuveen Quality Municipal Income Fund Nuveen Select Maturities Municipal Fund Nuveen Select Tax-Free Income Portfolio Nuveen Select Tax-Free Income Portfolio 2 Nuveen Select Tax-Free Income Portfolio 3 Nuveen Taxable Municipal Income Fund VOTING OPTIONS Read your proxy statement and have it at hand when
voting. VOTE ON THE INTERNET Log on to: www.proxy-direct.com or scan the QR code Follow the on-screen instructions available 24 hours VOTE BY PHONE Call 1-800-337-3503 Follow the recorded instructions available 24 hours VOTE BY MAIL Vote, sign and date this Proxy Card and return it in the postage-paid envelope. VOTE AT
THE VIRTUAL MEETING at the following Website: www.meetingcenter.io/25870599, on August 5, 2020 at 11:30 a.m. Central Time. To participate in the Virtual Meeting, enter the 14-digit control number from the
shaded box on this card. The Password for this meeting is NUVA2020. . xxxxxxxxxxxxxx code
THE BOARD OF DIRECTORS/TRUSTEES RECOMMENDS THAT YOU VOTE FOR THE PROPOSALS. In their discretion, the proxy holders are
authorized to vote upon such other matters as may properly come before the Annual Meeting or any adjournment(s) postponement(s) thereof. Properly executed proxies will be voted as specified. If no other specification is made, such shares will be
voted FOR the proposal(s). TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS SHOWN IN THIS EXAMPLE: X A Proposals 1a. Election of Board Members: To withhold authority to vote for any individual nominee(s) mark the box FOR ALL
EXCEPT and write the nominee number(s) on the line provided. Class I: 01. John K. Nelson 02. Terence J. Toth 03. Robert L. Young FOR WITHHOLD FOR ALL ALL ALL EXCEPT 01 Nuveen Municipal Income Fund, Inc. 1b. Election of Board Members: To
withhold authority to vote for any individual nominee(s) mark the box FOR ALL EXCEPT and write the nominee number(s) on the line provided. Class II: 01. John K. Nelson 02. Terence J. Toth 03. Robert L. Young FOR WITHHOLD FOR ALL ALL
ALL EXCEPT 01 Nuveen AMT-Free Municipal Value Fund 02 Nuveen California Select Tax-Free Income Portfolio 03 Nuveen Enhanced Municipal Value Fund 04 Nuveen Municipal
Value Fund, Inc. 05 Nuveen New York Municipal Value Fund 2 06 Nuveen New York Municipal Value Fund, Inc. 07 Nuveen New York Select Tax-Free Income Portfolio 08 Nuveen Select Maturities Municipal Fund 09 Nuveen
Select Tax-Free Income Portfolio 10 Nuveen Select Tax-Free Income Portfolio 2 11 Nuveen Select Tax-Free Income Portfolio 3 12
Nuveen Taxable Municipal Income Fund 1c. Election of Board Members: To withhold authority to vote for any individual nominee(s) mark the box FOR ALL EXCEPT and write the nominee number(s) on the line provided. Class II: 01. John K.
Nelson 02. Terence J. Toth 03. Robert L. Young FOR WITHHOLD FOR ALL ALL ALL EXCEPT 01 Nuveen AMT-Free Municipal Credit Income Fund 02 Nuveen AMT-Free Quality Municipal
Income Fund 03 Nuveen Municipal Credit Income Fund 04 Nuveen Municipal High Income Opportunity Fund 05 Nuveen New York AMT-Free Quality Muni Income Fund 06 Nuveen New York Quality Muni Income Fund 07 Nuveen
Quality Municipal Income Fund B Authorized Signatures This section must be completed for your vote to be counted. Sign and Date Below Note: Please sign exactly as your name(s) appear(s) on this proxy card, and date it. When shares are
held jointly, each holder should sign. When signing as attorney, executor, administrator, trustee, guardian, officer of corporation or other entity or in another representative capacity, please give the full title under the signature. Date
(mm/dd/yyyy) Please print date below Signature 1 Please keep signature within the box Signature 2 Please keep signature within the box / / Scanner bar code xxxxxxxxxxxxxx NUV 31424 M xxxxxxxx
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