Form 424B3 - Prospectus [Rule 424(b)(3)]
September 20 2024 - 12:33PM
Edgar (US Regulatory)
Nuveen
Municipal Income Fund, Inc. (NYSE: NMI)
(the
“Fund”)
Supplement
Dated September 20, 2024
to
the Fund’s Prospectus Supplement Dated June 4, 2024
(the
“Prospectus Supplement”)
Effective
September 20, 2024, the compensation to be paid to Nuveen Securities, LLC (“Nuveen”), pursuant to the distribution agreement
between the Fund and Nuveen, and the compensation to be paid to Stifel, Nicolaus & Company, Incorporated (“Stifel Nicolaus”),
pursuant to the selected dealer agreement between Nuveen and Stifel with respect to the Fund, has changed. Accordingly, effective September
20, 2024, the Prospectus Supplement is amended as follows:
| 1. | The
third paragraph on the cover of the Prospectus Supplement is hereby deleted and replaced
with the following: |
The
Fund will compensate Nuveen Securities with respect to sales of Common Stock at a variable commission rate. The variable commission rate
shall be equal to the sum of (i) seventy-five percent (75%) of the premium to net asset value with respect to the sale of any Common
Stock sold until such compensation is equal to 0.80% of the aggregate gross sales proceeds and (ii) twenty-five percent (25%) of the
premium to net asset value with respect to the sale of any Common Stock sold until such compensation is equal to 0.20% of the aggregate
gross sales proceeds. Out of this commission, Nuveen Securities will compensate the applicable dealer at a variable commission rate equal
to seventy-five percent (75%) of the premium to net asset value with respect to the sale of any Common Stock sold until such compensation
is equal to 0.80% of the aggregate gross sales proceeds. In connection with the sale of the Common Stock on the Fund’s behalf,
Nuveen Securities may be deemed to be an “underwriter” within the meaning of the Securities Act and the compensation of Nuveen
Securities may be deemed to be underwriting commissions or discounts.
| 2. | The
second paragraph in the section of the Prospectus Supplement titled “Prospectus Supplement
Summary – The Offering” is hereby deleted and replaced with the following: |
The
Fund will compensate Nuveen Securities with respect to sales of Common Stock at a variable commission rate. The variable commission rate
shall be equal to the sum of (i) seventy-five percent (75%) of the premium to net asset value with respect to the sale of any Common
Stock sold until such compensation is equal to 0.80% of the aggregate gross sales proceeds and (ii) twenty-five percent (25%) of the
premium to net asset value with respect to the sale of any Common Stock sold until such compensation is equal to 0.20% of the aggregate
gross sales proceeds. “Gross sales proceeds” with respect to each sale of Common Stock shall be the gross sales price per
Common Stock multiplied by the number of Common Stock sold. The gross sales price with respect to each sale of Common Stock sold pursuant
to the Distribution Agreement shall be the gross sales price per Common Stock of such Common Stock. Nuveen Securities will compensate
Stifel Nicolaus as sub-placement agent at a variable commission rate equal to seventy-five percent (75%) of the premium to net asset
value with respect to the sale of any Common Stock sold until such compensation is equal to 0.80% of the aggregate gross sales proceeds.
Settlements of sales of Common Stock will occur on the first business day following the date on which any such sales are made.
| 3. | The
fourth paragraph in the section of the Prospectus Supplement titled “Plan of Distribution”
is hereby deleted and replaced with the following: |
The
Fund will compensate Nuveen Securities with respect to sales of Common Stock at a variable commission rate. The variable commission rate
shall be equal to the sum of (i) seventy-five percent (75%) of the premium to net asset value with respect to the sale of any Common
Stock sold until such compensation is equal to 0.80% of the aggregate gross sales proceeds and (ii) twenty-five percent (25%) of the
premium to net asset value with respect to the sale of any Common Stock sold until such compensation is equal to 0.20% of the aggregate
gross sales proceeds. “Gross sales proceeds” with respect to each sale of Common Stock shall be the gross sales price per
Common Stock multiplied by the number of Common Stock sold. The gross sales price with respect to each sale of Common Stock sold pursuant
to the Distribution Agreement shall be the gross sales price per Common Stock of such Common Stock. Nuveen Securities will compensate
Stifel Nicolaus as sub-placement agent at a variable commission rate equal to seventy-five percent (75%) of the premium to net asset
value with respect to the sale of any Common Stock sold until such compensation is equal to 0.80% of the aggregate gross sales proceeds.
Settlements of sales of Common Stock will occur on the first business day following the date on which any such sales are made.
PLEASE
KEEP THIS WITH YOUR
FUND’S
PROSPECTUS SUPPLEMENT FOR FUTURE REFERENCE
EGN-NMIP-0924P
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