Nuveen Municipal Credit Income Fund (NZF) Form 424B3 — Jun 30, 2026
Nuveen Municipal Credit Income Fund (NZF) has filed a joint proxy statement and prospectus proposing to merge Nuveen Minnesota Quality Municipal Income Fund (NMS) and Nuveen Virginia Quality Municipal Income Fund (NPV) into NZF, with shareholder votes scheduled for September 24, 2026. The combined fund would have approximately $2.7 billion in common assets and $4.6 billion in total investment exposure, up from NZF's current $2.4 billion and $4.1 billion respectively. Target Fund shareholders would receive Acquiring Fund shares at exchange ratios of 0.93903954 (NMS) and 0.90367957 (NPV) based on relative NAVs.
Key figures
- Shares Outstanding
- 195627765
- Nuveen Total AUM
- $1.4 trillion
- Nzf Common Assets
- 2409816398
- Exchange Ratio NMS
- 0.93903954
- Exchange Ratio NPV
- 0.90367957
- Nzf Leverage Percent
- 41.0%
- Estimated Merger Costs
- 1270000
- Nzf NAVPer Common Share
- 12.4
- Nuveen Fund Advisors AUM
- $157.2 billion
- Nzf Total Annual Expenses
- 3.50%
- Nzf Merger Cost Allocation
- 80000
- Nzf Percent Of Combined Fund
- 89.3%
- New Shares To NMSShareholders
- 6015901
- New Shares To NPVShareholders
- 17449638
- Nzf Total Investment Exposure
- 4083016398
- Combined Pro Forma Common Assets
- 2700666839
- Pro Forma Combined Common Shares
- 217828108
- Nzf Annualized Distribution Rate
- 7.69%
- Nzf Monthly Distribution Per Share
- 0.0795
- Combined Pro Forma Leverage Percent
- 40.9%
- Combined Pro Forma Total Annual Expenses
- 3.47%
- Combined Pro Forma Total Investment Exposure
- 4571518688
AI analysis
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