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Nuveen updates 80% municipal-bond investment policy, shareholder approval rules clarified
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Nuveen updated its investment policy to require at least 80% of assets in municipal bonds that provide income, effective October 30, 2026. Key Highlights: Fund will invest at least 80% of assets in municipal bonds that enhance portfolio value by delivering income. Policy change adopted under Rule 35d-1 and effective October 30, 2026; supplements Annual Report disclosures. Board may change policies without shareholder vote, but the 80% municipal-bond policy requires 60…