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Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE: NRK) announced the results of its 2024 Annual Meeting of Shareholders. The majority of shareholders, excluding those aligned with the activist investor, voted in favor of the Board's nominees and against the proposal to terminate Nuveen as the investment advisor. The certified results confirm that the Board's incumbent nominees will remain in place, and Nuveen will continue as NRK's investment advisor.
The voting results show that shareholders rejected all nominees submitted by the activist investor and the proposal to terminate the investment advisory agreement. Dave Lamb, Head of Nuveen Closed-End Funds, stated that this outcome demonstrates a clear mandate from shareholders to retain Nuveen and the Fund's qualified Trustees in their roles overseeing NRK.
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