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Appeals court: Nuveen amendment 'illegally strips' shares of voting rights

12/01/2023

An appeals court has affirmed a ruling that a bylaw amendment adopted by five Nuveen Investments closed-end funds violated the Investment Company Act of 1940. In suing the funds and their boards of directors in February 2021, Saba Capital Management maintained that all shares should be treated equally under the '40 ... Log in to view full article.

 


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