Nuveen Municipal Credit Income Fund filed a Rule 425 communication on October 29, 2026, informing shareholders of Nuveen Minnesota Quality Municipal Income Fund (NMS) and Nuveen Virginia Quality Municipal Income Fund (NPV) that the Special Meeting of Shareholders has been adjourned to December 3, 2026, to allow additional time for voting on proposed mergers into NZF.

Key Highlights

  • Adjourned meeting date: The Special Meeting of Shareholders will reconvene on December 3, 2026, according to the filing.
  • Common Earnings Yield (as of March 31, 2026): NMS at 4.13% and NPV at 4.32% are compared to a NZF pro-forma combined fund yield of 5.36%, reflecting projected changes of +1.23% and +1.04%, respectively.
  • Taxable Equivalent Rate: The filing shows NMS at 8.25% and NPV at 7.96%, versus a NZF pro-forma rate of 8.91%, with changes of +0.66% and +0.95%.
  • Max Federal and State Tax Rate: NMS carries a 50.65% rate and NPV a 46.55% rate, compared to 40.80% for the NZF pro-forma combined fund.
  • Previously voted shareholders: The filing states that shareholders who have already voted need take no further action unless they wish to change their vote, in which case only the most recent vote received before the adjourned meeting will count.

Merger Proposal Details for NMS and NPV Shareholders

According to the filing, the proposed transactions would merge Nuveen Minnesota Quality Municipal Income Fund (NMS) and Nuveen Virginia Quality Municipal Income Fund (NPV) into Nuveen Municipal Credit Income Fund, which trades on the NYSE under the ticker NZF. The communication was filed by Nuveen Municipal Credit Income Fund under Rule 425 of the Securities Act of 1933, as amended, and is also deemed filed under Rule 14a-6 of the Securities Exchange Act of 1934, as amended. The subject company is Nuveen Virginia Quality Municipal Income Fund (Commission File No. 811-07490).

The filing states that supporting the merger into NZF "is expected to provide you with the potential for higher after-tax earnings, lower total operating expenses (excluding leverage), and greater liquidity." All pro-forma figures presented are described in the filing as "estimates based on the assumptions described in the proxy materials and do not reflect actual combined results." The filing also notes that "each fund's past performance (before and after taxes) is no guarantee of future results," consistent with standard cautionary language included in the proxy materials.

The comparative data presented as of March 31, 2026, covers three metrics: Common Earnings Yield, Max Federal and State Tax Rate, and Taxable Equivalent Rate. These figures are offered across NMS, NPV, and the NZF pro-forma combined fund to illustrate the potential impact of the merger on shareholder economics, as characterized by the filing. Shareholders may vote online, by touch-tone telephone, or by mail using the proxy card previously distributed.

What Was Disclosed

The filing disclosed an adjournment of the Special Meeting of Shareholders for NMS and NPV to December 3, 2026, and provided pro-forma financial comparisons as of March 31, 2026, supporting the proposed mergers of both funds into NYSE:NZF.