JLS
Nuveen Mortgage and Income Fund18.25
-0.09-0.49%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
99.95MP/E (TTM)
9.46Basic EPS (TTM)
1.93Dividend Yield
0%Recent Filings
8-K
By-laws control share removal
Nuveen Mortgage and Income Fund eliminated its suspended 'control share' provisions from the by-laws on February 28, 2024, effective immediately via board adoption. Previously halted in 2022, this change streamlines governance without altering other terms. The move removes outdated shareholder voting restrictions. No financial impact disclosed.
8-K
JLS tweaks investment policies
Nuveen Mortgage and Income Fund (JLS) updated its investment policies effective March 1, 2024, to better capture securitized credit opportunities. It lowered the minimum MBS allocation to 50% of managed assets from 65%, raised non-mortgage ABS exposure to 50% from 35%, and added an 80% commitment to income-producing securities. Derivatives restrictions lifted. This flexes the portfolio amid market shifts.
8-K
Board consolidation for efficiency
Nuveen Mortgage and Income Fund announced board consolidation across its fund complex on October 13, 2023, to streamline operations and cut costs for shareholders. Effective January 1, 2024, the board shrinks to ten members, appointing experienced independents Thomas J. Kenny and Loren M. Starr while Jack B. Evans and William C. Hunter retire December 31. This unification promises efficiencies in vendor negotiations and marketing, yet demands smooth transitions. Consultants Joseph A. Boateng and Michael A. Forrester join to aid continuity.
8-K
Suspends control share by-law
On February 24, 2022, the Board of Trustees of Nuveen Mortgage and Income Fund and other Nuveen closed-end funds amended their by-laws to suspend the control share provision, following a U.S. District Court ruling on February 18 that deemed it violative of the 1940 Act. The provision, adopted in October 2020 to shield against opportunistic hedge fund takeovers like Saba Capital's challenge, now holds no force while the judgment stands. The Board plans to appeal vigorously. This move safeguards long-term shareholder interests against short-term predation.
8-K
Nuveen amends by-laws
On October 5, 2020, Nuveen Mortgage and Income Fund's board adopted amended by-laws, tightening advance notice deadlines for 2021 shareholder proposals and nominations—such as December 5 to 20 for non-Rule 14a-8 items—and introducing a control share provision. This curbs voting rights from acquisitions exceeding 10% ownership unless approved by other shareholders. Boards act to shield long-term holders from short-term opportunists. Yet, exceptions apply to pre-2020 shares.
IPO
Sector
Industry
JGH
Nuveen Global High Income Fund
12.43-0.02
JMM
Nuveen Multi-Market Income Fund
6.04-0.02
JPC
Nuveen Preferred & Income Oppor
8.05-0.05
JQC
Nuveen Credit Strategies Income
5.00-0.03
JRS
Nuveen Real Estate Income Fund
7.60-0.05
NBB
Nuveen Taxable Municipal Income
15.90-0.13
NMI
Nuveen Municipal Income Fund, I
9.91-0.10
NUV
Nuveen Municipal Value Fund, In
8.97-0.02
NUW
Nuveen AMT-Free Municipal Value
14.17-0.09
NVG
Nuveen AMT-Free Municipal Credi
12.53-0.06