Nuveen Real Asset Income and Gr
13.83-0.22 (-1.57%)
Oct 29, 4:00:02 PM EDT · NYSE · JRI · USD
Key Stats
Market Cap
379.17MP/E (TTM)
6.81Basic EPS (TTM)
2.03Dividend Yield
0%Recent Filings
8-K
Annual meeting quorum fails
Nuveen Real Asset Income and Growth Fund reconvened its annual shareholder meeting on May 31, 2024, but lacked a quorum, preventing the election of Class III Trustees and ratification of its independent auditors. Current trustees hold over until the 2025 meeting or successors qualify. This delay maintains governance continuity yet underscores shareholder engagement challenges.
8-K
New portfolio manager appointed
Nuveen Real Asset Income and Growth Fund named Noah Hauser as portfolio manager effective May 1, 2024. Hauser, a CFA with deep expertise in global infrastructure and North American utilities from prior roles at Xcel Energy and Millennium Group, bolsters the Fund's real asset strategy. No changes to investment objectives. This addition sharpens focus amid steady policies.
8-K
By-Laws control share removal
Nuveen Real Asset Income and Growth Fund eliminated its suspended 'control share' provisions from the By-Laws on February 28, 2024, via board adoption, with the changes effective immediately and no other modifications. This removes outdated shareholder voting restrictions first suspended in 2022. The move streamlines governance. No financial impact disclosed.
8-K
Fund board consolidates for efficiency
Nuveen Real Asset Income and Growth 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 independent trustees Thomas J. Kenny and Loren M. Starr from TIAA-CREF boards, while Jack B. Evans and William C. Hunter retire December 31. This alignment boosts efficiencies, vendor negotiations, and marketing reach. Yet, transitions carry oversight risks.
8-K
By-laws suspend control share rule
On February 24, 2022, the Board of Trustees of Nuveen Real Asset Income and Growth Fund amended its 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. This provision, adopted in October 2020, aimed to shield shareholders from opportunistic hedge fund takeovers like Saba Capital's challenge. The Board plans to appeal, potentially reinstating the rule if successful. Suspension opens voting rights to control acquisitions, yet safeguards long-term income strategies.
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