JRS
Nuveen Real Estate Income Fund7.60
-0.05-0.65%
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
219.58MP/E (TTM)
14.90Basic EPS (TTM)
0.51Dividend Yield
0.07%Recent Filings
8-K
By-laws drop control share rules
Nuveen Real Estate Income Fund eliminated its suspended 'control share' provisions from the by-laws on February 28, 2024, via board adoption, with no other changes. This removes outdated restrictions on shareholder voting power in control acquisitions. The move streamlines governance. Investors gain clearer paths to influence.
8-K
Board consolidation for efficiencies
Nuveen Real Estate Income Fund announced board consolidation across its fund complex on October 13, 2023, effective January 1, 2024, to streamline operations and cut costs for shareholders. The board shrinks to ten members, appointing independent trustees Thomas J. Kenny and Loren M. Starr from TC Funds boards, while Jack B. Evans and William C. Hunter retire December 31, 2023. This unification promises efficiencies in vendor negotiations and marketing. Yet, transitions carry oversight risks.
8-K
Suspends control share by-law
On February 24, 2022, Nuveen Real Estate Income Fund's Board amended its by-laws to suspend the control share provision, following a U.S. District Court ruling on February 18 that invalidated it under the 1940 Act. The provision, adopted in 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. This shields long-term income strategies from short-term disruptions.
8-K
Nuveen amends fund by-laws
On October 5, 2020, Nuveen Real Estate Income Fund's board adopted amended and restated by-laws, tightening advance notice deadlines for 2021 shareholder proposals and nominations—such as December 5 to December 20 for non-Rule 14a-8 submissions. These changes, part of a broader update across Nuveen closed-end funds, introduce a control share provision requiring shareholder approval for voting rights on stakes exceeding 10% to shield long-term investors from short-term opportunists. Boards guard the funds fiercely.
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