As previously announced, shareholders of Nuveen Ohio Quality Municipal Income Fund (NYSE: NUO) and Nuveen Georgia Quality Municipal Income Fund (NYSE: NKG), and preferred shareholders of Nuveen Municipal Credit Income Fund (NYSE: NZF), have approved a proposal to merge the funds. The mergers will combine each of NUO and NKG into NZF. In connection with the mergers, NUO has filed with the Securities and Exchange Commission a notice of intention to redeem all of the fund’s outstanding Series 1 Variable Rate Demand Preferred Shares (VRDP) and NKG has filed with the Securities and Exchange Commission a notice of intention to redeem all of the fund’s outstanding Series 2028 Adjustable Rate MuniFund Term Preferred Shares (AMTP). The VRDP and AMTP redemption price will be the $100,000 liquidation preference per share, plus an additional amount representing the final accumulated dividends owed. The funds expect to finance the VRDP and AMTP redemptions with portfolio sales and cash on hand, and each redemption is subject to market conditions and the completion of any necessary portfolio sales by the funds, and they may not occur as planned. Official notification of the redemptions will be delivered to the holders of the VRDP shares of NUO and the AMTP shares of NKG through The Depository Trust Company (DTC).
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