Effective April 30, 2026, Nuveen Multi-Market Income Fund (NYSE: JMM) (the “Fund”) will implement the below changes to its investment policies.
1. The following policies will no longer be applicable to the Fund:
– Under normal circumstances, the Fund will invest at least 65% of its total assets in securities that are rated investment grade at the time of purchase or are unrated and of comparable quality as determined by the Fund’s investment adviser.
– Under normal circumstances, the Fund will not purchase futures or options on futures or sell futures if as a result the sum of the initial margin deposits on the Fund’s existing futures positions and premiums paid for outstanding options on futures contracts would exceed 5% of the Fund’s total assets. (For options that are “in-the-money” at the time of purchase, the amount by which the option is “in-the-money” is excluded from this calculation).
2. The existing policy below will be updated to refer to “Managed Assets” instead of “total assets” and to replace references to “securities” with “investments”:
Prior Policy: The Fund may invest up to 35% of its total assets in securities that, at the time of purchase, are rated lower than investment grade or of comparable quality. These non-investment-grade securities are commonly referred to as “high yield” or “junk” bonds.
New Policy: The Fund may invest up to 35% of its Managed Assets in investments that, at the time of purchase, are rated lower than investment grade or of comparable quality. These non-investment-grade investments are commonly referred to as “high yield” or “junk” bonds.
