Company: NAZ
Filing Date: 2025-04-15
Form Type: N-2/A
Source: 0001999371-25-004231
Chunk: 125

Company: NUVEEN ARIZONA QUALITY MUNICIPAL INCOME FUND
Filing Date: 2025-04-15
Form: N-2/A
Chunk 125
---
 line with generally accepted governance principles Whether the company has submitted the device for shareholder approval Whether the proposal arises in the context of a takeover bid or contest for control We will generally support shareholder resolutions asking to rescind or put to a shareholder vote antitakeover devices that were adopted without shareholder approval. Reincorporation General Policy: We will evaluate on a case-by-casebasis proposals for reincorporation taking into account the intention of the proposal, established laws of the new domicile and jurisprudence of the target domicile. We will not support the proposal if we believe the intention is to take advantage of laws or judicial interpretations that provide antitakeover protection or otherwise reduce shareholder rights. Corporate political influence General Policies: We will generally support reasonable shareholder resolutions seeking disclosure or reports relating to a company’s direct political contributions, including board oversight procedures. We will generally support reasonable shareholder resolutions seeking disclosure or reports relating to a company’s charitable contributions and other philanthropic activities. We may consider not supporting shareholder resolutions that appear to promote a political agenda that is contrary to the long-term health of the corporation. B-3 We will evaluate on a case-by-casebasis shareholder resolutions seeking disclosure of a company’s lobbying expenditures. Closed-endfunds We recognize that many exchange-listed closed-endfunds (“CEFs”) have adopted particular corporate governance practices that deviate from certain policies set forth in the Guidelines. We believe that the distinctive structure of CEFs can provide important benefits to investors, but leaves CEFs uniquely vulnerable to opportunistic traders seeking short-term gains at the expense of long-term shareholders. Thus, to protect the interests of their long-term shareholders, many CEFs have adopted measures to defend against attacks from short-term oriented activist investors. As such, in light of the unique nature of CEFs and their differences in corporate governance practices from operating companies, we will consider on a case-by-casebasis proposals involving the adoption of defensive measures by CEFs. This is consistent with our approach to proxy voting that recognizes the importance of case-by-caseanalysis to ensure alignment with investment team views, and voting in accordance with the best interest of our shareholders. Compensation issues Advisory votes on executive compensation (say on pay) General Policy: We will consider on a case-by-casebasis the advisory vote on executive compensation (say on pay). We expect well-designed plans that clearly demonstrate the alignment between pay and performance, and we encourage companies to be responsive to low levels of support by engaging with shareholders. We also prefer that companies offer an annual non-bindingvote on executive compensation