Company: NMI
Filing Date: 2025-01-06
Form Type: N-CSR
Source: 0001193125-25-002221
Chunk: 16

Company: NUVEEN MUNICIPAL INCOME FUND INC
Filing Date: 2025-01-06
Form: N-CSR
Chunk 16
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. (NMI) |

The Funds are registered under the Investment Company Act of 1940 (the “1940 Act”), as amended, as closed-endmanagement investment companies. NUV and NMI were incorporated under the state laws of Minnesota on April 8, 1987 and February 26, 1988, respectively. NUW was organized as a Massachusetts business trust on November 19, 2008. Current Fiscal Period: The end of the reporting period for the Funds is October 31, 2024, and the period covered by these Notes to Financial Statements is the fiscal year ended October 31, 2024 (the “current fiscal period”). Investment Adviser and Sub-Adviser: The Funds’ investment adviser is Nuveen Fund Advisors, LLC (the “Adviser”), a subsidiary of Nuveen, LLC (“Nuveen”). Nuveen is the investment management arm of Teachers Insurance and Annuity Association of America (TIAA). The Adviser has overall responsibility for management of the Funds, oversees the management of the Funds’ portfolios, manages the Funds’ business affairs and provides certain clerical, bookkeeping and other administrative services, and, if necessary, asset allocation decisions. The Adviser has entered into sub-advisoryagreements with Nuveen Asset Management, LLC (the “Sub-Adviser”),a subsidiary of the Adviser, under which the Sub-Advisermanages the investment portfolios of the Funds. Developments Regarding the Funds’ Control Share By-Law: On October 5, 2020, the Funds and certain other closed-endfunds in the Nuveen fund complex amended their by-laws.Among other things, the amended by-lawsincluded provisions pursuant to which, in summary, a shareholder who obtains beneficial ownership of common shares in a Control Share Acquisition (as defined in the by-laws)shall have the same voting rights as other common shareholders only to the extent authorized by the other disinterested shareholders (the “Control Share By-Law”).On January 14, 2021, a shareholder of certain Nuveen closed-endfunds filed a civil complaint in the U.S. District Court for the Southern District of New York (the “District Court”) against certain Nuveen funds and their trustees, seeking a declaration that such funds’ Control Share By-Lawsviolate the 1940 Act, rescission of such fund’s Control Share By-Lawsand a permanent injunction against such funds applying