Nuveen New York AMT-Free Quality Municipal Income Fund Receives Unanimous Support from Glass Lewis for Nuveen’s Board Nominees and Against Dissident Termination Proposal

Nuveen announced today that Glass Lewis, a leading independent proxy advisory firm, recommended that shareholders vote on the WHITE proxy card FOR ALL Board nominees of Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE: NRK), and AGAINST the proposal to terminate Nuveen as the investment advisor put forth by a dissident shareholder in connection with the Fund’s annual meeting scheduled for August 15, 2024.

Glass Lewis’ recommendation follows a report from Institutional Shareholder Services (“ISS”) directing shareholders to vote in favor of all Board nominee’s and against the termination proposal. ISS also issued a parallel recommendation to preferred shareholders of NRK.

In their report, Glass Lewis supported ALL of the Board’s independent and qualified nominees: Joanne T. Medero, Loren M. Starr, Matthew Thornton III, Albin F. Moschner and Margaret L. Wolff. In issuing its recommendation, Glass Lewis has rejected the nominees submitted by the dissident.

“We thank Glass Lewis for its sound judgment in recommending shareholders support the Fund’s incumbent Trustees and reject the proposal to terminate Nuveen as investment advisor. Glass Lewis was correct to highlight NRK’s strong performance, the shareholder-friendly actions the Board has taken, and the overall quality of the Board’s nominees. Under Nuveen’s stewardship, NRK continues to deliver outperformance with underlying strong governance for the benefit of all shareholders. We appreciate their continued support ahead of the upcoming meeting,” said Dave Lamb, Head of Nuveen Closed-End Funds.

Important statements by Glass Lewis¹ in issuing its voting recommendations FOR the Fund’s Board Nominees and AGAINST the termination proposal include:

The Fund’s Manager and Trustees Have Taken Actions to Deliver Strong Performance, Address Discounts and Enhance Distributions for the Benefit of All Shareholders

• “We recognize that the discount narrowed after the Fund implemented an enhanced distribution policy in October 2023, and we credit the board for taking deliberate action to address the discount.”

• “We recognize that the Fund outperformed relative to the peer group selected by the incumbent board over all periods discussed above, including over longer-term periods ended June 30, 2024 and over several ‘unaffected’ periods prior to Karpus’s initial Schedule 13D filing.”

The Dissident’s Unqualified Nominees Have No Board Experience and No Expertise in Closed-End Funds