Nuveen Mortgage & Income Fund Announces Sub‑Adviser Change After TAL Merger

What Happened

• The Fund filed an 8‑K reporting that, following the merger of Teachers Advisors, LLC (“TAL”) into Nuveen Asset Management, LLC (“NAM”) completed July 31, 2026, the Board approved an amended and restated investment sub‑advisory agreement effective August 1, 2026.
• Under the new agreement, NAM (333 West Wacker Drive, Chicago, IL 60606) replaces TAL as the Fund’s sub‑adviser. The agreement’s terms are substantially similar to the prior agreement; NAM will provide the same services and there are no changes to the Fund’s investment adviser (Nuveen Fund Advisors, LLC — NFAL), portfolio management team, investment objective, principal strategies, principal risks, or fees and expenses.

Key Details

• Merger completed: July 31, 2026; amended sub‑advisory agreement effective: August 1, 2026.
• NAM replaces TAL as sub‑adviser; both were previously affiliates of NFAL and subsidiaries of Nuveen, LLC/TIAA.
• Fee impact: NFAL pays NAM a portfolio management fee out of the advisory fee already paid to NFAL; there is no change in the fee paid by the Fund or in payments between NFAL and NAM.
• No changes to portfolio management personnel, investment objective, policies, principal strategies, or principal risks as a result of the merger.

Why It Matters

• For investors, this is an administrative sub‑adviser change tied to an internal merger, not a change in how the Fund is run.
• There is no change in the Fund’s fees, management team, investment objective, strategies, or disclosed risks, so shareholders should not expect operational disruption or cost impact based on this filing.