regulatory
confidence high
sentiment neutral
materiality 0.20
Nuveen Churchill amends admin agreement and trust declaration per regulator's blue sky review
Nuveen Churchill Private Capital Income Fund
- Amendments clarify that non-allocable administrator expenses are not reimbursable by the Fund.
- Indemnification of Administrator now requires no negligence or misconduct per NASAA Omnibus Guidelines.
- Sixth Amended and Restated Declaration of Trust also conforms expense and indemnification provisions.
- Changes effective October 30, 2024, in response to state securities regulator's offering review.
- No financial or operational impact disclosed; purely governance compliance.