Nuveen Ohio Quality Municipal Income Fund Shareholders Vote Overwhelmingly to Support Fund’s Board

Shareholders Reject Hedge Fund Board Nominees and Declassification Proposal

NEW YORK--()--Nuveen Ohio Quality Municipal Income Fund (NYSE: NUO) (the "Fund") today announced that at its Annual Meeting of Shareholders held on December 5, 2019, shareholders voted overwhelmingly to re-elect the Fund’s current trustees who were up for election – three Class I Trustees re-elected by the holders of common shares and preferred shares, voting together as a single class, and two Trustees re-elected by the holders of preferred shares voting as a separate class. Shareholders rejected nominees proposed by hedge fund Saba Capital Management, L.P. and its affiliates (“Saba”) and also rejected by a significant margin Saba’s non-binding proposal to declassify the Fund’s Board.

“We want to thank the Fund’s shareholders for their active participation in protecting their long-term investment value,” said Terence J. Toth, Chair of the NUO Board of Trustees. “The voting results are a strong endorsement of the investment experience NUO has delivered under the Board’s pro-active leadership.”

Mr. Toth added: “In rejecting Saba’s declassification proposal, NUO shareholders affirmed our view that closed-end funds are fundamentally different from public operating companies. A classified board structure helps protect closed-end funds from disruptive attacks by activist investors seeking short-term benefits at the expense of a fund and its long-term shareholders.”

Final Certified Voting Results

Election of Trustees

Class I Nominees

For

Withhold

Board Nominees

Judith M. Stockdale

7,741,515

348,467

Carole E. Stone

7,741,942

348,040

Margaret L. Wolff

7,743,803

346,178

Saba Nominees

David Basile

3,477,289

38,488

Peter Borish

3,477,289

38,488

Charles Clarvit

3,477,289

38,488

 

Preferred Nominees

For

Withhold

William C. Hunter

1,480

0

Albin F. Moschner

1,480

0

Declassification Proposal

For

Against

Abstain

5,105,485

6,283,668

216,607

These results have been certified by First Coast Results, Inc., the independent Inspector of Election.

About Nuveen

Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has more than $1 trillion in assets under management as of September 30, 2019 and operations in 24 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com.

Nuveen Securities, LLC, member FINRA and SIPC.

EPS- 1036168PR-E1219

Contacts

Advisors:
800-752-8700

Investors:
800-257-8787

Media:
media-inquiries@nuveen.com

Contacts

Advisors:
800-752-8700

Investors:
800-257-8787

Media:
media-inquiries@nuveen.com