Albin F. Moschner

About Albin F. Moschner

Independent trustee of Nuveen Global High Income Fund (JGH) since 2016; born 1952. Former telecom and consumer electronics operating executive (Leap Wireless COO/CMO, Verizon Card Services President, Zenith Electronics CEO) and founder/CEO of Northcroft Partners LLC; designated an SEC “audit committee financial expert.” Education: B.E. Electrical Engineering (City College of New York, 1974) and M.S. Electrical Engineering (Syracuse University, 1979). For JGH (no preferred shares outstanding), he serves as a Class III Board Member with a term expiring at the 2027 annual meeting, subject to re‑election and qualification of successors .

Past Roles

External Roles

Board Governance

• Independence: The Board states all nominees and continuing members are not “interested persons” under the 1940 Act and are deemed Independent Board Members .
• Board class/term (JGH): JGH has no preferred shares outstanding; Moschner serves as a Class III trustee with a term expiring at the 2027 annual meeting .
• Board leadership: Independent Chair is Robert L. Young; chairs coordinate agendas, preside at meetings, and liaise with management .
• Committee assignments (JGH and Nuveen Fund Complex):
  • Audit Committee: Member; designated “audit committee financial expert” .
  • Compliance, Risk Management and Regulatory Oversight Committee: Member .
  • Nominating and Governance Committee: Member .
  • Investment Committee: Member .
  • Closed‑End Fund Committee: Chair .
  • Not on Executive Committee (Young, Kenny, Nelson, Toth are members) .
• Attendance: Each Board Member attended at least 75% of Board and assigned committee meetings in the last fiscal year .

Board and committee meetings held in last fiscal year (JGH):

Fixed Compensation

• Compensation structure (Independent Board Members)
  • 2023 (pre‑Jan 1, 2024): $210,000 annual retainer; per‑meeting fees varied by meeting type (e.g., $7,250 regular Board day; $2,500 Audit/Closed‑End/Investment; $5,000 Compliance; $1,250 Dividend; others), plus chair retainers (Board Chair $140,000; key committee chairs $20,000) .
  • Effective Jan 1, 2024: $350,000 annual retainer; annual retainers per committee membership (Audit & Compliance $30,000 each; Investment $20,000; Dividend/Nominating/Closed‑End $20,000); chair retainers (Board $140,000; Audit & Compliance $30,000; Investment $20,000; Dividend/Nominating/Closed‑End $20,000); ad hoc and special assignment fees as specified .
  • Effective Jan 1, 2025: Committee membership retainers increased (Audit & Compliance $35,000; Investment $30,000; Dividend/Nominating/Closed‑End $25,000); chair retainers increased (Board $150,000; Audit & Compliance $35,000; Investment $30,000; Dividend/Nominating/Closed‑End $25,000) .
• Deferred compensation: Available at director election; Moschner shows no deferred amounts in the deferred fees table (all entries blank for him) .
• JGH-specific and complex-wide pay (last fiscal year):
  • JGH paid to Moschner: $1,214 .
  • Total compensation from funds in the Nuveen Fund Complex paid to Moschner: $481,250 .

Other Directorships & Interlocks

No related‑party holdings or transactions are disclosed for Moschner in the appendix of board members owning securities in adviser‑related companies (example shown covers another trustee) .

Expertise & Qualifications

• SEC “audit committee financial expert” designation; serves on Audit Committee .
• Operating expertise across telecom, wireless, consumer electronics; former CEO, COO, CMO roles; management consulting founder/CEO .
• Technical credentials: B.E. (CCNY) and M.S. (Syracuse) in Electrical Engineering .

Equity Ownership

• Ownership policy: Board expects each member to invest, directly or on a deferred basis, at least the equivalent of one year of compensation in funds within the Nuveen Fund Complex .
• Beneficial ownership thresholds: As of Feb 18, 2025, each Board Member individually owned less than 1% of outstanding shares of each Fund; group ownership also below 1% .

Fund-level ownership for Moschner (as of Dec 31, 2024):

Governance Assessment

• Strengths
  • Independent status; no employment ties to TIAA/Nuveen; serves as audit committee financial expert and sits across key oversight committees, chairing the Closed‑End Fund Committee, indicating deep engagement in valuation, risk, performance, and discount management topics .
  • Attendance standard met (≥75%) amid a high volume of meetings for JGH, including 14 Audit Committee meetings last fiscal year, supporting active oversight .
• Alignment and incentives
  • Board compensation was restructured upward in 2024 with further increases in 2025 toward higher fixed retainers and committee retainers; Moschner received $481,250 from the complex and $1,214 allocated from JGH last fiscal year .
  • Ownership guideline exists at complex level; Moschner reports no JGH holdings but material holdings in other Nuveen funds (notably JFR), and all directors are below 1% ownership of each fund by design .
• Risk indicators and potential red flags
  • Zero direct ownership of JGH may be viewed as a potential alignment gap at the fund‑specific level, despite complex‑level guidelines and other Nuveen fund holdings .
  • Board workload is significant (overseeing 218 portfolios in the fund complex), which can dilute focus; however, committee structure and meeting cadence indicate robust process .
  • No related‑party transactions or Section 16(a) filing delinquencies disclosed; the fund reports compliance in the last fiscal year .

Notes:

• Auditors: PwC serves as independent auditor for JGH for the current fiscal year; representative expected at the annual meeting .
• Election status: For JGH, Moschner is a Class III trustee with term to 2027; he is also periodically elected by preferred shareholders in certain other Nuveen funds (not applicable to JGH, which has no preferred shares) .