Joseph Castro

About Joseph Castro

Joseph T. Castro (year of birth: 1964) serves as a Vice President of the Funds overseen in the Nuveen Fund Complex and, in his principal occupation during the past five years, is Executive Vice President and Chief Risk and Compliance Officer at Nuveen; he was added to the Funds’ officer roster in 2025 and previously served as Senior Managing Director and Head of Compliance at Nuveen, holding Senior Managing Director titles across Nuveen Fund Advisors, LLC, Nuveen Securities, LLC, and Nuveen, LLC . Officers of the Funds receive no compensation from the Funds themselves (compensation for the Funds’ Chief Compliance Officer is paid by the Adviser, with partial reimbursement by the Funds for incentive compensation), and the proxy does not disclose individual officer pay, equity awards, or performance-linked metrics for officers, so TSR, revenue, and EBITDA growth alignment cannot be evaluated from fund disclosures . As of June 20, 2025, Board Members and executive officers as a group beneficially owned less than 1% of the outstanding shares of each Fund, indicating limited aggregate “skin-in-the-game” at the fund level based on disclosed holdings .

Past Roles

External Roles

No external board memberships or outside directorships are disclosed for Joseph T. Castro in the 2025 proxy statement’s officer profiles .

Fixed Compensation

Officers of the Funds receive no compensation from the Funds; the Funds’ Chief Compliance Officer’s compensation (base salary and incentive) is paid by the Adviser, and the Funds reimburse an allocable portion of the Adviser’s cost of the CCO’s incentive compensation. No individual officer (including Joseph Castro) base salary, bonus, or equity award amounts are provided in fund filings .

Performance Compensation

The proxy does not disclose individual officer performance metrics, weighting, targets, or payouts (e.g., revenue growth, EBITDA, TSR) for Joseph Castro or other officers; only the Funds’ CCO compensation structure is described at a high level without quantitative targets or payout curves .

Equity Ownership & Alignment

Aggregate holdings and principal shareholder context are disclosed at the fund level; individual officer-level breakdowns (e.g., vested vs. unvested shares, options) are not provided. As of May 31, 2025, Board Members and officers as a group held 1,000 shares in the New York AMT‑Free fund and 0 shares in the New York Quality Income fund; as of June 20, 2025, the group beneficially owned less than 1% of outstanding shares of each Fund . Principal shareholders above 5% for the New York AMT‑Free fund included Karpus Management, Inc. with 16,070,785 shares (18.42%), providing context for float concentration and external influence; pledging/hedging by officers is not disclosed .

Additional alignment context:

• Group beneficial ownership of each Fund is less than 1% of outstanding shares as of June 20, 2025 .
• Board-level governance principle expects Independent Board Members to invest at least one year of compensation in funds across the complex; officer-specific ownership guidelines are not disclosed .

Employment Terms

No employment agreement, severance, change‑of‑control terms, non‑compete/non‑solicit, or clawback provisions are disclosed for Joseph Castro in fund filings; such arrangements (if any) would reside at the Adviser level and are not covered by the Funds’ proxy . Section 16(a)/30(h) compliance is affirmed for Board Members and officers, with no delinquent reports noted in the prior fiscal years, and no pledging or hedging by officers is disclosed in the proxy .

Investment Implications

• Pay‑for‑performance alignment: Fund filings do not provide Joseph Castro’s cash/equity pay design, metrics, or payout details; officers are not compensated by the Funds, and the only compensation disclosure pertains to the Funds’ CCO structure paid by the Adviser. As a result, fund‑level analysis of Castro’s incentive alignment (revenue/EBITDA/TSR) cannot be performed from proxy disclosures; any alignment would be governed by Nuveen/TIAA policies not disclosed here .
• Ownership and selling pressure: Individual officer share ownership, RSUs/PSUs, and options are not disclosed; group holdings are small (<1% across Funds), and there is no visibility into vesting schedules or upcoming expirations that could create selling pressure signals from fund disclosures .
• Retention and contract economics: No employment contract, severance, change‑of‑control, or clawback terms for Castro are disclosed at the fund level; therefore, retention risk cannot be assessed based on fund filings. Officer roles are elected annually by the Board with indefinite terms for the office, and compensation is handled at the Adviser level .
• Governance and risk oversight context: Castro’s principal occupation as EVP, Chief Risk and Compliance Officer aligns with the Funds’ emphasis on investment risk oversight through Board committees and Nuveen risk groups; however, specific performance targets or outcomes attributed to Castro are not disclosed in fund documents .
• Monitoring signals: Officer appointment appears first in the 2025 proxy; recent 8‑K focused on Board consolidation did not reference Castro specifically, underscoring that officer status changes are generally captured in the proxy, while 8‑Ks may highlight broader governance changes. Continue monitoring 8‑K Item 5.02 filings and future proxies for any compensatory arrangements or role changes .