John McCann
About John McCann
John M. McCann serves as Vice President and Assistant Secretary of Nuveen Municipal Credit Opportunities Fund (NMCO); he has been an officer in the Nuveen closed‑end fund complex since 2022 and was born in 1975 . His principal occupation is Senior Managing Director and Division General Counsel at Nuveen, with concurrent legal officer roles across Nuveen Fund Advisors, Nuveen Asset Management, and multiple TIAA/CREF fund entities . Officers of the Funds receive no compensation from the Funds; the Chief Compliance Officer’s pay is handled by the Adviser with only a portion of incentive compensation reimbursed by the Funds, and no fund-level TSR or operating performance metrics tied to officer compensation are disclosed .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Senior Managing Director; Division General Counsel | Not disclosed | Legal leadership across Nuveen’s fund complex |
| Nuveen Fund Advisors, LLC | Managing Director; General Counsel; Secretary | Not disclosed | Fund governance and adviser legal oversight |
| Nuveen Asset Management, LLC | Managing Director; Associate General Counsel; Assistant Secretary | Not disclosed | Portfolio/fund legal, documentation and controls |
| TIAA SMA Strategies LLC | Managing Director; Assistant Secretary | Not disclosed | Legal support for SMA strategies within TIAA/Nuveen |
| College Retirement Equities Fund (CREF), TIAA Separate Account VA‑1, TIAA‑CREF Funds, TIAA‑CREF Life Funds, Teachers Advisors LLC, TIAA‑CREF Investment Management LLC | Managing Director; Associate General Counsel; Assistant Secretary | Not disclosed | Cross‑complex legal governance and officer functions |
External Roles
No external directorships or non‑profit roles are disclosed for John M. McCann in the Fund’s proxy .
Fixed Compensation
- Officers of the Funds (including John M. McCann) receive no compensation from the Funds; the Funds have no retirement or pension plans for officers .
- The Funds reimburse the Adviser only for an allocable portion of the Adviser’s cost of the Chief Compliance Officer’s incentive compensation; no fund-paid salary/bonus/RSU/option information is provided for other officers .
Performance Compensation
- No short‑term or long‑term incentive metrics (revenue, EBITDA, TSR, ESG, etc.), vesting schedules, or equity awards are disclosed at the Fund level for officers; officers are compensated by Nuveen/TIAA, not by the Funds .
Equity Ownership & Alignment
| Metric | Current |
|---|---|
| Beneficial ownership by Board Members and executive officers as a group (each Fund) | <1% of outstanding shares (as of Feb 18, 2025) |
| Individual officer holdings (John M. McCann) | Not disclosed (Appendix A provides Board Members but not individual officer holdings) |
- No pledging or hedging disclosures specific to officers are provided; Section 16(a) filing compliance is affirmed for Board Members, officers, Adviser, and affiliates .
- Board Members are expected to invest at least one year of compensation in the funds, but this governance principle applies to trustees, not officers .
Employment Terms
- Role: Vice President and Assistant Secretary (officer) of NMCO; length of service as an officer since 2022; year of birth 1975 .
- Officers are elected annually by the Board to serve until successors are elected and qualified; officers receive no compensation directly from the Funds .
- No officer employment contracts, severance provisions, non‑competes, change‑of‑control terms, bonus targets, or clawbacks are disclosed at the Fund level (these are handled by Nuveen/TIAA, not the Funds) .
Investment Implications
- Compensation alignment with Fund shareholders is limited at the Fund level for officers, as they are compensated by the Adviser and not the Fund; no Fund‑paid equity or incentive metrics are disclosed for officers, reducing direct pay‑for‑performance visibility for investors focused on fund governance levers .
- Insider selling pressure appears low from an alignment standpoint: group beneficial ownership (Board Members plus executive officers) is below 1% for each Fund, with no specific officer pledging disclosed; however, the absence of individual officer holdings limits precision on potential trading signals tied to officer ownership .
- Governance oversight of NMCO remains robust through an independent, unitary Board structure with extensive committee coverage (Audit, Compliance/Risk, Investment, Dividend, Nominating/Governance, Closed‑End Fund), but these structures primarily govern adviser oversight and fund operations rather than officer pay design at the Fund level .
- Operational influence: McCann is among the proxy holders designated to vote proxies at the Annual Meeting (alongside Kevin J. McCarthy and Mark L. Winget), underscoring his standing within fund governance operations though not tied to compensation economics .
Bottom line: For signals on compensation alignment, retention risk, and potential trading cues, investors should monitor Nuveen/TIAA corporate disclosures (not the Fund proxy) for officer‑level pay structures, while using the Fund’s independent board/committee frameworks to assess governance quality and operational oversight of adviser performance .