Albin Moschner

About Albin F. Moschner

Independent director of Nuveen New York Municipal Value Fund (NNY) since 2016, born in 1952, with a core background in wireless telecom operations, marketing, and consumer electronics leadership. He holds a B.E. in Electrical Engineering from The City College of New York (1974) and an M.S. in Electrical Engineering from Syracuse University (1979) . Moschner founded and serves as CEO of Northcroft Partners, LLC (management consulting) since 2012; prior operating roles include COO and CMO at Leap Wireless, and president roles at Verizon Card Services and One Point Communications . He is classified as an Independent Board Member (not an “interested person”) and, for NNY (a fund without preferred shares), serves as a Class III director with a term expiring at the 2027 annual meeting .

Past Roles

External Roles

Board Governance

• Independence: All current Board Members, including Moschner, are independent (not “interested persons”) of the Funds and Nuveen/TIAA .
• Classification/Term at NNY: Class III director (NNY has no preferred shares), term expires at the 2027 annual meeting .
• Committee assignments:
  • Closed-End Fund Committee: Chair
  • Compliance, Risk Management and Regulatory Oversight Committee: Member
  • Nominating and Governance Committee: Member
  • Investment Committee: Member
• Attendance and engagement: Each Board Member attended at least 75% of Board and relevant committee meetings in the last fiscal year .

Fixed Compensation

Compensation structure for Independent Board Members (effective January 1, 2025):

• Annual base retainer: $350,000
• Committee membership retainers: Audit $35,000; Compliance $35,000; Investment $30,000; Dividend $25,000; Nominating & Governance $25,000; Closed-End Funds $25,000
• Committee chair retainers: Audit $35,000; Compliance $35,000; Investment $30,000; Dividend $25,000; Nominating & Governance $25,000; Closed-End Funds $25,000
• Board Chair retainer: $150,000
• Ad hoc meetings: $1,000 or $2,500 depending on length/immediacy
• Deferred compensation plan available (participating funds), with distributions elective; no retirement/pension plans

Performance Compensation

• No performance-based pay components (no bonus, RSUs/PSUs, options, or performance metrics disclosed for Independent Board Members). Compensation is retainer- and committee-based with optional deferred compensation; Funds have no retirement or pension plans .

Other Directorships & Interlocks

• No related-party transactions or ownership in companies under common control with the Adviser reported for Moschner; the related holdings table cites Thomas J. Kenny, not Moschner .

Expertise & Qualifications

• Telecom/wireless operations and marketing leadership (Leap Wireless COO/CMO; Verizon Card Services President; One Point President) .
• Consumer electronics CEO experience (Zenith Electronics) .
• Governance and board leadership (Closed-End Fund Committee Chair; prior chair/director roles) .
• Technical foundation (B.E., M.S. in Electrical Engineering) .
• Advisory board experience (Kellogg School of Management; Archdiocese of Chicago Financial Council) .

Equity Ownership

• Board policy: Each Board Member is expected to invest at least the equivalent of one year’s compensation in Nuveen funds (directly or on a deferred basis) .
• Beneficial ownership as of May 31, 2025:
  • Fund-level dollar ranges: Municipal High Income: $50,000–$100,000; all other listed funds (including NNY): $0 .
  • Shares owned: Municipal High Income: 7,136; NNY: 0; others: 0 .
  • Aggregate dollar range across Nuveen fund complex: Over $100,000 .
  • Ownership as % of shares outstanding: Each Board Member’s holdings in each fund <1%; Board Members and officers as a group <1% in each fund .

Governance Assessment

• Strengths

  • Independent director with significant operating and CEO experience across telecom and consumer electronics, supporting oversight of fund leverage, valuation, and performance matters .
  • Chairs the Closed-End Fund Committee, which monitors premiums/discounts, leverage usage, and actions to address discounts—directly relevant to closed-end fund investor outcomes .
  • Active engagement: attended ≥75% of Board and committee meetings; serves on key governance, compliance, and investment oversight committees .
  • Section 16(a) compliance affirmed for Board Members and officers (timely filings) .

• Alignment and incentives

  • Board guideline expects investment equal to one year’s compensation; Moschner’s aggregate beneficial ownership is reported as “Over $100,000,” but exact compliance with the one-year standard cannot be determined from disclosed ranges .
  • No deferred compensation balances disclosed for Moschner (zeros), implying pay is predominantly current cash retainers and committee fees .

• Conflicts and RED FLAGS

  • No related-party transactions or common-control company holdings reported for Moschner; independence from Nuveen/TIAA affirmed .
  • No pledging/hedging, tax gross-ups, option repricing, or legal proceedings disclosed for Moschner in the proxy .
  • Auditor rotation (complex-wide) to PwC noted, but not specific to Moschner; no adverse implications disclosed .

• Overall view

  • Governance profile reflects strong independence, committee leadership on a critical closed-end fund oversight area, and adequate attendance, supporting investor confidence. Ownership alignment is present but insufficiently granular to confirm full compliance with the one-year guideline; monitoring future disclosures would be prudent .