John McCann
About John McCann
John M. McCann (born 1975) serves as Vice President and Assistant Secretary of the Nuveen Core Plus Impact Fund (NPCT) with an indefinite term and has served since 2022 . He is Senior Managing Director and Division General Counsel of Nuveen, and holds legal officer roles across Nuveen Fund Advisors, Nuveen Asset Management, TIAA SMA Strategies, and multiple TIAA-affiliated registered funds, reflecting broad governance and regulatory oversight across the fund complex . Fund officers receive no compensation from the Funds, and the proxy discloses no TSR or financial performance metrics tied to officer compensation, limiting pay-for-performance analysis at the fund level . McCann is also named as a proxy holder in NPCT’s proxy materials for the April 17, 2025 annual meeting, underscoring his governance and legal role in shareholder processes .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Senior Managing Director, Division General Counsel | Not disclosed; current | Legal leadership over Nuveen’s division-level governance and risk oversight |
| Nuveen Fund Advisors, LLC | Managing Director; General Counsel and Secretary | Current (2025 proxy) | Primary legal officer supporting adviser governance for Nuveen closed-end funds |
| Nuveen Asset Management, LLC | Managing Director; Associate General Counsel; Assistant Secretary | Current (2025 proxy) | Product, compliance and regulatory support across asset management entities |
| TIAA SMA Strategies LLC | Managing Director; Assistant Secretary | Assistant Sec. since 2016; Managing Director (by 2021) | Governance and legal operations for separate account strategies |
| Nuveen Alternative Advisors LLC | Vice President; Associate General Counsel; Assistant Secretary | VP since 2017; Associate GC/Assistant Sec. since 2011 | Legal oversight of alternatives platform |
| Covariance Capital Management, Inc. | General Counsel; Assistant Secretary | 2014–2017 | Led legal function at affiliated advisor |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| College Retirement Equities Fund (CREF) | Managing Director; Associate General Counsel; Assistant Secretary | Managing Director since 2019 (prior VP/Director) | Fund complex legal governance across major TIAA platforms |
| TIAA Separate Account VA-1 | Managing Director; Associate General Counsel; Assistant Secretary | Managing Director since 2019 (prior VP/Director) | Variable annuity account legal and regulatory oversight |
| TIAA-CREF Funds; TIAA-CREF Life Funds | Managing Director; Associate General Counsel; Assistant Secretary | Managing Director since 2019 (prior VP/Director) | Mutual fund governance and regulatory compliance |
| Teachers Insurance and Annuity Association of America (TIAA) | Managing Director; Associate General Counsel | Managing Director since 2018 | Enterprise legal leadership for the insurance parent |
| Teacher Advisors LLC; TIAA-CREF Investment Management, LLC | Managing Director; Associate General Counsel; Assistant Secretary | Managing Director since 2018 | Advisory entity legal and fiduciary oversight |
Fixed Compensation
| Component | Disclosure for Fund Officers |
|---|---|
| Base salary | Officers receive no compensation from the Funds |
| Target bonus % / Actual bonus | Not applicable at fund level (no fund-paid officer compensation) |
| Perquisites | Not disclosed for fund officers |
| Deferred compensation | Not applicable for fund officers; Board has a separate deferred plan (context) |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not applicable | — | — | — | — | — |
Officers receive no compensation from the Funds; no incentive plan details are disclosed for fund officers .
Equity Ownership & Alignment
| Holder | Shares (Common) | % of Outstanding | As-of Date |
|---|---|---|---|
| Officers and Board Members as a group (NPCT) | 2,714 | Less than 1% (individual holdings); group <1% overall | 12/31/2024 |
| Shares Outstanding (NPCT Common) | 28,755,000 | — | 2/18/2025 |
Top beneficial owners of NPCT (Common):
| Shareholder | Shares | % of Class | As-of Date |
|---|---|---|---|
| Saba Capital Management L.P. et al. | 2,053,350 | 7.14% | 2/18/2025 |
| Morgan Stanley; Parametric Portfolio Associates LLC | 2,109,660 | 7.30% | 2/18/2025 |
| Almitas Capital LLC | 1,712,647 | 5.88% | 2/18/2025 |
Additional alignment notes:
- Individual officer-level NPCT holdings for McCann are not separately disclosed; group beneficial ownership is de minimis (<1%) .
- No pledging or hedging disclosures are indicated for officers in NPCT’s proxy .
Insider transactions:
- Over the past 18 months, GuruFocus (aggregating SEC data) indicates John M. McCann made no insider transactions in NPCT, suggesting limited near-term selling pressure specific to this officer .
Employment Terms
| Term | Details |
|---|---|
| Position | Vice President and Assistant Secretary (officer of the Fund) |
| Term length | Indefinite; elected annually by the Board |
| Length of service | Since 2022 (as Fund officer) |
| Compensation source | Officers unpaid by Funds; CCO comp paid by Adviser (context) |
| Non-compete / Non-solicit | Not disclosed |
| Severance / CIC | Not disclosed for fund officers |
| Proxy role | Named proxy holder for NPCT’s 2025 annual meeting |
Investment Implications
- Alignment: Officer-level pay-for-performance levers are not observable at the fund level because officers receive no compensation from the Funds; individual officer ownership is not disclosed, and group ownership is immaterial (<1%), limiting “skin-in-the-game” signals for McCann specifically .
- Retention risk: McCann’s broad legal leadership across Nuveen/TIAA entities and indefinite officer term at NPCT suggest role continuity; no severance or CIC terms are disclosed at the fund level, and no evidence of insider selling for NPCT over the past 18 months reduces near-term execution risk related to personal trading pressure .
- Trading signals: Activist and institutional holders (Saba, Morgan Stanley/Parametric, Almitas) collectively hold >20% of NPCT, which can influence fund governance and discount management; however, McCann’s role is legal/governance, and no officer compensation-based catalysts are disclosed .