Diana R. Gonzalez
About Diana R. Gonzalez
Diana R. Gonzalez (born 1978) serves as Vice President and Assistant Secretary of Nuveen Municipal Credit Income Fund (NZF) and has held this officer position in the Nuveen fund complex since 2017 . Her primary responsibilities over the past five years include legal and corporate secretary functions across Nuveen Fund Advisors, Nuveen Asset Management, Teachers Advisors (TIAA) and TIAA‑CREF Investment Management, reflecting Associate General Counsel capacity within the Nuveen/TIAA complex . NZF’s officers are elected annually by the Board, serve on an indefinite term basis, and—critically—receive no compensation from the Fund, with officer pay handled by the Adviser for certain roles (e.g., CCO) and not disclosed on a fund basis . Fund‑level performance metrics (e.g., TSR, revenue, EBITDA) are not tied to officer compensation and are not disclosed for officers; NZF is a closed‑end fund where adviser compensation frameworks govern officer pay rather than fund‑level incentive plans .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Municipal Credit Income Fund (NZF) | Vice President and Assistant Secretary | Length of Service: Since 2017 | Not disclosed |
| Nuveen Fund Advisors, LLC | Vice President and Assistant Secretary | Past 5 years (principal occupations) | Not disclosed |
| Nuveen Asset Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years | Not disclosed |
| Teachers Advisors, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years | Not disclosed |
| TIAA‑CREF Investment Management, LLC | Vice President, Associate General Counsel and Assistant Secretary | Past 5 years | Not disclosed |
| Nuveen (corporate) | Vice President and Associate General Counsel | Past 5 years | Not disclosed |
External Roles
No external directorships or board committee roles for Gonzalez are disclosed in NZF’s proxy materials; officer listings focus on fund/officer capacity rather than outside boards .
Fixed Compensation
- Officers of the Funds receive no compensation from the Funds; NZF has no employees. The CCO’s compensation is paid by the Adviser (Nuveen Fund Advisors), with the Fund reimbursing an allocable portion of the Adviser’s cost of the CCO’s incentive compensation; officer pay for roles like Gonzalez’s is therefore handled by the Adviser and not disclosed at the fund level .
- Officers are elected annually and serve until successors are elected and qualified; term is indefinite .
| Component | Amount/Structure | Source |
|---|---|---|
| Fund‑paid officer compensation | $0 (officers serve without compensation from the Fund) | DEF 14A 2025 |
| Employment term | Indefinite; officers elected annually | DEF 14A 2025 |
| Employer of record | Adviser (Nuveen Fund Advisors and affiliates), not the Fund | DEF 14A 2025 |
Performance Compensation
- No fund‑level bonus/PSU/RSU/option awards are reported for NZF officers; compensation, if any, is at the Adviser level and not disclosed in NZF’s proxy .
- NZF does not disclose performance metrics tied to officer pay (e.g., revenue growth, EBITDA, TSR) at the fund level; officers’ services are provided by the Adviser and affiliates .
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed for Gonzalez (officers receive no compensation from the Fund; any pay at Adviser level not reported in NZF proxy) | — | — | — | — | — |
Equity Ownership & Alignment
- NZF discloses beneficial ownership for board members and officers as a group; individual officer holdings (including Gonzalez) are not itemized. As of June 20, 2025 and June 13, 2024, board members and executive officers as a group beneficially owned less than 1% of outstanding shares of each Fund .
- Governance principle for Board Members (note: directors, not officers) expects each Board Member to invest at least one year of compensation in funds overseen; no such ownership guideline is disclosed for officers .
| Group Beneficial Ownership in NZF (Board Members + Officers) | May 31, 2024 | May 31, 2025 |
|---|---|---|
| NZF shares owned (Credit Income) | 11,426 | 28,757 |
| % of outstanding | <1% (as of June 13, 2024) | <1% (as of June 20, 2025) |
- Pledging/Hedging: No pledging or hedging by officers is disclosed; pledging references in proxies pertain to board member investment guidelines and certain outside holdings for a board member, not officers .
- Ownership guidelines: Applicable to Board Members; no officer ownership guidelines disclosed .
Employment Terms
| Item | Disclosure | Source |
|---|---|---|
| Officer title | Vice President and Assistant Secretary | DEF 14A 2025 |
| Term of office | Indefinite; elected annually by Board | DEF 14A 2025 |
| Length of service | Since 2017 (officer in Nuveen fund complex) | DEF 14A 2025 |
| Employer | Adviser and affiliates (Nuveen/TIAA entities), not the Fund | DEF 14A 2025 |
| Severance / change‑of‑control | Not disclosed for officers at fund level | DEF 14A 2025 |
| Non‑compete / non‑solicit / garden leave | Not disclosed in fund proxy | DEF 14A 2025 |
| Clawbacks / tax gross‑ups | Not disclosed for officers; CCO incentive cost allocation described at Adviser level | DEF 14A 2025 |
Investment Implications
- Pay‑for‑performance alignment at the fund level is minimal for officers: NZF pays no officer compensation; any Gonzalez compensation resides at the Adviser, with no fund‑linked metrics or equity grants disclosed—reducing direct fund‑level incentive alignment and eliminating vesting‑driven selling pressure signals from NZF filings .
- Ownership alignment indicators are weak: officer holdings are not itemized, and group beneficial ownership remains below 1% of outstanding shares, offering limited signal on personal exposure and alignment for officers like Gonzalez .
- Retention risk appears low from the fund’s perspective: officers serve on indefinite terms and are elected annually; Gonzalez’s long tenure since 2017 suggests stability of legal/corporate secretary coverage for the fund complex, though actual employment protections and compensation structures reside with Nuveen/TIAA and are not visible in NZF filings .
- Trading signals: Absence of fund‑level equity awards or vesting schedules means traditional Form 4‑driven pressure indicators tied to vesting are unlikely at the fund level; any insider trading analysis would need to reference Adviser‑level reporting if and where applicable, which is not covered in NZF proxy filings .