M&A - TIAA-CREF FUNDS

Form Type: N-14

Filing Date: 2024-10-11

Corporate Action: Merger

Type: New

Accession Number: 000119312524236107

Filing Summary: On October 11, 2024, TIAA-CREF Funds filed a Form N-14 registration statement concerning the reorganization of the Nuveen Social Choice Low Carbon Equity Fund (the 'Target Fund') into the Nuveen Large Cap Responsible Equity Fund (the 'Acquiring Fund'). This reorganization was approved by the Board of Trustees of the Trust on September 19, 2024, and does not require shareholder approval, meaning shareholders are not required to vote or provide proxies. The rationale behind the reorganization includes enhancing Nuveen's offerings by eliminating redundant products and achieving lower expenses for Target Fund shareholders. The reorganization allows Target Fund shareholders to continue investing in an ESG-oriented fund with similar objectives and strategies as the Target Fund. Upon completion of the reorganization, expected around December 13, 2024, shareholders will receive shares of the Acquiring Fund equivalent in total net asset value to their Target Fund shares. No sales loads or charges will be incurred by shareholders in this transition. The reorganization is also expected to qualify as a tax-free event. If the reorganization does not proceed, the Board may choose to operate the Target Fund independently or consider other options.

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