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TIAA and investor groups back bill to curb activist tactics targeting closed‑end funds
5938514 · October 7, 2025
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Summary
Representatives from TIAA urged the committee to advance legislation (H1112) designed to limit certain voting and conversion tactics used by activist investors that can disadvantage long‑term retirement investors who hold closed‑end funds.
TIAA testified in favor of House Bill 1112, a measure sponsors described as intended to curb activist investor tactics that can disadvantage long‑term income investors in closed‑end funds.
John McCann, managing director and general counsel for TIAA Navin, told the committee that closed‑end…
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