Sit Investment Associates Inc. Reports New 12.1% Stake in Nuveen Real Asset Income & Growth Fund

Sit Investment Associates, Inc. (SIA) and its subsidiary, Sit Fixed Income Advisors II, LLC (SFI), have filed a Schedule 13G reporting a significant new ownership position in Nuveen Real Asset Income & Growth Fund (JRI). As of March 31, 2026, the filers beneficially own 4,366,526 shares of common stock, representing a 12.1% stake in the company. This filing marks an increase from a previously reported 0.0% position. The shares are held across various client accounts managed by SIA and SFI, and both entities share voting and dispositive power over the securities. The reported ownership percentage is based on approximately 36.2 million shares outstanding, adjusted for the issuer's rights offering and dividend reinvestment plan. The filing was made under Rule 13d-1(b), indicating that the acquisition was made in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. Both reporting persons are registered investment advisers headquartered in Minneapolis, Minnesota.