On April 4, 2023, Bulldog Investors, LLP announced that the Board of Trustees of Nuveen Short Duration Credit Opportunities Fund is sending proxies to stockholders asking them to approve a merger of the Company into another closed-end fund, Nuveen Floating Rate Income Fund (JFR), at a special meeting on May 8, 2023. Bulldog Investors expressed its views that if a closed-end fund is trading at a sizeable discount to NAV and its stockholders are being asked to approve a major change, i.e., a merger, a change of control of the Board, approval of a new investment advisor, or a change in the fund's investment objective, then before the change occurs, they should have an opportunity to monetize a portion of their shares at a price that is close to NAV. Bulldog Investors added that consequently, it has asked the Board of the Company to conduct a self-tender offer at a price close to NAV before the Fund is merged out of existence.

But the Board has not agreed to conduct such a self-tender offer. Bulldog Investors stated that therefore, it is urging stockholders to vote against the proposed merger. If the merger is not approved, it intends to advocate for the Company to convert to an open-end fund or to liquidate, in which case all stockholders will be able to receive NAV for their shares.