Articles from Nuveen

The 19(a) distribution notices for six Nuveen closed-end funds are now available. These informational notices provide further details on the sources of the funds’ regular quarterly distributions and follows the most recent quarterly distribution announcements. The full text of these notices is available below or on the Nuveen website via Distribution Source Estimates.

Today, the Nuveen Select Maturities Municipal Fund (NYSENIM) has declared an additional cash distribution with the record, ex-dividend and payable date outlined below.

The 19(a) distribution notices for six Nuveen closed-end funds are now available. These informational notices provide further details on the sources of the funds’ regular quarterly distributions and follows the most recent quarterly distribution announcements. The full text of these notices is available below or on the Nuveen website via Distribution Source Estimates.

Nuveen announced today that, based on the voting results of the 2024 Annual Meeting of Shareholders of Nuveen New York AMT-Free Quality Municipal Income Fund (NYSENRK), shareholders, excluding shares voted by the activist, voted overwhelmingly in favor of the Board’s nominees, Joanne T. Medero, Loren M. Starr and Matthew Thornton III, and against the activist’s proposal to terminate Nuveen as investment advisor to the Fund.

Nuveen Preferred and Income Term Fund (NYSEJPI) announced the final results of a tender offer.

Nuveen Preferred and Income Term Fund (NYSEJPI) announced the preliminary results of a tender offer.

Nuveen announced today that Glass Lewis, a leading independent proxy advisory firm, recommended that shareholders vote on the WHITE proxy card FOR ALL Board nominees of Nuveen New York AMT-Free Quality Municipal Income Fund (NYSENRK), and AGAINST the proposal to terminate Nuveen as the investment advisor put forth by a dissident shareholder in connection with the Fund’s annual meeting scheduled for August 15, 2024.

Nuveen announced today that Institutional Shareholder Services Inc. (ISS), a leading independent proxy advisory firm, recommended that shareholders vote on the WHITE proxy card FOR ALL Board nominees of Nuveen New York AMT-Free Quality Municipal Income Fund (NYSENRK), and AGAINST the proposal to terminate Nuveen as the investment advisor put forth by a dissident shareholder in connection with the Fund’s annual meeting scheduled for August 15, 2024.

Shareholders of Nuveen Preferred and Income Term Fund (NYSEJPI) have approved a proposal to amend the fund’s declaration of trust to eliminate the fund’s term structure, subject to the completion of a tender offer. The amendment will allow shareholders the opportunity to maintain their investment in JPI and its leveraged exposure to preferred and other income producing securities in lieu of the fund’s scheduled termination.

The 19(a) distribution notices for six Nuveen closed-end funds are now available. These informational notices provide further details on the sources of the funds’ regular quarterly distributions and follows the most recent quarterly distribution announcements. The full text of these notices is available below or on the Nuveen website via Distribution Source Estimates.

Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions, including earnings, undistributed net investment income, and notices, please visit www.nuveen.com/cef.

The Boards of Trustees of certain Nuveen closed-end funds announced today that Glass Lewis, a leading independent proxy advisory firm, recommended that shareholders vote on the WHITE proxy cards FOR all of the Board Nominees of Nuveen Real Asset Income and Growth Fund (NYSEJRI), Nuveen Core Plus Impact Fund NYSE: NPCTNYSENPCT)(NYSE: NMAINYSENMAI and Nuveen Variable Rate Preferred & Income Fund (NYSE: NPFDNYSE) (the “Funds”) in connection with the Funds’ annual meetings, scheduled to be held on May 15, 2024.

The 19(a) distribution notices for six Nuveen closed-end funds are now available. These informational notices provide further details on the sources of the funds’ regular quarterly distributions and follows the most recent quarterly distribution announcements. The full text of these notices is available below or on the Nuveen website via Distribution Source Estimates.

Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions, including earnings, undistributed net investment income, and notices, please visit www.nuveen.com/cef.

Nuveen announces today the upcoming retirement of Jay L. Rosenberg, Head of Public Real Assets and portfolio manager for Nuveen Real Asset Income and Growth Fund (NYSEJRI). Mr. Rosenberg will remain a portfolio manager on JRI until March 31, 2024. There will be no impact on the investment approach, investment strategy, or any of the fund’s investment objectives or policies.

Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions, including earnings, undistributed net investment income, and notices, please visit www.nuveen.com/cef.

The Board of Trustees of Nuveen Preferred and Income Term Fund (NYSEJPI) has approved a proposal that will allow shareholders of the fund the opportunity to maintain their investment in the fund and its leveraged exposure to preferred and other income producing securities.

Two Nuveen closed-end funds have declared additional cash distributions with the record, ex-dividend and payable date outlined below.

Nuveen Corporate Income 2023 Target Term Fund (NYSEJHAA) completed its termination and liquidation following the close of business on December 1, 2023. The termination and liquidation was performed in accordance with the fund’s investment objectives and organizational documents, consistent with the fund’s previously announced liquidation plans.

Certain Nuveen-sponsored closed-end funds today responded to the ruling by the United States Court of Appeals for the Second Circuit against five closed-end funds advised by Nuveen Fund Advisors, LLC and Nuveen Asset Management, LLC with the following statement:

Nuveen Closed-End Funds today announced that the Board of Trustees of the Funds has approved the regular monthly and quarterly distributions. In addition, the Board of Trustees has approved updated distribution polices described below under “Monthly & Quarterly Distributions” for The Nuveen Preferred & Income Opportunities Fund (NYSEJPC), Nuveen Preferred and Income Term Fund NYSE: JPINYSEJPI)(NYSE: NPFDNYSENPFD, Nuveen Taxable Municipal Income Fund (NYSE: NBBNYSE), Nuveen Real Asset Income and Growth Fund (NYSE: JRIJRI), Nuveen Dynamic Municipal Opportunities Fund (NYSENDMO), Nuveen Core Plus Impact Fund NYSE: NPCTNYSENPCT)(NYSE: NMAINYSENMAI.

Nuveen today announced that the Nuveen Preferred & Income Opportunities Fund (NYSEJPC) has declared a post-merger distribution. The distribution follows the pre-merger distribution, announced on October 24, 2023.

The mergers of Nuveen Preferred and Income Fund (NYSEJPT) and Nuveen Preferred & Income Securities Fund NYSE: JPSNYSEJPS)(NYSE: JPCNYSEJPC were successfully completed prior to the opening of the New York Stock Exchange on November 6, 2023. The fund’s newly consolidated portfolio contains nearly $4 billion in assets under management—the largest among listed preferred securities closed-end funds.

The 19(a) distribution notices for three Nuveen closed-end funds are now available. This informational notice provides further details on the sources of the funds’ regular monthly distribution and follows the most recent monthly distribution announcement. The full text of this notice is available below or on the Nuveen website via Distribution Source Estimates.

Nuveen today announced that three Nuveen Closed-End Funds have declared pre-merger distributions. The specific distribution dates and amounts are detailed below. As previously announced, common and preferred shareholders, as applicable, of Nuveen Preferred and Income Fund (NYSEJPT), Nuveen Preferred & Income Securities Fund NYSE: JPSNYSEJPS)(NYSE: JPCNYSEJPC, have approved a proposal to merge the funds. The mergers will combine each of JPT and JPS into JPC. The pre-merger distribution for each fund being acquired is intended to fully distribute the acquired fund’s accumulated undistributed net investment income (UNII) prior to the closing of the mergers.

Today, the Board of Trustees of certain Nuveen municipal closed-end funds declared regular monthly distribution rates and updated certain distribution policies.

Nuveen Corporate Income 2023 Target Term Fund (NYSEJHAA) today announced new details concerning its liquidation. Consistent with its investment objectives and organizational documents, the fund plans to terminate its existence and liquidate on or about December 1, 2023.

The Boards of Trustees of Nuveen New Jersey Quality Municipal Income Fund (NYSENXJ) and Nuveen Quality Municipal Income Fund NYSE:NADNYSENAD)(NYSE:NMTNYSENMT and Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEANYSE) announce the removal of a previously approved merger proposal from each funds’ upcoming shareholder meeting agenda. Previously, the Board of Trustees of each respective fund approved the merger of NXJ into NAD and the merger of NMT into NEA.

Common and preferred shareholders, as applicable, of Nuveen Preferred and Income Fund (NYSEJPT), Nuveen Preferred & Income Securities Fund NYSE: JPSNYSEJPS)(NYSE: JPCNYSEJPC have approved a proposal to merge the funds. The mergers will combine each of JPT and JPS into JPC. Subject to the satisfaction of certain customary closing conditions, the mergers are expected to become effective before the market opens on November 6, 2023.

The Boards of Trustees of Nuveen Pennsylvania Quality Municipal Income Fund (NYSENQP) and Nuveen AMT-Free Municipal Credit Income Fund NYSE: NVGNYSENVG)

The 19(a) distribution notices for ten Nuveen closed-end funds are now available. These informational notices provide further details on the sources of the funds’ regular monthly or quarterly distributions and follows the most recent monthly and quarterly distribution announcements. The full text of these notices is available below or on the Nuveen website via Distribution Source Estimates.

The Board of Trustees of Nuveen Municipal Income Fund, Inc. (NYSENMI) has approved certain investment policy changes for the fund. The fund’s investment objective to provide a high level of current income exempt from federal income tax remains unchanged.

The 19(a) distribution notices for three Nuveen closed-end funds are now available. This informational notice provides further details on the sources of the funds’ regular monthly distribution and follows the most recent monthly distribution announcement. The full text of this notice is available below or on the Nuveen website via Distribution Source Estimates.

The Boards of Trustees of six Nuveen municipal closed-end funds approved three merger proposals. The proposed mergers for the funds are subject to certain conditions, including necessary approval by the funds’ shareholders. The mergers are intended to create larger funds with lower operating expenses, enhanced earnings potential, and increased trading volume on the exchange for common shares.

The 19(a) distribution notices for three Nuveen closed-end funds are now available. This informational notice provides further details on the sources of the funds’ regular monthly distribution and follows the most recent monthly distribution announcement. The full text of this notice is available below or on the Nuveen website via Distribution Source Estimates.

The mergers of Nuveen Senior Income Fund (NYSENSL), Nuveen Floating Rate Income Opportunity Fund NYSE: JRONYSEJRO)(NYSE: JSDNYSEJSD into Nuveen Floating Rate Income Fund (NYSE: JFRNYSE) were successfully completed prior to the opening of the New York Stock Exchange on July 31, 2023. The fund’s newly consolidated portfolio contains approximately $2 billion in investments—the largest among listed senior loan closed-end funds.

Nuveen Intermediate Duration Quality Municipal Term Fund (NYSENIQ) completed its termination and liquidation following the close of business on June 30, 2023. The termination and liquidation was performed in accordance with the fund’s investment objectives and organizational documents, consistent with the fund’s previously announced liquidation plans.

The 19(a) distribution notices for ten Nuveen closed-end funds are now available. These informational notices provide further details on the sources of the funds’ regular monthly or quarterly distributions and follows the most recent monthly and quarterly distribution announcements. The full text of these notices is available below or on the Nuveen website via Distribution Source Estimates.

Common and preferred shareholders of Nuveen Senior Income Fund (NYSENSL), Nuveen Floating Rate Income Opportunity Fund NYSE: JRONYSEJRO)(NYSE: JSDNYSEJSD, and Nuveen Floating Rate Income Fund (NYSE: JFRNYSE) have approved a proposal to merge the funds. The mergers will combine each of NSL, JRO, and JSD into JFR. Subject to the satisfaction of certain customary closing conditions, the mergers are expected to become effective before the market opens on July 31, 2023.

Nuveen today announced that the Nuveen Intermediate Duration Quality Municipal Term Fund (NYSENIQ) declared a special tax-exempt distribution.

As previously announced, the Board of Trustees of Nuveen Intermediate Duration Quality Municipal Term Fund (NYSENIQ) has approved the liquidation of the fund upon the fund’s originally scheduled termination date. NIQ intends to liquidate on or before June 30, 2023. The fund will not declare its regular monthly income distribution in June 2023 and expects to make a special tax-exempt income distribution in connection with the fund’s liquidation. The amount and dates applying to any special income distribution will be announced at a later date. The fund anticipates making its final liquidating distribution on or about June 30, 2023. The final tax character of all distributions paid in 2023 will be reported to shareholders on Form 1099-DIV, which will be sent out in early 2024. Nuveen does not provide tax advice; investors should consult a professional tax advisor regarding their specific tax situation.

Nuveen Corporate Income 2023 Target Term Fund (NYSEJHAA) has entered the wind-up period in anticipation of its termination date. The fund is a “target term” fund that will cease its investment operations and liquidate its portfolio on or about December 1, 2023 and distribute the net proceeds to shareholders, unless the term is extended for a period of up to six months by a vote of the fund’s Board of Trustees.

The 19(a) distribution notices for three Nuveen closed-end funds are now available. This informational notice provides further details on the sources of the funds’ regular monthly distribution and follows the most recent monthly distribution announcement. The full text of this notice is available below or on the Nuveen website via Distribution Source Estimates.

As previously announced on April 10, 2023, John V. Miller effective today is no longer a portfolio manager for Nuveen Municipal High Income Opportunity Fund (NYSENMZ), Nuveen Taxable Municipal Income Fund NYSE: NBBNYSENBB)(NYSE: NMCONYSENMCO, and Nuveen Dynamic Municipal Opportunities Fund (NYSE: NDMONYSE).

The 19(a) distribution notices for three Nuveen closed-end funds are now available. This informational notice provides further details on the sources of the funds’ regular monthly distribution and follows the most recent monthly distribution announcement. The full text of this notice is available below or on the Nuveen website via Distribution Source Estimates.

Nuveen today announced that the Nuveen Municipal Credit Income Fund (NYSENZF) has declared a post-merger distribution. The distribution follows the pre-merger distribution, announced on April 3, 2023.

The mergers of Nuveen Ohio Quality Municipal Income Fund (NYSENUO) and Nuveen Georgia Quality Municipal Income Fund NYSE: NKGNYSENKG)(NYSE: NZFNYSENZF were successfully completed prior to the opening of the New York Stock Exchange on April 17, 2023.

The Boards of Trustees of Nuveen Preferred and Income Fund (NYSEJPT), Nuveen Preferred & Income Securities Fund NYSE: JPSNYSEJPS)(NYSE: JPCNYSEJPC have approved a proposal to merge the funds. The proposed mergers, if approved by shareholders, would combine each of JPT and JPS into JPC. The mergers are intended to create a larger fund with lower net operating expenses, enhanced earnings potential, and increased trading volume on the exchange for common shares.

Two Nuveen Closed-End Funds announced pre-merger distributions. The specific distribution dates and amounts are detailed below. As previously announced, shareholders of Nuveen Ohio Quality Municipal Income Fund (NYSENUO) and Nuveen Georgia Quality Municipal Income Fund NYSE: NKGNYSENKG)(NYSE: NZFNYSENZF, have approved a proposal to merge the funds. The mergers will combine each of NUO and NKG into NZF. The pre-merger distribution for each fund being acquired is intended to fully distribute the acquired fund’s accumulated undistributed net investment income (UNII) prior to the closing of the mergers. NUO does not currently estimate an accumulated undistributed net investment income (UNII) balance and subsequently will not make a pre-merger distribution.

Nuveen Intermediate Duration Municipal Term Fund (NYSENID) completed its termination and liquidation following the close of business on March 31, 2023. The termination and liquidation was performed in accordance with the fund’s investment objectives and organizational documents, consistent with the fund’s previously announced liquidation plans.

The 19(a) distribution notices for ten Nuveen closed-end funds are now available. These informational notices provide further details on the sources of the funds’ regular monthly or quarterly distributions and follows the most recent monthly and quarterly distribution announcements. The full text of these notices is available below or on the Nuveen website via Distribution Source Estimates.

As previously announced, shareholders of Nuveen Ohio Quality Municipal Income Fund (NYSENUO) and Nuveen Georgia Quality Municipal Income Fund NYSE: NKGNYSENKG)(NYSE: NZFNYSENZF, have approved a proposal to merge the funds. The mergers will combine each of NUO and NKG into NZF. In connection with the mergers, NUO has filed with the Securities and Exchange Commission a notice of intention to redeem all of the fund’s outstanding Series 1 Variable Rate Demand Preferred Shares (VRDP) and NKG has filed with the Securities and Exchange Commission a notice of intention to redeem all of the fund’s outstanding Series 2028 Adjustable Rate MuniFund Term Preferred Shares (AMTP). The VRDP and AMTP redemption price will be the $100,000 liquidation preference per share, plus an additional amount representing the final accumulated dividends owed. The funds expect to finance the VRDP and AMTP redemptions with portfolio sales and cash on hand, and each redemption is subject to market conditions and the completion of any necessary portfolio sales by the funds, and they may not occur as planned. Official notification of the redemptions will be delivered to the holders of the VRDP shares of NUO and the AMTP shares of NKG through The Depository Trust Company (DTC).

Effective immediately, portfolio manager responsibilities for Nuveen Global High Income Fund (NYSEJGH) have been updated. John Espinosa, Brenda Langenfeld, and Katherine Renfrew are being added as portfolio managers and Anders Persson will no longer be a portfolio manager of this fund. Mr. Persson will continue in his role at Nuveen as Chief Investment Officer of Nuveen Global Fixed Income. Kevin Lorenz and Jacob Fitzpatrick will continue in their roles as portfolio managers of this fund. There will be no impact on the investment approach, investment strategy, or any of the fund’s investment objectives or policies.

Common and preferred shareholders of Nuveen Ohio Municipal Quality Income Fund (NYSENUO) and Nuveen Georgia Municipal Quality Income Fund NYSE: NKGNYSENKG)(NYSE: NZFNYSENZF, have approved a proposal to merge the funds. The mergers will combine each of NUO and NKG into NZF. Subject to the satisfaction of certain customary closing conditions, the transactions are expected to become effective before the market opens on April 17, 2023.

As previously announced, the Board of Trustees of Nuveen Intermediate Duration Municipal Term Fund (NYSENID) has approved the liquidation of the fund upon the fund’s originally scheduled termination date. NID intends to liquidate on or before March 31, 2023. The fund will not declare its regular monthly income distribution in March 2023 and expects to include any remaining undistributed net investment income with the fund’s final liquidating distribution. The fund anticipates making its final liquidating distribution on or about March 31, 2023. In connection with the liquidation, the fund anticipates providing an estimate of the amount of tax-exempt income included as part of the fund’s liquidating distribution. The final tax character of all distributions paid in 2023 will be reported to shareholders on Form 1099-DIV, which will be sent out in early 2024. Nuveen does not provide tax advice; investors should consult a professional tax advisor regarding their specific tax situation.

The 19(a) distribution notices for three Nuveen closed-end funds are now available. This informational notice provides further details on the sources of the funds’ regular monthly distribution and follows the most recent monthly distribution announcement. The full text of this notice is available below or on the Nuveen website via Distribution Source Estimates.

As previously announced, the Board of Trustees of Nuveen Intermediate Duration Municipal Term Fund (NYSENID) and Nuveen Intermediate Duration Quality Municipal Term Fund NYSE: NIQNYSENIQ)

The 19(a) distribution notices for three Nuveen closed-end funds are now available. These informational notices provide further details on the sources of the funds’ regular monthly distribution and follow the most recent monthly distribution announcement. The full text of this notice is available below or on the Nuveen website via Distribution Source Estimates.

The Nuveen Intermediate Duration Municipal Term Fund (NYSENID) has filed with the Securities and Exchange Commission a notice of intention to redeem the fund’s outstanding Series 2023 Adjustable Rate MuniFund Term Preferred Shares. The Adjustable Rate MuniFund Term Preferred Share redemption price will be the $100,000 liquidation preference per share, plus an additional amount representing the final accumulated dividends owed. The Fund expects to finance the Series 2023 Adjustable Rate MuniFund Term Preferred Share redemption with portfolio sales and cash on hand, and this redemption is contingent upon the completion of all aspects of such portfolio sales by the Fund, which may not occur as planned. Official notification of the redemption will be delivered to affected shareholders through The Depository Trust Company (DTC).

The Board of Trustees of Nuveen Intermediate Duration Municipal Term Fund (NYSENID) and Nuveen Intermediate Duration Quality Municipal Term Fund NYSE: NIQNYSENIQ)

The Boards of Trustees of Nuveen Senior Income Fund (NYSENSL), Nuveen Floating Rate Income Opportunity Fund NYSE: JRONYSEJRO)(NYSE: JSDNYSEJSD, and Nuveen Floating Rate Income Fund (NSYE: JFR) have approved a proposal to merge the funds. The proposed mergers, if approved by shareholders, would combine each of NSL, JRO, and JSD into JFR. The mergers are intended to create a larger fund with lower net operating expenses, enhanced earnings potential, and increased trading volume on the exchange for common shares.

The 19(a) distribution notices for ten Nuveen closed-end funds are now available. These informational notices provide further details on the sources of the funds’ regular monthly or quarterly distributions and follows the most recent monthly and quarterly distribution announcements. The full text of these notices is available below or on the Nuveen website via Distribution Source Estimates.

Nuveen Emerging Markets Debt 2022 Target Term Fund (NYSEJEMD) completed its termination and liquidation following the close of business on December 1, 2022. The termination and liquidation was performed in accordance with the fund’s investment objectives and organizational documents, consistent with the fund’s previously announced liquidation plans.

Two Nuveen closed-end funds have declared additional cash distributions with the record, ex-dividend and payable date outlined below.

The 19(a) distribution notices for three Nuveen closed-end funds are now available. These informational notice provides further details on the sources of the funds’ regular monthly distribution and follows the most recent monthly distribution announcement. The full text of this notice is available below or on the Nuveen website via Distribution Source Estimates.

The 19(a) distribution notices for three Nuveen closed-end funds are now available. These informational notice provides further details on the sources of the funds’ regular monthly distribution and follows the most recent monthly distribution announcement. The full text of this notice is available below or on the Nuveen website via Distribution Source Estimates.

Nuveen Emerging Markets Debt 2022 Target Term Fund (NYSEJEMD) today announced new details concerning its liquidation. Consistent with its investment objectives and organizational documents, the fund plans to terminate its existence and liquidate on or about December 1, 2022.

The Boards of Trustees of Nuveen Ohio Quality Municipal Income Fund (NYSENUO), Nuveen Georgia Quality Municipal Income Fund NYSE: NKGNYSENKG)(NYSE: NZFNYSENZF have approved a proposal to reorganize the funds. The proposed reorganizations, if approved by shareholders, would combine NUO and NKG into NZF. The reorganizations are intended to create a larger fund with lower operating expenses, enhanced earnings potential, and increased trading volume on the exchange for common shares.

Shareholders of Nuveen Intermediate Duration Municipal Term Fund (NYSENID) and Nuveen Intermediate Duration Quality Municipal Term Fund NYSE: NIQNYSENIQ)

Two Nuveen closed-end funds have declared additional cash distributions with the record, ex-dividend and payable date outlined below.

The 19(a) distribution notices for ten Nuveen closed-end funds are now available. These informational notices provide further details on the sources of the funds’ regular monthly or quarterly distributions and follows the most recent monthly and quarterly distribution announcements. The full text of these notices is available below or on the Nuveen website via Distribution Source Estimates.

The 19(a) distribution notices for three Nuveen closed-end funds are now available. These informational notice provides further details on the sources of the funds’ regular monthly distribution and follows the most recent monthly distribution announcement. The full text of this notice is available below or on the Nuveen website via Distribution Source Estimates.

The 19(a) distribution notices for three Nuveen closed-end funds are now available. These informational notices provide further details on the sources of the funds’ regular monthly distribution and follows the most recent monthly distribution announcement. The full text of this notice is available below or on the Nuveen website via Distribution Source Estimates.

The 19(a) distribution notices for ten Nuveen closed-end funds are now available. These informational notices provide further details on the sources of the funds’ regular monthly or quarterly distributions and follows the most recent monthly and quarterly distribution announcements. The full text of these notices is available below or on the Nuveen website via Distribution Source Estimates.

The Board of Trustees of Nuveen Intermediate Duration Municipal Term Fund (NYSENID) and Nuveen Intermediate Duration Quality Municipal Term Fund NYSE: NIQNYSENIQ)