Nuveen Closed-End Funds’ Board Approves Fund Merger
January 15 2015 - 5:08PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced that the Boards of three Nuveen New York municipal
closed-end funds approved a merger. The merger is subject to
customary conditions, including shareholder approval at the annual
shareholder meetings in the second quarter 2015. The merger is
intended to create a larger fund with lower operating expenses and
increased trading volume on the exchange for common shares.
More information on the proposed merger will be contained in the
proxy materials expected to be filed in the coming weeks. The
proposed fund merger is as follows:
Acquired Fund Symbol
Acquiring Fund Symbol
• Nuveen New York Performance
NNP
Municipal Fund, Inc. Nuveen New York Dividend
NAN
• Nuveen New York Dividend
NXK Advantage Municipal Fund Advantage Fund 2
More information on these and other Nuveen closed-end funds is
posted on Nuveen’s web site at www.nuveen.com/cef.
Nuveen Investments provides high-quality investment services
designed to help secure the long-term goals of institutional and
individual investors as well as the consultants and financial
advisors who serve them. Nuveen Investments markets a wide range of
specialized investment solutions which provide investors access to
capabilities of its high-quality boutique investment
affiliates—Nuveen Asset Management, LLC, Symphony Asset Management
LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset
Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital
Management, LLC and Gresham Investment Management LLC, all of which
are registered investment advisers and subsidiaries of Nuveen
Investments, Inc. Funds are distributed by Nuveen Securities, LLC,
a subsidiary of Nuveen Investments, Inc. Nuveen Investments
operates as a separate subsidiary within TIAA-CREF, which is a
leading provider of retirement and financial services in the
academic, research, medical and cultural fields. In total, Nuveen
Investments managed $229 billion as of September 30, 2014. For more
information, please visit the Nuveen Investments website at
www.nuveen.com.
5295-INV-001/16
Nuveen InvestmentsMedia Contact:Kristyna Munoz, (312)
917-8343kristyna.munoz@nuveen.com
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