Nuveen Closed-End Funds Declare Pre-Merger Distributions
October 24 2023 - 4:43PM
Business Wire
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 (NYSE: JPT), Nuveen Preferred & Income Securities
Fund (NYSE: JPS), and Nuveen Preferred & Income Opportunities
Fund (NYSE: JPC), 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.
Following the mergers, JPC is expected to declare a post-closing
distribution, with a record date of November 16, 2023, payable
December 1, 2023. For common shareholders of each fund, the total
per-common share dollar amount of the pre- and post-closing
distributions received on December 1, 2023 will be equal to or
greater than the per-common share dollar amount of the prior
month’s dividend.
The following dates apply to today’s pre-merger distribution
declarations:
Record
Date
November 3, 2023
Ex-Dividend
Date
November 2, 2023
Payable
Date
December 1, 2023
Ticker
Exchange
Fund Name
Per Share Distribution
JPT
NYSE
Nuveen Preferred and Income Fund
$0.1115
JPS
NYSE
Nuveen Preferred & Income Securities
Fund
$0.0359
JPC
NYSE
Nuveen Preferred & Income
Opportunities Fund
$0.0419
Nuveen is a leading sponsor of closed-end funds (CEFs) with $53
billion of assets under management across 51 CEFs as of 30 Jun
2023. The funds offer exposure to a broad range of asset classes
and are designed for income-focused investors seeking regular
distributions. Nuveen has more than 35 years of experience managing
CEFs.
For more information, please visit Nuveen’s CEF homepage
www.nuveen.com/closed-end-funds or contact:
Financial Professionals: 800-752-8700
Investors: 800-257-8787
Media: media-inquiries@nuveen.com
About Nuveen
Nuveen, the investment manager of TIAA, offers a comprehensive
range of outcome-focused investment solutions designed to secure
the long-term financial goals of institutional and individual
investors. Nuveen has $1.1 trillion in assets under management as
of 30 Jun 2023 and operations in 27 countries. Its investment
specialists offer deep expertise across a comprehensive range of
traditional and alternative investments through a wide array of
vehicles and customized strategies. For more information, please
visit www.nuveen.com.
Nuveen Securities, LLC, member FINRA and SIPC.
The information contained on the Nuveen website is not a part of
this press release.
FORWARD-LOOKING STATEMENTS
Certain statements made or referenced in this release may be
forward-looking statements. Actual future results or occurrences
may differ significantly from those anticipated in any
forward-looking statements due to numerous factors. These include,
but are not limited to:
- market developments, including the timing of distributions and
other events identified in this press release;
- legal and regulatory developments; and
- other additional risks and uncertainties.
You should not place undue reliance on forward-looking
statements, which speak only as of the date they are made. Nuveen
and the closed-end funds managed by Nuveen and its affiliates
undertake no responsibility to update publicly or revise any
forward-looking statements.
EPS-3184358CR-E1023W
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version on businesswire.com: https://www.businesswire.com/news/home/20231024398421/en/
Financial Professionals: 800-752-8700 Investors: 800-257-8787
Media: media-inquiries@nuveen.com
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