Nuveen Closed-End Funds Declare Pre-Merger Distributions
November 05 2019 - 4:15PM
Business Wire
Three Nuveen Closed-End Funds announced pre-merger
distributions. The specific distribution dates and amounts are
detailed below. As previously announced, the shareholders of Nuveen
North Carolina Quality Municipal Income Fund (NYSE: NNC) approved
the fund’s reorganization into Nuveen AMT-Free Quality Municipal
Income Fund (NYSE: NEA), and the shareholders of Nuveen Connecticut
Quality Municipal Income Fund (NYSE: NTC) approved the fund’s
merger into Nuveen AMT-Free Municipal Credit Income Fund (NYSE:
NVG).
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
reorganization going effective.
As previously announced, following the transactions, the
surviving funds, NEA and NVG, are expected to declare additional
post-closing distributions, with a record date of November 29,
2019, payable December 2, 2019. For each fund, the total per-common
share dollar amount of the pre- and post-closing tax-exempt
distributions received on December 2, 2019 will be equal to or
greater than the per-common share dollar amount of the prior
month’s tax-exempt dividend.
The following dates apply to today's pre-merger distribution
declarations:
Record Date
November 15, 2019
Ex-Dividend Date
November 14, 2019
Payable Date
December 2, 2019
Per Share Distribution
Ticker
Exchange
Fund Name
Tax-Exempt
Income
Ordinary
Income
NEA
NYSE
Nuveen AMT-Free Quality Municipal Income
Fund
$.0418
-
NNC
NYSE
Nuveen North Carolina Quality Municipal
Income Fund
$.0276
-
NVG
NYSE
Nuveen AMT-Free Municipal Credit Income
Fund
$.0167
-
NTC
NYSE
Nuveen Connecticut Quality Municipal
Income Fund
$.0000
-
For more information about UNII, each fund and the
shareholder-approved reorganizations, please visit
www.nuveen.com/CEF.
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 trillion in assets under management as of
30 September 2019 and operations in 24 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 in this release are 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;
• legal and regulatory developments; and
• other additional risks and uncertainties.
Nuveen and the closed-end funds managed by Nuveen and its
affiliates undertake no responsibility to update publicly or revise
any forward-looking statement.
EPS- 1001329PR-E1019
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