Nuveen MLP Closed-End Funds Announce Plan to Liquidate
20 4월 2020 - 9:00PM
Business Wire
Nuveen Energy MLP Total Return Fund (NYSE: JMF) and the Nuveen
All Cap Energy MLP Opportunities Fund (NYSE: JMLP) announced that
both funds intend to liquidate and distribute their net assets to
shareholders. Upon completing a review of potential actions in
response to the unprecedented downturn in the midstream MLP sector,
each fund’s Board of Trustees concluded that liquidation and
closure was in the best interest of shareholders.
The funds will begin the orderly liquidation of their assets,
determine and pay, or set aside an amount at least equal to, all
known or reasonably ascertainable liabilities and obligations. As
the funds’ portfolio securities continue to be sold, the funds may
deviate from their investment objectives and policies. The funds
will make one or more liquidating distributions. It is anticipated
that liquidating distributions will begin being paid on May 8,
2020.
The funds have fixed the close of business on May 8, 2020, as
the effective date for determining the common shareholders of the
funds entitled to receive liquidating distributions. The funds will
continue trading on the New York Stock Exchange through May 4, 2020
and will be suspended from trading before the open of trading on
May 5, 2020, after which time there will be no secondary market for
the funds’ shares.
Shareholders may recognize gain or loss for U.S. tax purposes as
a result of the liquidations. Nuveen does not provide tax advice;
investors should consult a professional tax advisor regarding their
specific tax situation.
In connection with the liquidation, the funds will accelerate
payment of their previously announced regular, quarterly
distributions. The following dates apply to the distributions
previously announced on April 2, 2020:
Record Date
April 15, 2020
Ex-Dividend Date
April 14, 2020
Payable Date
May 1, 2020
For more information, please visit Nuveen’s CEF homepage
www.nuveen.com/closed-end-funds.
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 31 December 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.
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