Nuveen Announces Completion of Multi-Asset Closed-End Fund Reorganizations
22 11월 2021 - 10:55PM
Business Wire
The reorganizations of Nuveen Diversified Dividend and Income
Fund (NYSE: JDD), Nuveen Tax-Advantaged Total Return Strategy Fund
(NYSE: JTA), and Nuveen Tax-Advantaged Dividend Growth Fund (NYSE:
JTD) into a new fund, Nuveen Multi-Asset Income Fund (NYSE: NMAI),
was successfully completed prior to the opening of the New York
Stock Exchange on November 22, 2021. The combined fund, NMAI, seeks
to provide total return through high current income and capital
appreciation, employing a dynamic multi-asset allocation strategy
that is designed to improve diversification and take into account
changing market conditions.
In the reorganizations, NMAI acquired substantially all of the
assets and liabilities of the acquired funds JDD, JTA, and JTD as
set forth above in tax-free transactions in exchange for
newly-issued common shares in an aggregate amount equal to the
value of the net assets transferred. The exchanges took place based
upon the acquired funds’ closing net asset values on November 19,
2021 and NMAI’s initial net asset value per common share of $20.
The exchange ratios at which common shares of each acquired fund
were exchanged for common shares of NMAI are listed below:
Ticker
Fund Name
Exchange Ratio
JDD
Nuveen Diversified Dividend and Income
Fund
0.58638500
JTA
Nuveen Tax-Advantaged Total Return
Strategy Fund
0.62830000
JTD
Nuveen Tax-Advantaged Dividend Growth
Fund
0.91062500
Nuveen is a leading sponsor of closed-end funds (CEFs) with $65
billion of assets under management across 62 CEFs as of September
30, 2021. 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 30 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 $1.2 trillion in assets under management as
of 30 September 2021 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.
EPS-1928999PR-E1121X
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version on businesswire.com: https://www.businesswire.com/news/home/20211122005868/en/
Financial Professionals: 800-752-8700 Investors: 800-257-8787
Media: media-inquiries@nuveen.com
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