Post by Admin/YBB on Oct 17, 2023 10:24:36 GMT -6
See a previous post on "Newer CEFs & Older CEFs" in the Funds (Series),
ybbpersonalfinance.proboards.com/post/436/thread
Nuveen CEFs with Term-Structures (As of 10/17/23)
NDMO (Tentative 10/1/31 +2 + small CEF; inv-gr/HY NZF cousin; AMT-free NVG) www.nuveen.com/en-us/closed-end-funds/ndmo-nuveen-dynamic-municipal-opportunities-fund
NMCO (Tentative 10/1/31 +2 + small CEF; HY NMZ cousin) www.nuveen.com/en-us/closed-end-funds/nmco-nuveen-municipal-credit-opportunities-fund
ESG
NPCT (Tentative 5/2/33 +2 + small CEF; Core-Plus Impact/ESG) www.nuveen.com/en-us/closed-end-funds/npct-nuveen-core-plus-impact-fund
Preferreds
JPI (Tentative 8/31/24 +1 +more; old term structure) www.nuveen.com/en-us/closed-end-funds/jpi-nuveen-preferred-and-income-term-fund
NPFD (Tentative 2/1/34 +2 + small CEF; Variable-Rate) www.nuveen.com/en-us/closed-end-funds/npfd-nuveen-variable-rate-preferred-and-income-fund
Only JPI has the old term structure. All the others have the new term-structures.
New Term Structures. 2 1-yr extensions. A tender offer before original termination date is also allowed, and upon a successful completion of that tender offer, a smaller CEF may continue perpetually.
Old Term-Structures. 1-yr extension by trustees; further extension only by shareholder vote. No tender/redemption offer.
More details about the related prospectus languages are in the following PDF Host Link and Attachment.
PDF Host pdfhost.io/v/2jzQ9h6C5_Nuveen_CEFs_TermStructures_Public_101723
PB Attachment Nuveen_CEFs_TermStructures_Public_101723.pdf (125.55 KB)
ybbpersonalfinance.proboards.com/post/436/thread
Nuveen CEFs with Term-Structures (As of 10/17/23)
NDMO (Tentative 10/1/31 +2 + small CEF; inv-gr/HY NZF cousin; AMT-free NVG) www.nuveen.com/en-us/closed-end-funds/ndmo-nuveen-dynamic-municipal-opportunities-fund
NMCO (Tentative 10/1/31 +2 + small CEF; HY NMZ cousin) www.nuveen.com/en-us/closed-end-funds/nmco-nuveen-municipal-credit-opportunities-fund
ESG
NPCT (Tentative 5/2/33 +2 + small CEF; Core-Plus Impact/ESG) www.nuveen.com/en-us/closed-end-funds/npct-nuveen-core-plus-impact-fund
Preferreds
JPI (Tentative 8/31/24 +1 +more; old term structure) www.nuveen.com/en-us/closed-end-funds/jpi-nuveen-preferred-and-income-term-fund
NPFD (Tentative 2/1/34 +2 + small CEF; Variable-Rate) www.nuveen.com/en-us/closed-end-funds/npfd-nuveen-variable-rate-preferred-and-income-fund
Only JPI has the old term structure. All the others have the new term-structures.
New Term Structures. 2 1-yr extensions. A tender offer before original termination date is also allowed, and upon a successful completion of that tender offer, a smaller CEF may continue perpetually.
Old Term-Structures. 1-yr extension by trustees; further extension only by shareholder vote. No tender/redemption offer.
More details about the related prospectus languages are in the following PDF Host Link and Attachment.
PDF Host pdfhost.io/v/2jzQ9h6C5_Nuveen_CEFs_TermStructures_Public_101723
PB Attachment Nuveen_CEFs_TermStructures_Public_101723.pdf (125.55 KB)