Nuveen Preferred Securities Closed-End Funds Announce Proposed Merger
The Boards of Trustees of Nuveen Preferred Securities & Income Opportunities Fund (
NYSE: JPI) and Nuveen Preferred & Income Opportunities Fund (
NYSE: JPC) have approved a proposal to merge the funds. The proposed merger, if approved by shareholders, would combine JPI into JPC. The merger is intended to create a larger fund with lower net operating expenses and increased trading volume on the exchange for common shares.
Nuveen Preferred and Income Term Fund Announces Preliminary Results of Tender Offer
Nuveen Preferred and Income Term Fund (
NYSE: JPI) announced the preliminary results of a tender offer.
Nuveen Preferred and Income Term Fund Announces Result of Shareholder Meeting and Commencement of Tender Offer
Shareholders of Nuveen Preferred and Income Term Fund (
NYSE: JPI) have approved a proposal to amend the fund’s declaration of trust to eliminate the fund’s term structure, subject to the completion of a tender offer. The amendment will allow shareholders the opportunity to maintain their investment in JPI and its leveraged exposure to preferred and other income producing securities in lieu of the fund’s scheduled termination.
Nuveen Preferred and Income Term Fund Announces Shareholder Proposal
The Board of Trustees of Nuveen Preferred and Income Term Fund (
NYSE: JPI) has approved a proposal that will allow shareholders of the fund the opportunity to maintain their investment in the fund and its leveraged exposure to preferred and other income producing securities.
