Nuveen Closed-End Fund Announces Preliminary Results of Tender Offer
2015年12月2日 - 11:00PM
ビジネスワイヤ(英語)
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced the preliminary results of the tender offer conducted by
Diversified Real Asset Income Fund (NYSE: DRA).
As previously announced, the fund conducted a tender offer for
up to 10 percent of its outstanding common shares for cash at a
price per share equal to 99 percent of the net asset value per
share determined on the expiration date. The fund’s tender offer,
which expired at 5:00 p.m. Eastern time on Tuesday, December 1,
2015, was oversubscribed. Due to the fact that the number of shares
tendered exceeded the number of shares the fund offered for
purchase, the fund will purchase the maximum percentage of its
respective outstanding common shares on a pro-rata basis in
accordance with the number of shares duly tendered by each
shareholder and the terms of the offer to purchase.
Based on preliminary information, 10,909,661 shares were
tendered, representing approximately 53.9 percent of the fund’s
common shares outstanding.
These figures do not include shares tendered through notice of
guaranteed delivery. The fund currently expects to announce the
final results of the tender offer on Tuesday, December 8, 2015.
Nuveen Investments provides high-quality investment services
designed to help secure the long-term goals of institutional and
individual investors as well as the consultants and financial
advisors who serve them. Nuveen Investments markets a wide range of
specialized investment solutions which provide investors access to
capabilities of its high-quality boutique investment
affiliates—Nuveen Asset Management, LLC, Symphony Asset Management
LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset
Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital
Management, LLC and Gresham Investment Management LLC, all of which
are registered investment advisers and independent investment
subsidiaries of Nuveen Investments, Inc. Funds distributed by
Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc.
Nuveen Investments operates as a separate subsidiary within
TIAA-CREF, which is a leading provider of retirement and financial
services in the academic, research, medical and cultural fields. In
total, Nuveen Investments managed approximately $220 billion as of
September 30, 2015. For more information, please visit the Nuveen
Investments website at www.nuveen.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20151202005252/en/
Nuveen InvestmentsMedia Contact:Kristyna Munoz,
(312) 917-8343kristyna.munoz@nuveen.com
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