Nuveen Corporate Income November 2021 Target Term Fund Announces Termination and Liquidation
2021年11月3日 - 12:24AM
ビジネスワイヤ（英語）
The Nuveen Corporate Income November 2021 Target Term Fund
(NYSE: JHB) completed its termination and liquidation following the
close of business on November 1, 2021. The termination and
liquidation was performed in accordance with the Fund’s investment
objectives and organizational documents, consistent with the fund’s
previously announced liquidation plans.
The Nuveen Corporate Income November 2021 Target Term Fund
(formerly known as Nuveen High Income November 2021 Target Term
Fund) launched on August 23, 2016 as a short duration strategy that
invested primarily in high yield corporate debt, with two
investment objectives, to provide high current income and return
the original net asset value (NAV) of $9.85 per common share upon
termination on or about November 1, 2021. The investment objective
relating to Original NAV was not a guarantee. In June 2020, the
fund’s Board of Trustees approved the change in the fund’s name and
its investment policy associated with its name. Specifically, the
fund’s policy to invest primarily in securities rated below
investment grade was eliminated and the fund’s mandate was expanded
to cover all corporate debt securities.
As previously announced, due to recent market conditions, JHB
did not return the Original NAV at its termination. The fund is
returning to shareholders an extended NAV of $9.4061 per common
share as its liquidating distribution. Over its five year term, the
fund paid 60 monthly distributions and one long-term capital gain
distribution totaling $2.3789 per share, which equates to an
average distribution rate of 4.65% on NAV and 4.58% on market. The
annualized total return on NAV for shareholders who invested at the
initial public offering was 3.83% and the market price total return
was 3.59%
Shareholders may recognize gain or loss for U.S. tax purposes as
a result of the liquidation. Nuveen does not provide tax advice;
investors should consult a professional tax advisor regarding their
specific tax situation.
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-1895946PR-E1121X
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version on businesswire.com: https://www.businesswire.com/news/home/20211102005966/en/
Financial Professionals: 800-752-8700
Investors: 800-257-8787
Media: media-inquiries@nuveen.com
Nuveen Corporate Income ... (NYSE:JHB)
過去 株価チャート
から 11 2024 まで 12 2024
Nuveen Corporate Income ... (NYSE:JHB)
過去 株価チャート
から 12 2023 まで 12 2024
