Nuveen Closed-End Fund Reorganizations Complete
2021年4月12日 - 9:55PM
ビジネスワイヤ(英語)
The reorganization of Nuveen Maryland Quality Municipal Income
Fund (NYSE: NMY) into Nuveen Quality Municipal Income Fund (NYSE:
NAD) and the reorganization of Nuveen New York Municipal Value Fund
2 (NYSE: NYV) into Nuveen New York Municipal Value Fund (NYSE: NNY)
were completed prior to the open of the New York Stock Exchange on
April 12, 2021.
In the reorganization, NAD acquired substantially all of the
assets and liabilities of NMY in a tax-free transaction in exchange
for newly-issued common shares in an aggregate amount equal in
value to the net assets transferred. In the reorganization, NNY
acquired substantially all of the assets and liabilities of NYV in
a tax-free transaction in exchange for newly-issued common shares
in an aggregate amount equal in value to the net assets
transferred. NNY also completed a change of domicile reorganization
from a Minnesota corporation to a Massachusetts business trust. The
exchange was based upon the values of the funds’ net assets as of
the close of trading on April 9, 2021. The exchange ratio at which
common shares of NAD were issued in exchange for the net assets for
NMY and common shares of NNY were issued in exchange for net assets
of NYV is listed below:
Ticker
Fund Name
Exchange Ratio
NMY
Nuveen Maryland Quality Municipal Income
Fund
0.94181513
NYV
Nuveen New York Municipal Value Fund 2
1.55145189
For more information about the shareholder-approved
reorganizations, please visit Nuveen’s CEF homepage
www.nuveen.com/closed-end-funds.
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 31 Dec 2020 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-1598028PR-E0421X
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Nuveen New York Municipa... (NYSE:NYV)
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Nuveen New York Municipa... (NYSE:NYV)
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から 12 2023 まで 12 2024
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