Nuveen Commodity Funds Renew Share Repurchase Program
07 March 2014 - 9:43AM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced the Nuveen Long/Short Commodity Total Return Fund (NYSE
MKT: CTF) and the Nuveen Diversified Commodity Fund (NYSE MKT: CFD)
have each renewed their open-market share repurchase programs.
Effective immediately, both funds may repurchase an aggregate of up
to 10 percent of their outstanding common shares (approximately
1,775,000 and 920,000 shares for CTF and CFD, respectively) in
open-market transactions at the discretion of the funds’ manager,
Nuveen Commodities Asset Management, LLC.
CTF and CFD initially adopted their share repurchase programs in
March 2013 and December 2011, respectively. Since March 2013, CTF
repurchased 1,045,000 shares, representing approximately 56 percent
of the program’s originally authorized amount. Since December 2011,
CFD repurchased 60,100 shares, representing approximately 7 percent
of the program’s originally authorized amount.
For more information about the funds, including a more complete
description of their investment strategies and risks, please see
www.nuveen.com/CommodityInvestments.
An investment in the funds’ shares is subject to investment
risk, including the possible loss of the entire amount invested.
The funds invest primarily in commodity futures contracts and
options on commodity futures contracts, which have a high degree of
price variability and are subject to rapid and substantial price
changes. The funds could incur significant losses on their
commodity investments. The funds are commodity pools; they are not
mutual funds, closed-end funds, or any other type of “investment
company” within the meaning of the Investment Company Act of 1940,
as amended, and are not subject to regulation thereunder.
This press release is not a solicitation to buy or sell fund
shares. The funds do not presently offer any new shares for sale;
existing shares trade on the NYSE MKT.
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 subsidiaries of Nuveen
Investments, Inc. In total, Nuveen Investments managed
approximately $215 billion as of September 30, 2013. For more
information, please visit the Nuveen Investments website at
www.nuveen.com.
Nuveen InvestmentsMedia Contact:Kristyna Munoz, (312)
917-8343kristyna.munoz@nuveen.com
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