Nuveen Announces Merger for New York Municipal Closed-End Funds
19 May 2015 - 6:30AM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced that shareholders of three New York municipal closed-end
funds approved a merger. The merger is intended to create a larger
fund with lower operating expenses and increased trading volume for
common shares on the exchange.
In connection with the shareholder approval, the funds will be
merged as follows:
Acquired Fund Symbol
Acquiring Fund Symbol
Nuveen New York Performance Plus
NNP
Municipal Fund, Inc.
Nuveen New York Dividend
NAN
Advantage Municipal Fund
Nuveen New York Dividend Advantage
NXK
Municipal Fund 2
More information on these and other Nuveen closed-end funds is
posted on Nuveen’s web site at www.nuveen.com/cef.
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 $233 billion as of
March 31, 2015. For more information, please visit the Nuveen
Investments website at www.nuveen.com.
8128-INV-O-05/16
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version on businesswire.com: http://www.businesswire.com/news/home/20150518006319/en/
Nuveen InvestmentsMedia Contact:Kristyna Munoz,
312-917-8343kristyna.munoz@nuveen.com
Nuveen New York Dividend Advantage Municipal Fund 2 Share of Beneficial Interest (delisted) (AMEX:NXK)
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