Nuveen to Propose Closed-End Fund Reorganization
17 May 2016 - 9:30AM
Business Wire
Nuveen Investments, an operating division of TIAA Global Asset
Management, today announced that it intends to propose a plan of
reorganization to the Board of the Nuveen Global Equity Income Fund
(JGV).
Nuveen recently announced a plan to accelerate the growth of its
global product platform at NWQ Investment Management Company.
Assuming necessary Fund Board and shareholder approvals are
received, this plan would consolidate a number of existing global
equity funds currently managed by Tradewinds Global Investors into
funds managed by NWQ Investment Management Company, including that
of JGV.
Under the proposed reorganization plan, JGV would be reorganized
into the open-end Nuveen NWQ Global Equity Income Fund, reflecting
differing approaches between JGV’s current mandate and NWQ’s global
equity income mandate. JGV shareholders would receive Class A
shares of the NWQ fund in the reorganization. Nuveen expects to
make this proposal at the Board’s upcoming meeting in late May. If
approved by the Fund’s Board, the proposed reorganization is
subject to shareholder approval at the fund’s annual meeting to be
held this fall.
Nuveen provides investment solutions designed to help secure the
long-term goals of individual investors and the financial advisors
who serve them. Through the expertise and capabilities of TIAA
Global Asset Management’s high-caliber investment managers, Nuveen
is committed to providing world-class consultative services and
advice that align with client needs. Funds distributed by Nuveen
Securities, LLC, a subsidiary of Nuveen Investments, Inc. Nuveen
Investments is an operating division of TIAA Global Asset
Management. For more information, please visit the Nuveen
Investments website at www.nuveen.com.
There are risks inherent in any investment, including the
possible loss of principal. There can be no assurance that fund
objectives will be achieved.
NOT FDIC INSURED * MAY LOSE VALUE * NO BANK
GUARANTEE
16342-INV-O-05/18
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Nuveen InvestmentsMedia Contact:Kathleen Cardoza(312)
917-7813kathleen.cardoza@nuveen.com
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