Nuveen MLP Closed-End Funds Announce Update
11 March 2020 - 11:00PM
Business Wire
Recent market conditions, including the sharp sell-off of energy
and energy-related securities, have led management to take certain
actions impacting Nuveen Energy MLP Total Return Fund (NYSE: JMF)
and Nuveen All Cap Energy MLP Opportunities Fund (NYSE: JMLP).
Specifically, both funds are paying down a portion of their
borrowings to reduce leverage ratios that have become elevated,
especially in recent days, as a result of the sharp decline in
value of portfolio holdings. In the coming weeks and months,
management and the Funds’ Board of Directors will evaluate the
impact of these recent market events, portfolio actions, and the
reduction of leverage, on the funds, including the distribution
level of each fund.
For more information, 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 $1.1 trillion in assets under management as
of 31 December 2019 and operations in 24 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.
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