Nuveen Credit Strategies Income Fund Announces Capital Return Plan
18 December 2018 - 8:30AM
Business Wire
The Nuveen Credit Strategies Income Fund (NYSE: JQC) announced
that the fund’s Board of Trustees at its December meeting approved
adoption of a capital return plan.
The plan is the latest in a series of actions undertaken with
the goal of enhancing fund competitiveness and investment returns
for current and prospective common shareholders. Under the plan,
JQC will return to shareholders 20 percent of common assets, or
approximately $240 million of its capital as of December 14, 2018,
over the next three years through supplemental amounts included in
the fund’s regular monthly distributions. Additional information on
the fund’s capital return plan is available here.
Pursuant to the plan, JQC is declaring its next monthly
distribution. The following dates and amounts apply to today's
monthly distribution declaration for JQC:
Record Date January 15, 2019 Ex-Dividend Date January
14, 2019 Payable Date February 1, 2019
Ticker
Exchange
Fund
Name
Ordinary
Income
Amount
Supplemental
Amount
Total
JQC NYSE Nuveen Credit Strategies Income Fund $0.0385
$0.0630 $0.1015
As of December 14, 2018, the total distribution of $0.1015 would
result in distribution rates of 14.1% and 16.4% on net asset value
and market value, respectively. Closed-end fund historical
distribution sources have included net investment income, realized
gains and return of capital.
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 $988 billion in assets under management as of
9/30/18 and operations in 16 countries. Its affiliates 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.
The information contained on the Nuveen website is not a part of
this press release.
Nuveen Securities, LLC, member FINRA and SIPC.
FORWARD LOOKING STATEMENTS
Certain statements made or referenced in this release may be
forward-looking statements. Actual future results or occurrences
may differ significantly from those anticipated in any
forward-looking statements due to numerous factors. These include,
but are not limited to:
- market developments;
- legal and regulatory developments;
and
- other additional risks and
uncertainties.
Nuveen and the closed-end funds managed by Nuveen and its
affiliates undertake no responsibility to update publicly or revise
any forward-looking statements.
693780-INV-O-12/20
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version on businesswire.com: https://www.businesswire.com/news/home/20181217005822/en/
Kristyna Munoz254-644-1615kristyna.munoz@nuveen.com
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