Nuveen Closed-End Funds Declare Pre-Reorganization Distributions
05 February 2020 - 8:30AM
Business Wire
Nuveen Quality Municipal Income Fund (NYSE: NAD) and Nuveen
Texas Quality Municipal Income Fund (NYSE: NTX) announced
pre-reorganization distributions. The specific distribution dates
and amounts are detailed below. As previously announced, the
shareholders of NTX approved the fund’s reorganization into
NAD.
Following the transaction, the surviving fund, NAD, is expected
to declare an additional post-closing distribution, with a record
date of February 26, 2020, payable March 2, 2020. For each fund,
the total per-common share dollar amount of the pre- and
post-closing tax-exempt distributions received on March 2, 2020
will be equal to or greater than the per-common share dollar amount
of the prior month’s tax-exempt dividend.
The following dates apply to today's pre-reorganization
distribution declarations:
Record Date
February 14, 2020
Ex-Dividend Date
February 13, 2020
Payable Date
March 2, 2020
Per Share Distribution
Ticker
Exchange
Fund Name
Tax-Exempt
Income
Ordinary Income
NAD
NYSE
Nuveen Quality Municipal Income Fund
$.0308
-
NTX
NYSE
Nuveen Texas Quality Municipal Income
Fund
$.0222
-
For more information about UNII, each fund and the
shareholder-approved reorganization, please visit
www.nuveen.com/CEF.
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.
FORWARD LOOKING STATEMENTS
Certain statements made in this release are 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 statement.
EPS-1080133PR-E0220
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200204006013/en/
Advisors: 800-752-8700 Investors: 800-257-8787 Media:
media-inquiries@nuveen.com
Nuveen Texas Quality Mun... (NYSE:NTX)
Historical Stock Chart
From Oct 2024 to Nov 2024
Nuveen Texas Quality Mun... (NYSE:NTX)
Historical Stock Chart
From Nov 2023 to Nov 2024