CHICAGO--(BUSINESS WIRE)--Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that Nuveen Short Duration Credit Opportunities Fund (NYSE: JSD) has issued Term Preferred Shares through an offering registered with the U.S. Securities and Exchange Commission.
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Details of the Term Preferred Shares issuance are as follows: |
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| Common | Term Preferred | Term | ||||||||||
| Share | Shares Issuance | Number of Term | Redemption | |||||||||
| Fund | Ticker | Amount ($mm) | Preferred Shares | Date | ||||||||
| Nuveen Short Duration Credit | ||||||||||||
| Opportunities Fund | JSD | $35.000 | 35,000 | Nov 1, 2020 | ||||||||
The proceeds from the issuance will be used to permit the fund to repay a portion of its outstanding indebtedness, invest in additional securities in accordance with its investment objectives and policies and to pay costs associated with the offering.
The Term Preferred Shares will pay a dividend rate that will adjust based upon a pre-determined schedule. Term Preferred Shares are preferred securities of the fund and are senior, with priority in all respects, to the fund’s common shares in liquidation and as to payments of dividends. This press release is neither an offer to sell nor a solicitation of an offer to buy any of these securities.
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 and its affiliates managed approximately $220 billion as of September 30, 2015. For more information, please visit the Nuveen Investments website at www.nuveen.com.
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.
12067-INV-Y-11/16
