CHICAGO--(BUSINESS WIRE)--The reorganization of the Diversified Real Asset Income Fund (NYSE: DRA) into the Nuveen Real Asset Income and Growth Fund (NYSE: JRI) was completed prior to the open of the New York Stock Exchange on September 11, 2017.
As previously announced, the funds have been reorganized as follows:
| Acquired Fund | Symbol | Acquiring Fund | Symbol | ||||||
| Diversified Real Asset Income Fund | DRA | Nuveen Real Asset Income and Growth Fund | JRI | ||||||
In the reorganization, JRI acquired substantially all of the assets and liabilities of DRA in a tax-free transaction in exchange for an equal aggregate value of newly-issued common shares of JRI. The exchange took place based upon the funds’ closing net asset values on September 8, 2017. The exchange ratio at which common shares of DRA were exchanged for common shares of JRI is listed below:
| Fund | Exchange Ratio | ||
| Diversified Real Asset Income Fund | 1.00249699 | ||
About Nuveen
Nuveen offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. As the investment management arm of TIAA, Nuveen has $929 billion in assets under management as of 6/30/17 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.
Nuveen Securities, LLC, member FINRA and SIPC.
The information contained on the Nuveen website is not a part of this press release.
256741-INV-O-09/19
