CHICAGO--(BUSINESS WIRE)--Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that Diversified Real Asset Income Fund (NYSE: DRA), has declared an approximately 5 percent increase to its monthly distribution. The increase is the third since the fund began repositioning its portfolio on September 8, 2014 to reflect its expanded mandate. The fund seeks to offer investors a high level of current income and capital appreciation by investing in securities and other instruments that provide investment exposure to real assets, with a focus on infrastructure and real estate companies’ securities.
Key distribution information:
|Record Date:||June 15, 2015|
|Ex-Dividend Date:||June 11, 2015|
|Payable Date:||July 1, 2015|
|Reinvest Date:||July 1, 2015|
|Per Share||Prior Distribution|
|DRA||Diversified Real Asset Income Fund||$0.1390||$0.0065|
As of the market close on May 29, 2015, the fund’s new distribution rate represents an annualized yield of 8.32 percent on net asset value and 9.31 percent on market price. Additional information on DRA's earnings and UNII.
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 managed approximately $233 billion as of March 31, 2015. For more information, please visit the Nuveen Investments website at www.nuveen.com.