CHICAGO--(BUSINESS WIRE)--Nuveen Investments, today announced that the Board of Trustees of two of its closed-end funds has approved the funds’ ability to more broadly invest in US dollar-denominated non-U.S. securities. The two funds are the Nuveen Preferred and Income Term Fund (NYSE: JPI) and Nuveen Preferred Income Opportunities Fund (NYSE: JPC). The elimination of the funds’ existing 40 percent limit on non-U.S. securities reflects the evolution of the preferred securities market over time.
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 subsidiaries of Nuveen Investments, Inc. Fund 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 $220 billion as of September 30, 2015. For more information, please visit the Nuveen Investments website at www.nuveen.com.