CHICAGO--(BUSINESS WIRE)--The Nuveen Preferred and Income 2022 Term Fund (NYSE: JPT) has declared its first monthly distribution in the amount of $.1275 per share. The fund began trading on the New York Stock Exchange (NYSE) on January 27, 2017. This first distribution reflects an annualized distribution rate of 6.12% percent based on the fund’s $25.00 per share IPO price. The new closed-end fund’s investment objective is to provide a high level of current income and total return. The fund will seek to achieve its investment objective by investing primarily in preferred securities and other income producing securities.
The following dates apply to today's distribution declaration:
|Record Date: March 15, 2017|
|Ex-Dividend Date: March 13, 2017|
|Payable Date: April 3, 2017|
|Reinvest Date: April 3, 2017|
Initial Distribution Per Share
|JPT||Nuveen Preferred and Income 2022 Term Fund||$.1275|
For more general closed-end fund information and education, please visit Nuveen’s closed-end fund website.
Nuveen provides investment solutions designed to help secure the long-term goals of individual investors and the advisors who serve them. Through the investment expertise of leading asset managers across traditional and alternative asset classes, Nuveen is committed to delivering consultative guidance that aligns with client needs. Securities offered through Nuveen Securities, LLC, Member FINRA and SIPC. Nuveen is an operating division of TIAA Global Asset Management. For more information, please visit the Nuveen website at www.nuveen.com.
Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the fund carefully before investing. For a prospectus which contains this and other information relevant to an investment in the fund, please contact your securities representative or Nuveen Securities, LLC, 333 W. Wacker Drive, Chicago, IL 60606. Investors should read the prospectus carefully before they invest or send money.
This document is not an offer to sell securities and is not soliciting an offer to buy securities in any jurisdiction where the offer or sale is not permitted.
The information contained on the Nuveen website is not a part of this press release.