-

Nuveen Credit Opportunities 2022 Target Term Fund Declares Special Distribution

NEW YORK--(BUSINESS WIRE)--Nuveen today announced that the Nuveen Credit Opportunities 2022 Target Term Fund (NYSE: JCO) declared a special income distribution.

The following dates apply to today’s special distribution declaration:

Record Date May 25, 2022
Ex-Dividend Date May 24, 2022
Payable Date May 31, 2022

Ticker

Exchange

Fund Name

Special Per Share
Income
Distribution

JCO

NYSE

Nuveen Credit Opportunities 2022 Target Term Fund

$0.0713

As previously announced, consistent with its investment objectives and organizational documents, the fund plans to terminate its existence and liquidate on or about June 1, 2022. As the fund approaches liquidation, its common shares will continue trading on the New York Stock Exchange through May 25, 2022 and will be suspended from trading before the open of trading on May 26, 2022.

The current net asset value (NAV) of the fund as of the close of business on May 11, 2022 was $8.03. The fund’s NAV will be reduced by the amount of the distribution declared today on the Ex-Dividend Date.

The special distribution declared today, together with the fund’s final liquidating distribution, should be considered as part of the fund’s objective to return the original $9.85 net asset value of the fund (Original NAV) on or about June 1, 2022.

As previously announced, due to market conditions, JCO does not anticipate returning the Original NAV at its termination. The investment objective relating to Original NAV is not a guarantee and is dependent on a number of factors including the extent of market recovery and the cumulative level of income retained in relation to cumulative portfolio gains net of losses.

Nuveen is a leading sponsor of closed-end funds (CEFs) with $62 billion of assets under management across 58 CEFs as of 31 Mar 2022. The funds offer exposure to a broad range of asset classes and are designed for income-focused investors seeking regular distributions. Nuveen has more than 30 years of experience managing CEFs.

For more information, please visit Nuveen’s CEF homepage www.nuveen.com/closed-end-funds or contact:

Financial Professionals:
800-752-8700
Investors:
800-257-8787

Media:
media-inquiries@nuveen.com

About Nuveen

Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.2 trillion in assets under management as of 31 Mar 2022 and operations in 27 countries. Its investment specialists 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.

FORWARD-LOOKING STATEMENTS

Certain statements made or referenced in this release may be 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, including the timing of distributions and other events identified in this press release;
  • legal and regulatory developments; and
  • other additional risks and uncertainties.

EPS-2188775PR-E0522X

Contacts

Financial Professionals:
800-752-8700

Investors:
800-257-8787

Media:
media-inquiries@nuveen.com

Nuveen

NYSE:JCO

Release Versions

Contacts

Financial Professionals:
800-752-8700

Investors:
800-257-8787

Media:
media-inquiries@nuveen.com

More News From Nuveen

Two Nuveen Closed-End Funds Announce Name Changes

CHICAGO--(BUSINESS WIRE)--The Board of Trustees of two Nuveen closed-end funds has approved fund name changes. Nuveen New York Municipal Value Fund (NYSE: NNY) will be renamed Nuveen New York Municipal Income Fund, and Nuveen California Municipal Value Fund (NYSE: NCA) will be renamed Nuveen California Municipal Income Fund. The name changes will not alter the investment approach, investment objectives or policies of either fund. The name changes are expected to go into effect on October 30, 20...

Two Nuveen Closed-End Funds Announce New Investment Policies

CHICAGO--(BUSINESS WIRE)--The Board of Directors of Nuveen Municipal Value Fund, Inc. (NYSE: NUV) and the Board of Trustees of Nuveen AMT-Free Municipal Value Fund (NYSE: NUW) has approved new investment policies for each fund. The changes will not alter the investment approach or investment objectives of either fund.The new investment policies are expected to go into effect on October 30, 2026.New 80% Investment PolicyUnder normal circumstances, each Fund will invest at least 80% of its Assets...

Nuveen Municipal Credit Opportunities Fund Announces Preliminary Results of Rights Offering

CHICAGO--(BUSINESS WIRE)--Nuveen Municipal Credit Opportunities Fund (NYSE: NMCO) (the “Fund”) today announced the preliminary results of its transferable rights offering (the “Offer”) which expired at 5:00 p.m., Eastern time, on October 7, 2026 (the “Expiration Date”). The Offer entitled the rights holders to subscribe for additional common shares of the Fund (“Common Shares”). The Offer is expected to result in the issuance of approximately 13.7 million Common Shares (including notices of gua...
Back to Newsroom