Nuveen Preferred and Income Term Fund Announces Result of Shareholder Meeting and Commencement of Tender Offer
Nuveen Preferred Securities & Income Opportunities Fund Common Shares (JPI)
US:NYSE Investor Relations:
nuveen.com/home/corporate/media/pressroom.aspx
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Shareholders of Nuveen Preferred and Income Term Fund (NYSE: JPI) have approved a proposal to amend the fund’s declaration of trust to eliminate the fund’s term structure, subject to the completion of a tender offer. The amendment will allow shareholders the opportunity to maintain their investment in JPI and its leveraged exposure to preferred and other income producing securities in lieu of the fund’s scheduled termination.JPI today commenced its tender offer, which will allow shareholders to offer up to 100% of their common shares for repurchase for cash at a price per share equal to 100% of the net asset value per share as of the close of ordinary trading on the New York Stock Exchange on the expiration date of the tender offer. The tender offer expires on August 14, 2024 at 5:00 p.m. Eastern time, or on such later date to which the offer is extended.The completion of the fund’s tender offer is subject to certain conditions, including that the aggreg
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Sec Filings
- 9/25/24 - Form NPORT-P
- 8/29/24 - Form N-PX
- 8/20/24 - Form SC
- JPI's page on the SEC website