The Nuveen Floating Rate Income Fund (NYSE: JFR) has filed with the Securities and Exchange Commission a notice of intention to redeem all of the outstanding Series 2019 Term Preferred Shares. The Series 2019 Term Preferred Share redemption price will be the $1,000 liquidation preference per share, plus an additional amount representing the final accumulated distribution amounts owed. The Fund expects to finance the Series 2019 Term Preferred Share redemption with borrowings from a credit facility and the redemption is contingent upon the completion of all aspects of such credit facility financing by the Fund, which may not occur as planned. Official notification of the redemption will be delivered to Series 2019 Term Preferred Share shareholders at a later date through The Depository Trust Company (DTC).
The anticipated date of redemption of the outstanding Series 2019 Term Preferred Shares are as follows:
|Fund & Common Share Symbol|
|Nuveen Floating Rate Income Fund (NYSE: JFR)||10,200||67072TAA6||11/21/2018|
The address of the redemption and paying agent, Computershare Inc., is as follows: 250 Royall Street, Canton, Massachusetts 02021.
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 $973 billion in assets under management as of 6/30/18 and operations in 16 countries. Its affiliates 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 credit facility financing identified in this press release;
- legal and regulatory developments; and
- other additional risks and uncertainties.
Nuveen and the closed-end funds managed by Nuveen and its affiliates undertake no responsibility to update publicly or revise any forward-looking statements.