Nuveen

Ørsted brings in Glennmont Partners as a 50% shareholder of Borkum Riffgrund 3 Offshore Wind Farm

Tuesday, October 19, 2021 - 6:07pm

Today, rsted has signed an agreement with Glennmont Partners ('Glennmont'), who will be acquiring a 50 % ownership sharein rsted's 900 MW German offshore wind farm Borkum Riffgrund 3.

Key Points: 
  • Today, rsted has signed an agreement with Glennmont Partners ('Glennmont'), who will be acquiring a 50 % ownership sharein rsted's 900 MW German offshore wind farm Borkum Riffgrund 3.
  • Glennmont has structured its investment into Borkum Riffgrund 3 to meet the needs of its institutional investors including Nuveen's parent, TIAA.
  • Borkum Riffgrund 3 will have a total export capacity of 900 MW and will be located in the German North Sea close to rsted's existing offshore wind farms Borkum Riffgrund 1 and Borkum Riffgrund 2.
  • The power from Borkum Riffgrund 3 will be generated by 11 MW, 200 m offshore wind turbines from Siemens Gamesa.

Nuveen Multi-Asset Funds Announce Shareholder Approval of Reorganization Proposal

Thursday, October 14, 2021 - 9:15pm

Shareholders of Nuveen Diversified Dividend and Income Fund (NYSE: JDD), Nuveen Tax-Advantaged Total Return Strategy Fund (NYSE: JTA) and Nuveen Tax-Advantaged Dividend Growth Fund (NYSE: JTD) have approved a proposal to reorganize the funds.

Key Points: 
  • Shareholders of Nuveen Diversified Dividend and Income Fund (NYSE: JDD), Nuveen Tax-Advantaged Total Return Strategy Fund (NYSE: JTA) and Nuveen Tax-Advantaged Dividend Growth Fund (NYSE: JTD) have approved a proposal to reorganize the funds.
  • The funds are anticipated to begin transitioning their portfolio prior to the reorganization, with additional portfolio transition occurring after the reorganization is complete.
  • Nuveen is a leading sponsor of closed-end funds (CEFs) with $65 billion of assets under management across 62 CEFs as of 30 June 2021.
  • Nuveen and the closed-end funds sponsored by Nuveen undertake no responsibility to update publicly or revise any forward-looking statements.

Financial Services Marketing Veteran Kimberly Beck Joins iPipeline

Thursday, October 14, 2021 - 1:38pm

EXTON, Pa., Oct. 14, 2021 /PRNewswire/ -- iPipelineannounced today that Kimberly Beck has joined the firm as Vice President of Marketing.

Key Points: 
  • EXTON, Pa., Oct. 14, 2021 /PRNewswire/ -- iPipelineannounced today that Kimberly Beck has joined the firm as Vice President of Marketing.
  • Beck has nearly 25 years of experience in financial services marketing, and in her new role will focus on strengthening growth marketing capabilities while leading all aspects of marketing, including digital, product, customer engagement and corporate communications.
  • "iPipeline is a pioneer in facilitating end-to-end digitization for the life insurance industry," said Kimberly Beck, Vice President of Marketing at iPipeline.
  • iPipeline is a leading provider of no code / low code, content-based digital solutions for the life insurance and financial services industry.

Institute for Portfolio Alternatives Elects New Board Members for 2022

Monday, October 4, 2021 - 2:00pm

WASHINGTON, Oct. 4, 2021 /PRNewswire/ -- The Institute for Portfolio Alternatives (IPA) elected 10 new directors at its recentIPAVisionconference inChicago.

Key Points: 
  • WASHINGTON, Oct. 4, 2021 /PRNewswire/ -- The Institute for Portfolio Alternatives (IPA) elected 10 new directors at its recentIPAVisionconference inChicago.
  • TheIPA Board of Directors consists of senior executiveleadersfrom all corners of the portfolio diversifying investments industry, each elected to a three-yearterm effective January 1, 2022.
  • In addition to naming 10 new directors, the Board of Directors also elected Matt Fries, Head of Due Diligence, Cetera Financial,as chair-elect for 2022.
  • New and existing directors will be led by Anne-Marie Vandenberg, president, chief operating officer and portfolio manager of DWS' RREEF Property Trust, who the Board elected as the incomingchair.

Seven Nuveen Closed-End Funds Announce Availability of 19(a) Notices

Thursday, September 30, 2021 - 9:42pm

The 19(a) distribution notices for seven Nuveen closed-end funds are now available.

Key Points: 
  • The 19(a) distribution notices for seven Nuveen closed-end funds are now available.
  • These informational notices provide further details on the sources of the funds regular monthly or quarterly distributions and follows the most recent monthly and quarterly distribution announcements.
  • The full text of these notices is available below or on the Nuveen website via Distribution Source Estimates .
  • The following table provides estimates of the Funds distribution sources, reflecting year-to-date cumulative experience through the month-end prior to the latest distribution.

Capital Link 20th Annual Closed-End Funds & Global ETFs Forum

Thursday, September 30, 2021 - 8:17pm

NEW YORK, Sept. 30, 2021 (GLOBE NEWSWIRE) -- Capital Link’s 20th Annual Closed-Ends Funds & Global ETFs Forum will take place on October 5, 2021, as a digital event.

Key Points: 
  • NEW YORK, Sept. 30, 2021 (GLOBE NEWSWIRE) -- Capital Links 20th Annual Closed-Ends Funds & Global ETFs Forum will take place on October 5, 2021, as a digital event.
  • To register please click on the link below or copy and paste it in your browser:
    The event has been approved for 6 CFP CE Credits.
  • With a 20-year track record, Capital Links Annual Closed-End Funds & Global ETFs Forum is the longest running investment forum with significant branding and recognition in the industry.
  • It updates the broader investment community on the latest trends, developments and investment strategies using Closed-End Funds, MLPs, BDCs, and Exchange Traded Funds.

Nuveen Preferred and Income 2022 Term Fund Announces Shareholder Proposal

Monday, September 20, 2021 - 9:45pm

The Board of Trustees of Nuveen Preferred and Income 2022 Term Fund (NYSE: JPT) has approved a proposal that will allow shareholders the opportunity to maintain their investment in the fund and its exposure to preferred securities.

Key Points: 
  • The Board of Trustees of Nuveen Preferred and Income 2022 Term Fund (NYSE: JPT) has approved a proposal that will allow shareholders the opportunity to maintain their investment in the fund and its exposure to preferred securities.
  • In light of the upcoming scheduled termination of the fund on or before March 1, 2022, the proposal asks shareholders to vote to amend the funds declaration of trust to eliminate the term structure.
  • As part of the proposal, if the funds term structure is eliminated, the funds name will change to Nuveen Preferred and Income Fund and the funds common shares will continue to trade on the New York Stock Exchange under the current ticker symbol.
  • Nuveen also intends to waive 50% of its net management fees over the first year following elimination of the term, which will further enhance the net earnings of the fund.

Nuveen Corporate Income November 2021 Target Term Fund Announces Liquidation Details

Monday, September 20, 2021 - 9:30pm

The Nuveen Corporate Income November 2021 Target Term Fund (NYSE: JHB) today announced new details concerning its liquidation.

Key Points: 
  • The Nuveen Corporate Income November 2021 Target Term Fund (NYSE: JHB) today announced new details concerning its liquidation.
  • Consistent with its investment objectives and organizational documents, the fund plans to terminate its existence and liquidate on or about 1 November 2021.
  • The fund anticipates making its final liquidating distribution on or about 1 November 2021.
  • Nuveen and the closed-end funds managed by Nuveen and its affiliates undertake no responsibility to update publicly or revise any forward-looking statement.

Nuveen Credit Strategies Income Fund Announces Adoption of Level Distribution Policy

Monday, September 20, 2021 - 9:10pm

In addition, in any monthly period, in order to maintain its level distribution amount, the Fund may pay out more than its net investment income during the period.

Key Points: 
  • In addition, in any monthly period, in order to maintain its level distribution amount, the Fund may pay out more than its net investment income during the period.
  • As a result, distribution sources can be expected to include net investment income, return of capital, and potentially capital gains.
  • If a Funds distribution includes anything other than net investment income, the Fund will provide a notice of its best estimate of the distribution sources at that time, which may be viewed at www.nuveen.com/CEFdistributions .
  • You should not draw any conclusions about the Funds investment performance from the amount of the distribution or from the terms of the level distribution policy.

Nuveen Core Plus Impact Fund Announces Portfolio Manager Webinar

Monday, August 30, 2021 - 9:45pm

You can also subscribe to closed-end fund fact sheets, commentaries, distribution announcements, and other fund literature on Nuveens website .

Key Points: 
  • You can also subscribe to closed-end fund fact sheets, commentaries, distribution announcements, and other fund literature on Nuveens website .
  • 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 30 June 2021 and operations in 27 countries.
  • Nuveen and the closed-end funds managed by Nuveen and its affiliates undertake no responsibility to update publicly or revise any forward-looking statement.