Nuveen | Jotup

Saba Capital Files Lawsuit Against ASA Gold and Precious Metals and its Board of Directors Over Unlawful Shareholder Rights Plan

Retrieved on:

Wednesday, January 31, 2024

Asset Management, Professional Services, Finance, Nuveen, General counsel, Boaz Weinstein, Eaton Vance, BlackRock, District court, Gold, ASA, Security (finance)

Saba is seeking to invalidate the Company’s discriminatory and unlawful shareholder rights plan, which is also known as a poison pill.

Key Points:

Saba is seeking to invalidate the Company’s discriminatory and unlawful shareholder rights plan, which is also known as a poison pill.
ASA designed the poison pill in a sly and self-serving manner to guarantee that all shareholders will have the potential to suffer greatly, not just Saba.
If the poison pill is executed, there will inevitably be massive casualties across the Company’s shareholder base.
If ASA’s directors truly cared about creating value for shareholders, they would proactively rescind the poison pill and transition their positions to qualified fiduciaries.”

Nuveen Collaborates with Morningstar Retirement to Offer TIAA Secure Income Account

Retrieved on:

Thursday, February 1, 2024

Nuveen, SIA, Research, Social, Retirement, Social Security, CIT, TIAA, Insurance, Contribution, Risk, RIAS, Financial adviser

This service is available only to individuals whose retirement plans offer both Morningstar Retirement Manager and the TIAA SIA.

Key Points:

This service is available only to individuals whose retirement plans offer both Morningstar Retirement Manager and the TIAA SIA.
Morningstar Retirement Manager is a platform designed to help provide employees with a comprehensive, personalized retirement plan.
TIAA Traditional, TIAA's flagship fixed annuity for 403(b) nonprofit and government plans, has been available through Morningstar Retirement for decades.
"As retirement legislation such as the 2019 SECURE Act continues to bolster the resurgence of in-plan annuities inside employer sponsored plans, we're excited to collaborate with Morningstar Retirement to make secure income a reality for even more retirement plan participants."

Antares Taps Jack Snyder to Spearhead Firm’s Private Wealth Strategy

Retrieved on:

Wednesday, January 24, 2024

Asset Management, Professional Services, Finance, Investment, Capital, Asset management, Nuveen, RIA, IBD, Private banking, Antares, Cryptocurrency

Antares Capital (“Antares”), a leading alternative asset manager with $67B+ in capital under management and administration, today announced that Jack Snyder has joined the firm as Managing Director, Head of U.S.

Key Points:

Antares Capital (“Antares”), a leading alternative asset manager with $67B+ in capital under management and administration, today announced that Jack Snyder has joined the firm as Managing Director, Head of U.S.
In this newly created role, Mr. Snyder will oversee the launch of Antares’ private wealth strategy, where he will play an integral role in increasing the firm’s assets under management through the development of strategic relationships in the wealth channel.
“Private wealth is an important driver of our growth strategy, and Jack’s addition will be critical in meeting the demand for alternative credit solutions in the private wealth channel.”
Mr. Snyder has a proven track record in alternatives distribution and robust experience in the Wirehouse, IBD, RIA and Private Bank channels.
“The U.S. wealth channel represents a vast market opportunity for alternative credit, which is why I’m excited to join Antares and build out their wealth platform,” said Mr. Snyder.

Bilt Rewards Announces $200 Million Raise Valuing Company at $3.1 Billion

Retrieved on:

Wednesday, January 24, 2024

Bilt Rewards (“Bilt”), the leading loyalty platform specializing in rent and neighborhood rewards, today announced a $200 million equity investment, led by General Catalyst, with significant contributions by Eldridge, alongside existing investors Left Lane Capital, Camber Creek and Prosus Ventures.

Key Points:

Bilt Rewards (“Bilt”), the leading loyalty platform specializing in rent and neighborhood rewards, today announced a $200 million equity investment, led by General Catalyst, with significant contributions by Eldridge, alongside existing investors Left Lane Capital, Camber Creek and Prosus Ventures.
View the full release here: https://www.businesswire.com/news/home/20240123279725/en/
Bilt Rewards welcomes Ken Chenault as Chairman of its Board of Directors.
Ken Chenault (L) is pictured with Bilt Rewards Founder and CEO Ankur Jain (R) (Photo: Business Wire)
Bilt welcomes Ken Chenault as Chairman of its Board of Directors.
Launched in April 2022, Bilt began as the first platform enabling U.S. consumers to earn valuable rewards on their largest monthly expenditure – rent.

Nuveen Preferred and Income Term Fund Announces Shareholder Proposal

Retrieved on:

Thursday, January 18, 2024

Asset Management, Professional Services, Finance, Nuveen, JPI, Trustee, Indian Sugar Mills Association

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

Key Points:

The Board of Trustees of Nuveen Preferred and Income Term Fund (NYSE: JPI) has approved a proposal that will allow shareholders of the fund the opportunity to maintain their investment in the fund and its leveraged exposure to preferred and other income producing securities.
If JPI’s term structure is eliminated, the fund’s name will change to “Nuveen Preferred Securities & Income Opportunities Fund,” and the common shares of the fund will continue to trade on the New York Stock Exchange under the current ticker symbol.
In addition, if the fund’s term structure is eliminated, Nuveen will waive 50% of its net management fees over the first year following the elimination of the term, which may enhance the net earnings of the fund.
More information on the proposal will be contained in proxy materials for the fund expected to be filed in the near future.

Nuveen Private Capital Appoints Bonsoo Koo as Head of Business Development for Korea

Retrieved on:

Tuesday, January 16, 2024

Asset Management, Professional Services, Finance, Private, Acquisition, Head, Nuveen, Business development, Security (finance)

Arcmont Asset Management and Churchill Asset Management , the European and U.S. asset management companies of Nuveen Private Capital, have appointed Bonsoo Koo as Head of Business Development for Korea.

Key Points:

Arcmont Asset Management and Churchill Asset Management , the European and U.S. asset management companies of Nuveen Private Capital, have appointed Bonsoo Koo as Head of Business Development for Korea.
Mr. Koo will partner with colleagues from Arcmont, Churchill and the broader Nuveen team to capitalize on the growing demand from Korean institutions for private capital.
We continue to see Korean LPs actively pursuing private credit and equity solutions due to their attractive risk-adjusted total return potential, lower volatility and portfolio diversification benefits,” said David Burnside, Co-Head of Nuveen Private Capital Business Development.
Nuveen Private Capital was formed in March 2023 following Nuveen’s acquisition of Arcmont, which in combination with Churchill, created a $73 billion private capital platform and one of the world’s largest private credit managers.

Dealpath 2023 Year in Review: Market-leading Product Innovation and Client Growth

Retrieved on:

Wednesday, January 3, 2024

Dealpath’s impressive roster of hundreds of institutional clients grew significantly in 2023, further affirming the company’s position as the real estate industry’s most trusted deal management platform.

Key Points:

Dealpath’s impressive roster of hundreds of institutional clients grew significantly in 2023, further affirming the company’s position as the real estate industry’s most trusted deal management platform.
Dealpath proudly supports 7 of the top 10 institutional investors globally, and is ranked the #1 Real Estate Deal and Portfolio Management Solution for:
Dealpath’s robust client base and strong relationships have yielded momentous growth and market-leading retention, including expansion in over 100 client accounts and thousands of new users in 2023.
Mobile: In early 2023, Dealpath released a reimagined version of Dealpath Mobile, which enables teams to track, manage, screen and analyze deals on the go.
Dealpath and its leadership team continue to receive broad, industry-wide recognition for its category-defining innovation in real estate investment management.

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

Retrieved on:

Friday, December 29, 2023

Asset Management, Professional Services, Finance, Fund, Calendar, Funding, Policy, Nuveen

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

Key Points:

The 19(a) distribution notices for six Nuveen closed-end funds are now available.
These informational notices provide further details on the sources of the funds’ regular quarterly distributions and follows the most recent 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.

UMH PROPERTIES, INC. EXPANDS JOINT VENTURE PARTNERSHIP WITH NUVEEN REAL ESTATE

Retrieved on:

Thursday, November 30, 2023

Honey, Partnership, MSA, Nuveen, City, REIT, IRR, Housing, UMH Properties, UMH, TIAA, FFO, Property management

FREEHOLD, NJ, Nov. 30, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH) today announced that it has expanded its partnership with Nuveen Real Estate, a TIAA company through entering into a new joint venture.

Key Points:

FREEHOLD, NJ, Nov. 30, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH) today announced that it has expanded its partnership with Nuveen Real Estate, a TIAA company through entering into a new joint venture.
UMH will have a 40% stake in the joint venture and will serve as the managing member, developer and operating member.
UMH initially acquired the land in November 2022 which is being sold to the joint venture.
UMH also has an ownership interest in and operates two communities in Florida, containing 363 sites, through a joint venture with Nuveen Real Estate.

Churchill Asset Management Closes Second Collateralized Fund Obligation Investing in Nuveen Private Capital Flagship Strategies

Retrieved on:

Monday, December 18, 2023

Finance, Banking, Professional Services, Other Professional Services, Asset Management, Private Equity International, Winston Churchill, Senior, LLP, CFO, Insurance, Dechert, TIAA, Bookrunner, Sole, Security (finance), Nuveen

Churchill Asset Management LLC, an investment-specialist of Nuveen that provides customized financing solutions to private equity firms and their U.S. portfolio companies, has closed its second collateralized fund obligation (“CFO”).

Key Points:

Churchill Asset Management LLC, an investment-specialist of Nuveen that provides customized financing solutions to private equity firms and their U.S. portfolio companies, has closed its second collateralized fund obligation (“CFO”).
The $190 million CFO will invest across the flagship strategies of Churchill and Arcmont Asset Management Limited, the operating businesses of Nuveen Private Capital, including U.S. senior lending, junior capital and equity co-investment, as well as European direct lending and capital solutions.
Nuveen Private Capital formed in March 2023 when Nuveen acquired London-based Arcmont, which in combination with Churchill, has created a $74 billion private capital platform and one of the world’s largest private credit managers.
Compared to precedent structures, this CFO will be majority senior lending focused, while also maintaining strong alignment with Nuveen Private Capital’s ultimate parent company, TIAA.