Nuveen

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

Retrieved on: 
Friday, September 29, 2023

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

Key Points: 
  • The 19(a) distribution notices for ten 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.

SEC Charges 10 Firms with Widespread Recordkeeping Failures

Retrieved on: 
Friday, September 29, 2023

The firms admitted the facts set forth in their respective SEC orders and acknowledged that their conduct violated recordkeeping provisions of the federal securities laws.

Key Points: 
  • The firms admitted the facts set forth in their respective SEC orders and acknowledged that their conduct violated recordkeeping provisions of the federal securities laws.
  • The firms agreed to pay combined penalties of $79 million as outlined below and have begun implementing improvements to their compliance policies and procedures to address these violations.
  • “There are real benefits to self-reporting, remediating and cooperating.”
    The SEC’s investigations uncovered pervasive and longstanding off-channel communications at all 10 firms.
  • By failing to maintain and preserve required records, certain of the firms likely deprived the SEC of these off-channel communications in various SEC investigations.

Partners Group exits 731.5 MW Dutch offshore windfarm with sale of final 10% stake

Retrieved on: 
Monday, September 25, 2023

Following completion of the latest stake sale, Partners Group will have fully exited from the original 45% stake it acquired in June 2018.

Key Points: 
  • Following completion of the latest stake sale, Partners Group will have fully exited from the original 45% stake it acquired in June 2018.
  • Partners Group sold a 20% stake to Swiss Life Asset Managers in November 2022 and 15% to funds managed by Nuveen Infrastructure in July 2023.
  • The windfarm benefits from a feed-in premium regime backed by the Dutch government, which provides highly visible, long-term contracted cashflows.
  • David Daum, Managing Director, Co-Head Private Infrastructure Europe, Partners Group, says: "The sale of Partners Group’s remaining stake in Borssele marks the end of our five-year journey with the project.

First Eagle Investments Establishes New High Yield Municipal Credit Team to Be Led by Veteran Investor John Miller

Retrieved on: 
Thursday, September 21, 2023

First Eagle Investments (“First Eagle”) today announced that it has established a new High Yield Municipal Credit team.

Key Points: 
  • First Eagle Investments (“First Eagle”) today announced that it has established a new High Yield Municipal Credit team.
  • John Miller will join First Eagle on January 2, 2024, as Head and Chief Investment Officer of the High Yield Municipal Credit team, reporting to First Eagle President and Chief Executive Officer Mehdi Mahmud.
  • The new High Yield Municipal Credit team expands the range of differentiated investment solutions First Eagle provides clients alongside the offerings of its Global Value, Small Cap, First Eagle Alternative Credit and Napier Park teams.
  • “I believe the new High Yield Municipal Credit capability will represent an attractive investment solution.

Nuveen Secures Investment from TIAA for U.S. Impact Housing Fund Dedicated to Affordable Housing

Retrieved on: 
Tuesday, September 19, 2023

The fund also intends to invest in regenerative development and financing that supports minority and women developers of affordable housing.

Key Points: 
  • The fund also intends to invest in regenerative development and financing that supports minority and women developers of affordable housing.
  • Nuveen has extensive experience investing in U.S. affordable housing dating back to 1992.
  • Through these capabilities, Nuveen has dedicated portfolio management support for its affordable housing assets and can work with local communities to preserve and develop more affordable housing.
  • Nuveen Real Estate is a real estate investment management holding company owned by Teachers Insurance and Annuity Association of America (TIAA).

SHARC Energy Featured in NYSERDA’s Empire Building Challenge Project

Retrieved on: 
Tuesday, September 12, 2023

( CSE: SHRC ) ( FSE: IWIA ) ( OTCQB: INTWF ) ("SHARC Energy" or the “Company”) is pleased to announce that it has received a purchase order for a SHARC Wastewater Energy Transfer (“WET”) system for the Whitney Young Manor recapitalization project in Yonkers, New York.

Key Points: 
  • ( CSE: SHRC ) ( FSE: IWIA ) ( OTCQB: INTWF ) ("SHARC Energy" or the “Company”) is pleased to announce that it has received a purchase order for a SHARC Wastewater Energy Transfer (“WET”) system for the Whitney Young Manor recapitalization project in Yonkers, New York.
  • This project, spearheaded by Nuveen , is a successful project moving forward under the New York State Energy Research & Development Authority’s (“NYSERDA”) Empire Building Challenge .
  • SHARC Energy and its New York representative HIGHMARK are proud to be supporting this project, as it serves as an example of Energy and Climate Equity investment into historically underserved and marginalized communities.
  • Whitney Young Manor is a significant project in New York's sustainable urban development landscape and is supported by NYSERDA’s Empire Building Challenge.

CAIS Expands Strategies of Leading Alternative Asset Managers Amid Accelerated Demand from Independent Advisors

Retrieved on: 
Thursday, September 14, 2023

CAIS, the leading alternative investment platform for independent financial advisors, today announced an expanded menu of strategies from twelve leading alternative asset managers, underscoring their commitment to the independent wealth channel.

Key Points: 
  • CAIS, the leading alternative investment platform for independent financial advisors, today announced an expanded menu of strategies from twelve leading alternative asset managers, underscoring their commitment to the independent wealth channel.
  • Apollo Global Management, Ares Management Corporation, Bain Capital, Blue Owl Capital, The Carlyle Group, Fidelity Investments, Franklin Templeton, KKR, Neuberger Berman, Nuveen, Partners Group, and StepStone Group are among the alternative asset managers launching or expanding wealth-centric strategies on the CAIS platform.
  • “With nearly 9 in 10 financial advisors set to increase their allocations to alternatives by 2025, asset managers recognize the opportunity within independent wealth management to grow and diversify their investor base,” said Matt Brown, Founder and CEO, CAIS.
  • Asset managers also benefit from CAIS’ robust array of features enhancing the alternative investing experience, including pre-trade, trade, and post-trade technology, a custom online education offering (CAIS IQ), digital marketing support, and integrations with leading custodians, reporting providers, fund administrators, and transfer agents.

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

Retrieved on: 
Thursday, August 31, 2023

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

Key Points: 
  • The 19(a) distribution notices for three Nuveen closed-end funds are now available.
  • This informational notice provides further details on the sources of the funds’ regular monthly distribution and follows the most recent monthly distribution announcement.
  • The full text of this notice 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.

Dealpath Delivers AI-Powered Solutions for Real Estate Investors

Retrieved on: 
Monday, August 28, 2023

“A fundamental challenge to solve in real estate investment management is the current lack of standardized data and related workflows,” said Mike Sroka, CEO and Co-Founder of Dealpath.

Key Points: 
  • “A fundamental challenge to solve in real estate investment management is the current lack of standardized data and related workflows,” said Mike Sroka, CEO and Co-Founder of Dealpath.
  • “To date, real estate has been a document-heavy business and industry.
  • At Dealpath, we believe that real estate is driven by people with information to shape our built world, and that intuitive, purpose-built software and data driven analysis empowers smart decisions and performance.
  • Everything we do continues to be in pursuit of maximizing the important work of real estate investment and capital markets in today’s digital universe and age of AI.”
    Within the real estate industry, the use and exploration of AI-powered solutions has taken center stage.

Seun Salami Joins Terex Corporation Board of Directors

Retrieved on: 
Thursday, August 24, 2023

NORWALK, Conn., Aug. 24, 2023 /PRNewswire/ -- Terex Corporation (NYSE: TEX) today announced that Seun Salami has been appointed to the Company's Board of Directors.

Key Points: 
  • NORWALK, Conn., Aug. 24, 2023 /PRNewswire/ -- Terex Corporation (NYSE: TEX) today announced that Seun Salami has been appointed to the Company's Board of Directors.
  • Mr. Salami currently serves as the Executive Vice President and Chief Financial Officer of Nuveen, a global asset management firm.
  • "Seun Salami will be an excellent addition to our Board of Directors," commented John L. Garrison, Jr., Terex Chairman and CEO.
  • "Seun is an executive with a successful track record of leading multifunctional teams from finance and operations to deliver strong results for global organizations."