Nuveen

Triple-I’s Chief Economist Joining July 6 Insurer Investment Panel

Retrieved on: 
Thursday, June 29, 2023

Michel Léonard , Ph.D., CBE, Chief Economist and Data Scientist, Insurance Information Institute (Triple-I) is participating in a free-to-view webinar on Thursday, July 6, at 9 a.m., ET, on current trends in insurer investment strategies, Triple-I announced today.

Key Points: 
  • Michel Léonard , Ph.D., CBE, Chief Economist and Data Scientist, Insurance Information Institute (Triple-I) is participating in a free-to-view webinar on Thursday, July 6, at 9 a.m., ET, on current trends in insurer investment strategies, Triple-I announced today.
  • “Uncertainty seems to be the only constant for insurance company chief investment officers these days.
  • Mastering Market Volatility: Insights into Insurer Investments will be moderated by Ben Dyson, insurance reporter, S&P Global Market Intelligence.
  • Joining Léonard on the panel are:
    Eleanor Bucks , Chief Investment Officer, Lloyd’s
    Joseph Pursley , Head of Insurance, Americas, Nuveen
    Aurora Swithenbank , Chief Financial Officer, Vantage Group Holdings Ltd.

The Defined Contribution Alternatives Association (DCALTA) Welcomes Drew Carrington, James Hannigan and Avi Turetsky to its Board of Directors

Retrieved on: 
Tuesday, June 27, 2023

DCALTA founding board members, Gary Fencik from Adams Street Partners , Jeffrey Hall from Nuveen and Bob Long from StepStone Private Wealth , will be transitioning from the board.

Key Points: 
  • DCALTA founding board members, Gary Fencik from Adams Street Partners , Jeffrey Hall from Nuveen and Bob Long from StepStone Private Wealth , will be transitioning from the board.
  • "Their exceptional contribution to DCALTA`s dramatic growth has been essential to our impact on the retirement industry," said Jonathan Epstein , DCALTA President & Founder.
  • The new board members bring a wealth of experience and expertise to DCALTA.
  • "We are thrilled to welcome Drew, James and Avi to our board of directors.

Nuveen Senior Loan Closed-End Funds Announce Shareholder Approval of Proposed Mergers

Retrieved on: 
Friday, June 23, 2023

Common and preferred shareholders of Nuveen Senior Income Fund (NYSE: NSL), Nuveen Floating Rate Income Opportunity Fund (NYSE: JRO), Nuveen Short Duration Credit Opportunities Fund (NYSE: JSD), and Nuveen Floating Rate Income Fund (NYSE: JFR) have approved a proposal to merge the funds.

Key Points: 
  • Common and preferred shareholders of Nuveen Senior Income Fund (NYSE: NSL), Nuveen Floating Rate Income Opportunity Fund (NYSE: JRO), Nuveen Short Duration Credit Opportunities Fund (NYSE: JSD), and Nuveen Floating Rate Income Fund (NYSE: JFR) have approved a proposal to merge the funds.
  • The mergers will combine each of NSL, JRO, and JSD into JFR.
  • Leading up to the mergers, NSL, JRO, JSD, and JFR are expected to follow their normal distribution schedules.
  • Nuveen is a leading sponsor of closed-end funds (CEFs) with $54 billion of assets under management across 54 CEFs as of 31 Mar 2023.

Nuveen Intermediate Duration Quality Municipal Term Fund Declares Special Distribution

Retrieved on: 
Tuesday, June 13, 2023

As previously announced, the Board of Trustees of the fund has approved the liquidation of the fund upon the fund’s originally scheduled termination date, and the fund intends to liquidate on or before June 30, 2023.

Key Points: 
  • As previously announced, the Board of Trustees of the fund has approved the liquidation of the fund upon the fund’s originally scheduled termination date, and the fund intends to liquidate on or before June 30, 2023.
  • As the fund approaches liquidation, its common shares will continue trading on the New York Stock Exchange through June 23,2023 and will be suspended from trading before the open of trading on June 26, 2023.
  • Nuveen is a leading sponsor of closed-end funds (CEFs) with $54 billion of assets under management across 54 CEFs as of 31 Mar 2023.
  • The funds offer exposure to a broad range of asset classes and are designed for income-focused investors seeking regular distributions.

Nuveen Corporate Income 2023 Target Term Fund Announces Wind-Up Period

Retrieved on: 
Thursday, June 1, 2023

Nuveen Corporate Income 2023 Target Term Fund (NYSE: JHAA) has entered the wind-up period in anticipation of its termination date.

Key Points: 
  • Nuveen Corporate Income 2023 Target Term Fund (NYSE: JHAA) has entered the wind-up period in anticipation of its termination date.
  • The fund is a “target term” fund that will cease its investment operations and liquidate its portfolio on or about December 1, 2023 and distribute the net proceeds to shareholders, unless the term is extended for a period of up to six months by a vote of the fund’s Board of Trustees.
  • The fund has the investment objective to provide a high level of current income and to return the fund’s original $9.875 net asset value to shareholders at termination.
  • Under normal circumstances, the fund invests at least 80% of its managed assets in corporate debt securities.

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

Retrieved on: 
Wednesday, May 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.

Nuveen Closed-End Funds Complete Previously Announced Portfolio Management Team Updates

Retrieved on: 
Wednesday, May 31, 2023

As previously announced on April 10, 2023, John V. Miller effective today is no longer a portfolio manager for Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ), Nuveen Taxable Municipal Income Fund (NYSE: NBB), Nuveen Municipal Credit Opportunities Fund (NYSE: NMCO), and Nuveen Dynamic Municipal Opportunities Fund (NYSE: NDMO).

Key Points: 
  • As previously announced on April 10, 2023, John V. Miller effective today is no longer a portfolio manager for Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ), Nuveen Taxable Municipal Income Fund (NYSE: NBB), Nuveen Municipal Credit Opportunities Fund (NYSE: NMCO), and Nuveen Dynamic Municipal Opportunities Fund (NYSE: NDMO).
  • There are no additional changes to the portfolio management teams, which are as follows:
    Daniel Close and Stephen Candido continue to serve as portfolio managers of NMZ.
  • Stephen Candido, Steven Hlavin, and Daniel Close continue to serve as portfolio managers of NMCO.
  • Nuveen is a leading sponsor of closed-end funds (CEFs) with $54 billion of assets under management across 54 CEFs as of 31 Mar 2023.

Trailstone and Glennmont Partners Sign Route to Market PPA for 84 MW Wind Portfolio in Italy

Retrieved on: 
Tuesday, May 9, 2023

Trailstone Group (“Trailstone”), a global energy and technology company, announced today that it has signed a route to market Power Purchase Agreement (PPA) with Glennmont Partners from Nuveen (“Glennmont”), one of the world’s largest renewable energy investment managers, for 84 MW of wind capacity in Italy.

Key Points: 
  • Trailstone Group (“Trailstone”), a global energy and technology company, announced today that it has signed a route to market Power Purchase Agreement (PPA) with Glennmont Partners from Nuveen (“Glennmont”), one of the world’s largest renewable energy investment managers, for 84 MW of wind capacity in Italy.
  • This deal is the latest in a longstanding relationship between Trailstone and Glennmont that began in 2016.
  • It brings the total wind capacity being managed by Trailstone in Italy in 2023 to over 500 MW and the total number of renewable assets being managed by Trailstone across Europe to over 4.3 GWs.
  • Through this transaction, Trailstone will utilize its market access, expertise, and proprietary renewables optimization platform to reduce balancing risk and maximize trading revenues for Glennmont’s wind generation assets in Italy.

Heirs Likely to Retain Family's Financial Advisor If Relationship is Established Early

Retrieved on: 
Thursday, May 4, 2023

The new research offers several key lessons for advisors in advance of the massive asset flows likely to occur in coming years, with older Americans projected to leave tens of trillions of dollars in accumulated wealth to their heirs -- the greatest wealth transfer in history.

Key Points: 
  • For the study, Nuveen surveyed more than 500 investors, including current and likely wealth inheritors, as well as "wealth builders," individuals without a current or likely inheritance.
  • Future wealth inheritors intend to actively seek advice: 87% plan to have a financial advisor at the time of the expected wealth transfer.
  • Further illustrating the power of an early relationship, 64% of inheritors who were introduced early on to their family's advisor went on to work with that advisor, as opposed to seeking out a different source of advice.
  • "By understanding what wealth inheritors want and structuring their service accordingly, advisors can capture their share of a multi-trillion-dollar asset opportunity."

Eurasia Group welcomes Vanessa Sussman as new chief marketing and communications officer

Retrieved on: 
Thursday, May 4, 2023

NEW YORK, May 4, 2023 /PRNewswire-PRWeb/ -- Eurasia Group is excited to announce the appointment of Vanessa Sussman as chief marketing and communications officer, a critical role in achieving the firm's strategic goals in branding, content, marketing, and commercial growth. She will be a member of the management committee and report to the CEO.

Key Points: 
  • Vanessa Sussman is the new chief marketing and communications officer at Eurasia Group, leading on internal and external communications and branding for EG and GZERO Media.
  • NEW YORK, May 4, 2023 /PRNewswire-PRWeb/ -- Eurasia Group is excited to announce the appointment of Vanessa Sussman as chief marketing and communications officer, a critical role in achieving the firm's strategic goals in branding, content, marketing, and commercial growth.
  • Prior to joining Eurasia Group, she led private markets corporate communications for leading asset manager Nuveen.
  • Sussman will be responsible for leading the company's marketing and internal and external communications teams, as well as engaging and deepening the partnerships with the chief communications and marketing officers of Eurasia Group's largest clients.