JTD

Nuveen Announces Completion of Multi-Asset Closed-End Fund Reorganizations

Retrieved on: 
Monday, November 22, 2021

The reorganizations 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) into a new fund, Nuveen Multi-Asset Income Fund (NYSE: NMAI), was successfully completed prior to the opening of the New York Stock Exchange on November 22, 2021.

Key Points: 
  • The reorganizations 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) into a new fund, Nuveen Multi-Asset Income Fund (NYSE: NMAI), was successfully completed prior to the opening of the New York Stock Exchange on November 22, 2021.
  • The combined fund, NMAI, seeks to provide total return through high current income and capital appreciation, employing a dynamic multi-asset allocation strategy that is designed to improve diversification and take into account changing market conditions.
  • The exchanges took place based upon the acquired funds closing net asset values on November 19, 2021 and NMAIs initial net asset value per common share of $20.
  • The exchange ratios at which common shares of each acquired fund were exchanged for common shares of NMAI are listed below:

Nuveen Multi-Asset Funds Announce Shareholder Approval of Reorganization Proposal

Retrieved on: 
Thursday, October 14, 2021

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.