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: