Nuveen Preferred & Income Closed-End Funds Announce Shareholder Approval Of Proposed Mergers
Portfolio Pulse from Benzinga Newsdesk
Shareholders of Nuveen Preferred and Income Fund (JPT), Nuveen Preferred & Income Securities Fund (JPS), and Nuveen Preferred & Income Opportunities Fund (JPC) have approved a proposal to merge the funds. The mergers will combine JPT and JPS into JPC, expected to become effective before the market opens on November 6, 2023. The monthly distributions for JPT, JPS, and JPC will be replaced by pre-merger distributions declared on October 24, 2023.
October 13, 2023 | 8:17 pm
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NEUTRAL IMPACT
JPC will absorb JPT and JPS in a merger. This could lead to changes in the fund's performance and distribution.
The merger could lead to changes in the fund's performance and distribution. However, the exact impact will depend on the specifics of the merger and the post-merger management of the fund.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
JPS will be merged into JPC. This could lead to changes in the fund's performance and distribution.
The merger could lead to changes in the fund's performance and distribution. However, the exact impact will depend on the specifics of the merger and the post-merger management of the fund.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
JPT will be merged into JPC. This could lead to changes in the fund's performance and distribution.
The merger could lead to changes in the fund's performance and distribution. However, the exact impact will depend on the specifics of the merger and the post-merger management of the fund.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100