Nuveen Announces Closed-End Fund Merger
15 Settembre 2014 - 10:50PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced that the merger of American Municipal Income Portfolio
Inc. (XAA) into Nuveen Quality Municipal Income Fund, Inc. (NQM)
has been approved by shareholders of both funds. XAA is a
closed-end fund advised by U.S. Bancorp Asset Management, Inc. and
sub-advised by Nuveen Fund Advisors, LLC and Nuveen Asset
Management, LLC. NQM is a closed-end fund managed by Nuveen Fund
Advisors, LLC and sub-advised by Nuveen Asset Management, LLC. This
merger is intended to create a fund with lower operating expenses
and increased trading volume on the exchange for common shares.
In connection with the shareholder approval, the funds will be
merged as follows:
Acquired Fund Symbol
Acquiring Fund
Symbol
American Municipal Income Portfolio
Inc.
XAA
Nuveen Quality Municipal Fund, Inc.
NQM
Subject to the satisfaction of certain customary closing
conditions, the merger is expected to close prior to the opening of
the New York Stock Exchange on October 6, 2014. Upon closing of the
merger, shareholders of XAA will become shareholders of NQM. More
information on NQM and other Nuveen closed-end funds is posted on
Nuveen’s web site at www.nuveen.com/cef.
Nuveen Investments provides high-quality investment services
designed to help secure the long-term goals of institutional and
individual investors as well as the consultants and financial
advisors who serve them. Nuveen Investments markets a wide range of
specialized investment solutions which provide investors access to
capabilities of its high-quality boutique investment
affiliates—Nuveen Asset Management, LLC, Symphony Asset Management
LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset
Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital
Management, LLC and Gresham Investment Management LLC, all of which
are registered investment advisers and subsidiaries of Nuveen
Investments, Inc. Funds distributed by Nuveen Securities, LLC, a
subsidiary of Nuveen Investments, Inc. In total, Nuveen Investments
managed $231 billion as of June 30, 2014. For more information,
please visit the Nuveen Investments website at www.nuveen.com.
FORWARD LOOKING STATEMENTS
Certain statements made in this release are forward-looking
statements. Actual future results or occurrences may differ
significantly from those anticipated in any forward-looking
statements due to numerous factors. These include, but are not
limited to:
- market developments;
- legal and regulatory developments; and
- other additional risks and uncertainties.
Nuveen and the closed-end funds managed by Nuveen and its
affiliates undertake no responsibility to update publicly or revise
any forward-looking statements.
The Annual and Semi-Annual Reports and other regulatory filings
of the Nuveen closed-end funds with the Securities and Exchange
Commission ("SEC") are accessible on the SEC's web site at
www.sec.gov and on Nuveen's web site at www.nuveen.com and may
discuss the above-mentioned or other factors that affect the Nuveen
closed-end funds. The information contained on our web site is not
a part of this press release.
Nothing contained in this press release shall constitute an
offer for sale of any securities. A joint Proxy
Statement/Prospectus relating to the proposed reorganization will
be filed with the SEC in the coming weeks and will contain
important information relating to the reorganization. Shareholders
are urged to read each such joint Proxy Statement/Prospectus
carefully. After they are filed, free copies of the Proxy
Statement/Prospectuses will be available on the SEC's web site at
www.sec.gov.
3151-INV-O09/15
Nuveen InvestmentsMedia Contact:Kristyna Munoz, (312)
917-8343kristyna.munoz@nuveen.com
Grafico Azioni Nuveen Investment Quality Municipal Fund, Inc. (NYSE:NQM)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Nuveen Investment Quality Municipal Fund, Inc. (NYSE:NQM)
Storico
Da Giu 2023 a Giu 2024