Nuveen Closed-End Fund Adopts Cash-Flow Based Distribution Approach
01 Aprile 2015 - 11:08PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced that the Dividend Committee of the Board of Trustees of
Nuveen Flexible Investment Income Fund (NYSE: JPW), has
authorized a change in the fund’s distribution setting approach to
a cash-flow based from an income-only methodology. As part of its
investment mandate, JPW owns certain securities whose distributions
may ultimately be treated for tax purposes as something other than
net investment income. A cash-flow based distribution policy is
similar to the income-only approach of traditional fixed income
funds and seeks to establish a stable monthly distribution that
roughly corresponds to the net cash flow received from investments
in portfolio securities. This authorization, which seeks to align
JPW’s distribution approach with its portfolio investments, is
effective with today’s distribution declaration. JPW has maintained
a distribution of $0.126 per share since its inception in 2013.
This change in distribution setting methodology is not currently
expected to alter the fund’s distribution level.
Key distribution information:
Record Date: April 15, 2015
Ex-Dividend Date: April 13, 2015 Payable
Date: May 1, 2015 Reinvest Date: May 1,
2015 Distribution Change from
Ticker
Fund
Name
Per Share Prior Distribution JPW Nuveen
Flexible Investment Income Fund $0.1260 -
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 independent investment
subsidiaries of Nuveen Investments, Inc. Funds distributed by
Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc.
Nuveen Investments operates as a separate subsidiary within
TIAA-CREF, which is a leading provider of retirement and financial
services in the academic, research, medical and cultural fields. In
total, Nuveen Investments managed approximately $230 billion as of
December 31, 2014. For more information, please visit the Nuveen
Investments website at www.nuveen.com.
6856-INV-O-03/16
Nuveen InvestmentsMedia Contact:Kristyna Munoz, (312)
917-8343kristyna.munoz@nuveen.com
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