Nuveen Closed-End Funds Announce Intention to Redeem Preferred Shares
21 Settembre 2018 - 11:00PM
Business Wire
The Nuveen North Carolina Quality Municipal Income Fund (NYSE:
NNC) and Nuveen Georgia Quality Municipal Income Fund (NYSE: NKG)
have each filed with the Securities and Exchange Commission a
notice of intention to redeem a portion of outstanding Variable
Rate MuniFund Term Preferred shares (VMTP). The VMTP redemption
price will be the $100,000 liquidation preference per share, plus
an additional amount representing the final accumulated
distribution amounts owed. The Funds expect to finance the VMTP
share redemptions with the proceeds of newly created tender option
bond trusts and the redemption is contingent upon the completion of
all aspects of such trust creation by the Funds, which may not
occur as planned. Official notification of the redemption will be
delivered to VMTP shareholders at a later date through The
Depository Trust Company (DTC).
The anticipated date of redemption of the outstanding VMTP
shares are as follows:
Fund & Common Share Symbol
ShareAmount
VMTP CUSIP
AnticipatedRedemptionDate
Nuveen North Carolina Quality Municipal Income Fund (NYSE: NNC) 105
67060P878
10/23/2018
Nuveen Georgia Quality Municipal Income Fund (NYSE: NKG) 235
67072B883
10/23/2018
The address of the redemption and paying agent, Computershare
Inc., is as follows: 250 Royall Street, Canton, Massachusetts
02021.
About Nuveen
Nuveen, the investment manager of TIAA, offers a comprehensive
range of outcome-focused investment solutions designed to secure
the long-term financial goals of institutional and individual
investors. Nuveen has $973 billion in assets under management as of
6/30/18 and operations in 16 countries. Its affiliates offer deep
expertise across a comprehensive range of traditional and
alternative investments through a wide array of vehicles and
customized strategies. For more information, please visit
www.nuveen.com. Nuveen Securities, LLC, member FINRA and SIPC.
The information contained on the Nuveen website is not a part of
this press release.
FORWARD LOOKING STATEMENTS:
Certain statements made or referenced in this release may be
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, including the
successful trust creation identified in this press release;
- 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.
609791-INV-O-09/20
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version on businesswire.com: https://www.businesswire.com/news/home/20180921005545/en/
NuveenKristyna Munoz, 254-644-1615kristyna.munoz@nuveen.com
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