Nuveen Missouri Quality Municipal Income Fund Completes Preferred Share Exchange
16 Ottobre 2017 - 10:30PM
Business Wire
The Nuveen Missouri Quality Municipal Income Fund (NYSE: NOM)
has successfully completed the issuance of Series A MuniFund
Preferred Shares (MFP Series A Shares) in a privately negotiated
exchange, with a qualified institutional buyer, as defined in Rule
144A under the Securities Act of 1933. Through the exchange offer,
the fund refinanced its existing $18.0 million of Series 2018
Variable Rate MuniFund Term Preferred (VMTP) shares on a
one-for-one basis with new MFP Series A Shares.
The MFP Series A Shares were issued with terms establishing an
initial Variable Rate Mode ending October 16, 2019, and a term
redemption date of October 1, 2047. During the Variable Rate Mode,
the dividend will be set weekly based on a predetermined formula.
The MFP Series A Shares are preferred securities of the fund and
are senior, with priority in all respects, to the fund's common
shares in liquidation and as to payments of dividends.
No MFP Series A Shares have been registered under the Securities
Act of 1933 (the Securities Act) or any state securities laws.
Unless so registered, no MFP Series A Shares may be offered or sold
in the United States except pursuant to an exemption from the
registration requirements of the Securities Act and applicable
state securities laws. This press release is neither an offer to
sell nor a solicitation of an offer to buy any of these
securities.
About Nuveen
Nuveen offers a comprehensive range of outcome-focused
investment solutions designed to secure the long-term financial
goals of institutional and individual investors. As the investment
management arm of TIAA, Nuveen has $929 billion in assets under
management as of 6/30/17 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.
The information contained on the Nuveen website is not a part of
this press release.
Nuveen Securities, LLC, member FINRA and SIPC.
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;
- 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.
281241-INV-O-10/19
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version on businesswire.com: http://www.businesswire.com/news/home/20171016006183/en/
NuveenKristyna Munoz, 254-644-1615kristyna.munoz@nuveen.com
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