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Nuveen Closed-End Funds Declare Pre-Merger DistributionsThree Nuveen Closed-End Funds announced pre-merger distributions. The specific distribution dates and amounts are detailed below. As previously announced, the shareholders of Nuveen North Carolina Quality Municipal Income Fund (NYSE: NNC) approved the fund's reorganization into Nuveen AMT (News - Alert)-Free Quality Municipal Income Fund (NYSE: NEA), and the shareholders of Nuveen Connecticut Quality Municipal Income Fund (NYSE: NTC) approved the fund's merger into Nuveen AMT-Free Municipal Credit Income Fund (NYSE: NVG). The pre-merger distribution for each fund being acquired is intended to fully distribute the acquired fund's accumulated undistributed net investment income (UNII) prior to the reorganization going effective. As previously announced, following the transactions, the surviving funds, NEA and NVG, are expected to declare additional post-closing distributions, with a record date of November 29, 2019, payable December 2, 2019. For each fund, the total per-common share dollar amount of the pre- and post-closing tax-exempt distributions received on December 2, 2019 will be equal to or greater than the per-common share dollar amount of the prior month's tax-exempt dividend. The following dates apply to today's pre-merger distribution declarations:
For more information about UNII, each fund and the shareholder-approved reorganizations, please visit www.nuveen.com/CEF. 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 $1 trillion in assets under management as of 30 September 2019 and operations in 24 countries. Its investment specialists 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 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 statement. EPS- 1001329PR-E1019 View source version on businesswire.com: https://www.businesswire.com/news/home/20191105006147/en/ |