Nuveen Municipal 2021 Target Term Fund Completes Issuance of Preferred Securities
08 Mars 2016 - 11:15PM
Business Wire
Variable Rate MuniFund Term Preferred Shares Issued in New
Private Placement
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced the Nuveen Municipal 2021 Target Term Fund (NYSE: NHA)
successfully priced and placed a $28.3 million private offering of
new Variable Rate MuniFund Term Preferred (VMTP) shares, Series
2019. The proceeds from the issuance will be used to permit NHA to
invest in additional municipal securities in accordance with its
investment objectives and policies and to pay costs associated with
the transaction.
VMTP dividends will be set weekly at a spread to the Securities
Industry and Financial Markets Association Municipal Swap Index
(SIFMA). VMTP 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.
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,
which is a leading provider of retirement and financial services in
the academic, research, medical and cultural fields. In total,
Nuveen Investments managed approximately $225 billion as of
December 31, 2015. For more information, please visit the Nuveen
Investments website at www.nuveen.com.
14485-INV-O-03/17
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version on businesswire.com: http://www.businesswire.com/news/home/20160308006771/en/
Nuveen InvestmentsMedia Contact:Kristyna Munoz, (312)
917-8343kristyna.munoz@nuveen.com
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