Nuveen California AMT-Free Quality Municipal Income Fund Announces Intention to Redeem Preferred Shares
10 Octobre 2017 - 10:45PM
Business Wire
The Nuveen California AMT-Free Quality Municipal Income Fund
(NYSE: NKX) has filed with the Securities and Exchange Commission
notice of intention to redeem the Series 2018 Institutional
MuniFund Term Preferred (iMTP Series 2018) shares and the Series 5
Variable Rate Demand Preferred (VRDP Series 5) shares. The iMTP
Series 2018 redemption price will be the $5,000 liquidation
preference per share, plus an additional amount representing the
final accumulated distribution amounts owed. The VRDP Series 5
redemption price will be the $100,000 liquidation preference per
share, plus an additional amount representing the final accumulated
distribution amounts owed. The fund expects to finance the iMTP
Series 2018 and the VRDP Series 5 share redemptions with the
proceeds of newly issued preferred shares and the redemptions are
contingent upon the completion of all aspects of such preferred
share placement by the fund, which may not occur as planned.
Official notification of the redemption will be delivered to iMTP
and VRDP shareholders at a later date through The Depository Trust
Company (DTC).
The anticipated date of redemption of the outstanding iMTP
Series 2018 and VRDP Series 5 shares are as follows:
Fund & Common Share Symbol
Preferred Type
Share Amount
CUSIP
Anticipated Redemption
Date
Nuveen California AMT-Free Quality Municipal Income Fund (NKX) iMTP
7,200 670651884 November 9, 2017 Nuveen California AMT-Free Quality
Municipal Income Fund (NKX) VRDP 1,044 670651702 November 9, 2017
The address of the calculation and paying agent, The Bank of New
York Mellon, is 101 Barclay Street, Floor 7E, New York, New York
10286
The fund intends to offer the new preferred shares to qualified
institutional buyers (as defined in Rule 144A of the Securities Act
of 1933 (the Securities Act) in a private offering exempt from
registration under the Securities Act.
No preferred shares, including iMTP shares and VRDP shares, have
been registered under the Securities Act or any state securities
laws. Unless so registered, no preferred 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 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.
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 sale of new preferred securities by the fund 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.
Nuveen Securities, LLC, member FINRA and SIPC.
278362-INV-O-10/19
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version on businesswire.com: http://www.businesswire.com/news/home/20171010006673/en/
NuveenKristyna Munoz, 254-644-1615kristyna.munoz@nuveen.com
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