Nuveen Municipal Closed-End Funds Announce Completion of Mergers
17 Avril 2023 - 2:55PM
Business Wire
The mergers of Nuveen Ohio Quality Municipal Income Fund (NYSE:
NUO) and Nuveen Georgia Quality Municipal Income Fund (NYSE: NKG)
into Nuveen Municipal Credit Income Fund (NYSE: NZF) were
successfully completed prior to the opening of the New York Stock
Exchange on April 17, 2023.
In the mergers, a wholly-owned subsidiary of NZF acquired all of
the assets and liabilities of NUO and NKG in tax-free transactions,
and common shares of NUO and NKG were converted to newly-issued
common shares of NZF in an aggregate amount equal to the value of
the net assets of NUO and NKG. The transactions took place based
upon NUO’s, NKG’s, and NZF’s closing net asset values on April 14,
2023. The exchange ratios at which common shares of NUO and NKG
were converted to common shares of NZF are listed below:
Ticker
Fund Name
Exchange Ratio
NUO
Nuveen Ohio Quality Municipal Income
Fund
1.06685100
NKG
Nuveen Georgia Quality Municipal Income
Fund
0.85425383
Nuveen is a leading sponsor of closed-end funds (CEFs) with $54
billion of assets under management across 55 CEFs as of 31 Dec
2022. The funds offer exposure to a broad range of asset classes
and are designed for income-focused investors seeking regular
distributions. Nuveen has more than 35 years of experience managing
CEFs.
For more information, please visit Nuveen’s CEF homepage
www.nuveen.com/closed-end-funds or contact:
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 $1.1 trillion in assets under management as
of 31 Dec 2022 and operations in 27 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.
EPS-2846848PR-E0423W
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Financial Professionals: 800-752-8700
Investors: 800-257-8787
Media: media-inquiries@nuveen.com
Nuveen Municipal Credit ... (NYSE:NZF)
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Nuveen Municipal Credit ... (NYSE:NZF)
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