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Nuveen today announced that three Nuveen Closed-End Funds have declared pre-merger distributions. The specific distribution dates and amounts are detailed below. As previously announced, common and preferred shareholders, as applicable, of Nuveen Preferred and Income Fund (NYSE:JPT), Nuveen Preferred & Income Securities Fund (NYSE:JPS), and Nuveen Preferred & Income Opportunities Fund (NYSE:JPC), have approved a proposal to merge the funds. The mergers will combine each of JPT and JPS into JPC. 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 closing of the mergers
NPORT-P - Nuveen Preferred & Income Securities Fund (0001176433) (Filer)
25-NSE - Nuveen Preferred & Income Securities Fund (0001176433) (Subject)
8-K - Nuveen Preferred & Income Securities Fund (0001176433) (Filer)
3 - Nuveen Preferred & Income Securities Fund (0001176433) (Issuer)
3 - Nuveen Preferred & Income Securities Fund (0001176433) (Issuer)
3 - Nuveen Preferred & Income Securities Fund (0001176433) (Issuer)
The mergers of Nuveen Preferred and Income Fund (NYSE:JPT) and Nuveen Preferred & Income Securities Fund (NYSE:JPS) into Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) were successfully completed prior to the opening of the New York Stock Exchange on November 6, 2023. The fund's newly consolidated portfolio contains nearly $4 billion in assets under management—the largest among listed preferred securities closed-end funds. Through the mergers, a wholly-owned subsidiary of JPC acquired substantially all of the assets and liabilities of JPT and JPS in tax-free transactions, and common shares of JPT and JPS were converted to newly-issued common shares of JPC in an aggregate amount e
Nuveen today announced that three Nuveen Closed-End Funds have declared pre-merger distributions. The specific distribution dates and amounts are detailed below. As previously announced, common and preferred shareholders, as applicable, of Nuveen Preferred and Income Fund (NYSE:JPT), Nuveen Preferred & Income Securities Fund (NYSE:JPS), and Nuveen Preferred & Income Opportunities Fund (NYSE:JPC), have approved a proposal to merge the funds. The mergers will combine each of JPT and JPS into JPC. 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 closing of the mergers
Common and preferred shareholders, as applicable, of Nuveen Preferred and Income Fund (NYSE:JPT), Nuveen Preferred & Income Securities Fund (NYSE:JPS), and Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) have approved a proposal to merge the funds. The mergers will combine each of JPT and JPS into JPC. Subject to the satisfaction of certain customary closing conditions, the mergers are expected to become effective before the market opens on November 6, 2023. The monthly distributions typically declared the first business day of the month for JPT, JPS, and JPC will be replaced by pre-merger distributions declared on October 24, 2023 with a record date of November 3, 2023. The payab
Common and preferred shareholders, as applicable, of Nuveen Preferred and Income Fund (NYSE:JPT), Nuveen Preferred & Income Securities Fund (NYSE:JPS), and Nuveen Preferred & Income Opportunities Fund (NYSE:JPC) have approved a proposal to merge the funds. The mergers will combine each of JPT and JPS into JPC. Subject to the satisfaction of certain customary closing conditions, the mergers are expected to become effective before the market opens on November 6, 2023.The monthly distributions typically declared the first business day of the month for JPT, JPS, and JPC will be replaced by pre-merger distributions declared on October 24, 2023 with a record date of November 3, 2023. The payable d
On Monday, 198 companies hit new 52-week lows. Things to Consider About Today's 52-Week Lows: Equity Residential (NYSE:EQR) was the biggest company by market cap to set a new 52-week low. The smallest company by market cap to hit a new 52-week low was CNS Pharmaceuticals (NASDAQ:CNSP). Graybug Vision (NASDAQ:GRAY) shares traded down 1205.63% to reach its 52-week low, making it the biggest loser. VBI Vaccines (NASDAQ:VBIV)'s stock bounced back the most, actually rising 0.0% after reaching its new 52-week low. Stocks that set new 52-week lows on Monday are as follows: Equity Residential (NYSE:EQR) stock dropped to a yearly low on Monday of $57.10. Shares traded up 0.64%. CF Ind
On Tuesday, 838 companies hit new 52-week lows. Noteworthy Highlights From Today's 52-Week Highs And Lows: The largest company by market cap to set a new 52-week low was Microsoft (NASDAQ:MSFT). The smallest company by market cap to set a new 52-week low was Mobilicom (NASDAQ:MOB). Happiness Development Gro (NASDAQ:HAPP) saw the most pronounced move, as shares traded down 1658.84% to hit its new 52-week low. SS&C Technologies Hldgs (NASDAQ:SSNC) was the biggest winner of the bunch, with shares actually trading up 0.0% after it rebounded from its new 52-week low. On Tuesday, the following stocks hit new 52-week lows: Microsoft (NASDAQ:MSFT) stock broke to a new 52-week low of $