Nuv Pref & Incm Trm Fd

Nuveen Preferred and Income Term Fund (NYSE: JPI) announced the final results of a tender offer.

As previously announced, the fund conducted a tender offer allowing shareholders to offer up to 100% of their common shares for repurchase for cash at a price per share equal to 100% of the net asset value (NAV) per share as of the close of ordinary trading on the New York Stock Exchange on the expiration date of the tender offer. The tender offer expired on August 14, 2024 at 5:00 p.m. Eastern time.

In the tender offer, 8,672,542 common shares were tendered, representing approximately 38% of the fund’s common shares outstanding. Properly tendered shares will be repurchased as promptly as practicable at $20.0081 per share, which was the NAV of the fund as of the close of ordinary trading on the New York Stock Exchange on the expiration date, August 14, 2024.

2024-08-19T00:00:00-04:00August 19th, 2024|

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