Nuveen Closed-End Fund Announces Intention to Redeem Preferred Shares

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The Nuveen Short Duration Credit Opportunities Fund JSD has filed with the Securities and Exchange Commission a notice of intention to redeem all of the outstanding Series 2020 Term Preferred Shares. The Series 2020 Term Preferred Share redemption price will be the $1,000 liquidation preference per share, plus an additional amount representing the final accumulated distribution amounts owed. The Fund expects to finance the Series 2020 Term Preferred Share redemption with the proceeds from the issuance of newly offered preferred shares and the redemption is contingent upon the completion of all aspects of such preferred share offering by the Fund, which may not occur as planned. Official notification of the redemption will be delivered to Series 2020 Term Preferred Share shareholders at a later date through The Depository Trust Company (DTC).

The details of the anticipated redemption of the outstanding Series 2020 Term Preferred Shares are as follows:

Fund & Common Share Symbol

 

Share Amount

 

Term Preferred CUSIP

 

Anticipated Redemption Date

Nuveen Short Duration Credit Opportunities Fund JSD

 

35,000

 

67074XAA5

 

October 29, 2019

The address of the redemption and paying agent, Computershare Inc., is as follows: 150 Royall Street, Canton, Massachusetts 02021.

The Fund intends to offer the new preferred shares to qualified institutional buyers (as defined in Rule 144A under the Securities Act of 1933 (the Securities Act) in a private offering exempt from registration under the Securities Act.

The new preferred shares have not been and will not be 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.

For more information, please visit Nuveen's CEF homepage www.nuveen.com/closed-end-funds.

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 over $1 trillion in assets under management as of 30 June 2019 and operations in 23 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.

Nuveen Securities, LLC, member FINRA and SIPC.

FORWARD LOOKING STATEMENTS:

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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 preferred share issuance 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.

EPS- 965668PR-E09/19

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