Nuveen Announces Policy Changes for Senior Loan Closed-End Funds

Before you go, we thought you'd like these...
Before you go close icon

Nuveen Announces Policy Changes for Senior Loan Closed-End Funds

CHICAGO--(BUSINESS WIRE)-- Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that the Board of Trustees of four senior loan closed-end funds has approved changes to each of these funds' investment policies.

The changes to the investment policies of the four funds, Nuveen Floating Rate Income Fund , Nuveen Floating Rate Income Opportunity Fund , Nuveen Short Duration Credit Opportunities Fund and Nuveen Senior Income Fund , provide that up to 30 percent of managed assets may be invested in securities rated CCC+ and below.


The Board approved changes to each fund's investments policies in an effort to conform investment policies across the Nuveen senior loan closed-end funds and to increase the funds' investment flexibility.

More information on these and other Nuveen closed-end funds is posted on Nuveen's web site at www.nuveen.com/cef.

Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutional and individual investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliates—Nuveen Asset Management, LLC, Symphony Asset Management LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital Management, LLC and Gresham Investment Management LLC, all of which are registered investment advisers and subsidiaries of Nuveen Investments, Inc. In total, Nuveen Investments managed approximately $224 billion as of March 31, 2013. For more information, please visit the Nuveen Investments website at www.nuveen.com.



Nuveen Investments
Media Contact:
Kristyna Munoz, (312) 917-8343
kristyna.munoz@nuveen.com

KEYWORDS:   United States  North America  Illinois

INDUSTRY KEYWORDS:

The article Nuveen Announces Policy Changes for Senior Loan Closed-End Funds originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners