Nuveen Announces Merger for Global Currency Closed-End Funds
Nuveen Announces Merger for Global Currency 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 shareholders of the Global Currency and Income Fund (NYS: GCF) approved a merger. As part of a previously announced portfolio repositioning, the merger is intended to create a single global currency fund with a simplified investment strategy offering broad-based currency exposure and interest rate diversification, lower operating expenses and increased common share float, due to the larger scale of the merged fund.
In connection with the shareholder approval, the funds will be merged as follows:
Acquired Fund | Symbol | Acquiring Fund | Symbol | |||
Global Currency and Income Fund | GCF | Nuveen Diversified Currency Opportunities Fund | JGT |
Subject to the satisfaction of certain customary closing conditions, the reorganization is expected to close prior to the opening of the New York Stock Exchange on December 10, 2012. More detailed information about the portfolio repositioning and merger can be found in the Restructuring Overview.
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, Symphony Asset Management, NWQ Investment Management Company, Santa Barbara Asset Management, Tradewinds Global Investors, Winslow Capital Management, and Gresham Investment Management. In total, Nuveen Investments managed approximately $220 billion as of September 30, 2012. For more information, please visit the Nuveen Investments website at www.nuveen.com.
Media Contact:
Nuveen Investments
Kristyna Munoz, 312-917-8343
kristyna.munoz@nuveen.com
KEYWORDS: United States North America Illinois New York
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