Nuveen Fund Board Approves Closed-End Fund Merger
Nuveen Taxable Municipal Income Fund Common Shares of Beneficial Interest (NBB)
US:NYSE Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=nbb
Company Research
Source: Business Wire
CHICAGO--(BUSINESS WIRE)-- The Board of Trustees of Nuveen Build America Bond Fund (NYSE: NBB) and Nuveen Build America Bond Opportunity Fund (NYSE: NBD) have approved a proposal to merge NBD into NBB (the “Merger”). As part of the proposal, the Board also approved the elimination of NBB’s contingent term policy. Both of these changes require shareholder approval. If each fund obtains the necessary shareholder approvals at its annual shareholder meeting to be held later this year, shareholders of the combined fund who do not wish to maintain their investment in the combined fund will be given an opportunity following completion of the Merger to sell a portion of their investment in the combined fund at net asset value, less a small repurchase fee. In addition, the Board approved the expansion of NBB’s investment policy of investing at least 80% of its Managed Assets in Build America Bonds (“BABs”) to inv
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Sec Filings
- 4/5/24 - Form SC
- 3/11/24 - Form 3
- 3/8/24 - Form 3
- NBB's page on the SEC website