Two Nuveen Closed-End Funds’ Shareholders Approve Proposals for Fund Restructuring
Nuveen Mortgage and Income Fund (JLS)
US:NYSE Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=jls
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Shareholders of Nuveen Mortgage Opportunity Term Fund (NYSE: JLS) and Nuveen Mortgage Opportunity Term Fund 2 (NYSE: JMT) approved a series of proposals relating to a restructuring of the funds which will allow shareholders the opportunity to maintain their exposure to securitized credit in lieu of the upcoming scheduled termination of each fund.The restructuring of each fund will include:An amendment to each fund’s charter to eliminate the term.A change in each fund’s investment objective to generate high current income through opportunistic investments in securitized credit.Updated investment policies for each fund to invest at least 65% of managed assets in MBS, including residential MBS and commercial MBS and to invest up to 35% in non-mortgage related asset-backed securities including, but not limited to, consumer, auto, collateralized loan obligations, solar, timeshare, aircraft and catastrophe bonds.A change in each fund’s name. JLS will be rename
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JLS
Sec Filings
- 3/15/24 - Form N-CEN
- 3/11/24 - Form 3
- 3/8/24 - Form 3
- JLS's page on the SEC website