Nuveen Mortgage Opportunity Term Fund 2 Announces Liquidation Details
NUVEEN MTG OPPORTUNITY TERM FUND 2 CO (JMT)
US:NYSE Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=jmt
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--The Nuveen Mortgage Opportunity Term Fund 2 (NYSE: JMT) today announced new details concerning its liquidation. JMT plans to terminate its existence and liquidate on or about December 20, 2019. JMT was launched as a ten-year term fund with a termination date of February 28, 2020. The Board of Trustees of JMT has approved the liquidation and termination of the fund on or about December 20, 2019, ahead of the original termination date.As the fund approaches liquidation, its common shares will continue trading on the New York Stock Exchange through December 13, 2019 and will be suspended from trading before the open of trading on December 16, 2019. The fund will not declare its regular monthly distribution in December 2019 and expects that all accumulated earnings will be included in the final liquidating distribution. The fund anticipates making its final liquidating distribution on or about December 20, 2019.Shareholders may recognize gain or loss for U.S
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