Nuveen Closed-End Fund Completes Preferred Share Issuance
Nuveen Short Duration Credit Opportunities Fund Common Shares of Beneficial Interest (JSD)
US:NYSE Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=jsd
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Nuveen today announced that the Nuveen Short Duration Credit Opportunities Fund (NYSE: JSD) has issued $100 million of Taxable Fund Preferred Shares (TFP Shares) in a private placement. The Fund will use the net proceeds from the sale of the TFP Shares, along with cash already held by the Fund, to redeem all of the Fund’s outstanding Series 2020 Term Preferred Shares and to reduce borrowings under the Fund’s credit facility. The Fund and the amount of newly issued TFP Shares are as follows:Fund & Common Share Symbol SeriesShareAmountTaxable FundPreferredCUSIPNuveen Short Duration Credit Opportunities Fund (NYSE: JSD)Series A100,00067074X305The new TFP Shares were issued with terms establishing an initial Variable Rate Remarketed Mode and a term redemption date of November 1, 2029. During the Variable Rate Remarketed Mode, the dividend rate will be set daily by the remarketing agent, and the TFP Shares may be tendered by holders for remarketing by the rem
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