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Stock impact report

Nuveen Closed-End Funds Announce Intention to Redeem Preferred Shares

NUVEEN NC QUALITY MUNI INCOME FUND (NNC) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- The Nuveen North Carolina Quality Municipal Income Fund (NYSE: NNC) and Nuveen Georgia Quality Municipal Income Fund (NYSE: NKG) have each filed with the Securities and Exchange Commission a notice of intention to redeem a portion of outstanding Variable Rate MuniFund Term Preferred shares (VMTP). The VMTP redemption price will be the $100,000 liquidation preference per share, plus an additional amount representing the final accumulated distribution amounts owed. The Funds expect to finance the VMTP share redemptions with the proceeds of newly created tender option bond trusts and the redemption is contingent upon the completion of all aspects of such trust creation by the Funds, which may not occur as planned. Official notification of the redemption will be delivered to VMTP shareholders at a later date through The Depository Trust Company (DTC). The anticipated date of redem Show less Read more
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