Nuveen Investments, today announced that the Board of Trustees of two of
its closed-end funds has approved the funds’ ability to more broadly
invest in US dollar-denominated non-U.S. securities. The two funds are
the Nuveen Preferred and Income Term Fund (NYSE: JPI) and
Nuveen Preferred Income Opportunities Fund (NYSE: JPC).
The elimination of the funds’ existing 40 percent limit on non-U.S.
securities reflects the evolution of the preferred securities market
over time.
Nuveen Investments provides high-quality investment services designed to
help secure the long-term goals of institutional and individual
investors as well as the consultants and financial advisors who serve
them. Nuveen Investments markets a wide range of specialized investment
solutions which provide investors access to capabilities of its
high-quality boutique investment affiliates—Nuveen Asset Management,
LLC, Symphony Asset Management LLC, NWQ Investment Management Company,
LLC, Santa Barbara Asset Management, LLC, Tradewinds Global Investors,
LLC, Winslow Capital Management, LLC and Gresham Investment Management
LLC, all of which are registered investment advisers and subsidiaries of
Nuveen Investments, Inc. Fund distributed by Nuveen Securities, LLC, a
subsidiary of Nuveen Investments, Inc. Nuveen Investments operates as a
separate subsidiary within TIAA-CREF, which is a leading provider of
retirement and financial services in the academic, research, medical and
cultural fields. In total, Nuveen Investments managed approximately $220
billion as of September 30, 2015. For more information, please visit the
Nuveen Investments website at www.nuveen.com.
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