Nuveen Preferred and Income 2022 Term Fund Announces Commencement of Tender Offer
20 Enero 2022 - 7:00AM
Business Wire
Nuveen Preferred and Income 2022 Term Fund (NYSE: JPT) today
commenced a tender offer. As previously announced, the fund will
conduct a tender offer allowing shareholders to offer up to 100% of
their shares for repurchase for cash at a price per share equal to
100% of the net asset value per share determined on the date the
tender offer expires. The tender offer will expire on February 17,
2022 at 5:00 p.m. Eastern time, or on such later date to which the
offer is extended.
The completion of the fund’s tender offer is subject to certain
conditions, including that the aggregate net assets of the fund
must equal or exceed $70 million as of the expiration date of the
tender offer, taking into account the amounts that would be paid to
shareholders who have properly tendered their shares. If the fund’s
net assets after the tender offer would be less than $70 million,
the tender offer will not be completed and no common shares will be
repurchased.
Additional terms and conditions of the tender offer will be set
forth in the fund’s tender offer documents, which will be
distributed to common shareholders.
The fund will declare its regular monthly distribution according
to a modified schedule. The following dates will apply to the
fund’s February monthly distribution:
Record Date
February 25, 2022
Ex-Dividend Date
February 24, 2022
Payable Date
March 1, 2022
Shareholders participating in the tender offer will not receive
the February 2022 monthly distribution on tendered shares.
This announcement is not a recommendation, an offer to purchase
or a solicitation of an offer to sell shares of the fund. Any
tender offer will be made only by an offer to purchase, a related
letter of transmittal and other documents that will be filed with
the Securities and Exchange Commission (SEC) as exhibits to a
tender offer statement on Schedule TO. Common shareholders should
read the fund’s offer to purchase and tender offer statement on
Schedule TO and related exhibits as they contain important
information about the fund’s tender offer. The offer to purchase
and related letter of transmittal are available free of charge at
the SEC’s website at www.sec.gov and from the fund by calling your
financial advisor or Georgeson, LLC, the information agent for the
fund’s tender offer, at (888) 658-5755.
Nuveen is a leading sponsor of closed-end funds (CEFs) with $65
billion of assets under management across 62 CEFs as of 30
September 2021. The funds offer exposure to a broad range of asset
classes and are designed for income-focused investors seeking
regular distributions. Nuveen has over 30 years of experience
managing CEFs.
For more information, please visit Nuveen’s CEF homepage
www.nuveen.com/closed-end-funds or contact:
Financial Professionals 800-752-8700
Investors 800-257-8787
Media media-inquiries@nuveen.com
About Nuveen
Nuveen, the investment manager of TIAA, offers a comprehensive
range of outcome-focused investment solutions designed to secure
the long-term financial goals of institutional and individual
investors. Nuveen has $1.2 trillion in assets under management as
of 30 September 2021 and operations in 27 countries. Its investment
specialists offer deep expertise across a comprehensive range of
traditional and alternative investments through a wide array of
vehicles and customized strategies. For more information, please
visit www.nuveen.com.
Nuveen Securities, LLC, member FINRA and SIPC.
The information contained on the Nuveen website is not a part of
this press release.
FORWARD-LOOKING STATEMENTS
Certain statements made in this release are forward-looking
statements. Actual future results or occurrences may differ
significantly from those anticipated in any forward-looking
statements due to numerous factors. These include, but are not
limited to:
• market developments;
• legal and regulatory developments;
• the satisfaction of conditions for completing the tender
offer; and
• other additional risks and uncertainties.
You should not place undue reliance on forward-looking
statements, which speak only as of the date they are made. Nuveen
and the closed-end funds managed by Nuveen and its affiliates
undertake no responsibility to update publicly or revise any
forward-looking statements.
The annual and semi-annual reports and other regulatory filings
of Nuveen closed-end funds with the Securities and Exchange
Commission (“SEC”) are accessible on the SEC’s web site at
www.sec.gov and on Nuveen’s web site at www.nuveen.com/cef and may
discuss the above-mentioned or other factors that affect Nuveen
closed-end funds. The information contained on the Nuveen website
is not a part of this press release.
EPS-1995441PR-E0122X
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Financial Professionals 800-752-8700 Investors 800-257-8787
Media media-inquiries@nuveen.com
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