Nuveen Texas Quality Municipal Income Fund Announces Intention to Redeem Preferred Shares
01 Septiembre 2017 - 3:05PM
Business Wire
The Nuveen Texas Quality Municipal Income Fund (NYSE: NTX) has
filed with the Securities and Exchange Commission notice of
intention to redeem all outstanding Institutional MuniFund Term
Preferred (iMTP) shares. The iMTP redemption price will be the
$5,000 liquidation preference per share, plus an additional amount
representing the final accumulated distribution amounts owed. The
fund expects to finance the iMTP share redemption with the proceeds
of newly issued preferred shares and the redemption is contingent
upon the completion of all aspects of such preferred share
placement by the fund, which may not occur as planned. Official
notification of the redemption will be delivered to iMTP
shareholders at a later date through The Depository Trust Company
(DTC).
The anticipated date of redemption of the outstanding iMTP
shares are as follows:
Fund & Common Share Symbol
Share
iMTP
Anticipated
Amount
CUSIP
Redemption Date Nuveen Texas Quality Municipal Income
Fund (NYSE: NTX) 14,400 670983501 October 2, 2017
The address of the calculation and paying agent, The Bank of New
York Mellon, is 101 Barclay Street, Floor 7E, New York, New York
10286
The fund intends to offer the new preferred shares to qualified
institutional buyers (as defined in Rule 144A of the Securities Act
of 1933 (the Securities Act) in a private offering exempt from
registration under the Securities Act.
No preferred shares, including iMTP shares, have been registered
under the Securities Act or any state securities laws. Unless so
registered, no preferred shares may be offered or sold in the
United States except pursuant to an exemption from the registration
requirements of the Securities Act and applicable state securities
laws. This press release is neither an offer to sell nor a
solicitation of an offer to buy any securities.
About Nuveen
Nuveen offers a comprehensive range of outcome-focused
investment solutions designed to secure the long-term financial
goals of institutional and individual investors. As the investment
management arm of TIAA, Nuveen has $929 billion in assets under
management as of 6/30/17 and operations in 16 countries. Its
affiliates 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.
The information contained on the Nuveen website is not a part of
this press release.
FORWARD LOOKING STATEMENTS:
Certain statements made or referenced in this release may be
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, including the
successful sale of new preferred securities by the fund identified
in this press release;
- legal and regulatory developments;
and
- other additional risks and
uncertainties.
Nuveen and the closed-end funds managed by Nuveen and its
affiliates undertake no responsibility to update publicly or revise
any forward-looking statements.
224351-INV-O-08/19
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NuveenKristyna Munoz254-644-1615kristyna.munoz@nuveen.com
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