Nuveen Texas Quality Municipal Income Fund Completes Preferred Share Issuance
22 Septiembre 2017 - 3:30PM
Business Wire
The Nuveen Texas Quality Municipal Income Fund (NYSE: NTX) has
successfully completed a $72.0 million private placement of
MuniFund Preferred Shares, Series A (MFP Series A Shares) with a
qualified institutional buyer, as defined in Rule 144A under the
Securities Act of 1933. The fund will use the net proceeds from the
sale of the MFP Series A Shares, along with cash already held by
the fund, to redeem all of its outstanding 14,400 Institutional
MuniFund Term Preferred Shares, Series 2018.
The MFP Series A Shares were issued with terms establishing an
initial Variable Rate Mode ending October 2, 2019, and a term
redemption date of September 1, 2047. During the Variable Rate
Mode, the dividend will be set weekly based on a predetermined
formula. The MFP Series A Shares are preferred securities of the
fund and are senior, with priority in all respects, to the fund's
common shares in liquidation and as to payments of dividends.
No MFP Series A Shares have been registered under the Securities
Act of 1933 (the Securities Act) or any state securities laws.
Unless so registered, no MFP Series A 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 of these
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.
Nuveen Securities, LLC, member FINRA and SIPC.
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.
266637-INV-O-09/19
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version on businesswire.com: http://www.businesswire.com/news/home/20170922005645/en/
NuveenKristyna Munoz254-644-1615kristyna.munoz@nuveen.com
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