CHICAGO–(BUSINESS WIRE)–Nuveen, an operating division of TIAA Global Asset Management, today
announced that Nuveen Senior Income Fund (NYSE: NSL) has issued Term
Preferred Shares through an offering registered with the U.S. Securities
and Exchange Commission.
Details of the Term Preferred Shares issuance are as follows:
|Fund||Common||Term Preferred||Number of Term||Term Redemption|
|Share||Shares Issuance||Preferred Shares||Date|
|Nuveen Senior Income Fund||NSL||$43,000,000.00||43,000||11/1/2021|
The fund intends to use the net proceeds from this offering of Term
Preferred Shares to redeem a portion of the fund’s outstanding Variable
Rate Term Preferred Shares (VRTP Shares).
The Term Preferred Shares will pay a dividend rate that will adjust
based upon a pre-determined schedule. Term Preferred 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. The Term Preferred Shares rank equally with the fund’s
outstanding VRTP Shares, with respect to liquidation and dividends. This
press release is neither an offer to sell nor a solicitation of an offer
to buy any of these securities.
Nuveen provides investment solutions designed to help secure the
long-term goals of individual investors and the advisors who serve them.
Through the investment expertise of leading asset managers across
traditional and alternative asset classes, Nuveen is committed to
delivering consultative guidance that aligns with client needs. Funds
are distributed by Nuveen Securities, LLC, a subsidiary of Nuveen
Investments, Inc. Nuveen is an operating division of TIAA Global Asset
Management. For more information, please visit the Nuveen website at www.nuveen.com.
The information contained on the Nuveen website is not a part of this
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
- market developments;
- 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
This notice is being provided pursuant to Regulation FD (Fair
Disclosure) to ensure that the fund’s common and preferred shareholders
have been informed of the fund’s issuance of Term Preferred Shares.