Nuveen Global Income & Currency Fund Inc. Announces Repurchase Offer
01 Março 2011 - 6:10PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions and high-net-worth investors, today
announced that the Global Income & Currency Fund Inc. (NYSE:
GCF) announced its offer to repurchase up to five percent of
its outstanding shares of common stock from its stockholders
(“Repurchase Offer”).
Under the terms of the Repurchase Offer, the fund is offering to
repurchase up to five percent of its shares from stockholders at an
amount equal to the fund’s net asset value (“NAV”) per share
calculated as of the close of business of the New York Stock
Exchange on April 27, 2011, less a repurchase fee of up to 1.73
percent of the value of the shares repurchased. The Repurchase
Offer is scheduled to commence on March 16, 2011 and will expire on
April 13, 2011, unless extended, with payment for the shares
repurchased to be made on or before May 4, 2011.
The fund has established a record date of March 2, 2011, solely
for the purpose of identifying stockholders eligible to receive
Repurchase Offer materials.
The Repurchase Offer is not conditioned upon the tender for
repurchase of any minimum number of shares. If the number of shares
properly tendered and not withdrawn prior to the Repurchase Offer
request deadline is less than or equal to the Repurchase Offer
Amount, the fund will, upon the terms and conditions of the
Repurchase Offer, repurchase all shares so tendered. If
stockholders tender for repurchase more shares than the fund is
offering to repurchase, the fund may (but is not obligated to)
increase the number of shares that the fund is offering to
repurchase by up to two percent of the shares outstanding on the
Repurchase Offer request deadline. If the number of shares tendered
exceeds the number of shares that it is offering to repurchase
(including any increase over the original amount, if the fund has
elected to increase that amount as described above), the fund will
repurchase the shares on a pro-rata basis.
Neither the fund, its investment adviser, subadviser nor Board
of Directors is making any recommendation to any stockholder as to
whether to tender or refrain from tendering shares in the
Repurchase Offer.
Nuveen Investments provides high quality investment services
designed to help secure the long-term goals of institutions,
high-net-worth and affluent 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—NWQ, Nuveen Asset Management, Santa Barbara,
Symphony, Tradewinds and Winslow Capital. In total, Nuveen
Investments managed $197 billion as of December 31, 2010. For more
information, please visit the Nuveen Investments website at
www.nuveen.com.
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