Global Income & Currency Fund Announces Repurchase Offer
02 Março 2012 - 11:00AM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions, high-net-worth and affluent 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 25, 2012, less a repurchase fee of up to 1.85
percent of the value of the shares repurchased. The Repurchase
Offer is scheduled to commence on March 14, 2012 and will expire on
April 11, 2012, unless extended, with payment for the shares
repurchased to be made on or before May 2, 2012.
The fund has established a record date of March 5, 2012, solely
for the purpose of identifying stockholders eligible to receive
Repurchase Offer materials. The fund's investment objective is to
provide current income while also seeking total returns. The fund
seeks to achieve its investment objective by constructing and
actively managing a portfolio of investments that provides long and
short exposure to selected foreign currencies.
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properly tendered and not withdrawn prior to the Repurchase Offer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 institutional and
individual 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—Nuveen Asset Management, Symphony Asset Management, NWQ
Investment Management Company, Santa Barbara Asset Management,
Tradewinds Global Investors, Winslow Capital Management, and
Gresham Investment Management. In total, Nuveen Investments managed
$220 billion as of December 31, 2011. For more information, please
visit the Nuveen Investments website at www.nuveen.com.
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