Global Income and Currency Fund Completes Share Repurchase Offer
26 Abril 2012 - 8:00AM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced that the Global Income and Currency Fund (NYSE: GCF)
completed its offer to repurchase up to five percent of its
outstanding shares of common stock from its stockholders, known as
a repurchase offer.
Under the terms of the repurchase offer, the fund offered to
repurchase up to five percent of shares from stockholders at an
amount per share equal to the fund’s net asset value (NAV)
calculated as of the close of business of the New York Stock
Exchange on April 25, 2012, 14 days after April 11, 2012, the
expiration date of the repurchase offer. As of April 25, 2012, five
percent of the fund’s outstanding shares were repurchased by the
fund at $14.85 per share, subject to a repurchase fee of 1.85
percent of the NAV per share.
Neither the fund nor its Board of Directors made any
recommendation to any stockholder as to whether to tender or
refrain from tendering shares in the repurchase offer.
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.
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
approximately $230 billion as of January 31, 2012. For more
information, please visit the Nuveen Investments website at
http://www.nuveen.com.
Global Income & Currency Fund Inc. (NYSE:GCF)
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