Nuveen Announces Merger for Global Currency Closed-End Funds
19 Novembro 2012 - 12:00PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced that shareholders of the Global Currency and Income Fund
(NYSE: GCF) approved a merger. As part of a previously announced
portfolio repositioning, the merger is intended to create a single
global currency fund with a simplified investment strategy offering
broad-based currency exposure and interest rate diversification,
lower operating expenses and increased common share float, due to
the larger scale of the merged fund.
In connection with the shareholder approval, the funds will be
merged as follows:
Acquired Fund Symbol Acquiring
Fund Symbol Global Currency and Income Fund
GCF
Nuveen Diversified Currency Opportunities Fund
JGT
Subject to the satisfaction of certain customary closing
conditions, the reorganization is expected to close prior to the
opening of the New York Stock Exchange on December 10, 2012. More
detailed information about the portfolio repositioning and merger
can be found in the Restructuring Overview.
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 $220 billion as of September 30, 2012. For more
information, please visit the Nuveen Investments website at
www.nuveen.com.
Global Income & Currency Fund Inc. (NYSE:GCF)
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