Nuveen Flexible Investment Income Fund Begins Trading on NYSE
26 Junho 2013 - 9:00AM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced it has successfully completed the initial public offering
of the Nuveen Flexible Investment Income Fund (NYSE:
JPW). The new closed-end fund’s investment objectives are to
provide high current income and, secondarily, capital appreciation.
The fund will seek to achieve its investment objectives by
investing in income producing securities. The fund will begin
trading on the New York Stock Exchange (NYSE) today, under the
symbol JPW.
The fund raised approximately $70 million in its common share
offering, excluding any exercise of the underwriters’ option to
purchase additional shares. If the underwriters exercise that
option in full, the fund will have raised $80.5 million.
Nuveen Fund Advisors, LLC will be the fund’s investment adviser,
responsible for the fund’s overall investment strategy and its
implementation, including the use of leverage. Nuveen Fund
Advisors, a registered investment adviser, is a subsidiary of
Nuveen Investments. NWQ Investment Management Company, LLC, also a
subsidiary of Nuveen Investments, will be the fund’s sub-adviser
and responsible for the day-to-day management of the fund’s
portfolio of securities. The lead managers of the underwriting
syndicate were Morgan Stanley & Co. LLC, Citigroup Global
Markets Inc. and Nuveen Securities, LLC.
Shares of closed-end investment companies, like the fund,
usually trade on a national stock exchange. Similar to stocks, the
fund’s share price will fluctuate with market conditions and, at
the time of sale, may be worth more or less than the original
investment. Shares of closed-end funds often trade at a discount to
their net asset value.
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, LLC, Symphony Asset Management
LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset
Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital
Management, LLC and Gresham Investment Management LLC, all of which
are registered investment advisers and subsidiaries of Nuveen
Investments, Inc. In total, Nuveen Investments managed
approximately $224 billion as of March 31, 2013. For more
information, please visit the Nuveen Investments website at
www.nuveen.com.
Investors should consider the investment objectives and
policies, risk considerations, charges and expenses of the fund
carefully before investing. For a prospectus which contains this
and other information relevant to an investment in the fund, please
contact your securities representative or Nuveen Investments, LLC,
333 W. Wacker Drive, Chicago, IL 60606. Investors should read the
prospectus carefully before they invest or send money.
This document is not an offer to sell securities and is not
soliciting an offer to buy securities in any jurisdiction where the
offer or sale is not permitted
Nuveen InvestmentsMedia Contact:Kristyna Munoz(312)
917-8343KRISTYNA.MUNOZ@NUVEEN.COM
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