Nuveen Closed-End Fund Announces Intention to Redeem Preferred Shares
28 Novembro 2018 - 7:41PM
Business Wire
The Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:
NQP) has filed with the Securities and Exchange Commission a notice
of intention to redeem outstanding Variable Rate MuniFund Term
Preferred Shares (VMTP). The VMTP redemption price will be the
$100,000 liquidation preference per share, plus an additional
amount representing the final accumulated distribution amount owed.
The Fund expects to finance the VMTP share redemption with the
proceeds of newly created tender option bond trusts and the
redemption is contingent upon the completion of all aspects of such
trust creation by the Fund, which may not occur as planned.
Official notification of the redemption will be delivered to VMTP
shareholders at a later date through The Depository Trust Company
(DTC).
The anticipated date of redemption of the outstanding VMTP
shares are as follows:
Fund & Common
Share Symbol Share VMTP Anticipated
Amount CUSIP Redemption Date
Nuveen Pennsylvania Quality Municipal
Income Fund (NYSE: NQP)
435 670972868 12/28/2018
The address of the redemption and paying agent, Computershare
Inc., is as follows: 250 Royall Street, Canton, Massachusetts
02021.
About Nuveen
Nuveen, the investment manager of TIAA, offers a comprehensive
range of outcome-focused investment solutions designed to secure
the long-term financial goals of institutional and individual
investors. Nuveen has $988 billion in assets under management as of
9/30/18 and operations in 16 countries. Its affiliates offer deep
expertise across a comprehensive range of traditional and
alternative investments through a wide array of vehicles and
customized strategies. For more information, please visit
www.nuveen.com. Nuveen Securities, LLC, member FINRA and SIPC.
The information contained on the Nuveen website is not a part of
this press release.
FORWARD LOOKING STATEMENTS:
Certain statements made or referenced in this release may be
forward-looking statements. Actual future results or occurrences
may differ significantly from those anticipated in any
forward-looking statements due to numerous factors. These include,
but are not limited to:
- market developments, including the
successful trust creation identified in this press release;
- legal and regulatory developments;
and
- other additional risks and
uncertainties.
Nuveen and the closed-end funds managed by Nuveen and its
affiliates undertake no responsibility to update publicly or revise
any forward-looking statements.
679418-INV-O-11/20
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version on businesswire.com: https://www.businesswire.com/news/home/20181128005806/en/
Name Kristyna MunozPhone 254-644-1615Email
kristyna.munoz@nuveen.com
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