Nuveen Closed-End Fund Announces Commencement of Tender Offer
02 November 2015 - 11:22PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, announced
that Diversified Real Asset Income Fund (NYSE: DRA), a
closed-end fund, today commenced a tender offer.
As previously announced, the fund will purchase up to 10 percent
of its outstanding common shares for cash at a price per share
equal to 99 percent of the net asset value per share determined on
the date the tender offer expires. The tender offer will expire on
December 1, 2015 at 5:00 p.m. Eastern time, or on such later date
to which the offer is extended.
Additional terms and conditions of the tender offer are set
forth in the fund’s tender offer materials, which will be
distributed to shareholders. If the amount of the fund’s
outstanding common shares that is tendered exceeds the maximum
amount of its offer, the fund will purchase shares from tendering
shareholders on a pro rata basis. Accordingly, there is no
assurance that the fund will purchase all of a shareholder’s
tendered shares.
This announcement is not a recommendation, an offer to purchase
or a solicitation of an offer to sell shares of the fund. The
tender offer will be made only by an offer to purchase, a related
letter of transmittal and other documents, which have been filed
with the Securities and Exchange Commission as exhibits to a tender
offer statement on Schedule TO. Common shareholders of the fund
should read the offer to purchase and tender offer statement on
Schedule TO and related exhibits as they contain important
information about the tender offer. The offer to purchase and
related letter of transmittal are available free of charge at
http://www.sec.gov and from the fund by calling Georgeson, Inc.,
the fund’s information agent for the tender offer, at: (888)
660-8331.
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. Nuveen Investments operates as a separate
subsidiary within TIAA-CREF, which is a leading provider of
retirement and financial services in the academic, research,
medical and cultural fields. Funds distributed by Nuveen
Securities, LLC, a subsidiary of Nuveen Investments, Inc. In total,
Nuveen Investments managed approximately $220 billion as of
September 30, 2015. For more information, please visit the Nuveen
Investments website at www.nuveen.com.
11580-NUV-O-11/16
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version on businesswire.com: http://www.businesswire.com/news/home/20151102006903/en/
Nuveen InvestmentsMedia Contact:Kristyna Munoz, (312)
917-8343kristyna.munoz@nuveen.com
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