Nuveen Announces Merger for Municipal Closed-End Funds
24 Juni 2013 - 2:00PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced the shareholders of the Nuveen Municipal High Income
Opportunity Fund (NYSE MKT: NMZ) and Nuveen Municipal High
Income Opportunity Fund 2 (NYSE: NMD) approved a merger. The
merger is intended to create a single, larger fund with lower
operating expenses and increased trading volume on the exchange for
its common shares. In connection with the shareholder approval, the
funds will be merged as follows:
Acquired Fund Symbol
Acquiring Fund Symbol Nuveen
Municipal High Income NMD Nuveen
Municipal High NMZ Opportunity Fund 2
Income Opportunity Fund
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 July 15, 2013. More
information on these and other Nuveen closed-end funds is posted on
Nuveen’s web site at www.nuveen.com/cef.
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.
FORWARD LOOKING STATEMENTS
Certain statements made in this release are 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:
o market developments;
o legal and regulatory developments; and
o 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.
The Annual and Semi-Annual Reports and other regulatory filings
of the Nuveen closed-end funds with the Securities and Exchange
Commission ("SEC") are accessible on the SEC's web site at
www.sec.gov and on Nuveen's web site at www.nuveen.com and may
discuss the above-mentioned or other factors that affect the Nuveen
closed-end funds. The information contained on our web site is not
a part of this press release.
Nuveen Municipal High Income Opportunity Fund 2 Common Shares of Beneficial Interest (NYSE:NMD)
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