{"id":1008417,"date":"2026-10-07T21:12:03","date_gmt":"2026-10-08T01:12:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nuveen-municipal-credit-opportunities-fund-announces-preliminary-results-of-rights-offering\/"},"modified":"2026-10-07T21:12:03","modified_gmt":"2026-10-08T01:12:03","slug":"nuveen-municipal-credit-opportunities-fund-announces-preliminary-results-of-rights-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nuveen-municipal-credit-opportunities-fund-announces-preliminary-results-of-rights-offering\/","title":{"rendered":"Nuveen Municipal Credit Opportunities Fund Announces Preliminary Results of Rights Offering"},"content":{"rendered":"

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Nuveen Municipal Credit Opportunities Fund Announces Preliminary Results of Rights Offering<\/b><\/p>\n

CHICAGO–(BUSINESS WIRE<\/a>)–
\nNuveen Municipal Credit Opportunities Fund (NYSE: NMCO) (the \u201cFund\u201d) today announced the preliminary results of its transferable rights offering (the \u201cOffer\u201d) which expired at 5:00 p.m., Eastern time, on October 7, 2026 (the \u201cExpiration Date\u201d). The Offer entitled the rights holders to subscribe for additional common shares of the Fund (\u201cCommon Shares\u201d).<\/p>\n

\nThe Offer is expected to result in the issuance of approximately 13.7 million Common Shares (including notices of guaranteed delivery). The subscription price for the Common Shares to be issued was $8.25 per Common Share, which was equal to 90% of the Fund\u2019s net asset value per Common Share at the close of trading on the NYSE on the Expiration Date. As a result, the gross proceeds of the Offer are expected to be approximately $113 million.<\/p>\n

\nThe Common Shares subscribed for are expected to be issued on or about October 15, 2026, after completion and receipt of all shareholder payments. The final subscription price is lower than the original estimated subscription price. Accordingly, any excess payments will be returned to subscribing rights holders as soon as practicable, in accordance with the prospectus supplement dated August 27, 2026.<\/p>\n

This document is not an offer to sell any securities and is not soliciting an offer to buy any securities in any jurisdiction where the offer or sale is not permitted. This document is not an offering, which can only be made by a prospectus. Investors should consider the Fund\u2019s investment objectives, risks, charges and expenses carefully before investing. The Fund\u2019s prospectus supplement and accompanying prospectus contain this and additional information about the Fund and additional information about the Offer, and should be read carefully before investing. To obtain the Fund\u2019s prospectus supplement and accompanying prospectus, please contact the Fund\u2019s information agent at 866-920-9543.<\/b><\/p>\n

\nNuveen is a leading sponsor of closed-end funds (\u201cCEFs\u201d) with $54 billion in assets under management across 37 CEFs as of 30 Jun 2026. The funds offer exposure to a broad range of asset classes and are designed for income-focused investors seeking regular distributions. Nuveen has more than 35 years of experience managing CEFs.<\/p>\n

About Nuveen<\/b><\/p>\n

\nNuveen is a global investment leader, managing $1.4T in public and private assets for clients around the world, as of 30 Jun 2026. With broad expertise across income and alternatives, we invest in the growth of businesses, real estate, infrastructure, and natural capital, providing clients with the reliability, access, and foresight unique to our 125+ year heritage. Our prevailing perspective on the future drives our ambition to innovate and adapt our business to the changing needs of investors \u2014 all to pursue lasting performance for our clients, our communities, and our global economy. For more information, please visit www.nuveen.com<\/a>. Nuveen Securities, LLC, member FINRA and SIPC.<\/p>\n

\nThe information contained on the Nuveen website is not a part of this press release.<\/p>\n

\nCertain 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:<\/p>\n