{"id":435352,"date":"2021-02-12T17:10:10","date_gmt":"2021-02-12T22:10:10","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=435352"},"modified":"2021-02-12T17:10:10","modified_gmt":"2021-02-12T22:10:10","slug":"nuveen-municipal-2021-target-term-fund-declares-special-distribution","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nuveen-municipal-2021-target-term-fund-declares-special-distribution\/","title":{"rendered":"Nuveen Municipal 2021 Target Term Fund Declares Special Distribution"},"content":{"rendered":"

<\/p>\n

Nuveen Municipal 2021 Target Term Fund Declares Special Distribution<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nNuveen today announced that the Nuveen Municipal 2021 Target Term Fund (NYSE: NHA) declared a special tax-exempt distribution.\n<\/p>\n

\nThe following dates apply to today’s special distribution declaration:\n<\/p>\n\n\n\n\n
\n

Record Date<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

February 23, 2021<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Ex-Dividend Date<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

February 22, 2021<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Payable Date<\/b><\/p>\n<\/td>\n

\n

\n\u00a0\n<\/p>\n<\/td>\n

\n

February 26, 2021<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n\n
\n

Ticker<\/b><\/p>\n<\/td>\n

\n\n

Exchange<\/b><\/p>\n<\/td>\n

\n\n

Fund Name<\/b><\/p>\n<\/td>\n

\n\n

Special Per Share
\n
Distribution
\n
Tax-Exempt
\n
Income<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\nNHA\n<\/p>\n<\/td>\n

\n\n

\nNYSE\n<\/p>\n<\/td>\n

\n\n

\nNuveen Municipal 2021 Target Term Fund\n<\/p>\n<\/td>\n

\n\n

\n$0.1485\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nAs previously announced, consistent with its investment objectives and organizational documents, the fund plans to terminate its existence and liquidate on or about March 1, 2021. As the fund approaches liquidation, its common shares will continue trading on the New York Stock Exchange through February 23, 2021 and will be suspended from trading before the open of trading on February 24, 2021.\n<\/p>\n

\nThe special tax-exempt distribution declared today, together with the fund\u2019s final liquidating distribution, should be considered as part of the fund\u2019s objective to return the original $9.85 net asset value of the fund (Original NAV) on or about March 1, 2021.\n<\/p>\n

\nThe current net asset value (NAV) of the fund as of the close of business on February 11, 2021 was $9.86. The fund\u2019s NAV will be reduced by the amount of the distribution declared today on the Ex-Dividend Date.\n<\/p>\n

\nAs previously announced, due to recent market conditions, NHA has increased risk associated with achieving its objective of returning the Original NAV at its termination. The investment objective relating to Original NAV is not a guarantee and is dependent on a number of factors including the extent of market recovery and the cumulative level of income retained in relation to cumulative portfolio gains net of losses.\n<\/p>\n

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

\nNuveen, 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 $1.2 trillion in assets under management as of 31 Dec 2020 and operations in 27 countries. Its investment specialists 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<\/a>.\n<\/p>\n

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

\nNuveen Securities, LLC, member FINRA and SIPC.\n<\/p>\n

\nFORWARD LOOKING STATEMENTS:\n<\/p>\n

\nCertain statements made or referenced herein 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:\n<\/p>\n