{"id":765794,"date":"2023-06-23T17:07:36","date_gmt":"2023-06-23T21:07:36","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nuveen-senior-loan-closed-end-funds-announce-shareholder-approval-of-proposed-mergers\/"},"modified":"2023-06-23T17:07:36","modified_gmt":"2023-06-23T21:07:36","slug":"nuveen-senior-loan-closed-end-funds-announce-shareholder-approval-of-proposed-mergers","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nuveen-senior-loan-closed-end-funds-announce-shareholder-approval-of-proposed-mergers\/","title":{"rendered":"Nuveen Senior Loan Closed-End Funds Announce Shareholder Approval of Proposed Mergers"},"content":{"rendered":"

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Nuveen Senior Loan Closed-End Funds Announce Shareholder Approval of Proposed Mergers<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nCommon and preferred shareholders of Nuveen Senior Income Fund (NYSE: NSL), Nuveen Floating Rate Income Opportunity Fund (NYSE: JRO), Nuveen Short Duration Credit Opportunities Fund (NYSE: JSD), and Nuveen Floating Rate Income Fund (NYSE: JFR) have approved a proposal to merge the funds. The mergers will combine each of NSL, JRO, and JSD into JFR. Subject to the satisfaction of certain customary closing conditions, the mergers are expected to become effective before the market opens on July 31, 2023.\n<\/p>\n

\nLeading up to the mergers, NSL, JRO, JSD, and JFR are expected to follow their normal distribution schedules. Following the mergers, JFR is expected to declare its regular August distribution on July 31, 2023, with a record date of August 15, 2023, payable September 1, 2023.\n<\/p>\n

\nNuveen is a leading sponsor of closed-end funds (CEFs) with $54 billion of assets under management across 54 CEFs as of 31 Mar 2023. 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.\n<\/p>\n

\nFor more information, please visit Nuveen\u2019s CEF homepage www.nuveen.com\/closed-end-funds<\/a> or contact:\n<\/p>\n

\nFinancial Professionals:
\n
800-752-8700\n<\/p>\n

\nInvestors:
\n
800-257-8787\n<\/p>\n

\nMedia:
\n
media-inquiries@nuveen.com<\/a><\/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 $1.1 trillion in assets under management as of 31 Mar 2023 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

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

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

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

\nCertain 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:\n<\/p>\n