{"id":834202,"date":"2025-04-04T18:13:07","date_gmt":"2025-04-04T22:13:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nuveen-credit-strategies-income-fund-announces-rights-offering-update\/"},"modified":"2025-04-04T18:13:07","modified_gmt":"2025-04-04T22:13:07","slug":"nuveen-credit-strategies-income-fund-announces-rights-offering-update","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nuveen-credit-strategies-income-fund-announces-rights-offering-update\/","title":{"rendered":"Nuveen Credit Strategies Income Fund Announces Rights Offering Update"},"content":{"rendered":"

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Nuveen Credit Strategies Income Fund Announces Rights Offering Update<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nNuveen Credit Strategies Income Fund (NYSE: JQC) announced today that, in connection with the Fund\u2019s transferable Rights Offering that commenced March 31, 2025, trading of the Fund\u2019s transferrable subscription rights (\u201cRights\u201d) (NYSE: JQC RT) will be suspended from trading on the NYSE effective before market open on April 7, 2025.\n<\/p>\n

\nThe Rights are being suspended from trading on the NYSE due to the Rights trading at a price below $0.01. The NYSE may reinstate trading in the Rights at its discretion and there is no guarantee that such reinstatement will occur. During the period which the Rights are suspended from trading on the NYSE, the Rights are expected to trade on the OTC Market under the ticker symbol \u201cJQCNR\u201d beginning at market open on April 7, 2025; however, there can be no assurance that a market for the Rights will develop or, if such a market does develop, what the price of the Rights will be.\n<\/p>\n

\nFor more information on the Rights Offering, including key terms of the Offering, please visit nuveen.com\/rights<\/a>.\n<\/p>\n

The information in this press release is not complete and is subject to change. 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 objective, 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. For further information regarding the Offer, or to obtain a prospectus supplement and the accompanying prospectus, please contact the Fund\u2019s information agent at 833-363-8485.<\/b><\/p>\n

\nNuveen is a leading sponsor of closed-end funds (CEFs) with $53 billion in assets under management across 45 CEFs as of 31 December 2024. 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

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 $1.3 trillion in assets under management as of 31 December 2024 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

\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:\n<\/p>\n