JPT - Dividend announcements

Nuveen today announced that three Nuveen Closed-End Funds have declared pre-merger distributions. The specific distribution dates and amounts are detailed below. As previously announced, common and preferred shareholders, as applicable, of Nuveen Preferred and Income Fund (NYSE:JPT), Nuveen Preferred & Income Securities Fund (NYSE:JPS), and Nuveen Preferred & Income Opportunities Fund (NYSE:JPC), have approved a proposal to merge the funds. The mergers will combine each of JPT and JPS into JPC. The pre-merger distribution for each fund being acquired is intended to fully distribute the acquired fund's accumulated undistributed net investment income (UNII) prior to the closing of the mergers

Nuveen Preferred and Income 2022 Term Fund (NYSE:JPT) announced the final results of a tender offer as well as an increase in its regular monthly distribution. As previously announced, the fund conducted a tender offer allowing shareholders to offer up to 100% of their common shares for repurchase for cash at a price per share equal to 100% of the net asset value per share determined on the date the tender offer expired. The tender offer expired on February 17, 2022 at 5:00 p.m. Eastern time. In the tender offer, 2,454,617 common shares were tendered, representing approximately 36% of the fund's common shares outstanding. Properly tendered shares will be repurchased as promptly as practic

Nuveen Preferred and Income 2022 Term Fund (NYSE:JPT) today commenced a tender offer. As previously announced, the fund will conduct a tender offer allowing shareholders to offer up to 100% of their shares for repurchase for cash at a price per share equal to 100% of the net asset value per share determined on the date the tender offer expires. The tender offer will expire on February 17, 2022 at 5:00 p.m. Eastern time, or on such later date to which the offer is extended. The completion of the fund's tender offer is subject to certain conditions, including that the aggregate net assets of the fund must equal or exceed $70 million as of the expiration date of the tender offer, taking into

Shareholders of Nuveen Preferred and Income 2022 Term Fund (NYSE:JPT) have approved a proposal to restructure the fund. The restructuring will allow shareholders the opportunity to maintain their investment in the fund and its exposure to a leveraged strategy focused on preferred and other income producing securities in lieu of the scheduled termination of the fund. Prior to the effectiveness of the restructuring, the fund will conduct a tender offer allowing shareholders to offer up to 100% of their shares for repurchase at net asset value. The fund expects to announce the tender offer shortly. If the fund's net assets taking into account shares properly tendered in the tender offer would