Nuveen Credit Strategies Income Fund Announces Capital Return Plan

The Nuveen Credit Strategies Income Fund (NYSE: JQC) announced that the fund’s Board of Trustees at its December meeting approved adoption of a capital return plan.

The plan is the latest in a series of actions undertaken with the goal of enhancing fund competitiveness and investment returns for current and prospective common shareholders. Under the plan, JQC will return to shareholders 20 percent of common assets, or approximately $240 million of its capital as of December 14, 2018, over the next three years through supplemental amounts included in the fund’s regular monthly distributions. Additional information on the fund’s capital return plan is available here.

Pursuant to the plan, JQC is declaring its next monthly distribution. The following dates and amounts apply to today's monthly distribution declaration for JQC:

    
      
        
          Record Date
        
        
           
        
        
           
        
        
          January 15, 2019
        
      
      
        
          Ex-Dividend Date
        
        
        
        
        
        
          January 14, 2019
        
      
      
        
          Payable Date
        
        
        
        
        
        
          February 1, 2019
        
      
    
    
      
        
          

Ticker

Exchange

Fund Name

Ordinary

Income

Amount

Supplemental

Amount

Total

        
        
        
      
      
        
          JQC
        
        
        
        
          NYSE
        
        
        
        
          Nuveen Credit Strategies Income Fund
        
        
        
        
          $0.0385
        
        
           
        
        
          $0.0630
        
        
           
        
        
          $0.1015
        
        
        
      
    
    

As of December 14, 2018, the total distribution of $0.1015 would result in distribution rates of 14.1% and 16.4% on net asset value and market value, respectively. Closed-end fund historical distribution sources have included net investment income, realized gains and return of capital.

About Nuveen

Nuveen, 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 $988 billion in assets under management as of 9/30/18 and operations in 16 countries. Its affiliates 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.

The information contained on the Nuveen website is not a part of this press release.

Nuveen Securities, LLC, member FINRA and SIPC.

FORWARD LOOKING STATEMENTS

Certain 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:

• market developments;
• legal and regulatory developments; and
• other additional risks and uncertainties.

Nuveen and the closed-end funds managed by Nuveen and its affiliates undertake no responsibility to update publicly or revise any forward-looking statements.

693780-INV-O-12/20

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Kristyna [e-mail]