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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Nuveen Premium Income Municipal Fund IV, Inc. | NYSE:NPT | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 13.70 | 0 | 00:00:00 |
From Jan 2020 to Jan 2025
Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced results of annual and special meetings of shareholders of certain closed-end funds held on August 5, 2014 and August 15, 2014. Nuveen Investments also announced the adjournment of the meetings of certain closed-end funds to a later date to permit the continued solicitation of additional votes.
Election of Trustees/Directors
The trustees/directors of each fund who were standing for re-election at the meetings were elected by shareholders. Those current trustees and directors of certain funds whose multiple-year terms were not expiring this year and who therefore were not standing for re-election at the meetings, remain in office and continue to serve the term for which they were previously elected.
Approval of New Investment Management and Sub-Advisory Agreements
In connection with the acquisition of Nuveen Investments by TIAA-CREF (the transaction), shareholders of each fund were asked to approve a new investment management agreement and new sub-advisory agreements to allow the funds’ investment adviser and sub-adviser(s) to continue to serve in such capacities following the closing of the transaction. Shareholders of the following funds have approved the new investment management agreement and new sub-advisory agreements:
The meetings of the following funds have been adjourned until Friday, September 19, 2014 with respect to approval of the new investment management agreement and new sub-advisory agreements to permit the continued solicitation of additional votes:
The adjourned meetings for these funds will be held at 2:30 p.m., Central time, on Friday, September 19, 2014 at the offices of Nuveen Investments, 333 West Wacker Drive, Chicago, Illinois 60606.
As a result of the approvals of new investment management agreements and consents and other approvals obtained from other clients of Nuveen Investments’ affiliated advisors, the transaction condition requiring the consent of a specified percentage of clients of Nuveen Investments and its affiliated advisors has been satisfied. The transaction is currently expected to close early in the fourth quarter of 2014, but remains subject to other customary closing conditions.
Nuveen Equity Premium and Growth Fund
Shareholders of Nuveen Equity Premium and Growth Fund (JPG) have also approved a change in the fund’s sub-adviser from Gateway Asset Management Company, LLC to Nuveen Asset Management, LLC and a change to the investment objective for the fund. These changes are presently expected to become effective as of September 29, 2014.
Fund Reorganizations
Shareholders of Nuveen New Jersey Dividend Advantage Municipal Fund (NXJ), Nuveen New Jersey Investment Quality Municipal Fund, Inc. (NQJ), Nuveen New Jersey Premium Income Municipal Fund, Inc. (NNJ) and Nuveen New Jersey Dividend Advantage Municipal Fund 2 (NUJ) were asked to approve the reorganizations of NQJ, NNJ and NUJ into NXJ. Shareholders of NNJ and NXJ have approved the fund’s reorganization. The meetings of NUJ and NQJ have been adjourned until Monday, September 15, 2014 with respect to the approval of the reorganizations to permit the continued solicitation of additional votes.
Shareholders of Nuveen Investment Quality Municipal Fund, Inc. (NQM) were asked to approve the reorganization of American Municipal Income Portfolio Inc. into NQM. In addition, shareholders of NQM were asked to approve a new management agreement and sub-advisory agreement to allow the fund’s investment adviser and sub-adviser to continue to serve in such capacities following the closing of the transaction. The meeting of NQM has been adjourned until Monday, September 15, 2014 with respect to the approval of the reorganization and the management and sub-advisory agreements to permit the continued solicitation of additional votes.
The adjourned Meetings for NQJ, NUJ and NQM will be held at 2:00 p.m., Central time, on Monday, September 15, 2014 at the offices of Nuveen Investments, 333 West Wacker Drive, Chicago, Illinois 60606.
Each fund holding an adjourned meeting encourages shareholders who have not yet voted to vote now to help avoid further adjournments. Each fund’s Board recommends shareholders vote “for” each proposal. The proxy materials received by shareholders contain important information regarding the proposals. If shareholders have any questions regarding the proposals, or need assistance with voting, they may call Computershare Fund Services, the funds’ proxy solicitor, toll free at 1-866-209-5784.
Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutional and individual investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliates—Nuveen Asset Management, LLC, Symphony Asset Management LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital Management, LLC and Gresham Investment Management LLC, all of which are registered investment advisers and subsidiaries of Nuveen Investments, Inc. Funds distributed by Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc. In total, Nuveen Investments managed $231 billion as of June 30, 2014. For more information, please visit the Nuveen Investments website at www.nuveen.com.
The funds have filed or will file with the SEC solicitation materials in the form of proxy statements and/or joint proxy statement/prospectuses that will be included in registration statements on Form N-14, as applicable. Investors are urged to read the solicitation materials and any other relevant documents when they become available because they will contain important information. After they are filed, free copies of the solicitation materials will be available on the SEC’s web site at www.sec.gov.
The funds, Nuveen Fund Advisors and certain of their respective directors/trustees, officers and affiliates may be deemed under the rules of the SEC to be participants in the solicitation of proxies from shareholders. Information about the directors/trustees and officers of the funds may be found in their respective annual reports and, if applicable, annual proxy statements previously filed with the SEC. This communication is not a solicitation of a proxy from any fund shareholder and does not constitute an offer of any securities for sale. No offer of securities will be made except pursuant to a prospectus meeting the requirements of Section 10 of the Securities Act of 1933.
2811-INV-008/15
Nuveen InvestmentsMedia Contact:Kristyna Munoz, (312) 917-8343kristyna.munoz@nuveen.com
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