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Nuveen Senior Loan CEFs Announce Proposed MergersNuveen Senior Loan Closed-End Funds Announce Proposed Mergers NEW YORK, January 19, 2023 – The Boards of Trustees 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 (NSYE: JFR) have approved a proposal to merge the funds. The proposed mergers, if approved by shareholders, would combine each of NSL, JRO, and JSD into JFR. The mergers are intended to create a larger fund with lower net operating expenses, enhanced earnings potential, and increased trading volume on the exchange for common shares. The proposed mergers of the funds are subject to certain conditions, including necessary approval by the funds’ shareholders. Detailed information on the proposed mergers will be contained in proxy materials with respect to the Annual Meeting of Shareholders expected to be filed in the coming weeks. The mergers are not contingent on each other. Nuveen is a leading sponsor of closed-end funds (CEFs) with $54 billion of assets under management across 56 CEFs as of 30 Sep 2022. 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. |
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