Nuveen Commodity Funds Declare Monthly Distributions
September 01 2016 - 6:24PM
Business Wire
Nuveen Investments, an operating division of TIAA Global Asset
Management, today announced that the Nuveen Diversified Commodity
Fund (NYSE MKT:CFD) and the Nuveen Long/Short Commodity
Total Return Fund (NYSE MKT: CTF) declared regular monthly
distributions.
The following dates apply to the distributions for CFD and
CTF: Record Date September 30, 2016
Ex-Dividend Date September 28, 2016 Payable
Date October 3, 2016
Monthly Distribution Per Share Change From
Ticker
Exchange
Funds
Amount Previous Month CFD NYSE MKT Diversified Commodity
Fund $.0580
- CTF NYSE MKT Long/Short Commodity Total Return
Fund $.0900
-
The funds intend to make regular monthly distributions to
shareholders based on past and projected performance. Among other
factors, the funds seek to establish a distribution rate that
roughly corresponds to projections by the fund’s manager, Nuveen
Commodities Asset Management, of the total return that could
reasonably be expected to be generated by the funds over an
extended period of time. Investors should not draw any conclusions
about a fund’s past or future investment performance from its
current distribution rate. As market conditions and portfolio
performance may change, the rate of distributions on the shares and
the funds’ distribution policy could change.
Because each fund expects to be classified as a partnership for
tax purposes, shareholders will be allocated their pro-rata share
of the fund’s income, gains, losses, deductions and credits for
purposes of computing their tax liability. Fund shareholders will
receive a Schedule K-1 which reports their allocable portion of
such tax items. An investment in the funds’ shares is subject to
investment risk, including the possible loss of the entire amount
invested. The funds invest primarily in commodity futures contracts
and options on commodity futures contracts, which have a high
degree of price variability and are subject to rapid and
substantial price changes. The funds could incur significant losses
on commodity investments. The funds are commodity pools; they are
not mutual funds, closed-end funds, or any other type of
“investment company” within the meaning of the Investment Company
Act of 1940, as amended, and are not subject to regulation
thereunder.
This press release is not a solicitation to buy or sell fund
shares. The funds do not presently offer any new shares for sale;
existing shares trade on the NYSE MKT.
Nuveen Commodity Asset Management, LLC is the manager of the
funds and is registered as a commodity pool operator with the
Commodity Futures Trading Commission. Nuveen provides investment
solutions designed to help secure the long-term goals of individual
investors and the advisors who serve them. Through the investment
expertise of leading asset managers across traditional and
alternative asset classes, Nuveen is committed to delivering
consultative guidance that aligns with client needs. Nuveen is an
operating division of TIAA Global Asset Management. For more
information, please visit the Nuveen website at www.nuveen.com.
18998-INV-O-08/17
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Nuveen InvestmentsMEDIA CONTACT:Kristyna Munoz(312)
917-8343kristyna.munoz@nuveen.com
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