Nuveen Commodity Funds Adjourn Annual Meetings
March 31 2015 - 4:15PM
Business Wire
Adjourned meeting to be held May 15, 2015 to Permit Continued
Solicitation of Additional Votes
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced that the Nuveen Diversified Commodity Fund (NYSE MKT:
CFD) and the Nuveen Long/Short Commodity Total Return Fund (NYSE
MKT: CTF) adjourned their annual meetings of shareholders until May
15, 2015 to allow additional solicitation of votes on the proposed
plan to convert the funds into open-end exchange-traded funds
(ETFs). As previously announced, the purpose of the conversion plan
is to seek a closer alignment between the funds’ share price and
net asset value. The funds are not currently, and after the
conversion will not be, mutual funds or any other type of
investment company within the meaning of the Investment Company Act
of 1940.
The adjournment will be until 11:00 a.m. (for CFD) and 11:30
a.m. (for CTF), Central Time, on Friday, May 15, 2015, at the
offices of Nuveen Investments, 333 W. Wacker Dr., Chicago,
Illinois. During the pendency of the adjourned meeting,
shareholders holding shares as of the record date of January 30,
2015 who have not yet voted are encouraged to vote on the
conversion plan. Brokers cannot vote the shares on this non-routine
matter, so shareholders holding shares through a brokerage firm
must vote their shares for the purposes of receiving sufficient
votes to decide this issue. Shareholders may also change their vote
by executing a new proxy.
The funds have filed a joint proxy statement with the Securities
and Exchange Commission (SEC) pursuant to which the funds are
soliciting proxies in connection with seeking shareholder approval
of the conversion plan. Shareholders are urged to thoroughly read
the proxy statements the funds have filed with the SEC, any
supplements thereto and any other relevant documents that the funds
may file with the SEC in the future (when they become available),
as they contain important information. Shareholders are able to
obtain, free of charge, copies of the proxy statements and any
other documents filed by the funds with the SEC in connection with
the annual meetings at the SEC’s website at www.sec.gov, by calling
NCAM at 877-827-5920 or by writing the funds at 333 W. Wacker
Drive, Chicago, Illinois, 60606.
Investments in shares of the funds are 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 their
commodity investments. The funds 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. For more information about the
funds, including a more complete description of risks, please see
the funds’ website.
This is not a solicitation to buy or sell the funds’ shares. The
funds do not presently offer any new shares for sale; existing
shares trade on the NYSE MKT.
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 independent investment
subsidiaries of Nuveen Investments, Inc. Nuveen Commodities Asset
Management, LLC (NCAM) is the manager of the Funds. NCAM is
registered as a commodity pool operator with the Commodity Futures
Trading Commission. Nuveen Investments operates as a separate
subsidiary within TIAA-CREF, which is a leading provider of
retirement and financial services in the academic, research,
medical and cultural fields. In total, Nuveen Investments managed
approximately $230 billion as of December 31, 2014. For more
information, please visit the Nuveen Investments website at
www.nuveen.com.
Forward-Looking Statements
This press release includes forward-looking statements,
including statements concerning the purposes and timing of the
conversion plan, within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, that involve
substantial risks and uncertainties. In some cases, you can
identify forward-looking statements by terminology such as “may,”
“will,” “should,” “expect,” “plan,” “anticipate,” “believe,”
“estimate,” “predict,” “potential” or the negative of these terms
or other comparable terminology. These forward-looking statements
are based on current expectations, estimates and projections and
are subject to a number of risks, uncertainties and other factors,
both known and unknown, that could cause the actual results,
performance, prospects or opportunities of the funds to differ
materially from those expressed in, or implied by, these
forward-looking statements.
You should not place undue reliance on any forward-looking
statements. Except as expressly required by the federal securities
laws or otherwise, the funds undertake no obligation to publicly
update or revise any forward-looking statements or the risks,
uncertainties or other factors described in this press release, as
a result of new information, future events or changed circumstances
or for any other reason after the date of this press release.
6581-INV-O03/16
Nuveen InvestmentsMedia Contact:Kristyna Munoz(312)
917-8343kristyna.munoz@nuveen.com
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