Nuveen Announces Tender Offer for Diversified Real Asset Income Fund
September 23 2014 - 9:25AM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced that Diversified Real Asset Income Fund (NYSE:
DRA) will purchase up to 10 percent of its outstanding
common shares for cash at a price per share equal to 99 percent of
the net asset value per share determined on the date the tender
offer expires. The fund currently expects its tender offer to
commence on October 3, 2014 and expire on November 7, 2014, unless
extended.
Additional terms and conditions of the tender offer will be set
forth in the fund’s offering materials, which are expected to be
distributed to common shareholders on or about October 3, 2014. If
more than 10 percent of its outstanding common shares are tendered,
and not withdrawn, the fund will purchase shares from tendering
shareholders on a pro rata basis. Accordingly, shareholders cannot
be assured that the fund will purchase all of its tendered common
shares.
This announcement is not a recommendation, an offer to purchase
or a solicitation of an offer to sell shares of the fund. The fund
has not yet commenced the tender offer described in this release.
Any tender offer will be made only by an offer to purchase, a
related letter of transmittal and other documents that will be
filed with the SEC as exhibits to a tender offer statement on
Schedule TO and will be available free of charge at the SEC’s
website at www.sec.gov. Common shareholders should read the offer
to purchase and tender offer statement on Schedule TO and related
exhibits when those documents are filed and become available as
they will contain important information about the tender offer. The
fund will also make available, without charge, the offer to
purchase and the letter of transmittal.
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. The fund is 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.
Nuveen InvestmentsMedia Contact:Kristyna Munoz, (312)
917-8343kristyna.munoz@nuveen.com
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