Nuveen Closed-End Fund Announces Commencement of Tender Offer
April 06 2015 - 4:30PM
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), a closed-end fund, commenced a tender offer.
As previously announced, the fund 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 tender offer will expire on
May 8, 2015 at 5:00 p.m. Eastern time, or on such later date to
which the offer is extended.
Additional terms and conditions of the tender offer are set
forth in the fund’s tender offer materials, which will be
distributed to shareholders. If the amount of the fund’s
outstanding common shares that is tendered exceeds the maximum
amount of its offer, the fund will purchase shares from tendering
shareholders on a pro rata basis. Accordingly, there is no
assurance that the fund will purchase all of a shareholder’s
tendered shares.
This announcement is not a recommendation, an offer to purchase
or a solicitation of an offer to sell shares of the fund. The
tender offer will be made only by an offer to purchase, a related
letter of transmittal and other documents, which have been filed
with the Securities and Exchange Commission as exhibits to a tender
offer statement on Schedule TO. Common shareholders of the fund
should read the offer to purchase and tender offer statement on
Schedule TO and related exhibits as they contain important
information about the tender offer. The offer to purchase and
related letter of transmittal are available free of charge at
http://www.sec.gov and from the fund by calling Georgeson, Inc.,
the fund’s information agent for the tender offer, at: (888)
660-8331.
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. 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.
6933-INV-O-04/16
Nuveen InvestmentsMedia Contact:Kristyna Munoz(312)
917-8343KRISTYNA.MUNOZ@NUVEEN.COM
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