Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) announces a share repurchase program. Under this plan, the company will purchase its own shares. If a fund's aggregate assets attributable to common shares, taking into account common shares properly tendered in the tender offer, would be $70 million or greater, the tender offer will be completed and the fund's term structure will be eliminated.

If a fund's aggregate assets attributable to common shares after the tender offer would be less than $70 million, the tender offer will not be completed and no common shares will be repurchased, the restructuring proposal will not be implemented and instead, the fund will proceed to terminate as scheduled pursuant to its original term, on March 31, 2023 for NID and on June 30, 2023 for NIQ, unless the fund's Board of Trustees extends the term for up to twelve months in accordance with the fund's charter documents.