Nuveen Investments Declares Monthly Tax-Free Distributions for Nuveen Preferred and Income Term Fund, Payable on November 1, 2016
October 03, 2016 at 05:37 pm EDT
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Nuveen Investments declared monthly tax-free distributions of $0.1625 per share for Nuveen Preferred and Income Term Fund. The dividend is payable on November 1, 2016, record date is October 14, 2016 and ex-dividend date is October 12, 2016.
Nuveen Preferred and Income Term Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide a high level of current income and total return. The Fund seeks to provide a high level of current income and total return by investing at least 80% of its managed assets in preferred and other income-producing securities, including hybrid securities such as contingent capital securities, with a focus on securities issued by financial and insurance firms. At least 50% of its managed assets are rated investment grade at the time of purchase or, if unrated, judged to be of comparable quality by the fund's portfolio team. The Fund invests up to 20% of its managed assets in securities issued by federal, state and local governments and United States government agencies. The Fund may invest up to 10% of its managed assets in securities of issuers in emerging market countries. Its investment adviser is Nuveen Fund Advisors, LLC.
NUVEEN PREFERRED AND INCOME TERM FUND 
