An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
The following dates apply to today’s special distribution declaration:
Record Date May 25, 2022 Ex-Dividend Date May 24, 2022 Payable Date May 31, 2022
Ticker
Exchange
Fund Name
Special Per Share
Income
Distribution
JCO
NYSE
Nuveen Credit Opportunities 2022 Target Term Fund
$0.0713
As previously announced, consistent with its investment objectives and organizational documents, the fund plans to terminate its existence and liquidate on or about June 1, 2022. As the fund approaches liquidation, its common shares will continue trading on the New York Stock Exchange through May 25, 2022 and will be suspended from trading before the open of trading on May 26, 2022.
The current net asset value (NAV) of the fund as of the close of business on May 11, 2022 was $8.03. The fund’s NAV will be reduced by the amount of the distribution declared today on the Ex-Dividend Date.
The special distribution declared today, together with the fund’s final liquidating distribution, should be considered as part of the fund’s objective to return the original $9.85 net asset value of the fund (Original NAV) on or about June 1, 2022.
As previously announced, due to market conditions, JCO does not anticipate returning the Original NAV at its termination. The investment objective relating to Original NAV is not a guarantee and is dependent on a number of factors including the extent of market recovery and the cumulative level of income retained in relation to cumulative portfolio gains net of losses.
Nuveen is a leading sponsor of closed-end funds (CEFs) with $62 billion of assets under management across 58 CEFs as of 31 Mar 2022. The funds offer exposure to a broad range of asset classes and are designed for income-focused investors seeking regular distributions. Nuveen has more than 30 years of experience managing CEFs.
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.2 trillion in assets under management as of 31 Mar 2022 and operations in 27 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com.
Nuveen Securities, LLC, member FINRA and SIPC.
The information contained on the Nuveen website is not a part of this press release.
FORWARD-LOOKING STATEMENTS
Certain statements made or referenced in this release may be forward-looking statements. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements due to numerous factors. These include, but are not limited to:
market developments, including the timing of distributions and other events identified in this press release;
Nuveen Credit Opportunities 2022 Target Term Fund seeks to provide a high level of current income and return the original $9.85 net asset value per common share on or about 1 Jun 2022.*
The Fund generally invests in a portfolio of below investment grade corporate bonds and senior loans. The Fund may invest in other types of securities including convertible securities and other types of debt instruments and derivatives that provide comparable economic exposure to the corporate debt market. At least 80% of its managed assets will be in corporate debt securities and separately, at least 80% in securities that, at the time of investment, are rated below investment grade or unrated but judged by the managers to be of comparable quality. No more than 15% will be in securities rated CCC+/Caa1 or lower at the time of investment. Up to 30% may be in securities on non-U.S. issuers, including up to 20% in emerging market issuers, but 100% of managed assets will be in U.S. dollar denominated securities. In seeking to return the original NAV on or about 1 Jun 2022, the Fund intends to utilize various portfolio and cash flow management techniques, including setting aside a portion of its net investment income, possibly retaining gains and limiting the longest maturity on any holdings to no later than 1 Dec 2022. This Fund uses leverage.