Welcome to our dedicated page for JTD news (Ticker: JTD), a resource for investors and traders seeking the latest updates and insights on JTD stock.
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Shareholders of Nuveen Diversified Dividend and Income Fund (NYSE: JDD), Nuveen Tax-Advantaged Total Return Strategy Fund (NYSE: JTA), and Nuveen Tax-Advantaged Dividend Growth Fund (NYSE: JTD) have approved a reorganization plan. These funds will merge into a new entity named Nuveen Multi-Asset Income Fund (NMAI) on 22 November 2021, aiming for a more dynamic portfolio allocation focused on total return through high current income. Nuveen manages approximately $65 billion across 62 closed-end funds, targeting income-focused investors.
The Board of Trustees of Nuveen Diversified Dividend and Income Fund (NYSE: JDD), Nuveen Tax-Advantaged Total Return Strategy Fund (NYSE: JTA), and Nuveen Tax-Advantaged Dividend Growth Fund (NYSE: JTD) has approved a proposal to reorganize the funds into a single entity. Shareholder approval is required for the reorganization, which aims to create a fund focusing on a multi-asset strategy for total return via high income and capital appreciation. Detailed proxy materials will be available soon.