Nuveen Municipal 2021 Target Term Fund Declares Special Distribution
Nuveen has declared a special tax-exempt distribution for the Nuveen Municipal 2021 Target Term Fund (NYSE: NHA) amounting to $0.1485 per share. The record date is set for February 23, 2021, with an ex-dividend date of February 22, 2021, and the payable date on February 26, 2021. The fund is scheduled to liquidate around March 1, 2021, aiming to return its original net asset value (NAV) of $9.85. As of February 11, 2021, the NAV was $9.86, but recent market conditions have increased risks associated with this objective.
- Declared a special tax-exempt distribution of $0.1485 per share.
- Current NAV is $9.86, slightly above the original NAV of $9.85.
- Increased risk of not achieving the objective of returning original NAV due to market conditions.
Nuveen today announced that the Nuveen Municipal 2021 Target Term Fund (NYSE: NHA) declared a special tax-exempt distribution.
The following dates apply to today's special distribution declaration:
Record Date |
|
February 23, 2021 |
Ex-Dividend Date |
|
February 22, 2021 |
Payable Date |
|
February 26, 2021 |
Ticker |
Exchange |
Fund Name |
Special Per Share
|
|||
NHA |
NYSE |
Nuveen Municipal 2021 Target Term Fund |
|
As previously announced, consistent with its investment objectives and organizational documents, the fund plans to terminate its existence and liquidate on or about March 1, 2021. As the fund approaches liquidation, its common shares will continue trading on the New York Stock Exchange through February 23, 2021 and will be suspended from trading before the open of trading on February 24, 2021.
The special tax-exempt 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
The current net asset value (NAV) of the fund as of the close of business on February 11, 2021 was
As previously announced, due to recent market conditions, NHA has increased risk associated with achieving its objective of 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.
About Nuveen
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
The information contained on the Nuveen website is not a part of this announcement.
Nuveen Securities, LLC, member FINRA and SIPC.
FORWARD LOOKING STATEMENTS:
Certain statements made or referenced herein 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 events identified in this press release;
- legal and regulatory developments; and
- other additional risks and uncertainties.
Nuveen and the closed-end funds managed by Nuveen and its investment specialists undertake no responsibility to update publicly or revise any forward-looking statements.
EPS-1522342PR-E0221X
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FAQ
What is the special distribution amount for NHA?
When is the ex-dividend date for NHA?
When will NHA liquidate?
What was the NAV of NHA as of February 11, 2021?
What factors could affect NHA's ability to return original NAV?
