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Nuveen Intermediate Duration Municipal Term Fund - NID STOCK NEWS

Welcome to our dedicated page for Nuveen Intermediate Duration Municipal Term Fund news (Ticker: NID), a resource for investors and traders seeking the latest updates and insights on Nuveen Intermediate Duration Municipal Term Fund stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Nuveen Intermediate Duration Municipal Term Fund's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Nuveen Intermediate Duration Municipal Term Fund's position in the market.

Rhea-AI Summary

Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) has completed its termination and liquidation as of March 31, 2023. The fund, launched on December 5, 2012, primarily invested in municipal securities. During liquidation, shareholders received a cash distribution of $11.6956 per common share, with a total final liquidating distribution of $13.4154 per share. The fund distributed units of a liquidating trust valued at $1.7198 per unit. Over its ten-year term, NID paid $6.0315 per share in distributions, reflecting an average annual distribution rate of 4.08%. Investors must consult tax professionals for implications related to the liquidation.

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Rhea-AI Summary

Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) and Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE: NIQ) have received shareholder approval for a restructuring proposal. This will permit shareholders to maintain their investments in leveraged, intermediate duration funds investing in municipal securities, rather than facing scheduled terminations. A key condition involves a tender offer for repurchasing common shares at net asset value if assets exceed $70 million. If successful, funds will eliminate their term structures and implement a management fee waiver for the first year.

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-1.95%
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Rhea-AI Summary

The Board of Trustees of Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) and Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE: NIQ) has proposed a shareholder vote to amend their funds' declaration of trust, aiming to eliminate their scheduled terminations. Shareholders will decide on a tender offer for 100% of outstanding shares at net asset value. If assets remain above $70 million post-tender, the term will be eliminated, changing the funds' names and waiving 50% of management fees for the first year to boost earnings.

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-0.46%
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FAQ

What is the market cap of Nuveen Intermediate Duration Municipal Term Fund (NID)?

The market cap of Nuveen Intermediate Duration Municipal Term Fund (NID) is approximately 610.0M.

Nuveen Intermediate Duration Municipal Term Fund

NYSE:NID

NID Rankings

NID Stock Data

610.01M
Investment Banking and Securities Dealing
Finance and Insurance
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