Nuveen Multi-Asset Income Fund Declares Initial Distribution

Rhea-AI Summary

The Nuveen Multi-Asset Income Fund (NYSE: NMAI) has announced its initial quarterly managed distribution of $0.3500 per share, effective from December 31, 2021. This follows the fund's trading commencement on November 22, 2021, after reorganizing from three other funds. The record date is set for December 15, 2021 and the ex-dividend date is December 14, 2021. The fund aims to provide consistent cash flow through a systematic managed distribution policy, reflecting an increase compared to its predecessor funds.

Positive

• Initial quarterly distribution of $0.3500 per share reflects an increase from previous funds.
• Managed distribution policy aims to provide consistent and predictable cash flow for shareholders.
• Strong background of Nuveen as a leading sponsor of closed-end funds with $65 billion in assets under management.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- The Nuveen Multi-Asset Income Fund (NYSE: NMAI) declared its initial quarterly managed distribution of $0.3500 per share. The fund began trading on the NYSE on November 22, 2021 following the reorganization of Nuveen Diversified Dividend and Income Fund (JDD), Nuveen Tax-Advantaged Total Return Strategy Fund (JTA), and Nuveen Tax-Advantaged Dividend Growth Fund (JTD) into NMAI.

The following dates apply to today's quarterly distribution declaration:

Record Date				December 15, 2021
Ex-Dividend Date				December 14, 2021
Payable Date				December 31, 2021
Ticker		Exchange		Fund Name		Quarterly Distribution Amount Per Share		Distribution Rate on Initial $20 NAV		Market Distribution Rate*
NMAI		NYSE		Nuveen Multi-Asset Income Fund		$0.3500		7.00%		7.73%
*Market price as of November 26, 2021

The new distribution per share for NMAI reflects an increase, compared to JDD, JTA and JTD’s most recent distribution per share, for all shareholders on a common share equivalent-basis, which takes into account the different NAV levels of the funds before and after the reorganization.

NMAI has adopted a managed distribution policy. The goal of a managed distribution program is to provide shareholders relatively consistent and predictable cash flow by systematically converting expected long-term return potential into regular distributions. Historical distribution sources have included net investment income, realized gains and return of capital. If a distribution includes anything other than net investment income, the fund provides a notice of the best estimate of its distribution sources at that time which may be viewed at www.nuveen.com/CEFdistributions. These estimates may not match the final tax characterization contained in shareholders’ 1099-DIV forms after the end of the year.

Under a managed distribution policy, Nuveen closed-end funds seek to maintain a stable regular distribution amount that, over the long term, matches the fund’s total distributions paid to its total return. Investors should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate or from the terms of its managed distribution policy.

• Actual returns likely will differ from projected long-term returns, (and therefore a fund’s distribution rate, also), at least over shorter time periods. Over a specific timeframe, a fund’s net asset value will increase (if returns exceed distributions), or decrease (if distributions exceed returns), by the difference between actual returns and total distributions.

• A return of capital is a non-taxable distribution of a portion of the fund’s capital. When a fund’s returns exceed distributions, return of capital may represent portfolio gains earned, but not realized as a taxable capital gain. In periods when a fund’s returns fall short of distributions, it will represent a portion of the investors’ original principal unless the shortfall is offset during other time periods over the life of the investment (previous or subsequent) when the fund’s total return exceeds distributions.

For additional information about managed distributions, please see Understanding Managed Distributions.

Nuveen is a leading sponsor of closed-end funds (CEFs) with $65 billion of assets under management across 62 CEFs as of September 30, 2021. 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.

For more information, please visit Nuveen’s CEF homepage www.nuveen.com/closed-end-funds or contact:

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 $1.2 trillion in assets under management as of 30 September 2021 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 in this release are 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;
• legal and regulatory developments; and
• other additional risks and uncertainties.

Nuveen and the closed-end funds managed by Nuveen and its affiliates undertake no responsibility to update publicly or revise any forward-looking statement.

EPS-1938017PR-E1121X

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Financial Professionals:

800-752-8700

Investors:

800-257-8787

Media:

media-inquiries@nuveen.com

Source: Nuveen

FAQ

What is the distribution amount for Nuveen Multi-Asset Income Fund (NMAI)?

The initial quarterly distribution amount for NMAI is $0.3500 per share.

When is the record date for the NMAI distribution?

The record date for the NMAI distribution is December 15, 2021.

What is the ex-dividend date for NMAI?

The ex-dividend date for NMAI is December 14, 2021.

When will the NMAI distribution be payable?

The NMAI distribution will be payable on December 31, 2021.

What distinguishes NMAI's distribution policy?

NMAI's managed distribution policy aims to provide shareholders with consistent cash flow by converting expected long-term returns into regular distributions.