NEW YORK--(BUSINESS WIRE)--The effective date of a recently announced closed-end fund merger and associated changes has been updated. Due to the Veteran’s Day holiday, the merger of the Nuveen Build America Bond Opportunity Fund (NYSE: NBD) and Nuveen Build America Bond Fund (NYSE: NBB) is expected to become effective before the market open on November 19, 2018, subject to the satisfaction of certain customary closing conditions. Implementation of the associated changes to NBB’s name and investment policies (including elimination of the fund’s contingent term) will also become effective on the closing date of the merger.
For more detailed information on the fund merger and associated changes, please click here.
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 $988 billion in assets under management as of 9/30/18 and operations in 16 countries. Its affiliates 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;
- 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 statements.
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