Nuveen Investments, an operating division of TIAA Global Asset Management, has announced that it intends to propose a plan of reorganization to the Board of the Nuveen Global Equity Income Fund (JGV).
Nuveen recently announced a plan to accelerate the growth of its global product platform at NWQ Investment Management Company. Assuming necessary Fund Board and shareholder approvals are received, this plan would consolidate a number of existing global equity funds currently managed by Tradewinds Global Investors into funds managed by NWQ Investment Management Company, including that of JGV.
Under the proposed reorganization plan, JGV would be reorganized into the open-end Nuveen NWQ Global Equity Income Fund, reflecting differing approaches between JGV’s current mandate and NWQ’s global equity income mandate. JGV shareholders would receive Class A shares of the NWQ fund in the reorganization. Nuveen expects to make this proposal at the Board’s upcoming meeting in late May. If approved by the Fund’s Board, the proposed reorganization is subject to shareholder approval at the fund’s annual meeting to be held this fall.
Nuveen provides investment solutions designed to help secure the long-term goals of individual investors and the financial advisors who serve them. Through the expertise and capabilities of TIAA Global Asset Management’s high-caliber investment managers, Nuveen is committed to providing world-class consultative services and advice that align with client needs. Funds distributed by Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc. Nuveen Investments is an operating division of TIAA Global Asset Management.