Shareholders of Nuveen Preferred and Income Term Fund (NYSEJPI) have approved a proposal to amend the fund’s declaration of trust to eliminate the fund’s term structure, subject to the completion of a tender offer. The amendment will allow shareholders the opportunity to maintain their investment in JPI and its leveraged exposure to preferred and other income producing securities in lieu of the fund’s scheduled termination.
The Board of Trustees of Nuveen Preferred and Income Term Fund (NYSEJPI) has approved a proposal that will allow shareholders of the fund the opportunity to maintain their investment in the fund and its leveraged exposure to preferred and other income producing securities.
Thursday's morning session saw 167 companies set new 52-week highs.
Points of Interest:
ASML Holding (NASDAQASML) was the largest company by market cap to set a new...
