The Fund is a newly organized, diversified, closed-end management investment company designed primarily as a long-term investment and not as a trading vehicle. The Fund is not intended to be a complete investment program and, due to the uncertainty inherent in all investments, there can be no assurance that the Fund will achieve its investment objectives of providing a high level of current income and returning the original net asset value of $9.85 per share on or about the termination date of the Fund. The Fund will attempt to strike a balance between these two investment objectives, seeking to provide as high a level of current income as is consistent with the Fund’s overall credit performance, the declining average maturity of its portfolio strategy and its objective of returning original net asset value at termination. As the Fund approaches termination, its monthly distributions are likely to decline. The Fund’s performance and the value of its investments will vary in response to changes in interest rates, the financial condition and creditworthiness of a security’s issuer, ratings on a security, perception of the issuer, and other market factors.
Investing in the Fund involves special risk considerations including but not limited to: No Operating History, Market Discount from Net Asset Value and Expected Reductions in Net Asset Value, Investment and Market Risk, Five-Year Term Risk, Earnings Risk, Leverage Risk, Below Investment Grade Risk, Defaulted and Distressed Securities Risk, Non-U.S. Securities Risk, Emerging Markets Risk, Debt Securities Risk, Interest Rate Risk, Duration Risk, Reinvestment Risk, Call Risk, Senior Loan Risk, Restricted and Illiquid Seurities Risk and Derivatives Risk, including the Risk of Swaps. For a complete listing of all of the Fund’s risks with their full descriptions, please see the Fund’s preliminary prospectus.
- Because the Fund is newly organized and has not commenced business, its shares have no history of public trading and the Fund does not have any performance history.
- Shares of the Fund may trade at a discount from their net asset value, which could be significant. The risk of loss due to this discount may be greater for investors who expect to sell their common shares in a relatively short period after completion of the public offering.
- An investment in the Fund’s common shares is subject to investment risk, including the possible loss of the entire amount of an investor’s investment.
- The Fund’s net asset value will be reduced immediately following this offering by the underwriting commissions and the amount of offering costs paid by the Fund. Additionally, the Fund’s common share price will fluctuate and, at the same time, may be above or below net asset value and may be worth more or less than the original investment.
The Fund is offering the common shares through a group of underwriters including Nuveen Securities, LLC.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission (SEC), but has not yet become effective. We may not sell these securities until the registration statement filed with the SEC is effective. This document is not an offer to sell these securities and is not a solicitation to buy these securities in any jurisdiction where the offer or sale is not permitted.
Before an investor invests, he or she should read the preliminary prospectus and consider the Fund’s investment objectives and policies, risk considerations, charges and expenses carefully. Once the Fund’s registration statement is effective, an investor should read the Fund’s final prospectus, which contains this and other information about the Fund, carefully. An investor may obtain these documents by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, the Fund, any underwriter or any dealer participating in this offering will arrange to send the preliminary prospectus if requested by calling 800-257-8787. The information contained on this website, in the investor brochure and in the preliminary prospectus is not complete and may be changed. The information contained in, or that can be accessed through, Nuveen’s website is not a part of the preliminary prospectus or investor brochure.
NOT FDIC INSURED MAY LOSE VALUE NO BANK GUARANTEE