Company Website:
http://www.nuveen.com
CHICAGO -- (Business Wire)
The Nuveen Tax-Advantaged Floating Rate Fund (NYSE MKT: JFP)today
announced that the fund’s Board of Trustees has approved a plan to
liquidate the fund and distribute the assets to shareholders of the
fund. In light of the fund’s small size and the persistent discount at
which the fund’s common shares have traded relative to its net asset
value, the fund’s Board of Trustees concluded that liquidation and
closure was in the best interests of shareholders. The fund will close
its books and records at the close of business on June 22, 2012 and its
common shares will cease to be traded. It is anticipated that the
liquidating distributions will begin June 27, 2012.
More detailed information about this action and the liquidation process
can be found in the JFP Liquidation Q&A by clicking here.
Nuveen Investments provides high-quality investment services designed to
help secure the long-term goals of institutional and individual
investors as well as the consultants and financial advisors who serve
them. Nuveen Investments markets a wide range of specialized investment
solutions which provide investors access to capabilities of its
high-quality boutique investment affiliates—Nuveen Asset Management,
Symphony Asset Management, NWQ Investment Management Company, Santa
Barbara Asset Management, Tradewinds Global Investors, Winslow Capital
Management, and Gresham Investment Management. In total, Nuveen
Investments managed approximately $227 billion as of March 31, 2012. For
more information, please visit the Nuveen Investments website at www.nuveen.com.
Contacts:
Nuveen Investments
Media Contact:
Kristyna Munoz
(312)
917-8343
kristyna.munoz@nuveen.com
Source: Nuveen Investments
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