SA News • Nov. 28, 2014
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Nov. 28, 2014, 10:45 AM
- The Nuveen Global Income Opportunities Fund (NYSE:JGG) and the Nuveen Diversified Currency Opportunities Fund (NYSE:JGT) were combined into a single new fund on November 24th; the Nuveen Global High Income Fund (NYSE:JGH).
- "This restructuring seeks to increase demand for the combined fund’s common shares and help the new fund’s shares trade at prices close to Net Asset Value by implementing a more understandable investment mandate within the well- established global high income market segment," as stated in a note to the shareholders released when the merger was approved in October.
- JGH will employ Nuveen’s global high income investment strategy, which seeks to identify securities from around the world, as well as across the capital structure and credit spectrum that offer a high level of current income.
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