Nuveen Real Estate Income Fund to Issue $50 Million in Taxable Auction Preferred Shares.CHICAGO -- Nuveen Investments, a leading provider of diversified investment services, today announced that the Nuveen Real Estate Income Fund (NYSE NYSE See: New York Stock Exchange :JRS JRS Jesuit Refugee Service JRS Journal of Roman Studies JRS Japan Radiological Society JRS Journal of Refractive Surgery JRS Joint Reporting Structure JRS Job Referral Service JRS Joint Reporting System JRS Joint Research Center JRS Jamaica Reservation Service ) has filed plans with the Securities Exchange Commission to issue approximately an additional $50 million in Taxable Auction Preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. . "This offering reflects the sustained increase in portfolio net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. since the fund's launch," said Bill Adams, Executive Vice President, Nuveen Investments. "If completed, this offering would aid the Fund in reestablishing its original leverage ratio in pursuit of its objective of providing high current income and capital appreciation." The investment objective of JRS is high current income and capital appreciation. The Fund invests in income-producing common stocks, preferred stocks, convertible preferred stocks, and debt securities issued by REITs and other real estate companies. For more information about JRS and other Nuveen exchange-traded closed-end funds, visit www.nuveen.com/cef. Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutions and high-net-worth investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets its highly specialized investment teams, each with its own brand name and area of expertise: NWQ, specializing in value-style equities; Nuveen, managing fixed-income investments; Santa Barbara, committed to growth equities; Tradewinds NWQ, specializing in global value equities; Rittenhouse, focused on "blue-chip" growth equities; and Symphony, with expertise in alternative investments as well as equity and income portfolios. In total, the Company manages just over $136 billion in assets. Nuveen Investments is listed on The New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and trades under the symbol "JNC JNC Joint National Committee JNC Japan Nuclear Cycle Development Institute JNC Judicial Nominating Commission JNC Jet Navigation Chart JNC Journal of Nuclear Cardiology JNC JNet Consultancy (Netherlands) ." Featuring the investment expertise of Nuveen, NWQ, Rittenhouse, Santa Barbara, Symphony and Tradewinds NWQ |
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