Nuveen Build America Bond Fund announces an Equity Buyback for 6,838,973 shares, representing 20% of its issued share capital.
January 14, 2019 at 05:00 am
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Nuveen Build America Bond Fund (NYSE: PBB) announces a share repurchase program. Under the offer, the company will repurchase up to 6,838,973 shares, representing 20% of its issued share capital. The shares will be purchased at a price equal to net asset value per share as on February 12, 2019. The offer will be funded from the proceeds of sales of securities in the company’s investment portfolio. If more than 20% of the shares are tendered, and not withdrawn, then the fund may choose to repurchase only a pro rata portion of the shares tendered by each shareholder. The offer will expire on February 12, 2019, unless otherwise extended. As of January 9, 2019, the company had 34,194,864 common shares issued and outstanding.
Georgeson LLC acted as information agent and Computershare Trust Company, N.A. acted as depositary to the company.
Nuveen Taxable Municipal Income Fund (the Fund) is a diversified, closed-end management investment company. The Fundâs primary investment objective is to provide current income through investments in taxable municipal securities. As a secondary objective, the Fund seeks to enhance portfolio value and total return. Under normal circumstances, the Fund invest at least 80% of its assets in taxable municipal securities. The Fund may invest up to 20% of its assets in securities other than taxable municipal securities, including municipal securities the interest income from which is exempt from regular federal income tax, United States, treasury securities and obligations of the United States government, its agencies, and instrumentalities. The Fundâs investment adviser is Nuveen Fund Advisors, LLC.
NUVEEN TAXABLE MUNICIPAL INCOME FUND 
