Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced that the Annual Meeting of Shareholders for the Nuveen
Diversified Commodity Fund (NYSE MKT: CFD) has been
adjourned to June 30, 2015 to allow additional solicitation of
votes on the proposed plan to convert the fund into an exchange
traded fund (ETF). As previously announced, the purpose of the
conversion is to seek a closer alignment between the fund’s share
price and net asset value.
The adjournment will be until 2:30 p.m., Central Time, on
Tuesday, June 30, 2015, at the offices of Nuveen Investments, 333
W. Wacker Dr., Chicago, Illinois. During the pendency of the
adjourned meeting, shareholders holding shares as of the record
date of January 30, 2015 who have not yet voted are encouraged to
vote on the conversion plan. Brokers cannot vote the shares on this
non-routine matter, so shareholders holding shares through a
brokerage firm must vote their shares for the purposes of receiving
sufficient votes to decide this issue. Shareholders may also change
their vote by executing a new proxy.
Assuming necessary approvals are obtained, the conversion of the
fund to an ETF is expected to be completed in the fourth quarter of
2015. The fund requires both shareholder approval and regulatory
approval of its conversion plan. There can be no assurance that
such approvals will be obtained, or if obtained, that the
conversions will be completed in the anticipated time frame or will
achieve their stated purpose.
The fund is not currently, and after the conversion will not be,
a mutual fund or any other type of investment company within the
meaning of the Investment Company Act of 1940. The fund has filed a
proxy statement with the Securities and Exchange Commission (SEC)
pursuant to which the fund continues to solicit proxies in
connection with seeking shareholder approval of the conversion
plan. Shareholders are urged to thoroughly read the proxy statement
the fund has filed with the SEC, any supplements thereto and any
other relevant documents that the fund may file with the SEC in the
future (when they become available), as they contain important
information. Shareholders are able to obtain, free of charge,
copies of the proxy statement and any other documents filed by the
fund with the SEC in connection with the annual meetings at the
SEC’s website at www.sec.gov, by calling Nuveen Commodities Asset
Management at 877-827-5920 or by writing the fund at 333 W. Wacker
Drive, Chicago, Illinois, 60606.
Investors planning to purchase shares of the fund prior to year
end should refer to the tax section of the fund’s Information
Statements, review the detailed Tax Q&A located on the fund’s
website, and consult their tax advisors. Investors who buy shares
at a discount to NAV and hold them through year end may be subject
to an acceleration of capital gain recognition. Important
information regarding the fund’s investment strategy and risks is
set forth in the fund’s Information Statements available on the
fund’s website.
Investments in shares of the fund are subject to investment
risk, including the possible loss of the entire amount invested.
The fund invests primarily in commodity futures contracts and
options on commodity futures contracts, which have a high degree of
price variability and are subject to rapid and substantial price
changes. The fund could incur significant losses on its commodity
investments. The fund is not a mutual fund, closed-end fund, or any
other type of “investment company” within the meaning of the
Investment Company Act of 1940, as amended, and is not subject to
regulation thereunder. For more information about the fund,
including a more complete description of risks, please see the
fund’s website.
This is not a solicitation to buy or sell the fund’s shares. The
fund does not presently offer any new shares for sale; existing
shares trade on the NYSE MKT.
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, LLC, Symphony Asset Management
LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset
Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital
Management, LLC and Gresham Investment Management LLC, all of which
are registered investment advisers and independent investment
subsidiaries of Nuveen Investments, Inc. Nuveen Commodities Asset
Management, LLC ("NCAM") NCAM is the manager of the Funds. NCAM is
registered as a commodity pool operator ("CPO") with the Commodity
Futures Trading Commission ("CFTC"). Nuveen Investments operates as
a separate subsidiary within TIAA-CREF, which is a leading provider
of retirement and financial services in the academic, research,
medical and cultural fields. In total, Nuveen Investments managed
$233 billion as of March 31, 2015. For more information, please
visit the Nuveen Investments website at www.nuveen.com.
Forward-Looking Statements
This press release includes forward-looking statements,
including statements concerning the purposes and timing of the
conversion plan, within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, that involve
substantial risks and uncertainties. In some cases, you can
identify forward-looking statements by terminology such as “may,”
“will,” “should,” “expect,” “plan,” “anticipate,” “believe,”
“estimate,” “predict,” “potential” or the negative of these terms
or other comparable terminology. These forward-looking statements
are based on current expectations, estimates and projections and
are subject to a number of risks, uncertainties and other factors,
both known and unknown, that could cause the actual results,
performance, prospects or opportunities of the fund to differ
materially from those expressed in, or implied by, these
forward-looking statements.
You should not place undue reliance on any forward-looking
statements. Except as expressly required by the federal securities
laws or otherwise, the fund undertakes no obligation to publicly
update or revise any forward-looking statements or the risks,
uncertainties or other factors described in this press release, as
a result of new information, future events or changed circumstances
or for any other reason after the date of this press release.
8546-INV-O-06/16
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version on businesswire.com: http://www.businesswire.com/news/home/20150615006427/en/
Nuveen InvestmentsMedia Contact:Kristyna Munoz(312)
917-8343KRISTYNA.MUNOZ@NUVEEN.COM
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