Nuveen Commodity Funds Declare Monthly Distributions
April 01 2016 - 5:15PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions, as well as individual investors, today
announced that the Nuveen Diversified Commodity Fund (NYSE
MKT:CFD) and the Nuveen Long/Short Commodity Total Return Fund
(NYSE MKT: CTF) declared regular monthly distributions.
The following dates apply to the distributions for CFD and
CTF: Record Date April 29,
2016 Ex-Dividend Date April 27, 2016 Payable
Date May 2, 2016
Monthly Distribution Per Share Change
From
Ticker
Fund
Name
Amount Previous Month CFD Diversified
Commodity Fund $.0580 - CTF Long/Short Commodity Total Return Fund
$.0900 -
The funds intend to make regular monthly distributions to
shareholders based on past and projected performance. Among other
factors, the funds seek to establish a distribution rate that
roughly corresponds to projections by the fund’s manager, Nuveen
Commodities Asset Management, of the total return that could
reasonably be expected to be generated by the funds over an
extended period of time. Investors should not draw any conclusions
about a fund’s past or future investment performance from its
current distribution rate. As market conditions and portfolio
performance may change, the rate of distributions on the shares and
the funds’ distribution policy could change.
Because each fund expects to be classified as a partnership for
tax purposes, shareholders will be allocated their pro-rata share
of the fund’s income, gains, losses, deductions and credits for
purposes of computing their tax liability. Fund shareholders will
receive a Schedule K-1 which reports their allocable portion of
such tax items. An investment in the funds’ shares is subject to
investment risk, including the possible loss of the entire amount
invested. The funds invest 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 funds could incur significant losses
on commodity investments. The funds are commodity pools; they are
not mutual funds, closed-end funds, or any other type of
“investment company” within the meaning of the Investment Company
Act of 1940, as amended, and are not subject to regulation
thereunder.
This press release is not a solicitation to buy or sell fund
shares. The funds do not presently offer any new shares for sale;
existing shares trade on the NYSE MKT.
Nuveen provides investment solutions designed to help secure the
long-term goals of individual investors and the financial advisors
who serve them. Through the expertise and capabilities of its
high-caliber investment managers, the firm is committed to
providing world-class consultative services and advice that align
with client needs. Nuveen Investments is an operating division of
TIAA Global Asset Management. In total, Nuveen Investments managed
approximately $225 billion as of December 31, 2015. For more
information, please visit the Nuveen Investments website at
www.nuveen.com.
14948-INV-O-03/17
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160401005904/en/
Nuveen InvestmentsMedia Contact:Kristyna Munoz, (312)
917-8343kristyna.munoz@nuveen.com
Nuveen Diversified Commodity Fund Common Units of Beneficial Interest (AMEX:CFD)
Historical Stock Chart
From Aug 2024 to Sep 2024
Nuveen Diversified Commodity Fund Common Units of Beneficial Interest (AMEX:CFD)
Historical Stock Chart
From Sep 2023 to Sep 2024