|
Global Income & Currency Fund
Ticker Symbol: GCF* CUSIP: 378968101 Exchange: NYSE
* NOTE: This security is no longer trading as of 12/10/2012
Company's Online Profile
FUND DESCRIPTION: Global Income & Currency Fund is an exchange-traded closed-end fund or a closed-end ETF which is officially described in its prospectus as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Fund has an interval fund structure pursuant to which the Fund will conduct annual repurchase offers for between 5% and 25% of the Fund’s outstanding shares. The Fund’s investment objective is to provide current income while also seeking total returns. FUND STRATEGY: The Fund seeks to achieve its investment objective by constructing and actively managing a portfolio of investments that provides long and short exposure to selected foreign currencies. The Fund’s portfolio will be comprised of short-term fixed income securities and investments in other instruments that provide long and short exposure to the Eligible Currencies selected by the subadviser. In implementing its investment strategy, the subadviser begins the investment process by investing all or substantially all of the Fund’s assets primarily in short-term debt securities, including, but not limited to, foreign sovereign debt securities, securities issued by U.S. Government agencies and instrumentalities, debt obligations of corporate issuers and other debt securities that the subadviser believes are appropriate investments for the Fund (the “Debt Securities”). Following its investment in the Debt Securities, the subadviser generally will make investments in forward contracts and other instruments that provide exposure to selected foreign currencies. In addition, the subadviser also may invest the Fund’s assets in interest rate swaps, credit default swaps and other debt security derivatives in managing the Fund’s portfolio investments. The Fund will seek to gain exposure to selected foreign currencies by investing a majority of its net assets directly in short-term foreign sovereign debt securities. In markets where the subadviser is unable to gain the desired exposure to the selected foreign currencies through foreign sovereign debt, or where the subadviser believes that it is not in the best interest of the Fund to do so, the subadviser generally will invest in other instruments that provide exposure to the selected foreign currencies. FUND MANAGEMENT: IQ Investment Advisors LLC serves as the investment adviser to the Fund. The Adviser provides investment advisory, management and administrative services to the Fund. The Adviser has certain oversight responsibility for the implementation of the strategy by the subadviser. The Adviser is an indirect wholly-owned subsidiary of Merrill Lynch. The Adviser has entered into a subadvisory agreement with Nuveen Asset Management. The Subadviser will be responsible for implementing the Fund’s investment strategy.
|
Notes: As of December 10, 2012, the assets of Global Income & Currency Fund, Inc. (GCF) were merged into the Nuveen Diversified Currency Opportunities Fund (JGT).
|
IPO - 4/26/2007 - 7.35 Million Shares @ $20.00/share.
Link to IPO Prospectus
Small Cap Stock -
Market Value $122.0 Million
|
Company's Online Information Links
|
| Company's Online SEC EDGAR Filings |
| Address and Phone Numbers |
| Address: 4 World Financial Center, 6th Floor, New York, NY 10080 |
| Main Phone Number |
212-449-4742 |
| Fax Number |
Not Available |
| Investor Contact
|
877-449-4742
|
| Toll Free Phone Number |
877-449-4742 |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|
