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Security Profile
- Security Type
- Closed-End Fund
- CUSIP
- 67075G103
- Market Cap
- Mid Cap · $555 Million
- IPO
- 11/24/2014
- Parent Company
- Nuveen Investments, Inc. (JNC)
Fund Description: Nuveen Global High Income Fund is an exchange-traded closed-end fund (CEF) or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Nuveen Global High Income Fund seeks to provide a high level of current income. FUND STRATEGY: The Fund uses a diversified global high-income strategy, which blends high-yield bonds and other income producing securities from around the world, and across the capital structure and credit spectrum. These securities include: U.S. high-yield bonds; non-U.S. high-yield bonds from developed and emerging markets; and other income-producing investments such as preferred and convertible securities. At least 65% of its managed assets will be invested in securities rated lower than investment grade at time of purchase or, if unrated, judged to be of comparable quality by the portfolio team. At least 40% will be in securities issued by non-U.S. entities, and up to 25% will be invested in debt obligations from issuers located in emerging market countries. Up to 15% of the Fund’s assets may be in unhedged non-U.S. dollar denominated bonds. The Fund uses leverage. The Fund may use derivatives for hedging purposes only. FUND MANAGEMENT: Nuveen Asset Management (NAM), the Fund’s investment adviser, will be responsible for managing the Fund’s overall strategy and operations and overseeing the subadviser’s implementation of the Fund’s investment strategy and use of leverage.
Notes: Nov. 24, 2014 -- Nuveen Global High Income Fund (JGH) begins trading on 11/24/2014. In the merger, JGH acquired substantially all of the assets and liabilities of the acquired funds JGG and JGT as set forth above, in tax-free transactions in exchange for an equal aggregate value of newly-issued common shares. The exchanges took place based upon the funds’ closing net asset values on November 21, 2014. The exchange ratios at which common shares of each acquired fund were exchanged for common shares of the acquiring funds. _________________ November 11, 2014 -- Nuveen Investments, today announced distributions and amounts for the Nuveen Global Income Opportunities Fund (NYSE: JGG) $0.2050 and Nuveen Diversified Currency Opportunities Fund (NYSE: JGT) $0.1950. As previously announced, the shareholders of these funds have approved a proposal to both combine and restructure the funds and the newly combined fund will be named the Nuveen Global High Income Fund (JGH) when it begins trading on 11/24/2014..
Company Contact
- Headquarters
- 333 West Wacker Drive, Chicago, IL 60606
- Phone
- 312-917-7700 · Toll-Free 800-257-8787
- Investor Relations
- Kristyna Munoz · 312-917-8343 · Kristyna.Munoz@nuveen.com