Nuveen Global High Income Fund Announces Terms of Rights Offering

Core Viewpoint - Nuveen Global High Income Fund has announced a rights offering to its common shareholders, allowing them to purchase additional shares at a discount to the market price, aimed at increasing the fund's assets and providing high current income to shareholders [1][2]. Group 1: Rights Offering Details - The Board of Trustees has approved the issuance of transferable rights to holders of common shares as of October 21, 2025, with the rights allowing shareholders to subscribe for new common shares at a subscription price expected to be below the market price [1][2]. - Record Date Shareholders will receive one right for each common share owned, with the rights allowing the purchase of one new common share for every four rights held (1-for-4) [3]. - The subscription price will be determined as 95% of the average of the last reported sales price on the NYSE on the expiration date and the four preceding trading days, with a minimum price set at 90% of the net asset value per common share [3]. Group 2: Benefits of the Offer - The rights offering is expected to enhance portfolio yields and fund earnings by taking advantage of attractive valuations in global high-income asset classes [2][3]. - The offering allows for tax-efficient rebalancing of the portfolio without selling existing positions, potentially reducing taxable events for shareholders [3]. - Increased trading volume and liquidity of common shares are anticipated as a result of the offering, along with a lower expense ratio due to spreading fixed operating costs across a larger asset base [3]. Group 3: Additional Information - The rights are transferable and will begin trading on the NYSE under the symbol "JGH RT" on October 20, 2025, with regular trading expected to start on October 23, 2025 [3][4]. - Monthly distributions are expected to be declared for November and December 2025, with shares issued from the rights offering not eligible for the earlier distributions [4]. - The final terms of the offer will be detailed in a prospectus supplement, which will control over the initial announcement [5].