Nuveen Global High Income Fund Announces the Preliminary Results of Rights Offering
Businesswire·2025-11-21 13:50

Core Viewpoint - Nuveen Global High Income Fund has announced the preliminary results of its rights offering, which allows rights holders to subscribe for additional common shares, with the offering expected to generate approximately $61.8 million in gross proceeds [1][2]. Summary by Sections Rights Offering Details - The rights offering expired on November 20, 2025, and is expected to result in the issuance of approximately 4.9 million common shares at a subscription price of $12.49 per share, representing 90% of the Fund's net asset value at the close of trading on the expiration date [1][2]. - The common shares subscribed for are anticipated to be issued on or about November 28, 2025, following the completion of all shareholder payments [3]. Financial Overview - The gross proceeds from the rights offering are projected to be around $61.8 million, indicating a significant capital influx for the Fund [2]. - The final subscription price was lower than the initially estimated price, and any excess payments will be returned to the subscribing rights holders [3]. Company Background - Nuveen is a prominent sponsor of closed-end funds, managing $53 billion in assets across 44 closed-end funds as of September 30, 2025, catering to income-focused investors [5]. - The company manages a total of $1.4 trillion in public and private assets globally, with over 125 years of investment experience [6].