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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].
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Preliminary Results of Rights Offering
Businesswire· 2025-11-19 11:45
Core Points - The RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. announced preliminary results of its rights offering, which expired on November 18, 2025, with subscription requests for 1,180,525 shares of common stock, expecting gross proceeds of approximately $9.4 million before expenses [1][2][3] - The final subscription price per share was set at $7.94, based on 90% of the Fund's reported net asset value (NAV) of $8.82 on the expiration date [2][3] - The final subscription price was lower than the initial estimated price of $8.12, and excess payments will be returned to subscribing rights holders [3] Fund Overview - The investment objective of the Fund is to achieve current income and overall total return, with total net assets of approximately $211.9 million and 23.8 million shares of common stock outstanding as of October 31, 2025 [5] - The Fund operates as a closed-end fund, trading in the secondary market, and does not continuously issue stock for sale like open-end mutual funds [6]
RiverNorth Opportunities Fund, Inc. Announces Preliminary Results of Rights Offering
Businesswire· 2025-10-07 10:45
Core Points - RiverNorth Opportunities Fund, Inc. announced the preliminary results of its transferable rights offering that expired on October 6, 2025 [1] - The Fund received subscription requests for 5,906,588 shares of common stock from rights holders [1] - The Fund expects to issue 5,906,588 new shares of common stock for these subscriptions, pending the receipt of payment [1]