Nuveen income funds call $153 million of variable-rate term preferreds

By Angela McDaniels

Tacoma, Wash., Oct. 24 – Nuveen Floating Rate Income Fund and Nuveen Senior Income Fund each plan to their redeem series C-4 variable-rate term preferred shares on Nov. 22, according to N-23C-2 filings with the Securities and Exchange Commission.

The floating-rate fund will redeem 1,080 of its preferreds. They have a liquidation preference of $100,000 each, or $108 million in total.

The senior income fund will redeem 450 of its preferreds. They have a liquidation preference of $100,000 each, or $45 million in total.

Fund manager Nuveen Investments, Inc. is based in Chicago.

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