Nuveen Short Duration to redeem $35 million series 2020 preferreds

By Wendy Van Sickle

Columbus, Ohio, Sept. 27 – The Nuveen Short Duration Credit Opportunities Fund intends to redeem its 35,000 outstanding series 2020 term preferred shares on Oct. 29, according to a company news release.

The redemption price will be the $1,000 liquidation preference plus accumulated distributions.

The redemption will be funded by the issuance of new preferreds, and the redemption is contingent upon the completion of the offering.

The fund, which trades under the ticker “JSD,” is managed by Nuveen, the investment manager of TIAA.

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