|Expense Ratio (net)||N/A|
|Last Cap Gain||N/A|
|Morningstar Risk Rating||N/A|
|Beta (3Y Monthly)||N/A|
|5y Average Return||N/A|
|Average for Category||N/A|
The merger of the Nuveen Build America Bond Opportunity Fund into the Nuveen Build America Bond Fund was completed prior to the open of the New York Stock Exchange on November 19, 2018.
Two Nuveen Closed-End Funds announced pre-merger distributions. The specific distribution dates and amounts are detailed below. As previously announced, the shareholders of the two funds approved a reorganization.
The effective date of a recently announced closed-end fund merger and associated changes has been updated. Due to the Veteran’s Day holiday, the merger of the Nuveen Build America Bond Opportunity Fund and Nuveen Build America Bond Fund is expected to become effective before the market open on November 19, 2018, subject to the satisfaction of certain customary closing conditions.
Shareholders of the Nuveen Build America Bond Opportunity Fund (NBD) have approved the fund’s merger into Nuveen Build America Bond Fund (NBB). The acquiring fund will be renamed the Nuveen Taxable Municipal Income Fund and will continue to trade under the ticker NBB. As previously announced, NBB will eliminate its contingent term provision and change its principal investment policy from a policy of investing at least 80 percent of assets in Build America Bonds to a policy of investing at least 80 percent of its assets in taxable municipal securities.