Nuveen Diversified Commodity Fund (NYSEMKT:CFD) Files An 8-K Other Events
Item8.01. Other Events
On December9, 2016, Nuveen, an operating division of TIAA Global
Asset Management, announced that Nuveen Diversified Commodity
Fund (CFD) and Nuveen Long/Short Commodity Total Return Fund
(CTF, and together with CFD, the Funds) intend to liquidate and
distribute their net assets to shareholders. Each Fund trades on
After the close of business on December23, 2016, each Fund will
delist its shares. Each Fund intends to make a single liquidating
distribution of its net assets on December30, 2016 (the
Shareholders may sell their shares in the Funds (subject to any
applicable brokerage or transaction costs) until the market close
on December23, 2016. From December24, 2016, through the
Liquidation Date, shares in the Funds will not be traded on NYSE
MKT and there will not be a secondary market for the shares. The
Funds may begin liquidating positions at any time prior to the
Liquidation Date, and when that process begins, they will not be
managed in accordance with their investment objectives.
Any shareholders remaining in a Fund on the Liquidation Date will
automatically have their shares redeemed for cash at the current
net asset value. These liquidating distributions are taxable
events. Shareholders should consult their tax advisor about any
potential tax consequences.
A copy of the press release regarding the liquidation of the
Funds, dated December9, 2016, is filed as Exhibit 99.1 to this
report and is incorporated by reference into this Item8.01.
Item9.01. Financial Statements and Exhibits
|99.1||Press Release, dated December9, 2016|
About Nuveen Diversified Commodity Fund (NYSEMKT:CFD)
Nuveen Diversified Commodity Fund operates as a commodity pool. The Fund’s investment objective is to generate higher risk-adjusted total return than commodity market benchmarks. In pursuing its investment objective, the Fund invests directly in a diversified portfolio of commodity futures, forward and options contracts to obtain an exposure to various principal groups in the global commodity markets. The Fund invests its assets in a portfolio of commodity futures and forward contracts pursuant to Tangible Asset Program (TAP). It also invests the assets held as collateral for its investments in commodity futures and forward contracts in cash equivalents, the United States government securities, and other short-term, high-quality debt securities. The Fund makes commodity investments in over six commodity groups, such as energy, industrial metals, agriculturals, precious metals, foods and fibers, and livestock. Nuveen Commodities Asset Management, LLC serves as the manager for the Fund. Nuveen Diversified Commodity Fund (NYSEMKT:CFD) Recent Trading Information
Nuveen Diversified Commodity Fund (NYSEMKT:CFD) closed its last trading session down -0.01 at 9.32 with 6,244 shares trading hands.