Nuveen Long/Short Commodity Total Return Fund (NASDAQ:CTF) 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
NYSE MKT.
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
Liquidation Date).
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
(d)
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| 99.1 | Press Release, dated December9, 2016 |
About Nuveen Long/Short Commodity Total Return Fund (NASDAQ:CTF)