Nuveen Municipal Credit Opportunities Fund Announces 1-For-4 Transferable Rights Offering, With Shares Priced At 95% Of Average Market Price Or 90% Of NAV
Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) today announced that its Board of Trustees (the "Board") has approved the terms of the issuance of transferable rights ("Rights") to the holders of
Nuveen Municipal Credit Opportunities Fund is giving shareholders a chance to buy new shares at a discount—either 5% off market price or 10% off book value. When a fund offers this deal, it might mean they want to raise money or think shares are undervalued, so pay attention to why they're doing it.
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