Nuveen Mortgage Opportunity Term Fund 2 Announces Termination and Liquidation
NEW YORK--(BUSINESS WIRE)--Dec 23, 2019--
The Nuveen Mortgage Opportunity Term Fund 2 (NYSE:JMT) successfully completed its termination and liquidation following the close of business on December 20, 2019. The termination and liquidation was performed consistent with the fund’s previously announced liquidation plans.
JMT was launched as a limited term fund with a termination date of February 28, 2020. The Board of Trustees of JMT approved the liquidation and termination of the fund on or about December 20, 2019, ahead of the stated termination date. The fund is returning to shareholders an extended NAV of $22.0543 per common share as its liquidating distribution.
Shareholders may recognize gain or loss for U.S. tax purposes as a result of the liquidation. Nuveen does not provide tax advice; investors should consult a professional tax advisor regarding their specific tax situation.
For more information about the transactions, please visit www.nuveen.com/CEF.
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1 trillion in assets under management as of 30 September 2019 and operations in 24 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com
Nuveen Securities, LLC, member FINRA and SIPC.
The information contained on the Nuveen website is not a part of this press release.
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