|
|
Article: Nuveen Investments to Offer New Mortgage Opportunity Term Fund.
- Article from:
- Business Wire
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
New Fund Sub-Advised by Wellington Management
CHICAGO -- Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced plans for a public offering of a new closed-end fund, Nuveen Mortgage Opportunity Term Fund. The fund's investment objective is to generate attractive total returns through opportunistic investments in mortgage-backed securities ("MBS"). The fund seeks to achieve its investment objective by investing in MBS directly, and indirectly through a separate investment in a public-private investment partnership formed pursuant to the Public-Private Investment Program ("PPIP") ...