Nuveen Municipal Credit Opportunities Fund announces a transferable rights offering with a 1-for-4 ratio, expiring October 7, 2026. The subscription price is set at the higher of 95% of the market price or 90% of NAV, establishing a -10% discount floor. Nuveen will bear all offering expenses, signaling positive manager alignment, and expected benefits include improved liquidity and a lower expense ratio.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 112,904 | $1.23M | $974,361.52 | -$255,161.48 | -20.75% |
| RAS Robert A. Saperstein Guggenheim Capital LLC | 1.18M | $13.2M | $10.33M | -$2.87M | -21.76% |
| FP Frank Poli COHEN & STEERS Inc. | 185,000 | $1.98M | $1.62M | -$355,080.18 | -17.97% |
| AB Anthony Bruccoleri Equitable Holdings Inc. | 29,000 | $306,415 | $253,460 | -$52,955 | -17.28% |
| PF Phillip Fitzsimmons Hennion & Walsh Asset Management Inc. | 622,117 | $6.13M | $5.42M | -$711,632.87 | -11.61% |