Nuveen Closed-End Fund Completes Preferred Share Issuance

NEW YORK--(BUSINESS WIRE)--Nuveen today announced that the Nuveen Short Duration Credit Opportunities Fund (NYSE: JSD) has issued $100 million of Taxable Fund Preferred Shares (TFP Shares) in a private placement. The Fund will use the net proceeds from the sale of the TFP Shares, along with cash already held by the Fund, to redeem all of the Fund’s outstanding Series 2020 Term Preferred Shares and to reduce borrowings under the Fund’s credit facility. The Fund and the amount of newly issued TFP Shares are as follows: