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Nuveen Closed-End Funds’ Board of Trustees Approves Five Fund Reorganization Proposals

NEW YORK--(BUSINESS WIRE)--The Board of Trustees for eleven Nuveen municipal closed-end funds approved five reorganization proposals. The reorganizations are subject to customary conditions, including shareholder approval. The reorganizations are intended to create larger funds with lower operating expenses and increased trading volume on the exchange for common shares.