Two Nuveen Closed-End Funds Announce Commencement of Tender Offers

NEW YORK--(BUSINESS WIRE)--The Nuveen Mortgage Opportunity Term Fund (NYSE: JLS) and the Nuveen Mortgage Opportunity Term Fund 2 (NYSE: JMT) today commenced a tender offer. As previously announced, each fund will conduct a tender offer allowing shareholders to offer up to 100 percent of their shares for repurchase for cash at a price per share equal to 100 percent of the net asset value per share determined on the date the tender offer expires. The tender offer will expire on October 7, 2019 at 5:00 p.m. Eastern time, or on such later date to which the offer is extended.