MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, June 26, 2003 Nuveen Fund Raises $2.2 Billion Judging by the results, the demand for closed-end bond funds is still spiking. Today Nuveen Investments said it had sold $2.2 billion of shares for its new Preferred and Convertible Income Fund 2. The fund is a follow-on to a similar offering that raised $1.5 billion three months ago. The amount raised may rise to $3 billion after preferred shares are issued in the coming weeks, according to Nuveen. "We believe investors are looking for quality-oriented fixed income investments to add income and balance to their portfolios," said Bill Adams, executive vice president of Nuveen Investments. Printed from: MFWire.com/story.asp?s=5413 Copyright 2003, InvestmentWires, Inc. All Rights Reserved |