The Nuveen Tax-Advantaged Floating Rate Fund (NYSE MKT: JFP) today announced that the fund’s Board of Trustees has approved a plan to liquidate the fund and distribute the assets to shareholders of the fund. In light of the fund’s small size and the persistent discount at which the fund’s common shares have traded relative to its net asset value, the fund’s Board of Trustees concluded that liquidation and closure was in the best interests of shareholders. The fund will close its books and records at the close of business on June 22, 2012 and its common shares will cease to be traded. It is anticipated that the liquidating distributions will begin June 27, 2012.
More detailed information about this action and the liquidation process can be found in the JFP Liquidation Q&A by clicking here.
Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutional and individual investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliates—Nuveen Asset Management, Symphony Asset Management, NWQ Investment Management Company, Santa Barbara Asset Management, Tradewinds Global Investors, Winslow Capital Management, and Gresham Investment Management. In total, Nuveen Investments managed approximately $227 billion as of March 31, 2012. For more information, please visit the Nuveen Investments website at www.nuveen.com.
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