Bringing you live news and features since 2006 

Nuveen Investments to offer Mortgage Opportunity Term Fund


Nuveen Investments, a provider of investment services to institutions and high-net-worth investors, has revealed plans for a public offering of a new closed-end fund, Nuveen Mortgage Opportunity Term Fund.

The fund’s investment objective is to generate attractive total returns through opportunistic investments in mortgage-backed securities.

The fund seeks to achieve its investment objective by investing in MBS directly and indirectly through a separate investment in a public-private investment partnership formed pursuant to the Public-Private Investment Program established by the US Department of Treasury.

PPIP is designed to encourage the transfer of certain illiquid legacy real estate-related assets off the balance sheets of financial institutions, restarting the market for these assets and supporting the flow of credit and other capital into the broader economy. PPIP calls for the creation of public-private investment partnerships through which privately raised capital and Department of Treasury capital are pooled together to facilitate the purchase of certain eligible MBS.

The new fund has a limited term of ten years and plans to liquidate all of its assets, retire or redeem its borrowings, and distribute any remaining net assets to common shareholders on or before 30 November 2019.

The fund’s investment objective and policies are not designed to seek to return their initial investment on the termination date to investors who purchase common shares in this offering, and such initial investors and any investors that purchase common shares after the completion of this offering may receive more or less than their original investment upon termination.

Nuveen Asset Management will be the fund’s adviser and will be responsible for determining the fund’s overall investment strategy and deciding whether and to what extent to invest in a public-private investment partnership formed pursuant to PPIP.

Wellington Management will be the fund’s sub-adviser and will have day-to-day responsibility for managing the fund’s direct investments in MBS and other permitted investments.

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by