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Nuveen Diversified Commodity Fund shareholders approve ETF conversion


Shareholders of the Nuveen Diversified Commodity Fund (CFD), have approved the plan to convert the fund into an open-ended exchange-traded fund (ETF). The conversion plan is also contingent on customary regulatory approvals.

As previously announced, the purpose of the conversion is to seek a closer alignment between the fund’s share price and net asset value.
With today’s announcement of shareholder approval, the conversion of CFD now requires regulatory approval. Assuming regulatory approval is obtained, the conversion of CFD to an ETF is expected to be completed in the fourth quarter of 2015. However, there can be no assurance that such approval will be obtained, or if obtained, that the conversion will be completed in the anticipated time frame or will achieve its stated purpose.

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