A municipal fund plans to give shareholders a chance to buy new shares at an expected discount.
A municipal fund, advised by Nuveen, plans to offer shareholders new shares at a discount. The offer aims to increase assets, improve tax-efficiency, and enhance liquidity. The subscription price will be 95% of the average market price or 90% of the net asset value, whichever is lower. Rights to buy shares will trade under the symbol 'NMZ RT'.
