{
  "id": 3582606,
  "title": "Nuveen municipal fund announces rights offering for shareholders",
  "url": "https://urgent.news/2026/08/26/nuveen-municipal-fund-announces-rights-offering-for-shareholders",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T20:12:40.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/nuveen-municipal-fund-announces-rights-offering-for-shareholders-93CH-4877845"
  },
  "original_language": "en",
  "account": "On September 8, 2026, shareholders of Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) will have the opportunity to participate in a transferable rights offering. Each common shareholder will receive one right for every share they own as of the record date. This right allows them to purchase an additional common share for every four rights they hold at a subscription price of 95% of the average closing price over five trading days preceding the offering's expiration date, which is October 7, 2026. The floor price for these rights is set at 90% of the net asset value. The rights are expected to begin trading on the NYSE as NMCO RTWI on September 4, 2026, and resume trading as NMCO RT around September 10, 2026. Trading is anticipated to cease on October 6, 2026. Shareholders who fully exercise their rights can subscribe for additional shares not acquired by other right holders, provided the allocation is pro-rata if demand exceeds supply. However, investors acquiring rights on the secondary market will not be eligible for the pro-rata allocation. Nuveen Fund Advisors, LLC, the fund's investment adviser, will bear all costs associated with the offering. The primary goal of this rights offering is to raise additional assets to pursue investment opportunities aligned with the fund's objectives of generating tax-exempt income and delivering total return. It's important to note that common shares issued through this offering will not be eligible for the monthly distributions due on October 1, 2026, and November 2, 2026; however, they will be eligible for the distribution projected for December 1, 2026. The announcement is based on a press release, and the final terms of the offering may vary slightly from the details provided here. Nuveen manages $54 billion in assets across 37 closed-end funds as of June 30, 2026.",
  "summary": null,
  "key_points": [
    "Nuveen Municipal fund announces rights offering for shareholders on September 8, 2026",
    "Each common shareholder receives one right per share owned as of record date",
    "Rights allow purchase of additional share at 95% of 5-day average closing price"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}