Nuveen Real Asset Income & Growth Fund Files Proxy Materials
Ticker: JRI · Form: DEFA14A · Filed: Apr 24, 2024 · CIK: 1539337
| Field | Detail |
|---|---|
| Company | Nuveen Real Asset Income & Growth Fund (JRI) |
| Form Type | DEFA14A |
| Filed Date | Apr 24, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $19.15, $10,000, $4.28, $4,280, $2.99 |
| Sentiment | neutral |
Sentiment: neutral
Topics: proxy-statement, additional-materials, fund-filing
Related Tickers: JRI, NMAI, NPFD
TL;DR
JRI filed proxy docs, no fee. Shareholders get more info.
AI Summary
Nuveen Real Asset Income & Growth Fund (JRI) has filed a Definitive Additional Materials proxy statement (DEFA14A) on April 24, 2024. This filing concerns the fund's proxy materials, indicating it is providing supplementary information to shareholders. The filing does not appear to involve a fee, as indicated by the 'No fee required' checkbox.
Why It Matters
This filing provides shareholders of Nuveen Real Asset Income & Growth Fund with additional information relevant to upcoming proxy votes, ensuring they have the necessary details for informed decision-making.
Risk Assessment
Risk Level: low — This filing is a routine proxy statement amendment and does not indicate any immediate financial risks or significant changes for the fund.
Key Players & Entities
- Nuveen Real Asset Income & Growth Fund (company) — Registrant
- JRI (company) — Ticker Symbol
- Nuveen Multi-Asset Income Fund (company) — Related Fund
- NMAI (company) — Related Fund Ticker
- Nuveen Variable Rate Preferred and Income Fund (company) — Related Fund
- NPFD (company) — Related Fund Ticker
FAQ
What type of SEC filing is this?
This is a DEFA14A filing, specifically Definitive Additional Materials.
Who is the registrant for this filing?
The registrant is Nuveen Real Asset Income & Growth Fund.
What is the filing date?
The filing date is April 24, 2024.
Is there a filing fee associated with this document?
No fee is required for this filing.
What are some other Nuveen funds mentioned in the filing?
Nuveen Multi-Asset Income Fund (NMAI) and Nuveen Variable Rate Preferred and Income Fund (NPFD) are also mentioned.
Filing Stats: 4,385 words · 18 min read · ~15 pages · Grade level 11.7 · Accepted 2024-04-23 19:13:34
Key Financial Figures
- $19.15 — nd has delivered distributions totaling $19.15 per share since inception and offers di
- $10,000 — r than peers. Representative growth of $10,000 investment* DISTRIBUTION ENHANCEMENTS
- $4.28 — nd has delivered distributions totaling $4.28 per share since inception. A sharehold
- $4,280 — f NMAI at inception would have received $4,280 in distribution payments since November
- $2.99 — nd has delivered distributions totaling $2.99 per share since inception. A sharehold
- $2,990 — f NPFD at inception would have received $2,990 in distribution payments since December
- $3.35 — nd has delivered distributions totaling $3.35 per share since inception. A sharehold
- $3,350 — f NPCT at inception would have received $3,350 in distribution payments since December
Filing Documents
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- 0001193125-24-107488.txt ( ) — 10939KB
From the Filing
REAL ASSET INCOME & GROWTH FUND Nuveen Real Asset Income & Growth Fund UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A Proxy Securities Exchange Act of 1934 (Amendment No.) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 Nuveen Real Asset Income and Growth Fund (Exact Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. Nuveen Real Asset Income and Growth Fund (JRI) Nuveen Multi-Asset Income Fund (NMAI) Nuveen Variable Rate Preferred and Income Fund (NPFD) Nuveen Core Plus Impact Fund (NPCT) April 23, 2024 Institutional Shareholder Services Presentation NUVEEN CLOSED-END FUNDS Our approach and mindset Nuveens closed-end funds (CEFs) are designed to be long-term investments that help shareholders, primarily retirees or individuals nearing retirement, plan for their financial future by providing consistent, attractive income throughout multiple market cycles. The Funds offer a broad opportunity for diversification and exposure to asset classes and strategies that retail shareholders normally would not be able to access. CEFs are designed to provide shareholders an investment structure that can deliver enhanced income and returns over time with liquidity provided through an exchange listing. Market factors and investor sentiment can turn negative for CEFs impacting secondary market prices, even as funds successfully deliver on their primary investment objective. For CEF investors, attractive and reliable distributions are what matter. Volatile market conditions, like equity and fixed income markets in 2022 which had historical negative performance, can cause CEFs to trade at deeper discounts, yet these strategies perform over the life of the fund. When it comes to governance, there is no substitute for experiencethe best way to protect the long-term interests of all CEF shareholders is by nominating a competent, knowledgeable board with CEF-specific experience. 2 GUIDING QUESTIONS 1.Is change warranted? 2.If change is warranted, who is best to effect change? 3 Is change warranted? We do not believe change is warranted. The Board maintains confidence in its ability, the investment managers ability and the Funds ability to perform over the long term and continue to deliver on the Funds objectives to generate income for all shareholders. Since 2021, all four fundsJRI, NMAI, NPFD, and NPCThave demonstrated results consistent with peer groups* and relevant indiceseven amid an unprecedented period of heightened inflation and rising interest rates. Through this period, the funds have maintained attractive, reliable distributions. NMAI, NPCT, and NPFD faced challenging market conditions shortly after being launched and have short-term track records that are not reflective of their full performance potential over time. As market conditions have recovered, so has performance; each Fund recorded market price returns of more than 20% and NAV returns of more than 15% since the fixed income market lows of October 2023. Since inception in 2012, JRI has a positive track record of performance in line with or superior to peers and indices. Over the past year, each fund has announced distribution increases ranging from 10-38%. *See Appendix for peer groups 4 Nuveen Board Nominees are fiduciaries seeking to deliver long-term value to all shareholders and have a record of taking thoughtful actions to enhance shareholder outcomes. Since 2012, the Board has: Authorized 58 CEF mergers, producing highly scaled funds in respective asset classes with: Lower fees (breakpoint pricing methodology) Enhanced trading efficiencies Tightened bid/ask spreads in the secondary market Dissident opposed recent proposed fund mergers that would provide benefits to all shareholders; Authorized liquidations, mandate adjustments, and mergers into open-end funds; Approved a dividend management program to support secondary market trading through enhanced cash flows to shareholders: Recent distribution increases across the entire Nuveen fund complex have spurred secondary market trading and added momentum to discount narrowing already underway; Approved complex-wide share repurchase program: Shares repurchased when there are material supply/demand imbalances Bids layered in below market to show depth to the book which can impact supply/demand without share repurchases; Established a robust and dedicated IR program to increase aw