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Business Wire
1 year ago
U.S. Court of Appeals for the Second Circuit Upholds that Nuveen-Advised Closed-End Funds Violated the Investment Company Act of 1940
NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (collectively with certain of its affiliates, “Saba” or “we”) today commented on the outcome of the lawsuit brought in the United States Court of Appeals for the Second Circuit (the “Court”) by five closed-end funds advised by Nuveen Fund Advisors, LLC and Nuveen Asset Management, LLC (collectively, “Nuveen”) – the Nuveen Floating Rate Income Fund (NYSE: JFR), Nuveen Floating Rate Income Opportunity Fund (NYSE: JRO), Nuveen Short Duration.
