N@N

Global Income and Currency Fund Announces Expiration of Annual Share Repurchase Offer

^{Published on 2011-04-14 07:55:28 - Market Wire}
 

CHICAGO--([ BUSINESS WIRE ])--Nuveen Investments, a leading global provider of investment services to institutions as well as high-net-worth and affluent investors, today announced the expiration of the annual repurchase offer of shares of common stock for the Global Income and Currency Fund (NYSE: GCF). The fund is structured as an interval fund which requires it to offer its stockholders the opportunity to tender shares for repurchase by the fund at Net Asset Value (NAV) once annually. Additionally, the fund is required to set the annual repurchase offer between five and 25 percent of outstanding shares. The repurchase offer and withdrawal rights expired at 5 p.m. ET on Wednesday, April 13, 2011.

The fund offered to repurchase up to five percent of its outstanding shares of common stock for cash at a price equal to the NAV as of the close of regular trading on the New York Stock Exchange (NYSE) on April 27, 2011. The determined price is subject to a repurchase fee of up to 1.73 percent of the NAV per share repurchased, which will be deducted from the repurchase price. As of Wednesday, April 13, 2011, there were 5,642,617 outstanding shares of the fund. The repurchase amount of five percent of shares represents approximately 282,131 of such outstanding shares.

The preliminary count by ComputerShare, Inc., the funda™s depositary agent, indicated that approximately 1,562,242 shares were validly tendered and not withdrawn prior to the expiration of the funda™s repurchase offer. This determination is subject to final confirmation and the proper delivery of all shares tendered and not withdrawn. Due to the fact that the number of shares tendered exceeds the number of shares that the fund is offering to repurchase, the fund shares tendered will be accepted on a pro-rata basis. The preliminary ratio of the number of shares tendered to the number of shares to be accepted for repurchase is 18.06 percent.

Neither the fund nor its Board made any recommendation to any stockholder as to whether to tender or refrain from tendering shares in the repurchase offer.

The fund's investment objective is to provide current income while also seeking total returns. The fund seeks to achieve its investment objective by constructing and actively managing a portfolio of investments that provides long and short exposure to selected foreign currencies.

Nuveen Investments provides high quality investment services designed to help secure the long-term goals of institutions, high-net-worth and affluent investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliatesa"NWQ, Nuveen Asset Management, Santa Barbara, Symphony, Tradewinds and Winslow Capital. In total, Nuveen Investments managed $197 billion as of December 31, 2010. For more information, please visit the Nuveen Investments website at [ www.nuveen.com ].