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Global Income and Currency Fund Completes Share Repurchase Offer

  //business-finance.news-articles.net/content/201 .. rency-fund-completes-share-repurchase-offer.html
  Published in Business and Finance on Thursday, April 28th 2011 at 6:01 GMT by Market Wire
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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 that the Global Income and Currency Fund (NYSE: GCF) completed its offer to repurchase up to five percent of its outstanding shares of common stock from its stockholders, known as a repurchase offer.

Under the terms of the repurchase offer, the fund offered to repurchase up to five percent of shares from stockholders at an amount per share equal to the funda�s net asset value (NAV) calculated as of the close of business of the New York Stock Exchange on April 27, 2011, 14 days after April 13, 2011, the expiration date of the repurchase offer. As of April 27, 2011, five percent of the funda�s outstanding shares were repurchases by the fund at $16.08 per share, subject to a repurchase fee of 1.70 percent of the NAV per share.

Neither the fund nor its Board of Directors 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 ].