Fitch rates Nuveen preferreds A

Fitch Ratings said it assigned an A long-term rating to $85 million of series A taxable fund preferred shares (TFP shares) issued by Nuveen Variable Rate Preferred & Income Fund (NPFD).

NPFD will use the proceeds to repay a portion of the fund's outstanding borrowings.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.