Nuveen Real Asset Income and Growth Fund announces underwriters

By Toni Weeks

San Diego, March 23 - Nuveen Investments announced in an N-2 filing with the Securities and Exchange Commission the underwriters for its planned new fund, the Nuveen Real Asset Income and Growth Fund.

The fund will offer its shares via a syndicate of underwriters led by Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Bank of America Merrill Lynch, UBS Securities LLC, Wells Fargo Securities, LLC and Nuveen Securities, LLC.

As previously reported, the fund will seek to provide a high level of current income and long-term capital appreciation by investing at least 80% of its assets in real-asset-related companies located anywhere in the world. The fund will focus on securities of infrastructure and real estate companies, managing the portfolio allocation between the two and investing across the capital structure.

The fund will invest globally, seeking to capitalize on worldwide population growth, urbanization, economic development and the demand for new and improved infrastructure and real estate facilities.

Jay Rosenberg will serve as the lead portfolio manager for the fund. He will be assisted by John Wenker and Jeffrey Schmitz.

According to the filing, shares will be sold at $20 apiece, each with a $0.90, or 4.5%, sales load. Estimated offering expenses will be $0.04 per share. A token 1,000 shares were registered with the SEC in the filing. There will be a greenshoe.

The fund's investment adviser, Chicago-based Nuveen Fund Advisors, Inc., will reimburse and/or waive some of the fund's expenses, but details have not yet been announced.

Nuveen expects the shares will be approved for listing on the NYSE under the ticker symbol "JRI."

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