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Nuveen Investments to Offer New Mortgage Opportunity Term Fund
Nuveen Investmentsannounced plans of a new closed-end fund, Nuveen Mortgage Opportunity Term Fund. Objective is to generate attractive total returns through opportunistic investments in mortgage-backed securities (“MBS”). Its investment objective investing in MBS directly, and indirectly through a separate investment in a public-private investment partnership formed pursuant to the Public-Private Investment Program (“PPIP”) established by the U.S. Department of Treasury (the “UST”).
Submitted by
etfguy
11/11/2009
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etfguy
11/11/2009
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