StockNews.AI
JQC
StockNews.AI
137 days

Nuveen Credit Strategies Income Fund Announces Rights Offering Update

1. JQC's subscription rights will be suspended due to trading below $0.01. 2. The suspension starts before market open on April 7, 2025.

2m saved
Insight
Article

FAQ

Why Bearish?

Trading suspension often reflects low demand and market confidence, similar scenarios led to declines in similar funds previously.

How important is it?

The suspension signifies potential financial distress, impacting investor confidence and future trading dynamics.

Why Short Term?

Immediate impacts are likely until trading conditions improve or reinstatement occurs.

Related Companies

JQC RT
NEW YORK--(BUSINESS WIRE)--Nuveen Credit Strategies Income Fund (NYSE: JQC) announced today that, in connection with the Fund's transferable Rights Offering that commenced March 31, 2025, trading of the Fund's transferrable subscription rights (“Rights”) (NYSE: JQC RT) will be suspended from trading on the NYSE effective before market open on April 7, 2025. The Rights are being suspended from trading on the NYSE due to the Rights trading at a price below $0.01. The NYSE may reinstate trading in.

Related News