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Nuveen Credit Strategies Income Fund Announces the Preliminary Results of Rights Offering

1. JQC's rights offering will issue approximately 12.2 million new shares. 2. This expansion may dilute existing share value for JQC investors.

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FAQ

Why Bearish?

The issuance of new shares often dilutes existing shareholder value. Similar past offerings usually led to short-term price declines.

How important is it?

The rights offering can significantly alter the share structure and investor perception. Offers of this nature often attract scrutiny regarding share value.

Why Short Term?

The effects of dilution from the rights offering are expected to be immediate. Historical data shows quick market reactions to share issuances.

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JPMGSMS
NEW YORK--(BUSINESS WIRE)--Nuveen Credit Strategies Income Fund (NYSE: JQC) (the “Fund”) today announced the preliminary results of its transferable rights offering (the “Offer”) which expired at 5:00 p.m., Eastern time, on April 29, 2025 (the “Expiration Date”). The Offer entitled the rights holders to subscribe for additional common shares of the Fund (“Common Shares”). The Offer is expected to result in the issuance of approximately 12.2 million Common Shares (including notices of guaranteed.

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