Nuveen Global High Income Fund today announced that its Board of Trustees has approved the terms of the issuance of transferable rights (“Rights”) to the holders of the Fund’s common shares (par value $.01 per share) (“Common Shares”) as of October 21, 2025 (the “Record Date”). Holders of Rights will be entitled to subscribe for additional Common Shares (the “Offer”) at a subscription price that is expected to represent a discount to the market price of the Common Shares.
After considering a number of factors, including potential benefits and costs, the Board and the Fund’s investment adviser, Nuveen Fund Advisors, LLC (the “Adviser”), have determined that the Offer will benefit both the Fund and its shareholders and increase the assets of the Fund available to take advantage of existing investment opportunities, consistent with the Fund’s investment objective of providing shareholders with a high level of current income.
All expenses of the Offer will be borne by the Adviser, and not by the Fund or any of the Fund’s shareholders.
The Adviser believes this is an attractive time to raise additional assets for the Fund based on several factors, including the following potential benefits:
- Portfolio opportunities: attractive valuations and yields in certain global high-income asset classes provides the potential to enhance portfolio yields and fund earnings while improving the potential for investment performance for all common shareholders
- Tax-efficiency: potential to re-balance the portfolio to new opportunities without the need to sell existing portfolio positions, which may reduce taxable events for common shareholders
- Benefit for common shareholders: the Offer provides common shareholders with an opportunity to buy new Common Shares below market price
- Enhanced liquidity: the Offer creates the potential for increased trading volume and liquidity of Common Shares
- Lower expense ratio: the Offer is expected to spread fixed operating costs across a larger asset base
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