Nuveen combining two CEFs (JGG and JGT) in order to close ~10% discount to NAV

Nuveen announced it will be combining and restructuring two of its funds: Nuveen Global Income Opportunities Fund (NYSE: JGG) and Nuveen Diversified Currency Opportunities Fund (NYSE: JGT) in order to increase demand for the combined fund’s common shares and help the new fund’s shares trade at prices close to Net Asset Value. Both funds trade at ~9-10% discounts to NAV. Source: Press Release