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Home Business News Nuveen High Income 2020 Target Term Fund Corrects Its Net Asset Value...

Nuveen High Income 2020 Target Term Fund Corrects Its Net Asset Value per Common Share


NEW YORK–()–The Nuveen High Income 2020 Target Term Fund (NYSE: JHY) daily net asset values per common share (NAVs) published for each business day during the period from 17 August 2020 through 2 September 2020 were incorrect. The fund’s published NAV on each business day during that period was $9.62, while the corrected NAV for each such day was $9.53. These incorrect daily NAVs in turn caused the discount/premium of the market price to NAV published during that period, and any return-to-date-on-NAV figures published during that period, to be incorrect.

JHY seeks to provide a high level of current income and return the original $9.85 net asset value per common share (the original NAV) on or about 1 November…



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