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Nuveen High Income 2020 Target Term Fund of Beneficial Interest
Note: This note was released to members two weeks ago.
As noted in our Weekly Closed-End Fund Roundup: Nuveen Fixed Income Cuts, the turn of the month is usually when distributions from the major fund houses are announced, and this month saw Nuveen cutting distributions on a number of fixed income CEFs. Of the 11 Nuveen cutters, 7 were muni funds between -6.2% and -16.1%; however, the largest cutter was the Nuveen High Income 2020 Target Term Fund (JHY), which cut distributions by -24.9%, from $0.035 to $0.0263 per month. This brings