Nuveen Municipal Closed-End Funds Announce Results of Special Shareholder Meeting

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Oct 12, 2022

Shareholders of Nuveen+Intermediate+Duration+Municipal+Term+Fund (NYSE: NID) and Nuveen+Intermediate+Duration+Quality+Municipal+Term+Fund (NYSE: NIQ) have approved a proposal to restructure their respective funds. The restructuring will allow shareholders of each fund the opportunity to maintain their investment in a leveraged, intermediate duration fund that invests in a portfolio of municipal securities in lieu of the scheduled termination of the fund.