Nuveen Corporate Income 2023 Target Term Fund
JHAA
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Christopher David Williams
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 333 West Wacker Drive Chicago IL United States of America 60606
- IPO Date
- Dec 19, 2018
- CIK
- 0001753217
- Similar Companies
- Business
- Nuveen Corporate Income 2023 Target Term Fund (NYSE: JHAA) operates as a closed-end fund seeking a high level of current income and to return $9.875, the original net asset value per common share following its initial public offering, by its target termination date through investments primarily in below-investment-grade corporate debt securities; high-yield bonds; and other fixed-income instruments, including senior loans and notes issued by U.S. and foreign corporations across diverse industries such as telecommunications, utilities, consumer cyclicals, and financial services. The fund targets income-focused investors, including retail and institutional shareholders, with a portfolio emphasizing non-investment-grade securities for yield enhancement while managing duration risk aligned with its 2023 term structure. Launched in 2020 and headquartered in Chicago, Illinois, at Nuveen Investments, 333 West Wacker Drive, the fund conducts operations principally in the United States with exposure to global corporate issuers traded on the New York Stock Exchange. Managed by Nuveen Fund Advisors, LLC, a subsidiary of Nuveen, LLC (investment manager of TIAA), it forms part of Nuveen's broader closed-end fund platform, which oversees approximately $53 billion in assets across 51 funds as of June 2023, targeting regular distributions for income-oriented strategies. In a significant operational change, the fund entered its wind-up period in June 2023, ceased regular monthly distributions thereafter, suspended trading on November 27, 2023, and completed its termination and liquidation on December 1, 2023, distributing final proceeds to shareholders without achieving the original net asset value due to prevailing market conditions. This action aligned with the fund's target term design and organizational documents, transitioning the portfolio to cash equivalents and short-term securities prior to dissolution, marking the cessation of all investment activities and share trading. No subsequent partnerships, acquisitions, or relaunches pertaining to JHAA have been reported post-liquidation.