Nuveen Multi-Asset Income Fund declares initial distribution

NEW YORK–(COMMERCIAL THREAD) – The Nuveen Multi-Asset Income Fund (NYSE: NMAI) has declared its initial quarterly distribution of $ 0.3500 per share. The fund started trading on the New York Stock Exchange on November 22, 2021 following the reorganization of the Nuveen Diversified Dividend and Income Fund (JDD), the Nuveen Tax-Advantaged Total Return Strategy Fund (JTA) and the Nuveen Tax -Advantaged Dividend Growth Fund (JTD) in NMAI.

The following dates apply to today’s quarterly distribution statement:

Registration Date

December 15, 2021

Ex-dividend date

December 14, 2021

Payment date

December 31, 2021


To exchange

Fund name



Amount by

To share


Initial rate

$ 20 net asset value






Nuveen Multi-Asset Income Fund

$ 0.3500



* Market price as of November 26, 2021

The new distribution per share for NMAI reflects an increase, compared to the most recent distribution per share of JDD, JTA and JTD, for all shareholders on an equivalent basis in ordinary shares, which takes into account the different levels of NAV of the funds. before and after the reorganization.

NMAI has adopted a managed distribution policy. The goal of a managed distribution program is to provide shareholders with relatively constant and predictable cash flows by systematically converting the expected long-term return potential into regular distributions. Historical sources of distribution have included net investment income, realized gains and return of capital. If a distribution includes anything other than net investment income, the fund provides a best estimate notice of its distribution sources at that time, which can be viewed at These estimates may not match the final tax qualification contained in Shareholder Forms 1099-DIV after year end.

As part of a managed distribution policy, Nuveen closed-end funds seek to maintain a stable regular distribution amount which, over the long term, equals the total distributions paid by the fund at its total return. Investors should not draw any conclusions about a fund’s past or future investment performance from its current payout rate or the terms of its managed payout policy.

  • Actual returns are likely to differ from projected returns over the long term (and therefore a fund’s payout rate as well), at least over shorter time periods. Over a period of time, the net asset value of a fund will increase (if the returns exceed the distributions) or decrease (if the distributions exceed the returns), by the difference between the actual returns and the total distributions.

  • A return of capital is a tax-free distribution of part of the capital of the fund. When a fund’s returns exceed distributions, the return of capital may represent portfolio gains earned, but not realized as a taxable capital gain. In periods when a fund’s returns are lower than distributions, it will represent part of investors’ initial capital, unless the shortfall is made up during other periods of the life of the investment (previous or Subsequent) when the total return of the fund exceeds distributions.

For more information on managed distributions, see Understanding Managed Distributions.

Nuveen is a leading sponsor of closed-end funds (CEFs) with $ 65 billion in assets under management in 62 CEFs as of September 30, 2021. The funds provide exposure to a wide range of asset classes and are designed for income-oriented investors looking for regular distributions. Nuveen has over 30 years of experience in managing CEF.

For more information, please visit the Nuveen CEF homepage or contact:

About Nuveen

Nuveen, TIAA’s investment manager, offers a comprehensive suite of results-driven investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $ 1.2 trillion in assets under management as of September 30, 2021 and operations in 27 countries. Its investment specialists offer in-depth expertise in a full range of traditional and alternative investments through a wide range of vehicles and personalized strategies. For more information, please visit

Nuveen Securities, LLC, member of FINRA and SIPC.

The information contained on the Nuveen site is not part of this press release.


Certain statements made in this press release are forward-looking statements. Actual future results or events may differ materially from those anticipated in forward-looking statements due to many factors. These include, but are not limited to:

  • market developments;

  • legal and regulatory developments; and

  • other additional risks and uncertainties.

Nuveen and the closed-end funds managed by Nuveen and its affiliates assume no responsibility to publicly update or revise any forward-looking statements.


Michael J. Birnbaum