Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2008
Auction-rate securities liquidity crisis
The collapse of auction mechanisms left auction-rate preferred shares in Nuveen closed-end funds without their expected trading liquidity. The episode drew criticism because preferred shareholders could not readily sell through the failed auctions, while common shares generally retained exchange-trading access. Nuveen responded with investor communications and refinancing programs.