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Nuveen controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2008

    Auction-rate securities liquidity crisis

    During the 2008 auction-rate securities failures, auction-rate preferred shares associated with Nuveen closed-end funds became difficult or impossible for holders to sell through the auction mechanism. The affected funds reportedly represented about $15 billion in assets. Nuveen faced criticism over the episode, established an investor resource center, and pursued borrowing and refinancing measures to address liquidity concerns.

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