Market News / Story
Nuveen Municipal Credit Opportunities Fund Raises ~$113M in Rights Offer
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NMCO’s transferable rights offering is expected to issue ~13.7M shares at $8.25, raising about $113M in gross proceeds. Results are preliminary; shares are expected to be issued around Oct. 15, 2026. Material Details #DetailAI Analyst View1~13.7M shares to be issuedExpands share count; can pressure market price and alter discount/premium.2Pricing at $8.25 per shareSet at 90% of NAV, creating near-term dilution vs. NAV.3Gross proceeds about $113MCapital inflow may…