Wachovia not liquidating funds
Industry funding ASIC has released its Cost Recovery Implementation Statement (CRIS), which includes estimated costs for ASIC’s 2017-18 regulatory activities.
CHICAGO--(BUSINESS WIRE)--CFD) and the Nuveen Long/Short Commodity Total Return Fund (NYSE MKT: CTF).
In accordance with Commodity Futures Trading Commission rules applicable to the funds, each fund will furnish a final audited liquidation statement to shareholders within 90 days after the Liquidation " data-reactid="16"Nuveen Commodities Asset Management, LLC, a wholly-owned subsidiary of Nuveen, is the manager of the funds and is registered as a commodity pool operator with the Commodity Futures Trading Commission.
Nuveen is an operating division of TIAA Global Asset Management.
To many the words “liquidating trust” connote bankruptcy, but that need not always be the case.
In fact, a liquidating trust can be a cost effective, simplified structure to wind down a solvent company and realize some value for stockholders.
In the context of a managed liquidation it can be particularly effective as the final stage of a well planned wind down process.
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