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Nuveen to Liquidate Bond Fund

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Aug. 1, 2002 — Nuveen Funds is liquidating the Nuveen Income Fund/A (NICAX) because it has failed to attract investors.

The fund will stop selling shares tomorrow in preparation for the liquidation, which will be completed on Sept. 27, according to a regulatory filing.

Nuveen said it is eliminating the fund because it has been unable to “generate sufficient sales” to become “self-sustaining.” The fund currently has total assets of about $22.4 million, the company said.

The fund returned 2% this year through June, while its peer long-term medium quality bond funds returned 1.5%, on average.