Form 8-K Nuveen Diversified Commo For: Dec 27

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

FORM 8-K

 

 

Current Report

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 27, 2016

 

 

Nuveen Diversified Commodity Fund

(Exact name of registrant as specified in its charter)

 

 

 

Delaware		001-34879		27-2048014
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(IRS Employer Identification No.)
333 West Wacker Drive Chicago, Illinois				60606
(Address of principal executive offices)				(Zip Code)

Registrant’s telephone number, including area code: (877) 827-5920

N/A

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

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Item 3.01 - Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

In connection with the previously announced liquidations of the Nuveen Diversified Commodity Fund (“CFD”) and Nuveen Long/Short Commodity Total Return Fund (“CTF,” and together with CFD, the “Funds”) and related termination of trading of each Fund, on December 27, 2016, NYSE MKT filed a Notification of Removal from Listing and/or Registration on Form 25 with the Securities and Exchange Commission with respect to each Fund.

Item 3.03 - Material Modifications to Rights of Security Holders.

On December 30, 2016, all shares of common units of beneficial interest in the Funds were redeemed for cash by payment of a liquidating distribution in an amount equal to the net asset value per share of the respective Fund as of such date.

A copy of the press release regarding the completed liquidation of the Funds, dated December 30, 2016, is filed as Exhibit 99.1 to this report and is incorporated by reference into this Item 3.03.

Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

In connection with the liquidation of the Funds, each of Christopher A. Cotter, Jon C. Hunt, L. Joe Moravy and Harry W. Short resigned his respective position as a member of the Independent Committee of CFD, effective as of December 30, 2016.

Item 9.01 - Financial Statements and Exhibits.

(d)

 

Exhibit Number		Description of Exhibit
99.1		Press Release, dated December 30, 2016

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Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

NUVEEN DIVERSIFIED COMMODITY FUND

By: Nuveen Commodities Asset Management, LLC, its Manager

Date: January 3, 2017

/s/ William Adams IV

William Adams IV President (Principal Executive Officer)

Exhibit 99.1

 

FOR IMMEDIATE RELEASE

ATTENTION: BUSINESS/FINANCIAL EDITORS

MEDIA CONTACT:

KATHLEEN CARDOZA

(312) 917-7813

[email protected]

Nuveen Commodity Funds Complete Liquidation

Final Liquidating Distribution Accompanies Previously Announced Regular Monthly Distribution

CHICAGO, December 30, 2016 – Nuveen, an operating division of TIAA Global Asset Management, has completed the liquidations of the Nuveen Diversified Commodity Fund (NYSE MKT: CFD) and the Nuveen Long/Short Commodity Total Return Fund (NYSE MKT: CTF). As previously announced, each fund’s shares ceased trading and were delisted after the close of business on Friday, December 23, 2016. Today each fund made a liquidating distribution in the amount per share set forth below, which equals the net asset value per share of each fund as of December 30, 2016 (the Liquidation Date). Also as previously announced, each fund made a regular monthly distribution today in the amount per share set forth below:

 

				Liquidating Distribution Per Share				Regular Monthly Distribution Per Share				Total Distributions Per Share
Ticker		Fund Name		Amount				Amount				Amount
CFD		Nuveen Diversified Commodity Fund		$	9.6223			$	0.0580			$	9.6803
CTF		Nuveen Long/Short Commodity Total Return Fund		$	13.9241			$	0.0900			$	14.0141

Access to Schedules K-1 and information for the funds’ 2016 tax year is expected to be provided by the end of the first full week of March 2017, and will be made available on Nuveen’s website. 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 Date.

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 provides investment solutions designed to help secure the long-term goals of individual investors and the financial advisors who serve them. Through the expertise and capabilities of TIAA Global Asset Management’s high-caliber investment managers, Nuveen is committed to providing world-class consultative services and advice that align with client needs. Nuveen is an operating division of TIAA Global Asset Management. For more information, please visit Nuveen’s website at www.nuveen.com.

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