The investment objective relating to Original NAV is not a guarantee and is dependent on a number of factors including the extent of market recovery and the cumulative level of income retained in relation to cumulative portfolio gains net of losses.įor more information, please visit Nuveen’s CEF homepage or contact: Leading up to the final liquidating distribution date, as the fund’s portfolio securities continue to mature and are sold, the fund may further deviate from its investment objectives and policies, and its portfolio will continue to transition into high quality, short-term securities or cash and cash equivalents.Īlso as previously announced, due to market conditions, JCO does not anticipate returning the Original NAV at its termination. The fund anticipates making its final liquidating distribution on or about June 1, 2022.Īs previously announced, the fund entered its wind up period in anticipation of its termination date. The amount and dates applying to any special income distribution will be announced at a later date. The fund will not declare its regular monthly distribution in May 2022 and expects to make a special income distribution in connection with the fund’s liquidation. Consistent with its investment objectives and organizational documents, the fund plans to terminate its existence and liquidate on or about June 1, 2022.Īs the fund approaches liquidation, its common shares will continue trading on the New York Stock Exchange through and will be suspended from trading before the open of trading on May 26, 2022. Most people who stumble into the world of buying salvage returns, tend to buy one load, become frightened, and as a result…quit.NEW YORK, April 21, 2022-( BUSINESS WIRE)-The Nuveen Credit Opportunities 2022 Target Term Fund (NYSE: JCO) today announced new details concerning its liquidation. It takes a lot of capital to purchase in this way. I’ve found that multiple purchases, one after the next, seem to offer more value to the reseller because one can piece together similar items from load to load that may have been broken or compromised in some way. Scary, huh? Some of us might run at the prospect of uncertainty, and I do not blame those that are overly cautious. Some loads are good, while others might find us feeling lucky to break even. Can I guarantee the first load you purchase from them will be a profitable move? Not without hesitation because we are dealing with customer returns, which are a mixed bag of product conditions. A manifest is a great way to figure out what is in a load, but a manifest in no way explains each items condition.Ĭan I say the source I provided you within our guide is legit? Yes, they’ve been around for a long time. Some loads were what I would deem awesome, while others contained a lot of throw away items. I recall buying back-to-back truckloads of returns and the consistency of quality varied with each load. In my experience, some loads are better than others. OK, so I’ve answered the “are they legit” question, but let me go on to say this about liquidation purchasing: even with a direct source, please exercise caution when buying pallets and truckloads of secondary market goods. As a matter of fact, I can only think of a few famous retail chains that actually liquidate their own stock, Macy’s being one such company. Most of the big department stores use a third party service to facilitate the liquidation of customer returns and shelf pull items. To my knowledge, no one comes to Target with the intent to purchase liquidations without first going through this contracted liquidator to arrange a purchase. By legit, I mean they have held the Target liquidation contract for several years. To answer your question directly, I can tell you that our source for Target pallets and truckloads is legit, as you stated in your email. … At this point I’m stepping up to the podium. I like to think of my response as an opportunity to educate the masses. I look at every email response as an opportunity to not only help the person emailing, but also help others who are considering purchasing liquidation merchandise. After reading your email, I thought for some time about the response I wanted offer. Hello Suzzette! First of all, thanks for purchasing our guide. Industry sercets and DIRECT source contacts.I'm sharing 18 years of pallet and truckload buying experience within 200+ pages of the 2022 Liquidators Guide
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