Nuveen Global High Income Fund Announces Rights Offering with Attractive Subscription Price

Nuveen Global High Income Fund has announced a rights offering, allowing shareholders to purchase additional common shares at a discounted price. The fund's board and investment adviser believe this will benefit both the fund and its shareholders by increasing assets available for investment opportunities and enhancing portfolio yields. The rights offering is expected to be tax-efficient and provide common shareholders with an opportunity to buy new shares at a lower price.

Nuveen Global High Income Fund (NYSE: JGH) has announced a rights offering, enabling shareholders to purchase additional common shares at a discounted price. The fund's board and investment adviser, Nuveen Fund Advisors, LLC, have determined that this offering will benefit both the fund and its shareholders by increasing assets available for investment opportunities and enhancing portfolio yields Nuveen Global High Income Fund Announces Terms of Rights Offering^[1].

The rights offering, set to expire on November 20, 2025, provides holders of Common Shares with an opportunity to buy new shares at a subscription price that is expected to be below the market price. The subscription price will be determined based on a formula equal to 95% of the average of the last reported sales price of the Common Shares on the NYSE on the Expiration Date and each of the four preceding trading days. If the Formula Price is less than 90% of the Fund’s net asset value per Common Share, the Subscription Price will be 90% of the Fund’s net asset value per Common Share Nuveen Global High Income Fund Announces Terms of Rights Offering^[1].

The offering is expected to be tax-efficient, allowing the fund to rebalance its portfolio to new opportunities without the need to sell existing portfolio positions. This could reduce taxable events for common shareholders. Additionally, the offering is expected to create enhanced liquidity, potentially increasing trading volume and liquidity of Common Shares, and spread fixed operating costs across a larger asset base, lowering the expense ratio Nuveen Global High Income Fund Announces Terms of Rights Offering^[1].

Holders of Common Shares on the Record Date will receive one Right for each outstanding Common Share owned. The Rights entitle the holders to purchase one new Common Share for every four Rights held (1-for-4). The Rights are transferable and are expected to be admitted for trading on the NYSE under the symbol “JGH RTWI” initially trading “when-issued” on October 20, 2025 Nuveen Global High Income Fund Announces Terms of Rights Offering^[1].

The Fund has declared or expects to declare monthly distributions payable on November 3, 2025 and December 1, 2025, with record dates of October 15, 2025 and November 14, 2025, respectively. Any Common Shares issued after such record dates as a result of the Rights offering will not be record date Common Shares for the Fund’s monthly distributions to be paid on November 3, 2025 and December 1, 2025 and will not be entitled to receive such distributions. Shares issued pursuant to the Offer will be entitled to receive the monthly distribution expected to be payable on December 31, 2025 Nuveen Global High Income Fund Announces Terms of Rights Offering^[1].

Investors are encouraged to carefully consider the Fund’s investment objective, risks, charges, and expenses before investing. For further information regarding the Offer, or to obtain a prospectus supplement and the accompanying prospectus, when available, please contact the Fund’s information agent: Georgeson LLC at 866-989-7750 Nuveen Global High Income Fund Announces Terms of Rights Offering^[1].