Initial Public Offering

Energy
Initial Public Offering

Summary

Baird served as a co-manager on this offering

About

Nuveen All Cap Energy MLP Opportunities Fund (the “Fund”) (NYSE: JMLP) recently completed an initial public offering of 12,750,000 shares of common stock at a price of $20.00 per share, generating gross proceeds of $255.0 million. The Fund intends to invest the net proceeds from the offering in accordance with its investment objective and policies.

The Nuveen All Cap Energy MLP Opportunities Fund is a newly organized, non-diversified, closed-end management investment company. Nuveen Fund Advisors, LLC, a subsidiary of Nuveen Investments, Inc., is the Fund’s investment adviser and is responsible for overseeing the Fund’s overall investment strategy and its implementation. FAMCO MLP, a registered investment adviser and a division of Advisory Research Inc., is the Fund’s sub-adviser. The Fund's investment objective is to provide a high level of total return with an emphasis on distributions to shareholders. The Fund seeks to achieve its investment objective by investing primarily in master limited partnerships. The Fund is headquartered in Chicago, Illinois.

INVESTORS SHOULD CONSIDER THE INVESTMENT OBJECTIVES, RISKS, CHARGES, AND EXPENSES ASSOCIATED WITH A FUND CAREFULLY BEFORE INVESTING. THIS AND OTHER INFORMATION IS AVAILABLE IN THE PROSPECTUS, WHICH CAN BE OBTAINED FROM YOUR FINANCIAL ADVISOR. THE PROSPECTUS SHOULD BE READ CAREFULLY BEFORE INVESTING.

SHARES OF CLOSED-END INVESTMENT COMPANIES FREQUENTLY TRADE AT A DISCOUNT FROM THEIR NET ASSET VALUE (“NAV”), WHICH MAY INCREASE INVESTORS’ RISK OF LOSS. THIS RISK MAY BE GREATER FOR INVESTORS EXPECTING TO SELL THEIR SHARES IN A RELATIVELY SHORT PERIOD OF TIME AFTER COMPLETION OF THE PUBLIC OFFERING. THERE IS NO ASSURANCE THAT THE FUND WILL MEET ITS INVESTMENT OBJECTIVE. INVESTMENTS IN SECURITIES OF MLPS INVOLVE RISKS THAT DIFFER FROM INVESTMENTS IN COMMON STOCK, INCLUDING AMONG OTHERS RISKS RELATED TO LIMITED CONTROL AND LIMITED RIGHTS TO VOTE ON MATTERS AFFECTING MLPS, POTENTIAL CONFLICTS OF INTEREST RISK, CASH FLOW RISKS, DILUTION RISKS AND TRADING RISKS. MLPS WHICH INVEST IN THE ENERGY INDUSTRY ARE HIGHLY VOLATILE DUE TO SIGNIFICANT FLUCTUATION IN THE PRICES OF ENERGY COMMODITIES AS WELL AS POLITICAL AND REGULATORY DEVELOPMENTS. CONCENTRATION IN THE ENERGY SECTOR MAY PRESENT MORE RISKS THAN IF THE FUND WERE MORE BROADLY DIVERSIFIED OVER NUMEROUS SECTORS OF THE ECONOMY.

For additional information about this transaction, please contact:

Curtis Goot (314) 445-6540
Frank Murphy (314) 445-6532
Kjell Lundal (314) 445-6533
Gary Placek (414) 765-3611
Energy
Initial Public Offering
Date
March 2014
Company
Nuveen All Cap MLP Opportunities Fund
Transaction
M&A
Sectors
Energy
Target Location
North America

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