SEC Issues No-Action Relief to Nuveen Asset Management as to Securities Lending to Affiliates

The SEC issued a no-action letter under section 17(e)(1) of the Investment Company Act permitting an affiliate of Nuveen Investment Funds, Inc., an SEC-registered investment company, to act as securities lending agent for certain series of the fund (the "Lending Funds"). The letter permitted the affiliated lending agent to negotiate rebate rates on behalf of the Lending Funds in accordance with guidelines adopted by the lending agent.

See: SEC No-Action Relief to U.S. Bank National Association.