Current Syndicate Offerings
Updated: August 16, 2016
Syndicate is the syndication of both initial public offerings and offerings of companies whose securities are already publicly traded (follow-on and secondary offerings). Through established long-term industry relationships and by utilizing expertise in key industry sectors, we may have access to Syndicate issues that may be appropriate for your individual needs.
To learn more about participating, please submit your email address at How to Get Started.
The following offerings are available for qualified customers:
|Expected Offering Date||Name||Description||Price Range||Book Manager|
|No later than August 25, 2016||Nuveen High Income November 2021 Target Term Fund (JHB)||
A newly organized closed-end fund seeking to produce a high level of current income designed to reduce interest rate risk over time and to return Original NAV of $9.85 on or about the termination date of November 1, 2021. The fund will invest in a diversified high yield bond portfolio. The fund may employ substantially the same investment process as JHY, JHA and JHD.
Disclosure - There can be no assurance that the fund will achieve its investment objective. Risks include, but are not limited to: market discount risk from NAV, market risk, issuer risk, interest rate risk, high yield securities risk, convertible securities risk, etc. Please refer to all risks in the investment brochure and Preliminary Prospectus under risk section.
In order to allow participation, client accounts must meet specific requirements. Regal clients that are interested in entering an Indication of Interest (IOI) for any new issue must complete new account documents and meet the following criteria:
- You must have an existing Regal Discount Securities account open for 60 days or more.
- You must have placed at least one transaction in the previous 3 years.
- You must have liquid equity of at least $15,000.
- Suitability: Each offering will have a suitability designation depending on the type of issue. Your risk tolerance must match the deal’s suitability designation to participate.
- Attest to the fact that you are not a restricted person associated with the financial industry by signing FINRA Form 5130.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State. Any issue or recommendation contained in this report may not be suitable for all investors. The information provided is a subject to change. Participation is at your own risk. If you have questions, please contact a Syndicate specialist at 847-375-6084. Regal Securities Inc. is a member of FINRA/SIPC and clears through First Southwest Company.
Information provided is not a solicitation or an offer to buy any of the provided offerings and might not be appropriate for all investors. The information provided is a subject to change. Participation is at your own risk. If you have questions, please contact or consult with a registered customer service representative at 1-800-92-REGAL.
The Common Shares are designed primarily for long-term investors, and you should not view the Fund as a vehicle for trading purposes.
The Fund is not intended to be a complete investment program.
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State. Any issue or recommendation contained in this report may not be suitable for all investors. Moreover, although the information contained herein has been obtained from sources believed to be reliable, its accuracy and completeness cannot be guaranteed.
This publication, along with any recommendation contained, speaks only as of the date hereof and is subject to change without notice. Regal Securities Inc. and its affiliated companies and employees shall have no obligation to update or amend any information contained herein. Regal Securities Inc., its officers, directors and/or employees may have positions and deal as principal in transactions and effect transactions in the securities (or options or other instruments of the issuers mentioned thereto), including positions and transactions contrary to any recommendation contained herein. Regal Securities Inc and its employees may also have engaged in transactions with issuers identified herein Regal Securities Inc. is a member of FINRA/SIPC and clears through First Southwest Company.
INFORMATION CONTAINED ON THIS PAGE IS BELIEVED TO BE RELIABLE. IT HAS NOT BEEN VERIFIED FOR ACCURACY OR COMPLETENESS BY REGAL SECURITIES INC OR ANY OF ITS EMPLOYEES. FOR MORE INFORMATION ON THE OFFERING PLEASE READ THE PROSPECTUS.