Nuveen Intermediate Duration Municipal Term Fund Liquidating Trust (NID)

[Enterprising Investor]

Nuveen Closed-End Funds Declare Distributions (3/01/23)

NEW YORK--(BUSINESS WIRE)--As previously announced, the Board of Trustees of Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) has approved the liquidation of the fund upon the fund’s originally scheduled termination date. NID intends to liquidate on or before March 31, 2023. The fund will not declare its regular monthly income distribution in March 2023 and expects to include any remaining undistributed net investment income with the fund’s final liquidating distribution. The fund anticipates making its final liquidating distribution on or about March 31, 2023. In connection with the liquidation, the fund anticipates providing an estimate of the amount of tax-exempt income included as part of the fund’s liquidating distribution. The final tax character of all distributions paid in 2023 will be reported to shareholders on Form 1099-DIV, which will be sent out in early 2024. Nuveen does not provide tax advice; investors should consult a professional tax advisor regarding their specific tax situation.

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