VRTP

AcronymDefinition
VRTPVines Routing Update Protocol
VRTPVirtual Reality Transfer Protocol
VRTPVirginia Rider Training Program (Virginia Department of Motor Vehicles)
VRTPVines Routing Transport Protocol
VRTPVirus-Resistant Transgenic Plant
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References in periodicals archive ?
Minimum Asset Coverage compliance is tested daily for the iMTP, VRTP, TPS and VMTP shares and monthly for the VRDP shares.
With respect to the VRTP Shares and TPS, failure to cure a breach of the Minimum Asset Coverage requirement by the allotted cure date requires the redemption of sufficient preferred shares, repayment of indebtedness or corrective trades to restore Asset Coverage to 225%.
For the VRTP Shares, if a breach of the Effective Leverage Ratio is not cured by the applicable cure date, each of the funds must restore compliance by (i) depositing enough funds with a third-party custodian to redeem a sufficient number of preferred shares, (ii) repaying indebtedness, (iii) engaging in corrective trades of certain fund assets or (iv) utilizing a combination of all three actions noted above.
However, on March 29, the loan funds listed below increased bank borrowing in order to partially redeem outstanding VRTP Shares.
--Nuveen Floating Rate Income Fund (JFR) redeemed $31 million of VRTP Shares, reducing the outstanding balance to $108 million.
--Nuveen Floating Rate Income Opportunity Fund (JRO) redeemed $23 million of VRTP Shares, reducing the outstanding balance to $75 million.
Nuveen Investments Inc disclosed on Saturday that the boards of trustees of Nuveen Floating Rate Income Fund (NYSE:JFR), Nuveen Floating Rate Income Opportunity Fund (NYSE:JRO) and Nuveen Senior Income Fund (NYSE:NSL) authorised plans for each to redeem outstanding Variable Rate Term Preferred (VRTP) shares.
VRTP shares will be redeemed at their USD100,000 liquidation preference per share, plus an additional amount reflecting the final accumulated dividend amounts owed.
Also, the Depository Trust Company will deliver a formal notice of the redemption at a later date, while JFR, JRO and NSL will redeem 310, 230 and 130 VRTP shares, respectively, on 29 March 2016.
The VRTP have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration.
These redemptions are anticipated to be funded with cash and proceeds received from the issuance of VRTP.
These redemptions, which will total approximately USD125,000,000, are anticipated to be funded with cash and proceeds received from the issuance of VRTP. The Trust currently anticipates that the redemptions of ARPS will occur during November 2012.