Nuveen Asset Management
333 West Wacker Drive
Chicago, IL 60606
Phone: 312-917-7700
www.nuveen.com
November 20, 2009
OVERNIGHT DELIVERY AND EDGAR
John Grzeskiewicz
Senior Counsel
Division of Investment Management
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Nuveen Mortgage Opportunity Term Fund
Registration Statement on Form N-2
File Nos. 333-161958 and 811-22329
Dear Mr. Grzeskiewicz:
In accordance with Rule 461 of the General Rules and Regulations under the Securities Act of 1933, as amended, Nuveen Mortgage Opportunity Term Fund (the “Fund”) hereby requests acceleration of the effective date of the above-captioned Registration Statement so that it will become effective by 10:00 a.m., Eastern Time, on November 24, 2009 or as soon thereafter as practicable.
The Fund also hereby requests that effectiveness of its Registration Statement on Form 8-A under the Securities Exchange Act of 1934, as amended, be accelerated to be concurrent with the effectiveness of the above-captioned Registration Statement.
| Sincerely, | ||
| NUVEEN MORTGAGE OPPORTUNITY TERM FUND | ||
By: | /s/ KEVIN J. MCCARTHY | |
| Kevin J. McCarthy | ||
| Vice President and Secretary | ||
VIA EDGAR
November 20, 2009
John Grzeskiewicz
Senior Counsel
Division of Investment Management
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Nuveen Mortgage Opportunity Term Fund
Registration Statement on Form N-2
File Nos. 333-161958 and 811-22329
Dear Mr. Grzeskiewicz:
Pursuant to Rule 460 of the General Rules and Regulations under the Securities Act of 1933, as amended, we, on behalf of the several underwriters, wish to advise you that distribution of the Registration Statement on Form N-2 as filed on November 9, 2009 and the Preliminary Prospectus dated November 9, 2009, began on November 9, 2009 and is expected to conclude at approximately 5:00 p.m., Eastern Time, on November 24, 2009, with anticipated distribution results as follows: a limited number of Registration Statements have or will be sent to underwriters and approximately 25,000 copies of the Preliminary Prospectus have or will be sent to underwriters, dealers and institutions.
In accordance with Rule 461 of the General Rules and Regulations under the Securities Act of 1933, as amended, the undersigned, on behalf of the underwriters of the offering of shares of common stock of the Fund, hereby joins in the request of the Fund for acceleration of the effective date of the above-named Registration Statement so that it becomes effective at 10:00 a.m., Eastern Time, on November 24, 2009 or as soon thereafter as practicable.
| Sincerely, | ||
| WELLS FARGO SECURITIES, LLC | ||
| As Representative | ||
| By: | WELLS FARGO SECURITIES, LLC | |
| By: | /s/ Jerry Raio | |
| Name: Jerry Raio | ||
| Title: Managing Director | ||
