Four Nuveen Closed-End Funds Issue At-Par Redemption Notices for Auction-Rate Preferred Securities
28 Luglio 2011 - 11:00PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions as well as high-net-worth and affluent
investors, today announced that the Nuveen Dividend Advantage
Municipal Fund (NYSE: NAD), Nuveen Insured Tax-Free Advantage
Municipal Fund (AMEX: NEA), Nuveen Michigan Premium Income
Municipal Fund, Inc. (NYSE: NMP) and Nuveen Arizona Premium Income
Municipal Fund, Inc. (NYSE: NAZ) called for redemption at par all
of their outstanding auction-rate preferred securities (ARPS). The
funds’ Board of Trustees has approved the redemptions, which total
$269.025 million and will be funded by proceeds received from the
issuance of Variable Rate MuniFund Term Preferred Shares
(VMTP).
NAD is redeeming all of its $120.075 million of currently
outstanding ARPS.
Total Shares Total Amount
Redemption Series Cusip #
Redeemed Redeemed Date M
67066V200 1,628 $40,700,000 August 19, 2011 T
67066V309 1,628 $40,700,000 August 22,
2011 TH 67066V408 1,547 $38,675,000
August 24, 2011
NEA is redeeming all of its $67.375 million of currently
outstanding ARPS.
Total Shares Total Amount
Redemption Series Cusip #
Redeemed Redeemed Date T
670657204 1,104 $27,600,000 August 22, 2011 W
670657303 1,105 $27,625,000 August 23,
2011 W2 670657402 486 $12,150,000
August 23, 2011
NAZ is redeeming all of its $27.875 million of currently
outstanding ARPS.
Total Shares Total Amount
Redemption Series Cusip #
Redeemed Redeemed Date TH
67061W203 1,115 $27,875,000 August 24, 2011
NMP is redeeming all of its $53.7 million of currently
outstanding ARPS.
Total Shares Total Amount
Redemption Series Cusip #
Redeemed Redeemed Date M
67101Q307 805 $20,125,000 August 19, 2011 TH
67101Q208 1,343 $33,575,000 August 24,
2011
For more information about Nuveen closed-end funds, visit
www.nuveen.com/cef. ARPS information and updates are posted on
Nuveen’s auction-rate preferred resource center at
www.nuveen.com/arps.
Nuveen Investments provides high quality investment services
designed to help secure the long-term goals of institutions, high
net worth and affluent investors as well as the consultants and
financial advisors who serve them. Nuveen Investments markets a
wide range of specialized investment solutions which provide
investors access to capabilities of its high-quality boutique
investment affiliates - NWQ, Nuveen Asset Management, Santa
Barbara, Symphony, Tradewinds and Winslow Capital. In total, Nuveen
Investments had $212 billion of assets under management as of April
30, 2011. For more information, please visit the Nuveen Investments
website at www.nuveen.com.
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