Nuveen Texas Quality Income Municipal Fund Completes Preferred Share Issuance
10 Aprile 2015 - 10:30PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced that Nuveen Texas Quality Income Municipal Fund issued
Institutional MuniFund Term Preferred (iMTP) shares through a
private placement with qualified institutional buyers, as defined
pursuant to Rule 144A under the Securities Act of 1933 (the
Securities Act). The proceeds of the iMTP share issuance will be
used to redeem all of the Fund’s outstanding MuniFund Term
Preferred (MTP) shares as previously announced.
New Preferred Share Issuance Details:
Fund
Common
Share
Ticker
Preferred
Type
Preferred
Issuance
Amount ($mm)
Term
Redemption
Date
Nuveen Texas Quality Income Municipal
Fund
NTX iMTP $72.000 11/1/2018
iMTP share dividends will be set weekly at a spread to the
Securities Industry and Financial Markets Association Municipal
Swap Index (SIFMA) and are preferred securities that are senior,
with priority in all respects, to the Fund’s common shares in
liquidation and as to payments of dividends.
The proceeds of the completed iMTP share issuance will be
deposited in trust with an affiliate of Computershare Inc., the
Redemption and Paying Agent for the MTP shares that are to be
redeemed. This deposit will be held for the benefit of MTP
shareholders and those shares will be redeemed on April 20, 2015.
Official notification of the redemption will be delivered to MTP
shareholders through The Depository Trust Company (DTC). Upon
redemption of the MTP shares, the fund intends to deregister and
delist the MTP shares from the New York Stock Exchange.
No iMTP shares have been registered under the Securities Act or
any state securities laws. Unless so registered, no iMTP shares may
be offered or sold in the United States except pursuant to an
exemption from the registration requirements of the Securities Act
and applicable state securities laws. This press release is neither
an offer to sell nor a solicitation of an offer to buy any of these
securities.
Nuveen Investments provides high-quality investment services
designed to help secure the long-term goals of institutional and
individual 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—Nuveen Asset Management, LLC, Symphony Asset Management
LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset
Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital
Management, LLC and Gresham Investment Management LLC, all of which
are registered investment advisers and independent investment
subsidiaries of Nuveen Investments, Inc. Fund distributed by Nuveen
Securities, LLC, a subsidiary of Nuveen Investments, Inc. Nuveen
Investments operates as a separate subsidiary within TIAA-CREF,
which is a leading provider of retirement and financial services in
the academic, research, medical and cultural fields. In total,
Nuveen Investments managed approximately $230 billion as of
December 31, 2014. For more information, please visit the Nuveen
Investments website at www.nuveen.com.
7007-INV-O-04/16
Nuveen InvestmentsMedia Contact:Kristyna Munoz(312)
917-8343kristyna.munoz@nuveen.com
Grafico Azioni Nuveen Texas Quality Mun... (NYSE:NTX)
Storico
Da Apr 2024 a Mag 2024
Grafico Azioni Nuveen Texas Quality Mun... (NYSE:NTX)
Storico
Da Mag 2023 a Mag 2024
