Nuveen Municipal Value Fund 2 Announces Updated Fund Name and Investment Policies
CHICAGO--(BUSINESS WIRE)-- Nuveen Investments, a leading global provider of investment services to institutions, as well as individual investors, today announced that the Board of Trustees of the Nuveen Municipal Value Fund 2 (NYSE: NUW) approved changing the fund's name to Nuveen AMT-Free Municipal Value Fund, effective October 15, 2012, to better reflect the fund's existing practice of not investing in municipal securities that pay interest taxable under the federal alternative minimum tax applicable to individuals (AMT Bonds). In connection with the change in the fund's name, the Board also approved a change to the fund's investment policy relating to investments subject to AMT to align them with those of Nuveen's other AMT-free closed-end funds. For specific details of the changes, please see NUW Questions & Answers.
NUW's investment objective of offering current income exempt from regular federal income taxes, and its secondary objective of offering attractive total return will remain unchanged, and the fund's ticker symbol of NUW will also remain unchanged. For more details on NUW and AMT-Free investing with Nuveen closed-end funds can be found in the AMT-Free Resource Center.
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, Symphony Asset Management, NWQ Investment Management Company, Santa Barbara Asset Management, Tradewinds Global Investors, Winslow Capital Management, and Gresham Investment Management. In total, Nuveen Investments managed approximately $212 billion as of June 30, 2012. For more information, please visit the Nuveen Investments website at www.nuveen.com.
Kristyna Munoz, (312) 917-8343
KEYWORDS: United States North America Illinois
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