Nuveen Announces Completion of Ohio and Arizona Closed-End Fund Mergers

Nuveen Announces Completion of Ohio and Arizona Closed-End Fund Mergers

CHICAGO--(BUSINESS WIRE)-- Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that the reorganizations of certain Nuveen Ohio and Arizona closed-end funds were completed prior to the opening of the New York Stock Exchange on April 8, 2013. As part of a previously announced reorganization, the funds have been merged as outlined in the table below. Additionally, the change of domicile reorganization from a Minnesota corporation to a Massachusetts business trust is now complete.

In the mergers, NUO and NAZ acquired substantially all of the assets and liabilities of the respective state funds in tax-free transactions in exchange for an equal aggregate value of newly-issued common shares. The exchanges took place based upon the funds' closing net asset values on April 5, 2013. The exchange ratios at which common shares of each acquired fund were exchanged for common shares of the acquiring funds are listed below:

Additionally, MuniFund Term Preferred (MTP) shareholders of each acquired fund received an equivalent number of newly issued MTP shares from the acquiring fund, with the same terms as their previous MTP shares.

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 subsidiaries of Nuveen Investments, Inc. In total, Nuveen Investments managed approximately $219 billion as of December 31, 2012. For more information, please visit the Nuveen Investments website at www.nuveen.com.

MEDIA CONTACT:
Nuveen Investments
Kristyna Munoz, (312) 917-8343
kristyna.munoz@nuveen.com

KEYWORDS: United States North America Arizona Illinois Ohio

INDUSTRY KEYWORDS:

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