Three Nuveen Closed-End Funds Announce Optional Redemption Price on MuniFund Term Preferred Shares

Three Nuveen Closed-End Funds Announce Optional Redemption Price on MuniFund Term Preferred Shares

CHICAGO--(BUSINESS WIRE)-- Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced the optional redemption price payable on the MuniFund Term Preferred (MTP) shares called for redemption by three municipal bond closed-end funds. As previously announced, the three funds will redeem all of their outstanding MTP shares on September 9, 2013. The optional redemption price includes the liquidation preference of $10.00 per MTP share plus an additional amount equal to all unpaid dividends and distributions accumulated to (but excluding) the optional redemption date of September 9, 2013.

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. Funds distributed by Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc. In total, Nuveen Investments managed approximately $216 billion as of June 30, 2013. For more information, please visit the Nuveen Investments website at www.nuveen.com.

Nuveen Investments
Media Contact:
Kristyna Munoz
(312) 917-8343
KRISTYNA.MUNOZ@NUVEEN.COM

KEYWORDS: United States North America Illinois

INDUSTRY KEYWORDS:

The article Three Nuveen Closed-End Funds Announce Optional Redemption Price on MuniFund Term Preferred Shares originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.