Business & Finance
Business and Finance
Business and Finance 
Wed, December 23, 2009
Tue, December 22, 2009
Nuveen California Dividend Advantage Municipal Fund 3 Issues At-Par Redemption Notice for Auction-Rate Preferred Securities
CHICAGO--([ BUSINESS WIRE ])--Nuveen California Dividend Advantage Municipal Fund 3 (AMEX: NZH)today called for redemption at par a portion of its outstanding auction-rate preferred securities. This redemption will be funded by proceeds received from the issuance of MuniFund Term Preferred Shares (MTP).
NZH is redeeming $73.5 million of its $154.075 million of currently outstanding ARPS.
| Series | Cusip # | Total Shares Redeemed | Total Amount Redeemed | Redemption Date | |||||||||||
| M | 67070Y307 | 1,470 | $36,750,000 | January 14, 2010 | |||||||||||
| TH | 67070Y208 | 1,470 | $36,750,000 | January 13, 2010 |
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 and high net worth investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets its growing range of specialized investment solutions under the high-quality brands of HydePark, NWQ, Nuveen, Santa Barbara, Symphony, Tradewinds and Winslow Capital. In total, the Company managed $141 billion as of September 30, 2009. For more information, please visit the Nuveen Investments website at [ www.nuveen.com ].