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Nuveen Texas Quality Income Municipal Fund Issues At-Par Redemption Notices for Auction-Rate Preferred Securities

^{Published on 2010-11-05 15:10:52 - Market Wire}
 

CHICAGO--([ BUSINESS WIRE ])--Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced that the Nuveen Texas Quality Income Municipal Fund (NYSE: NTX) called for redemption at par all of its outstanding auction-rate preferred securities (ARPS). The funda™s Board of Trustees had previously approved this redemption, which totals more than $65 million. This redemption will be funded by proceeds received from the issuance of MuniFund Term Preferred Shares (MTP).

NTX is redeeming all of its $65.05 million of currently outstanding ARPS.

For more information about Nuveen closed-end funds, visit [ www.nuveen.com/cef ]. ARPS information and updates are posted on Nuveena™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 NWQ, Nuveen, Santa Barbara, Symphony, Tradewinds, Winslow Capital and Nuveen HydePark. In total, the Company managed more than $160 billion as of September 30, 2010. For more information, please visit the Nuveen Investments website at [ www.nuveen.com ].