Business & Finance
Business and Finance
Business and Finance
Tue, December 28, 2010
Mon, December 27, 2010
Fri, December 24, 2010
Thu, December 23, 2010 Nuveen Quality Income Municipal Fund Issues At-Par Redemption Notice for Auction-Rate Preferred Securities
CHICAGO--([ BUSINESS WIRE ])--Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced that the Nuveen Quality Income Municipal Fund, Inc. (NYSE: NQU) called for redemption at par all of its outstanding auction-rate preferred securities (ARPS). The fundsa™ Board of Trustees has approved this redemption, which totals $386.875 million and will be funded by proceeds received from the issuance of Variable Rate Demand Preferred shares (VDRPs).
NQU is redeeming all of its $386.875 million of currently outstanding ARPS.
| Series | Cusip # | Total Shares | Total Amount | Redemption | ||||
| M | 670977206 | 2,567 | $64,175,000 | January 21, 2011 | ||||
| T | 670977404 | 2,569 | $64,225,000 | January 24, 2011 | ||||
| W1 | 670977503 | 2,568 | $64,200,000 | January 18, 2011 | ||||
| W2 | 670977701 | 1,780 | $44,500,000 | January 18, 2011 | ||||
| TH | 670977602 | 3,423 | $85,575,000 | January 19, 2011 | ||||
| F | 670977305 | 2,568 | $64,200,000 | January 20, 2011 | ||||
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 nearly $163 billion as of September 30, 2010. For more information, please visit the Nuveen Investments website at [ www.nuveen.com ].
