Business & Finance
Business and Finance
Business and Finance
Tue, March 1, 2011
Mon, February 28, 2011 Nuveen Arizona Dividend Advantage Municipal Fund 3 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 Nuveen Arizona Dividend Advantage Municipal Fund 3 (AMEX: NXE) called for redemption at par all of its outstanding auction-rate preferred securities (ARPS). The funda™s Board of Trustees has approved this redemption, which totals $18.4 million and will be funded by proceeds received from the issuance of MuniFund Term Preferred Shares (MTP)
NXE is redeeming all of its $18.4 million of currently outstanding ARPS.
| Series | Cusip # | Total Shares | Total Amount | Redemption Date | |||||||||
| M | 67072E200 | 736 | $18,400,000 | March 25, 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, high-net-worth and affluent 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 affiliatesa"NWQ, Nuveen Asset Management, Santa Barbara, Symphony, Tradewinds and Winslow Capital. In total, Nuveen Investments managed $197 billion as of December 31, 2010. For more information, please visit the Nuveen Investments website at [ www.nuveen.com ].
