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Two Nuveen Closed-End Funds Issue At-Par Redemption Notices for Auction-Rate Preferred Securities

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  Published in Business and Finance on Tuesday, March 15th 2011 at 13:25 GMT by Market Wire
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CHICAGO--([ BUSINESS WIRE ])--Nuveen Investments, a leading global provider of investment services to institutions as well as high-net-worth and affluent investors,today announced that the Nuveen Virginia Premium Income Municipal Fund (NYSE: NPV) and Nuveen Maryland Premium Income Municipal Fund (NYSE: NMY)called for redemption at par all of their outstanding auction-rate preferred securities (ARPS). The fundsa™ Board of Trustees has approved this redemption, which totals $58.525 million and will be funded by proceeds received from the issuance of MuniFund Term Preferred Shares (MTP).

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 ].