Business & Finance
Business and Finance
Business and Finance
Wed, March 16, 2011
Tue, March 15, 2011 Two Nuveen Closed-End Funds Issue At-Par Redemption Notices for Auction-Rate Preferred Securities
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).
NPV is redeeming all of its $25.55 million of currently outstanding ARPS | ||||||||||||
| Total Shares | Total Amount | Redemption | ||||||||||
| Series | Cusip # | Redeemed | Redeemed | Date | ||||||||
| T | 67064R300 | 333 | $8,325,000 | April 4, 2011 | ||||||||
| TH | 67064R201 | 689 | $17,225,000 | April 6, 2011 | ||||||||
NMY is redeeming all of its $32.975 million of currently outstanding ARPS | ||||||||||||
| Total Shares | Total Amount | Redemption | ||||||||||
| Series | Cusip # | Redeemed | Redeemed | Date | ||||||||
| W | 67061Q305 | 585 | $14,625,000 | April 5, 2011 | ||||||||
| TH | 67061Q206 | 734 | $18,350,000 | April 6, 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 ].
