Business & Finance
Business and Finance
Business and Finance
Mon, May 9, 2011
Sun, May 8, 2011
Sat, May 7, 2011
Fri, May 6, 2011 Four Nuveen Closed-End Funds Issue At-Par Redemption Notice 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 four closed-end funds, Nuveen Premium Income Municipal Fund 2, Inc. (NYSE: NPM), Nuveen Select Quality Municipal Fund, Inc. (NYSE: NQS), Nuveen Investment Quality Municipal Fund, Inc. (NYSE: NQM) and Nuveen Premier Municipal Income Fund, Inc. (NYSE: NPF) called for redemption at par all of their outstanding auction-rate preferred securities (ARPS). The fundsa™ Board of Trustees has approved these redemptions, which total approximately $1.1 billion and will be funded by proceeds received from the issuance of Variable Rate Demand Preferred shares (VDRP).
NPM is redeeming all of its $487.525 million of currently outstanding ARPS.
| Series | Cusip # | Total Shares | Total Amount | Redemption Date | ||||
| M | 67063W508 | 1,600 | $40,000,000 | May 26, 2011 | ||||
| M2 | 67063W805 | 1,379 | $34,475,000 | May 26, 2011 | ||||
| T | 67063W300 | 2,401 | $60,025,000 | May 27, 2011 | ||||
| T2 | 67063W888 | 2,683 | $67,075,000 | May 27, 2011 | ||||
| W | 67063W607 | 1,600 | $40,000,000 | May 31, 2011 | ||||
| TH | 67063W409 | 2,401 | $60,025,000 | June 1, 2011 | ||||
| TH2 | 67063W870 | 1,379 | $34,475,000 | June 1, 2011 | ||||
| F | 67063W201 | 1,601 | $40,025,000 | May 26, 2011 | ||||
| F2 | 67063W706 | 1,504 | $37,600,000 | May 26, 2011 | ||||
| F3 | 67063W862 | 1,915 | $47,875,000 | May 26, 2011 | ||||
| F4 | 67063W854 | 1,038 | $25,950,000 | May 26, 2011 |
NQS is redeeming all of its $251.275 million of currently outstanding ARPS.
Series | Cusip # | Total Shares | Total Amount | Redemption | ||||
| M | 670973304 | 1,801 | $45,025,000 | May 26, 2011 | ||||
| T | 670973502 | 1,801 | $45,025,000 | May 27, 2011 | ||||
| W | 670973403 | 2,522 | $63,050,000 | May 31, 2011 | ||||
| TH | 670973601 | 1,405 | $35,125,000 | June 1, 2011 | ||||
| F | 670973205 | 2,522 | $63,050,000 | May 26, 2011 |
NQM is redeeming all of its $210.7 million of currently outstanding ARPS.
| Series | Cusip # | Total Shares | Total Amount | Redemption | ||||
| M | 67062E400 | 1,750 | $43,750,000 | May 26, 2011 | ||||
| T | 67062E301 | 1,750 | $43,750,000 | May 27, 2011 | ||||
| W | 67062E509 | 1,749 | $43,725,000 | May 31, 2011 | ||||
| TH | 67062E608 | 1,429 | $35,725,000 | June 1, 2011 | ||||
| F | 67062E202 | 1,750 | $43,750,000 | May 26, 2011 |
NPF is redeeming all of its $126.85 million of currently outstanding ARPS.
| Series | Cusip # | Total Shares | Total Amount | Redemption | ||||
| M | 670988401 | 769 | $19,225,000 | May 26, 2011 | ||||
| T | 670988203 | 2,153 | $53,825,000 | May 27, 2011 | ||||
| TH | 670988302 | 2,152 | $53,800,000 | June 1, 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 affiliates - 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 ].
