Two Nuveen Closed-End Fund Issue At-Par Redemption Notices for Auction-Rate Preferred Securities
18 Outubro 2010 - 8:55PM
Business Wire
Two closed-end funds sponsored by Nuveen Investments today
called for redemption at par all of their outstanding auction-rate
preferred securities (ARPS). The funds’ Board of Trustees had
previously approved each redemption, which total more than $27
million. The funds include the Nuveen Arizona Dividend Advantage
Municipal Fund (AMEX: NFZ) and Nuveen Arizona Dividend
Advantage Municipal Fund 2 (AMEX: NKR). These redemptions
will be funded by proceeds received from the issuance of MuniFund
Term Preferred Shares (MTP).
NFZ is redeeming all of its $10.6 million of currently
outstanding ARPS.
Series Cusip #
Total SharesRedeemed
Total AmountRedeemed
RedemptionDate T 67069L209 424
$10,600,000 November 8, 2010
NKR is redeeming all of its $16.625 million of currently
outstanding ARPS.
Series Cusip #
Total SharesRedeemed
Total AmountRedeemed
RedemptionDate W 67071P206 665
$16,625,000 November 8, 2010
For more information about Nuveen closed-end funds, visit
www.nuveen.com/cef. ARPS information and updates are posted on
Nuveen’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 more
than $160 billion as of September 30, 2010. For more information,
please visit the Nuveen Investments website at www.nuveen.com.
Nuveen Arizona Dividend Advantage Municipal Fund 2 Common Shares of Beneficial Interest (AMEX:NKR)
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