Latest Nuveen North Carolina Premium Fund (NNC) He
Post# of 2
Nuveen Closed-End Funds Declare Monthly Distributions
Business Wire - Mon Mar 03, 5:11PM CST
Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that 84 Nuveen closed-end funds declared regular monthly distributions. These funds represent a broad range of tax-exempt, taxable fixed and floating rate income investment strategies for investors seeking to build sophisticated and diversified long-term investment portfolios for cash flow. The funds' monthly distributions are listed below.
Two Nuveen Closed-End Funds Have Certain Long-Term Preferred Share Ratings Withdrawn
Business Wire - Mon Feb 24, 3:49PM CST
Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that at the request of the fund's investment adviser, Standard & Poor's (S&P) withdrew its long-term ratings from all series of MuniTerm Preferred (MTP) shares issued by two Nuveen municipal bond closed-end funds. Fitch and Moody's will continue to provide ratings for each of the funds.
Two Nuveen Municipal Bond Closed-End Funds Complete VMTP Transactions
Business Wire - Fri Feb 21, 3:05PM CST
Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that two funds have issued Variable Rate MuniFund Term Preferred Shares (VMTP) through private placements with qualified institutional buyers, as defined pursuant to Rule 144A under the Securities Act of 1933. The proceeds of the issuance for both funds will be used to redeem all of the funds' outstanding MuniFund Term Preferred (MTP) shares as previously announced.
CORRECTING and REPLACING Nuveen Closed-End Funds Declare Monthly Distributions
Business Wire - Tue Feb 04, 4:20PM CST
In the release dated February 3, 2014, the distribution information for NVY PrC and NXM PrC has been removed and will be replaced in connection with a reorganization that will be effective prior to the open of business on February 10, 2014. The remaining distribution information remains unchanged.
Two Nuveen Closed-End Funds Issue Redemption Notices for Preferred Shares
Business Wire - Thu Jan 30, 3:05PM CST
Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that two municipal bond closed-end funds have filed with the Securities and Exchange Commission notices of intention to redeem all of their respective outstanding MuniFund Term Preferred (MTP) shares. The redemption price will be the $10 liquidation preference per MTP share, plus an additional amount representing the final accumulated distribution amounts owed. Each fund expects to finance the MTP share redemptions with the proceeds of newly issued Variable Rate MuniFund Term Preferred (VMTP) shares, and the redemptions are contingent upon the completion of all aspects of the VMTP share placements by each Fund, which may not occur as planned. Official notification of the redemptions will be delivered to MTP shareholders of each Fund at a later date through The Depository Trust Company (DTC). The anticipated date of each redemption is March 3, 2014.
Nuveen Funds Board Approves Leverage Refinancing Plan for Four CEFs
Business Wire - Fri Jan 24, 8:25AM CST
Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that the Board of Trustees of four Nuveen municipal bond closed-end funds has approved a refinancing plan to redeem all of their respective MuniFund Term Preferred (MTP) shares and Variable Rate MuniFund Term Preferred (VMTP) shares. MTP shares will be redeemed at their $10.00 liquidation value per share plus an additional amount representing any dividend amounts owed. VMTP shares will be redeemed at their $100,000 liquidation value per share plus an additional amount representing any dividend amounts owed. The redemption of both MTP shares and VMTP shares will be made with the proceeds of newly issued preferred shares, subject to completion of all aspects of their placement, which may not occur as planned.