Three Nuveen Closed-End Funds Announce Intention to Redeem Preferred Shares
Business Wire - Fri Sep 05, 3:30PM CDT
Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that the Board of three Nuveen municipal bond closed-end funds has approved the funds' plans to redeem a portion of their preferred shares. Each fund has filed, or will file, with the Securities and Exchange Commission a notice of intention to redeem a portion of its outstanding Variable Rate MuniFund Term Preferred (VMTP) shares, in the case of Nuveen Dividend Advantage Municipal Fund 3 (NZF) or a portion of its outstanding Variable Rate Demand Preferred (VRDP) shares, in the case of Nuveen Municipal Advantage Fund, Inc. (NMA) and Nuveen Quality Income Municipal Fund, Inc. (NQU).
Nuveen Closed-End Funds Declare Monthly Distributions
Business Wire - Tue Sep 02, 3:19PM CDT
Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that 76 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.
Nuveen Announces Results of Closed-End Fund Shareholder Meetings
Business Wire - Tue Aug 19, 3:30PM CDT
--Investment Management & Sub-Advisory Agreements Approved
Four Nuveen Closed-End Funds Announce Commencement of Tender Offers
Business Wire - Mon Aug 18, 3:30PM CDT
Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that each of the closed-end funds listed below today commenced a tender offer.
Four Nuveen Closed-End Funds Announce Tender Offer Dates
Business Wire - Fri Aug 08, 8:25AM CDT
Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced the dates of the previously announced tender offers for each of the closed-end funds listed below.
Four Nuveen closed-end funds propose tender offers for up to 10% of outstanding common stock
M2 - Thu Jul 17, 3:34AM CDT
A provider of investment services Nuveen Investments disclosed on Wednesday that the boards of trustees of each of the closed-end funds, Nuveen Dividend Advantage Municipal Fund 3 (NYSE MKT:NZF); Nuveen Dividend Advantage Municipal Income Fund (NYSE MKT:NVG) Nuveen Municipal Advantage Fund Inc (NYSE:NMA); and Nuveen Quality Income Municipal Fund Inc (NYSE:NQU) authorised each to conduct a tender offer.
Four Nuveen Closed-End Funds Announce Intent to Conduct Tender Offers
Business Wire - Wed Jul 16, 3:32PM CDT
Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that the Board of Trustees of each of the closed-end funds listed below approved for each fund to conduct a tender offer to purchase up to 10 percent of its outstanding common shares for cash at a price per share equal to 98 percent of the net asset value per share as of the purchase date.
Two Nuveen Municipal Bond Closed-End Funds Complete Preferred Share Issuances
Business Wire - Tue Apr 01, 3:00PM CDT
Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that two funds have issued Institutional MuniFund Term Preferred Shares (iMTP) along with one of the funds issuing 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 preferred issuances for both funds will be used to redeem all of each Fund's outstanding MuniFund Term Preferred (MTP) and VMTP shares as previously announced.
Two Nuveen Closed-End Funds Issue Redemption Notices for Preferred Shares
Business Wire - Tue Mar 11, 3:29PM CDT
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) and Variable Rate MuniFund Term Preferred (VMTP) shares. The MTP redemption price will be the $10 liquidation preference per share, plus an additional amount representing the final accumulated distribution amounts owed. The VMTP redemption price will be the $100,000 liquidation preference per share, plus an additional amount representing the final accumulated distribution amounts owed. Each fund expects to finance the MTP and VMTP share redemptions with the proceeds of newly issued preferred shares and the redemptions are contingent upon the completion of all aspects of such preferred share placements by each Fund, which may not occur as planned. Official notification of the redemptions will be delivered to MTP and VMTP shareholders of each Fund at a later date through The Depository Trust Company (DTC). The anticipated date of each redemption is April 11, 2014.
Several Nuveen Closed-End Funds Have Certain Long-Term Preferred Share Ratings Withdrawn
Business Wire - Fri Mar 07, 4:07PM 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 Variable Rate Demand Preferred (VRDP) and MuniTerm Preferred (MTP) shares issued by 27 Nuveen municipal bond closed-end funds. Fitch and Moody's will continue to provide both long-term and short-term ratings for each of the funds.
12.6% Return Seen to Date on SmarTrend Nuveen Dividend Advantage Municipal Fund 3 Call (NZF)
Comtex SmarTrend(R) - Thu Feb 20, 9:26AM CST
SmarTrend identified a Downtrend for Nuveen Dividend Advantage Municipal Fund 3 (AMEX:NZF) on December 18th, 2012 at $14.94. In approximately 14 months, Nuveen Dividend Advantage Municipal Fund 3 has returned 12.62% as of today's recent price of $13.05.
Nuveen Dividend Advantage Municipal Fund 3 Down 13.6% Since SmarTrend Downtrend Call (NZF)
Comtex SmarTrend(R) - Tue Feb 11, 9:19AM CST
SmarTrend identified a Downtrend for Nuveen Dividend Advantage Municipal Fund 3 (AMEX:NZF) on December 18th, 2012 at $14.94. In approximately 14 months, Nuveen Dividend Advantage Municipal Fund 3 has returned 13.63% as of today's recent price of $12.90.
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.
Nuveen Dividend Advantage Municipal Fund 3 Shares Down 14.4% Since SmarTrend's Sell Call (NZF)
Comtex SmarTrend(R) - Mon Jan 27, 11:06AM CST
SmarTrend identified a Downtrend for Nuveen Dividend Advantage Municipal Fund 3 (AMEX:NZF) on December 18th, 2012 at $14.94. In approximately 14 months, Nuveen Dividend Advantage Municipal Fund 3 has returned 14.36% as of today's recent price of $12.79.