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Four Nuveen Closed-End Funds Issue At-Par Redemption Notice For Auction-Rate Preferred Securities

Stocks in this article: NPF NPM NQM NQS

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 funds’ 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 Redeemed


Total Amount Redeemed

  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.


  Cusip #  

Total Shares Redeemed


Total Amount Redeemed


Redemption Date

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 Redeemed


Total Amount Redeemed


Redemption Date

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 Redeemed


Total Amount Redeemed


Redemption Date

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 ARPS information and updates are posted on Nuveen’s auction-rate preferred resource center at

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

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