This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Nuveen Select Quality Municipal Fund Establishes Equity Shelf Program

Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that the Nuveen Select Quality Municipal Fund, Inc. (NYSE: NQS) has filed an initial registration statement to establish an equity shelf program. The program is designed to provide the fund’s portfolio managers with additional flexibility in pursuing attractive investment opportunities they believe may enhance long-term shareholder returns. Under its equity shelf program, the fund, subject to market conditions, may raise additional equity capital from time to time in varying amounts and offering methods at a net price at or above the fund’s net asset value per common share.

The fund’s primary investment objective is to provide current income exempt from regular federal income tax. Its secondary objective is to enhance portfolio value relative to the municipal bond market by investing in tax-exempt municipal securities that the fund’s adviser believes are underrated or undervalued or that represent municipal market sectors that are undervalued. The fund seeks to achieve its investment objective by investing at least 80 percent of its assets in tax-exempt municipal securities rated within the four highest grades (Baa/BBB or better) by at least one nationally recognized statistical rating organization or are unrated but deemed to be of comparable quality.

The fund has filed a preliminary prospectus with the Securities and Exchange Commission relating to the shelf offering of the fund. The information in the preliminary prospectus is not complete and may be changed. New shares of the fund will not be sold until the registration statement is effective. The preliminary prospectus is not an offer to sell newly registered shares and it is not soliciting an offer to buy newly registered shares in any jurisdiction where the offer or sale is not permitted.

Investors should consider the fund’s investment objectives, risks, charges and expenses carefully before investing. The fund’s preliminary prospectus contains this and other information about the fund. Investors should read the fund’s prospectus carefully before investing. Investors may obtain a prospectus by visiting Nuveen’s web site at www.nuveen.com/cef or by contacting Nuveen Investments at 1-800-257-8787.

Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutional and individual 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—Nuveen Asset Management, Symphony Asset Management, NWQ Investment Management Company, Santa Barbara Asset Management, Tradewinds Global Investors, Winslow Capital Management, and Gresham Investment Management. In total, Nuveen Investments managed approximately $230 billion as of January 31, 2012. For more information, please visit the Nuveen Investments website at www.nuveen.com.



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,203.37 -85.26 -0.47%
S&P 500 2,107.78 -9.61 -0.45%
NASDAQ 4,979.9010 -28.1950 -0.56%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs