Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced the Board of Trustees of certain Nuveen municipal bond closed-end funds approved a series of mergers. The mergers are subject to customary conditions, including shareholder approval at a special shareholder meeting later this year. The mergers are intended to create a single, larger fund with lower operating expenses and increased trading volume on the exchange for its common shares.
More information on the proposed mergers will be contained in the proxy materials expected to be filed in the coming weeks. The proposed fund mergers are:
|Acquired Fund||Symbol||Acquiring Fund||Symbol|
|• Nuveen New York Quality Income Municipal Fund, Inc.||NUN|
|• Nuveen New York Premium Income Municipal Fund, Inc.||NNF|
|• Nuveen New York Investment Quality Municipal Fund, Inc.||NQN||Nuveen New York AMT-Free Municipal Income Fund||NRK|
|• Nuveen New York Select Quality Municipal Fund, Inc.||NVN|
|• Nuveen New York Dividend Advantage Municipal Income Fund||NKO|
|• Nuveen Premier Municipal Opportunity Fund, Inc.||NIF||Nuveen AMT-Free Municipal Income Fund||NEA|
|• Nuveen Premium Income Municipal Opportunity Fund||NPX|
More information on these and other Nuveen closed-end funds is posted on Nuveen’s web site at www.nuveen.com/cef.
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 $227 billion as of March 31, 2012. For more information, please visit the Nuveen Investments website at www.nuveen.com.FORWARD LOOKING STATEMENTS
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