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Nuveen Announces Mergers For Ohio And Arizona Closed-End Funds

Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that shareholders of certain Nuveen Ohio and Arizona state municipal bond closed-end funds approved a series of mergers. The mergers are intended to create two state funds with lower operating expenses and increased trading volume on the exchange for common shares.

In addition, Nuveen Ohio Quality Income Municipal Fund, Inc. (NUO) and Nuveen Arizona Premium Income Municipal Fund, Inc. (NAZ) announced that shareholders approved a change of domicile reorganization from a Minnesota corporation to a Massachusetts business trust. Upon completion of the change of domicile, the funds will become the Nuveen Ohio Quality Income Municipal Fund and the Nuveen Arizona Premium Income Municipal Fund.

In connection with the shareholder approval, the following Ohio and Arizona state funds will be merged into the newly organized funds as follows:

             
Acquired Fund   Symbol   Acquiring Fund   Symbol

• Nuveen Ohio Dividend Advantage Municipal Fund

  NXI  

Nuveen Ohio Quality Income Municipal Fund

  NUO

• Nuveen Ohio Dividend Advantage Municipal Fund 2

NBJ

• Nuveen Ohio Dividend Advantage Municipal Fund 3

NVJ

 

           
 
             
Acquired Fund   Symbol   Acquiring Fund   Symbol

• Nuveen Arizona Dividend Advantage Municipal Fund

  NFZ   Nuveen Arizona Premium Income Municipal Fund   NAZ

• Nuveen Arizona Dividend Advantage Municipal Fund 2

NKR

• Nuveen Arizona Dividend Advantage Municipal Fund 3

NXE

   

 

       

Subject to the satisfaction of certain customary closing conditions, the reorganizations are expected to close prior to the opening of the New York Stock Exchange on April 8, 2013. 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, LLC, Symphony Asset Management LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital Management, LLC and Gresham Investment Management LLC all of which are registered investment advisers and subsidiaries of Nuveen Investments, Inc. In total, Nuveen Investments managed approximately $219 billion as of December 31, 2012. For more information, please visit the Nuveen Investments website at www.nuveen.com.

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