This Day On The Street
Continue to site
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

Two Nuveen Closed-End Funds Issue Redemption Notices For Preferred Shares

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 a notice of intention to redeem all of the outstanding MuniFund Term Preferred (MTP) shares for each of the funds. Additionally, one of the funds, the Nuveen Ohio Quality Income Municipal Fund (NYSE: NUO), will redeem all of its outstanding Variable Rate MuniFund Term Preferred (VMTP) shares. The redemption price will be the $10 liquidation value per MTP share, plus an additional amount representing the final accumulated distribution amounts owed and the $100,000 liquidation value per VMTP share, plus an additional amount representing the final accumulated distribution amount owed. Each fund expects to finance the MTP and VMTP share redemptions with the proceeds of newly issued Variable Rate Demand Preferred (VRDP) shares and the redemptions are contingent upon the completion of all aspects of VRDP share placement, which may not occur as planned. Official notification of the redemption will be delivered to MTP and VMTP shareholders at a later date through the Depository Trust Company (DTC). The anticipated redemption date is October 7, 2013.

The funds filing the notice are as follows:

Fund & Common Share Symbol

MTP Share Symbols


Nuveen Ohio Quality Income Municipal Fund ( NUO)


NUO PrA 670980804NUO PrC 670980606NUO PrD 670980705

Nuveen California Dividend Advantage Municipal Fund 3 ( NZH)


NZH PrA 67070Y406NZH PrB 67070Y505NZH PrC 67066Y501


The address of the redemption and paying agent, Computershare Inc., is as follows: 250 Royall Street, Canton, Massachusetts 02021.

1 of 3

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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,790.19 +13.76 0.08%
S&P 500 1,979.92 -7.13 -0.36%
NASDAQ 4,748.3610 -32.9030 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs