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Several Nuveen Closed-End Funds Announce Optional Redemption Price On MuniFund Term Preferred Shares

Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced the optional redemption price payable on the MuniFund Term Preferred (MTP) shares called for redemption by five municipal bond closed-end funds. Four of the funds will redeem all of their outstanding MTP shares on December 20, 2013, with one fund, Nuveen Dividend Advantage Municipal Fund MTP (NVG PrC), redeeming all of its outstanding MTP shares on December 23, 2013. The optional redemption price includes the liquidation preference of $10.00 per MTP share plus an additional amount equal to all unpaid dividends and distributions accumulated to (but excluding) the optional redemption date of December 20, 2013 and December 23, 2013 for NVG PrC.
           

Optional Redemption

Ticker

MuniFund Term Preferred

Price Per Share
 
NAD PrC Nuveen Dividend Advantage Municipal Fund MTP $ 10.01425000
NAZ PrC Nuveen Arizona Premium Income Municipal Fund MTP $ 10.01081945
NAZ PrD Nuveen Arizona Premium Income Municipal Fund MTP $ 10.01530556
NEA PrC Nuveen AMT-Free Municipal Income Fund MTP $ 10.01504167
NUM PrC Nuveen Michigan Quality Income Municipal Fund MTP $ 10.01213889
NVG PrC Nuveen Dividend Advantage Municipal Fund MTP $ 10.01802778
 

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. Funds distributed by Nuveen Securities, LLC., a subsidiary of Nuveen Investments, Inc. In total, Nuveen Investments managed nearly $215 billion as of September 30, 2013. For more information, please visit the Nuveen Investments website at www.nuveen.com.

Copyright Business Wire 2010

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