Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced that the Nuveen Texas Quality Income Municipal Fund (NYSE: NTX) called for redemption at par all of its outstanding auction-rate preferred securities (ARPS). The fund’s Board of Trustees had previously approved this redemption, which totals more than $65 million. This redemption will be funded by proceeds received from the issuance of MuniFund Term Preferred Shares (MTP). NTX is redeeming all of its $65.05 million of currently outstanding ARPS.
For more information about Nuveen closed-end funds, visit www.nuveen.com/cef. ARPS information and updates are posted on Nuveen’s auction-rate preferred resource center at www.nuveen.com/arps. Nuveen Investments provides high quality investment services designed to help secure the long-term goals of institutions and high net worth investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets its growing range of specialized investment solutions under the high-quality brands of NWQ, Nuveen, Santa Barbara, Symphony, Tradewinds, Winslow Capital and Nuveen HydePark. In total, the Company managed more than $160 billion as of September 30, 2010. For more information, please visit the Nuveen Investments website at www.nuveen.com.
|Series||Cusip #||Total Shares Redeemed||Total Amount Redeemed||Redemption Date|
|M||670983303||716||$17,900,000||November 26, 2010|
|TH||670983204||1886||$47,150,000||November 23, 2010|