Three Nuveen Closed-End Funds Announce Actions Regarding MuniFund Term Preferred Shares

Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced that the Nuveen Ohio Dividend Advantage Municipal Fund (AMEX: NXI) called for redemption at par a portion of its outstanding auction-rate preferred securities (ARPS). The fund’s Board of Trustees had previously approved this redemption, which totals more than $16 million. This redemption will be funded by proceeds received from the issuance of MuniFund Term Preferred Shares (MTP).

NXI is redeeming $16.5 million of its $29.0 million of currently outstanding ARPS.
Series   Cusip #  

Total Shares Redeemed
 

Total Amount Redeemed
 

Redemption Date
W   67070C206   660   $16,500,000   December 14, 2010
       

Also, the MTP shares of two closed-end funds, Nuveen Texas Quality Income Municipal Fund (NYSE: NTX) and Nuveen Missouri Premium Income Municipal Fund (AMEX: NOM) began trading on the New York Stock Exchange (NYSE) today.

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 nearly $163 billion as of September 30, 2010. For more information, please visit the Nuveen Investments website at www.nuveen.com.

Copyright Business Wire 2010

More from Press Releases

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

21st Century Fox Scoops Up Local News Stations

21st Century Fox Scoops Up Local News Stations

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Three-Part FREE Webinar Series

Three-Part FREE Webinar Series

March 24 Full-Day Course Offering: Professional Approach to Trading SPX

March 24 Full-Day Course Offering: Professional Approach to Trading SPX