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|