Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced that the Nuveen Quality Income Municipal Fund, Inc. (NYSE: NQU) called for redemption at par all of its outstanding auction-rate preferred securities (ARPS). The funds’ Board of Trustees has approved this redemption, which totals $386.875 million and will be funded by proceeds received from the issuance of Variable Rate Demand Preferred shares (VDRPs). NQU is redeeming all of its $386.875 million of currently outstanding ARPS.
|Series||Cusip #||Total Shares Redeemed||Total Amount Redeemed||Redemption Date|
|M||670977206||2,567||$64,175,000||January 21, 2011|
|T||670977404||2,569||$64,225,000||January 24, 2011|
|W1||670977503||2,568||$64,200,000||January 18, 2011|
|W2||670977701||1,780||$44,500,000||January 18, 2011|
|TH||670977602||3,423||$85,575,000||January 19, 2011|
|F||670977305||2,568||$64,200,000||January 20, 2011|