Two Nuveen Closed-End Funds Issue At-Par Redemption Notices For Auction-Rate Preferred Securities

Nuveen Investments, a leading global provider of investment services to institutions as well as high-net-worth and affluent investors, today announced that the Nuveen Virginia Premium Income Municipal Fund (NYSE: NPV) and Nuveen Maryland Premium Income Municipal Fund (NYSE: NMY) called for redemption at par all of their outstanding auction-rate preferred securities (ARPS). The funds’ Board of Trustees has approved this redemption, which totals $58.525 million and will be funded by proceeds received from the issuance of MuniFund Term Preferred Shares (MTP).

NPV is redeeming all of its $25.55 million of currently outstanding ARPS
                         
    Total Shares   Total Amount   Redemption
Series   Cusip #   Redeemed   Redeemed   Date
T   67064R300   333   $8,325,000   April 4, 2011
TH   67064R201   689   $17,225,000   April 6, 2011
 
 

NMY is redeeming all of its $32.975 million of currently outstanding ARPS
                 
Total Shares Total Amount Redemption
Series   Cusip #   Redeemed   Redeemed   Date
W   67061Q305   585   $14,625,000   April 5, 2011
TH   67061Q206   734   $18,350,000   April 6, 2011
 

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, high-net-worth and affluent 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—NWQ, Nuveen Asset Management, Santa Barbara, Symphony, Tradewinds and Winslow Capital. In total, Nuveen Investments managed $197 billion as of December 31, 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