Nuveen Investments, a leading global provider of investment services to institutions as well as high-net-worth and affluent investors, today announced that Nuveen California Dividend Advantage Municipal Fund 2 (AMEX: NVX) called for redemption at par all of its outstanding auction-rate preferred securities (ARPS). The fund’s Board of Trustees has approved this redemption, which totals $39.95 million and will be funded by proceeds received from the issuance of MuniFund Term Preferred Shares (MTP). NVX is redeeming all of its $39.95 million of currently outstanding ARPS.
|Series||Cusip #||Total Shares Redeemed||Total Amount Redeemed||Redemption Date|
|M||67069X203||799||$19,975,000||April 21, 2011|
|F||67069X302||799||$19,975,000||April 20, 2011|