Nuveen Investments, a leading global provider of investment services to institutions, as well as individual investors, today announced that three national municipal closed-end funds have successfully completed Variable Rate MuniFund Term Preferred Shares (VMTP) transactions in privately negotiated exchange offers and private placements. The funds and their corresponding amounts of VMTP shares are as follows:
|Nuveen Premium Income Municipal Fund, Inc. (NYSE: NPI)||$407.0 million|
|Nuveen Performance Plus Municipal Fund, Inc. (NYSE: NPP)||$535.0 million|
|Insured Quality Municipal Fund, Inc. (NYSE: NQI)||$240.4 million|
Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutional and individual 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—Nuveen Asset Management, Symphony Asset Management, NWQ Investment Management Company, Santa Barbara Asset Management, Tradewinds Global Investors, Winslow Capital Management, and Gresham Investment Management. In total, Nuveen Investments managed approximately $212 billion as of June 30, 2012. For more information, please visit the Nuveen Investments website at www.nuveen.com.