Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced the optional redemption price payable on the MuniFund Term Preferred (MTP) shares called for redemption by five municipal bond closed-end funds. Four of the funds will redeem all of their outstanding MTP shares on December 20, 2013, with one fund, Nuveen Dividend Advantage Municipal Fund MTP (NVG PrC), redeeming all of its outstanding MTP shares on December 23, 2013. The optional redemption price includes the liquidation preference of $10.00 per MTP share plus an additional amount equal to all unpaid dividends and distributions accumulated to (but excluding) the optional redemption date of December 20, 2013 and December 23, 2013 for NVG PrC.
|Ticker||MuniFund Term Preferred||Price Per Share|
|NAD PrC||Nuveen Dividend Advantage Municipal Fund MTP||$ 10.01425000|
|NAZ PrC||Nuveen Arizona Premium Income Municipal Fund MTP||$ 10.01081945|
|NAZ PrD||Nuveen Arizona Premium Income Municipal Fund MTP||$ 10.01530556|
|NEA PrC||Nuveen AMT-Free Municipal Income Fund MTP||$ 10.01504167|
|NUM PrC||Nuveen Michigan Quality Income Municipal Fund MTP||$ 10.01213889|
|NVG PrC||Nuveen Dividend Advantage Municipal Fund MTP||$ 10.01802778|