Nuveen Announces Three Mergers For Municipal Closed-End Funds

Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that shareholders of certain Nuveen state municipal bond closed-end funds approved three mergers. The mergers are intended to create single state funds with lower operating expenses and increased trading volume on the exchange for common shares.

In connection with the shareholder approval, the funds will be merged as follows:
                       
    Acquired Funds     Symbol     Acquiring Fund     Symbol

 

Nuveen California PerformancePlus Municipal Fund, Inc.
    NCP        
 

Nuveen California MunicipalMarket Opportunity Fund, Inc.
NCO

Nuveen California Dividend

NAC

Advantage Municipal Fund

Nuveen California InvestmentQuality Municipal Fund, Inc.
NQC

 

 
 

Nuveen California Quality IncomeMunicipal Fund, Inc.
NUC

 
 

 

Nuveen California Select QualityMunicipal Fund, Inc.
    NVC            
 
                               
    Acquired Fund             Symbol     Acquiring Fund     Symbol
    Nuveen California Premium                 Nuveen California AMT-Free    
Income Municipal Fund NCU Municipal Income NKX
                        Fund      
 
                       
   

Acquired Funds
    Symbol     Acquiring Fund     Symbol

 

Nuveen Massachusetts Dividend
    NMB        
Advantage Municipal Fund

Nuveen Massachusetts

 

Premium Income

NMT

Nuveen Massachusetts AMT-

 

Municipal Fund

 
    Free Municipal Income Fund    

NGX
   

 
     
 

Subject to the satisfaction of certain customary closing conditions, the reorganizations are expected to close prior to the opening of the New York Stock Exchange on June 9, 2014. More information on these and other Nuveen closed-end funds is posted on Nuveen’s web site at www.nuveen.com/cef.

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, LLC, Symphony Asset Management LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital Management, LLC and Gresham Investment Management LLC, all of which are registered investment advisers and subsidiaries of Nuveen Investments, Inc. Funds distributed by Nuveen Securities, LLC., a subsidiary of Nuveen Investments, Inc. In total, Nuveen Investments managed nearly $221 billion as of December 31, 2013. For more information, please visit the Nuveen Investments website at www.nuveen.com.

FORWARD LOOKING STATEMENTS

If you liked this article you might like

Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Tomorrow: JPW, NPT, NAC

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: GLDI, MHY, NAC

3 Stocks Going Ex-Dividend Tomorrow: JHP, NPT, NAC

3 Stocks With Upcoming Ex-Dividend Dates: JSD, JPI, NAC

Tomorrow's Ex-Dividends To Watch: NEV, MFL, NAC