Nuveen Closed-End Fund Proposals Receive Support of Leading Proxy Advisory Service
20 Enero 2010 - 3:15PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions and high-net-worth investors, today
announced that Institutional Shareholder Services Inc. (ISS) has
recommended that shareholders vote in favor of proposed investment
policy changes for 30 Nuveen closed-end municipal bond funds. ISS
is widely recognized as the leading independent proxy advisory firm
in the nation. Its recommendations are relied upon by hundreds of
major institutional investment firms, mutual funds, and other
fiduciaries throughout the country.
ISS recommends the funds’ shareholders vote in favor of the
proposed changes at the funds’ annual shareholder’s meeting which
were adjourned to March 23, 2010. The closed-end funds holding the
adjourned shareholder meeting and vote are:
Nuveen Arizona Dividend Advantage
Municipal Fund 2 (NKR)
Nuveen Arizona Premium Income
Municipal Fund, Inc. (NAZ)
Nuveen California Dividend
Advantage Municipal Fund (NAC)
Nuveen California Dividend
Advantage Municipal Fund 2 (NVX)
Nuveen California Dividend
Advantage Municipal Fund 3 (NZH)
Nuveen California Investment
Quality Municipal Fund, Inc. (NQC)
Nuveen California Municipal Market
Opportunity Fund, Inc. (NCO)
Nuveen Insured California Premium
Income Municipal Fund, Inc. (NPC)
Nuveen California Performance Plus
Municipal Fund, Inc. (NCP)
Nuveen California Quality Income
Municipal Fund, Inc. (NUC)
Nuveen California Select Quality
Municipal Fund, Inc. (NVC)
Nuveen Insured California Dividend
Advantage Municipal Fund (NKL)
Nuveen Connecticut Dividend
Advantage Municipal Fund (NFC)
Nuveen Georgia Dividend Advantage
Municipal Fund 2 (NKG)
Nuveen Massachusetts Dividend
Advantage Municipal Fund (NMB)
Nuveen Massachusetts Premium
Income Municipal Fund (NMT)
Nuveen Missouri Premium Income
Municipal Fund (NOM)
Nuveen New Jersey Dividend
Advantage Municipal Fund (NXJ)
Nuveen New Jersey Dividend
Advantage Municipal Fund 2 (NUJ)
Nuveen New Jersey Investment
Quality Municipal Fund, Inc. (NQJ)
Nuveen New Jersey Premium Income
Municipal Fund, Inc. (NNJ)
Nuveen North Carolina Dividend
Advantage Municipal Fund (NRB)
Nuveen North Carolina Dividend
Advantage Municipal Fund 2 (NNO)
Nuveen Ohio Dividend Advantage
Municipal Fund 2 (NBJ)
Nuveen Ohio Quality Income
Municipal Fund, Inc. (NUO)
Nuveen Pennsylvania Dividend
Advantage Municipal Fund (NXM)
Nuveen Pennsylvania Dividend
Advantage Municipal Fund 2 (NVY)
Nuveen Pennsylvania Investment
Quality Municipal Fund (NQP)
Nuveen Pennsylvania Premium Income
Municipal Fund 2 (NPY)
Nuveen Virginia Premium Income
Municipal Fund (NPV)
Each funds’ Board has recommended that shareholders vote in
favor of implementing the new investment policies in order to help
provide the fund’s management:
- Enhanced ability to meet
investment objectives while maintaining the quality orientation of
the fund's investment portfolio.
- Increased flexibility in
diversifying portfolio risks and managing duration to help sustain
and build net asset value.
- Improved secondary market
competitiveness that may lead to a higher relative market price
and/or stronger premium/discount performance.
Investors who have not mailed in their proxy and wish to vote
via the Internet may download their fund's proxy statement and vote
their proxy online. To vote over the internet, investors should go
to www.proxyweb.com if they received their proxy materials directly
from Nuveen. Investors who received their proxy material from their
Financial Advisor should go to www.proxyvote.com. In both cases,
investors should enter the control number provided with their
Notice of Annual/Special Meeting of Shareholders, and follow the
proxy voting instructions. Additionally, shareholders who wish to
vote by telephone should call the toll-free number located on their
proxy card and follow the recorded instructions, using their proxy
card as a guide.
For more information on these proposals and other Nuveen
closed-end funds, please visit www.nuveen.com/cef.
Nuveen Investments provides high quality investment services
designed to help secure the long-term goals of institutions and
high net worth investors as well as the consultants and financial
advisors who serve them. Nuveen Investments markets its growing
range of specialized investment solutions under the high-quality
brands of HydePark, NWQ, Nuveen, Santa Barbara, Symphony,
Tradewinds and Winslow Capital. In total, the Company managed $141
billion of assets on September 30, 2009. For more information,
please visit the Nuveen Investments website at www.nuveen.com.
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