Two Nuveen Closed-End Funds Complete Issuance of Preferred Securities
21 Diciembre 2012 - 4:43PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions, as well as individual investors, today
announced two national municipal closed-end funds have successfully
priced and placed private offerings of new Variable Rate MuniFund
Term Preferred Shares (VMTP) with a term redemption date of January
1, 2016. The proceeds from the issuance will in part be used to
retire the funds’ bank borrowing lines of credit. The funds and
their corresponding amounts of VMTP shares are as follows:
Nuveen Municipal High Income Opportunity
Fund (NYSE: NMZ)
$51.0 million
Nuveen Municipal High Income Opportunity
Fund 2 (NYSE: NMD)
$36.0 million
VMTP dividends will be set weekly at a fixed spread to the
Securities Industry and Financial Markets Association Municipal
Swap Index (SIFMA). VMTP shares are preferred securities of the
fund and are senior, with priority in all respects, to the fund’s
common shares in liquidation and as to payments of dividends.
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 $220 billion as of September 30, 2012. For more
information, please visit the Nuveen Investments website at
www.nuveen.com.
Nuveen Municipal High Income Opportunity Fund 2 Common Shares of Beneficial Interest (NYSE:NMD)
Gráfica de Acción Histórica
De Ago 2024 a Sep 2024
Nuveen Municipal High Income Opportunity Fund 2 Common Shares of Beneficial Interest (NYSE:NMD)
Gráfica de Acción Histórica
De Sep 2023 a Sep 2024
Real-Time news about Nuveen Municipal High Income Opportunity Fund 2 Common Shares of Beneficial Interest (New York Stock Exchange): 0 recent articles
Más de Artículos de Noticias