Nuveen Texas Quality Income Municipal Fund Issues Redemption Notice for Preferred Shares
20 Marzo 2015 - 2:25PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced that the Nuveen Texas Quality Income Municipal Fund
(NSYE: NTX) has filed with the Securities and Exchange
Commission a notice of intention to redeem all of its outstanding
MuniFund Term Preferred (MTP) shares. The MTP redemption price will
be the $10 liquidation preference per share, plus an additional
amount representing the final accumulated distribution amounts
owed. The fund expects to finance the MTP share redemptions with
the proceeds of newly issued preferred shares (“new preferred
shares”). The redemptions are contingent upon the completion of all
aspects of the new preferred share placement by the fund, which may
not occur as planned. Official notification of the redemptions will
be delivered to MTP shareholders of the fund at a later date
through The Depository Trust Company (DTC). The anticipated date of
redemption is April 20, 2015.
Details of the fund and its MTP shares are as follows:
Fund MTP Share
Symbol / CUSIP Nuveen Texas Quality Income Municipal Fund
(NTX) NTX PrC / 670983 402
The address of the redemption and paying agent, Computershare
Inc., is as follows: 250 Royall Street, Canton, Massachusetts
02021.
The fund intends to offer new preferred shares to qualified
institutional buyers (as defined in Rule 144A of the Securities Act
of 1933 (the Securities Act)) in a private offering exempt from
registration under the Securities Act.
No new preferred shares to be offered have been registered under
the Securities Act or any state securities laws. Unless so
registered, no new preferred shares may be offered or sold in the
United States except pursuant to an exemption from the registration
requirements of the Securities Act and applicable state securities
laws. This press release is neither an offer to sell nor a
solicitation of an offer to buy any of these securities.
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 independent investment
subsidiaries of Nuveen Investments, Inc. Funds are distributed by
Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc.
Nuveen Investments operates as a separate subsidiary within
TIAA-CREF, which is a leading provider of retirement and financial
services in the academic, research, medical and cultural fields. In
total, Nuveen Investments managed $230 billion as of December 31,
2014. For more information, please visit the Nuveen Investments
website at www.nuveen.com.
FORWARD LOOKING STATEMENTS
Certain statements made in this release are forward-looking
statements. Actual future results or occurrences may differ
significantly from those anticipated in any forward-looking
statements due to numerous factors. These include, but are not
limited to:
- the acceptance by qualified
institutional buyers of, and demand for, new preferred shares in an
amount sufficient to refinance the MTP shares;
- the need to obtain the agreement of all
parties to the final terms of the offering of new preferred
shares;
- other legal and regulatory
developments; and
- other additional risks and
uncertainties.
Nuveen Investments and the closed-end funds managed by Nuveen
Investments and its affiliates undertake no responsibility to
update publicly or revise any forward-looking statement.
6686-INV-003/16
Nuveen InvestmentsMedia Contact:Kristyna Munoz, (312)
917-8343kristyna.munoz@nuveen.com
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