Nuveen Announces Investment Policy Changes in Effect for Certain Municipal Closed-End Funds
January 03 2012 - 6:08PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, announced
that revised investment policies took effect today for 12 insured
closed-end municipal bond funds.
As previously announced on October 31, 2011, the funds’ Board of
Trustees approved changes to each fund’s investment policies
intended to increase the fund’s flexibility regarding the types of
securities available for investment.
The changes provide that:
- Each fund will eliminate the investment
policy requiring it, under normal circumstances, to invest at least
80 percent of its managed assets in municipal securities that are
covered by insurance guaranteeing the timely payment of principal
and interest.
- Each fund will continue to invest
substantially all (at least 80 percent) of its managed assets in
investment grade quality municipal securities.
In connection with the changes in policy, each fund has changed
its name as follows:
Previous Fund Name
Ticker Symbol (remains unchanged)
New Fund Name
Nuveen Insured Quality Municipal Fund, Inc. NQI
Nuveen Quality Municipal Fund, Inc. Nuveen Insured Municipal
Opportunity Fund, Inc. NIO Nuveen Municipal
Opportunity Fund, Inc. Nuveen Premier Insured Municipal Income
Fund, Inc. NIF Nuveen Premier Municipal Opportunity
Fund, Inc. Nuveen Insured Premium Income Municipal Fund 2
NPX Nuveen Premium Income Municipal Opportunity Fund
Nuveen Insured Dividend Advantage
Municipal Fund
NVG
Nuveen Dividend Advantage Municipal Income
Fund
Nuveen Insured Tax-Free Advantage Municipal Fund NEA
Nuveen AMT-Free Municipal Income Fund
Nuveen New York Quality Income Municipal Fund, Inc.
NUN Nuveen New York Quality Income Municipal Fund, Inc.
Nuveen Insured New York Premium Income Municipal Fund, Inc.
NNF Nuveen New York Premium Income Municipal Fund, Inc.
Nuveen New York Investment Quality Municipal Fund, Inc. NQN
Nuveen New York Investment Quality Municipal Fund, Inc.
Nuveen New York Select Quality Municipal Fund, Inc. NVN
Nuveen New York Select Quality Municipal Fund, Inc. Nuveen
Insured New York Dividend Advantage Municipal Fund NKO
Nuveen New York Dividend Advantage Municipal Income Fund
Nuveen Insured New York Tax-Free Advantage Municipal Fund
NRK Nuveen New York AMT-Free Municipal Income Fund
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, NWQ, Santa Barbara, Symphony,
Tradewinds, and Winslow Capital. In total, Nuveen Investments
managed $207 billion as of October 31, 2011. For more information,
please visit the Nuveen Investments website at www.nuveen.com.
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