Nuveen Closed-End Funds Provide Update on Fund Mergers
February 11 2016 - 4:30PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced an update to previously announced proposed fund mergers
for eight national municipal closed-end funds. Shareholders of the
four closed-end funds listed immediately below approved a plan to
merge the funds as follows:
Acquired Fund
Symbol Acquiring Fund
Symbol
Nuveen Premium Income MunicipalFund 4,
Inc.
NPT
Nuveen Dividend AdvantageMunicipal Fund 3,
to be renamedNuveen Enhanced MunicipalCredit Opportunities Fund
NZF
Nuveen Dividend AdvantageMunicipal Fund
2
NXZ
Nuveen Municipal Advantage Fund,Inc.
NMA
Additionally the meeting of the shareholders of the four
closed-end funds listed in the table below was adjourned until
March 2, 2016. The proposed merger that requires shareholder vote
and approval is as follows:
Acquired Fund
Symbol Acquiring Fund
Symbol
Nuveen Municipal Opportunity Fund,Inc.
NIO
Nuveen Dividend AdvantageMunicipal Income
Fund, to berenamed Nuveen EnhancedAMT-Free Municipal
CreditOpportunities Fund
NVG Nuveen Quality Municipal Fund, Inc. NQI
Nuveen Quality Income MunicipalFund,
Inc.
NQU
A Nuveen Municipal Bond Closed-End Funds Q&A posted on
Nuveen’s web site provides a summary of the proposed mergers.
Detailed information on the proposals is contained in the proxy
materials previously filed with the SEC.
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 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 approximately $225 billion as of
December 31, 2015. For more information, please visit the Nuveen
Investments website at www.nuveen.com.
Each acquiring fund has filed a joint proxy statement/prospectus
and other proxy materials with the SEC in connection with the
proposed merger and repositioning. Investors are urged to read the
proxy materials and any other relevant documents because they
contain important information about the proposals. Free copies of
the proxy materials are available on the SEC’s web site at
www.sec.gov and on Nuveen`s web site at www.nuveen.com/cef.
This communication does not constitute an offer for same of any
securities and is not a solicitation of a proxy from any fund
shareholder. The funds, Nuveen Fund Advisors and certain of their
respective directors/trustees, officers and affiliates may be
deemed under the rules of the SEC to be participants in the
solicitation of proxies from shareholders in connection with the
proposals. Information about the directors/trustees and officers of
the funds may be found in their respective annual reports and
annual proxy statements previously filed with the SEC.
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:
• market developments; • legal and regulatory
developments; and • other additional risks and uncertainties.
Nuveen and the closed-end funds managed by Nuveen and its
affiliates undertake no responsibility to update publicly or revise
any forward-looking statement.
13990-INV-O-02/17
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version on businesswire.com: http://www.businesswire.com/news/home/20160211006453/en/
Nuveen InvestmentsMedia Contact:Kristyna Munoz, (312)
917-8343kristyna.munoz@nuveen.com
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