Two Nuveen Municipal Closed-End Funds Establish Equity Shelf Programs
August 24 2012 - 5:16PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced that the Nuveen Enhanced Municipal Value Fund (NYSE:
NEV) and Nuveen Municipal Value Fund 2 (NYSE: NUW)
have each filed initial registration statements to establish equity
shelf programs. The programs are designed to provide the funds’
portfolio managers with additional flexibility in pursuing
attractive investment opportunities they believe may enhance
long-term shareholder returns. Under the equity shelf programs, the
funds, subject to market conditions, may raise additional equity
capital from time to time in varying amounts and offering methods
at a net price at or above each fund’s net asset value per common
share.
The funds have filed preliminary prospectuses with the
Securities and Exchange Commission relating to the shelf offering
of the funds. The information in the preliminary prospectuses is
not complete and may be changed. New shares of the funds will not
be sold until the registration statements are effective. The
preliminary prospectuses are not an offer to sell newly registered
shares and are not soliciting an offer to buy newly registered
shares in any jurisdiction where the offer or sale is not
permitted.
Investors should consider each fund’s investment objectives,
risks, charges and expenses carefully before investing. The funds’
preliminary prospectuses contain this and other information about
the funds. Investors should read the prospectuses carefully before
investing. Investors may obtain a prospectus for either fund by
visiting Nuveen’s web site at www.nuveen.com/cef or by contacting
Nuveen Investments at 1-800-257-8787.
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 $212 billion as of June 30, 2012. For more
information, please visit the Nuveen Investments website at
www.nuveen.com.
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