Nuveen Municipal Value Fund 2 Announces Updated Fund Name and Investment Policies
September 20 2012 - 4:30PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions, as well as individual investors, today
announced that the Board of Trustees of the Nuveen Municipal Value
Fund 2 (NYSE: NUW) approved changing the fund’s name to
Nuveen AMT-Free Municipal Value Fund, effective October 15, 2012,
to better reflect the fund’s existing practice of not investing in
municipal securities that pay interest taxable under the federal
alternative minimum tax applicable to individuals (AMT Bonds). In
connection with the change in the fund’s name, the Board also
approved a change to the fund’s investment policy relating to
investments subject to AMT to align them with those of Nuveen’s
other AMT-free closed-end funds. For specific details of the
changes, please see NUW Questions & Answers.
NUW’s investment objective of offering current income exempt
from regular federal income taxes, and its secondary objective of
offering attractive total return will remain unchanged, and the
fund’s ticker symbol of NUW will also remain unchanged. For more
details on NUW and AMT-Free investing with Nuveen closed-end funds
can be found in the AMT-Free Resource Center.
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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