Four Nuveen Closed-End Funds Announce Commencement of Tender Offers
August 18 2014 - 4:30PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced that each of the closed-end funds listed below today
commenced a tender offer.
Closed-End Funds
Nuveen Dividend Advantage Municipal Fund 3 (NYSE MKT:
NZF) Nuveen Dividend Advantage Municipal Income Fund (NYSE
MKT: NVG) Nuveen Municipal Advantage Fund, Inc. (NYSE:
NMA) Nuveen Quality Income Municipal Fund, Inc. (NYSE:
NQU)
As previously announced, each fund will purchase up to 10
percent of its outstanding common shares for cash at a price per
share equal to 98 percent of the net asset value per share
determined on the date the tender offer expires. Each tender offer
will expire on September 19, 2014 at 5:00 p.m. Eastern time, or on
such later date to which the offer is extended.
Additional terms and conditions of the tender offer are set
forth in each fund’s tender offer materials, which will be
distributed to shareholders. If the amount of a fund’s outstanding
common shares that is tendered exceeds the maximum amount of its
offer, the fund will purchase shares from tendering shareholders on
a pro rata basis. Accordingly, there is no assurance that a fund
will purchase all of a shareholder’s tendered shares.
This announcement is not a recommendation, an offer to purchase
or a solicitation of an offer to sell shares of a fund. A tender
offer will be made only by an offer to purchase, a related letter
of transmittal and other documents, which have been filed with the
Securities and Exchange Commission as exhibits to a tender offer
statement on Schedule TO. Common shareholders of a fund should read
the offer to purchase and tender offer statement on Schedule TO and
related exhibits as they contain important information about the
tender offer. The offer to purchase and related letter of
transmittal are available free of charge at http://www.sec.gov and
from the funds by calling Georgeson, Inc., the funds’ information
agent for the tender offer, at: (877) 278-9670 (NZF); (888)
661-5651 (NVG); (888) 680-1529 (NMA); or (800) 509-1312 (NQU).
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 subsidiaries of Nuveen
Investments, Inc. Funds distributed by Nuveen Securities, LLC, a
subsidiary of Nuveen Investments, Inc. In total, Nuveen Investments
managed $231 billion as of June 30, 2014. For more information,
please visit the Nuveen Investments website at www.nuveen.com.
2789-INV-008/15
Nuveen InvestmentsMedia Contact:Kristyna Munoz,
(312) 917-8343kristyna.munoz@nuveen.com
Nuveen AMT Free Municipa... (NYSE:NVG)
Historical Stock Chart
From Jul 2024 to Aug 2024
Nuveen AMT Free Municipa... (NYSE:NVG)
Historical Stock Chart
From Aug 2023 to Aug 2024