Preferred Stock Calendar

JULY

APARTMENT INVESTMENT & MANAGEMENT CO.: 7% class Z cumulative preferred stock; $25 per share liquidation preference; dividends payable quarterly; redeemable after July 2016; McNicoll Lewis Vlak LLC (bookrunner); proceeds to be contributed to operating partnership for general corporate purposes; Denver-based real estate investment trust.

PNC FINANCIAL SERVICES GROUP INC.: Series O depositary shares representing 1/100th of a share of fixed-to-floating-rate non-cumulative perpetual preferred stock; liquidation preference of $100,000 per preferred; redeemable after Aug. 1, 2021; Bank of America Merrill Lynch, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, PNC Capital Markets LLC and Citigroup Global Markets Inc. (joint bookrunners); proceeds for general corporate purposes, including the acquisition of RBC Bank (USA).

ON THE HORIZON

NUVEEN INVESTMENTS LLC/NUVEEN ARIZONA PREMIUM INCOME MUNICIPAL FUND INC.: 10 MuniFund term preferred shares and 1,000 depositary shares representing 1/100th interest in a MuniFund share; $1,000 per MuniFund share and $10.00 per depositary share; Nuveen Investments LLC (co-manager); proceeds to refinance and redeem all outstanding municipal auction-rate cumulative preferred shares and to maintain the fund's leveraged capital structure; Chicago-based fund is a diversified, closed-end management investment company.

NUVEEN INVESTMENTS, LLC/NUVEEN DIVIDEND ADVANTAGE MUNICIPAL FUND 3: Series 2016-1 MuniFund term preferred shares; liquidation preference of $10.00 each; redeemed after five years if not called earlier; monthly dividend rate; proceeds to redeem the fund's outstanding municipal auction-rate cumulative preferreds and to maintain its leveraged capital structure; fund is a Chicago-based closed-end management investment company.

NUVEEN INVESTMENTS LLC/NUVEEN INSURED DIVIDEND ADVANTAGE MUNICIPAL FUND: 10,000 MuniFund term preferred shares at $10.00 per share; $10.00 per share liquidation preference. Nuveen Investments (co-manager); proceeds to be used to refinance and redeem municipal auction-rate cumulative preferred shares and to maintain the fund's leveraged capital structure; Chicago-based fund is a diversified, closed-end management investment company.

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