Nuveen Michigan to redeem $87.33 million auction-rate preferreds

By Toni Weeks

San Diego, July 14 - Nuveen Michigan Quality Income Municipal Fund, Inc. will redeem its series TH and F municipal auction-rate cumulative preferred shares, according to a filing with the Securities and Exchange Commission.

Each of the 3,493 shares has a liquidation preference of $25,000, and the redemption will total $87,325,000.

The redemption will be completed over two days as follows:

• 2,972 series TH shares on Aug. 10; and

• 521 series F shares on Aug. 4.

Nuveen is an investment management firm based in Chicago.

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