Nuveen Massachusetts Premium Income Municipal to redeem preferreds

By Tali Rackner

Norfolk, Va., June 10 – The Nuveen Massachusetts Premium Income Municipal Fund plans to redeem some of its MuniFund term preferred shares, according to a Rule 23c-2 filing with the Securities and Exchange Commission.

The following will be redeemed on July 11 at a liquidation preference of $10 per share:

• 2,021,000 shares of 2.65% series 2015 preferred stock for a total of $20.21 million;

• 1,643,500 shares of 2.75% series 2016 preferred stock for a total of $16,435,000;

• 1,472,500 shares of 2.6% series 2015 preferred stock for a total of $14,725,000; and

• 2,207,500 shares of 2.65% series 2015 #1 preferred stock for a total of $22,075,000.

Nuveen is a Chicago-based investment services company.

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