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Nuveen Pennsylvania plans to redeem VMTP shares on Dec. 28
Chicago, Nov. 28 – The Nuveen Pennsylvania Quality Municipal Income Fund intends to redeem its outstanding variable rate Munifund term preferred shares on Dec. 28, according to a company news release.
The redemption price will be the $100,000 liquidation preference plus accumulated distributions.
The redemption will be funded by new tender option bond trusts, contingent upon the completion of all aspects of the new trusts.
The fund, which trades under the ticker “NQP,” is managed by Nuveen, the investment manager of TIAA.
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