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Nuveen Municipal High Income Opportunity Fund to redeem $15 million preferreds
By Cristal Cody
Tupelo, Miss., Oct. 14 - Nuveen Investments' Municipal High Income Opportunity Fund plans to redeem at par a portion of its outstanding auction-rate preferred securities, according to a notice released Tuesday.
The fund will redeem $15 million of the $155 million currently outstanding in preferreds.
The fund intends to redeem $7.75 million in series M preferreds on Nov. 4, $3.625 million in series T preferreds on Nov. 5 and $3.625 million in series W preferreds on Nov. 6.
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