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Nuveen Municipal High Income Opportunity Fund calls portion of auction-rate preferreds
By Jennifer Chiou
New York, Nov. 20 - Nuveen Investments announced that its closed-end fund, Nuveen Municipal High Income Opportunity Fund, has called for redemption at par a portion of its auction-rate preferred securities.
The company said that the fund's board of trustees has approved the redemption.
The municipal fund is redeeming $5 million of its $140 million of ARPS.
Nuveen said it will redeem $1.3 million of the securities on Dec. 11, $2.4 million on Dec. 16 and another $1.3 million on Dec. 17.
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