Nuveen Tax Free Fund, two others, to merge into All-American Municipal

By Toni Weeks

San Diego, Nov. 18 - The board of trustees and board of directors of Nuveen Municipal Trust, Nuveen Multistate Trust I and Nuveen Investment Funds, Inc. have approved the reorganization of the Nuveen Tax Free Fund, the Nuveen Municipal Bond Fund and Nuveen Municipal Bond Fund 2 into the Nuveen All-American Municipal Bond Fund, according to a 497 filing with the Securities and Exchange Commission.

Only the reorganization of the Nuveen Tax Free Fund requires shareholder approval.

A shareholder meeting is expected to occur in mid-March 2012. If the required approval is obtained, the reorganizations will occur shortly after the meeting.

It is possible that reorganization could occur between fewer than three of the acquired funds, depending on the results of the meeting.

Nuveen is a Chicago-based investment management firm.

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