Nuveen to redeem MuniFund Term Preferred shares from two funds

By Tali David

Minneapolis, Sept. 4 - Nuveen Investments said the Nuveen Ohio Quality Income Municipal Fund and the Nuveen California Dividend Advantage Municipal Fund 3 will redeem all shares of their MuniFund Term Preferred shares on Oct. 7, according to a press release.

Additionally, the Nuveen Ohio fund will redeem all of its outstanding Variable Rate MuniFund Term Preferred shares.

The MuniFund Term Preferred shares will be redeemed at $10 liquidation value per share plus distribution amounts owed, and the Variable Rate MuniFund Term Preferred shares will be redeemed at the $100,000 liquidation value per share distribution amount owed.

Computershare Inc. is the redemption and paying agent.

Nuveen is a Chicago-based investment services company.

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