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Prospect News home > News index > List of issuers T > Headlines for Tenders 2009 > News item
Published on 12/21/2009 in the Prospect News Municipals Daily.

Nuveen muni fund calls $29.5 million of auction-rate preferreds

By Marisa Wong

Milwaukee, Dec. 21 - Nuveen New York Dividend Advantage Municipal Fund announced it will redeem $29.5 million of its $51.4 million of outstanding auction-rate preferred securities.

The securities will be redeemed at par.

The redemption will be funded by proceeds received from the issuance of MuniFund term preferred shares.

Nuveen is a Chicago-based seller of investment products.


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