Nuveen muni fund calls $73.5 million of auction-rate preferreds at par

By Marisa Wong

Milwaukee, Jan. 19 - Nuveen Insured Tax-Free Advantage Municipal Fund will redeem $73.5 million of its $148.75 million of outstanding auction-rate preferred securities.

The preferreds will be redeemed at par with proceeds from the issuance of MuniFund term preferred shares.

Affected are the following securities:

• $30.15 million of series T preferreds, to be redeemed Feb. 12,

• $30.15 million of series W preferreds, to be redeemed Feb. 9 and

• $13.2 million of series W2 preferreds, to be redeemed Feb. 9.

Nuveen is a Chicago-based seller of investment products.

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