Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item |
Nuveen Pennsylvania to redeem $23 million auction-rate preferreds
By Marisa Wong
Madison, Wis., Oct. 29 - Nuveen Investments said that the Nuveen Pennsylvania Dividend Advantage Municipal Fund 2 will redeem all $23 million of its outstanding series M auction-rate preferred securities at par.
The auction-rate preferreds will be redeemed on Nov. 19 at par.
The redemption will be funded with proceeds from the issuance of MuniFund term preferred shares.
Nuveen is an investment management firm based in Chicago.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.