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Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item
Published on 11/5/2010 in the Prospect News Liability Management Daily, Prospect News Municipals Daily and Prospect News Preferred Stock Daily.

Nuveen Texas to redeem $65.05 million auction-rate preferreds

By Marisa Wong

Cleveland, Nov. 5 - Nuveen Investments said that the Nuveen Texas Quality Income Municipal Fund will redeem all $65.05 million of its outstanding auction-rate preferred securities at par.

To be redeemed on Nov. 26 are $17.9 million of series M preferreds, and to be redeemed on Nov. 23 are $47.15 million of series TH preferreds.

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

Nuveen is an investment management firm based in Chicago.


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