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Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item
Published on 11/17/2010 in the Prospect News Liability Management Daily, Prospect News Municipals Daily and Prospect News Preferred Stock Daily.

Nuveen Michigan Dividend muni fund to redeem auction-rate preferreds

By Susanna Moon

Chicago, Nov. 17 - Nuveen Investments said the Nuveen Michigan Dividend Advantage Municipal Fund will redeem all of its $14.275 million outstanding auction-rate preferred securities at par on Dec. 7.

Funding for the offer will come from the sale of five-year MuniFund term preferred shares by the Michigan Dividend fund for $14.83 million.


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