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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item
Published on 12/31/2010 in the Prospect News Liability Management Daily, Prospect News Municipals Daily and Prospect News Preferred Stock Daily.

Nuveen California to redeem $73.33 million MuniPreferred shares

By Toni Weeks

San Diego, Dec. 30 - Nuveen Insured California Premium Income Municipal Fund 2, Inc. announced that it will redeem all of its outstanding series T and TH municipal auction-rate cumulative preferred shares in January, according to a filing with the Securities and Exchange Commission.

Each share has a liquidation preference of $25,000, and the redemption will total $73,325,000.

The redemption will take place over two days, with 1,467 series T shares to be redeemed Jan. 24 and 1,466 series TH shares to be redeemed Jan. 26.

Nuveen is an investment management firm based in Chicago.


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