Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item |
Nuveen New Jersey to redeem $43.93 million of auction-rate preferreds
By Toni Weeks
San Diego, March 24 - Nuveen New Jersey Dividend Advantage Municipal Fund will redeem all of its outstanding T series municipal auction-rate cumulative preferred securities on April 18, according to a filing with the Securities and Exchange Commission.
Each of the 1,757 preferred shares has a liquidation preference of $25,000, and the redemption will total $43,925,000.
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.