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Prospect News home > News index > List of issuers T > Headlines for Tenders 2011 > News item |
Nuveen Ohio to redeem $15.5 million auction-rate preferreds on May 16
By Toni Weeks
San Diego, April 19 - Nuveen Ohio Dividend Advantage Municipal Fund 3 announced that it will redeem all of its outstanding T series municipal auction-rate cumulative preferred shares on May 16, according to a filing with the Securities and Exchange Commission.
Each of the 620 shares has a liquidation preference of $25,000, and the redemption will total $15.5 million.
Nuveen is an investment management firm based in Chicago.
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