Nuveen Dividend Advantage to redeem $168.4 million preferred shares

By Jennifer Chiou

New York, Sept. 8 - Nuveen Dividend Advantage Municipal Fund 3 will redeem its series W, TH and F municipal auction-rate cumulative preferred shares, according to a filing with the Securities and Exchange Commission.

The preferreds each have a liquidation preference of $25,000, and the redemption will total $168.4 million, including:

• 2,246 series W preferreds on Oct. 4;

• 2,245 series TH preferreds on Oct. 5; and

• 2,245 series F preferreds on Sept. 29.

Nuveen is an investment management firm based in Chicago.

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