Preferred Stock Calendar

APRIL

ASHFORD HOSPITALITY TRUST INC.: Series E cumulative preferred stock; $25.00 per share liquidation preference; quarterly dividend; optional redemption after April 2016; proceeds to redeem all or some of series B-1 cumulative convertible redeemable preferred stock, all shares held by Security Capital Preferred Growth Inc., to repay credit facility borrowings and for general corporate purposes; Citigroup Global Markets Inc., Merrill Lynch and UBS Securities LLC (joint bookrunners); Deutsche Bank Securities Inc. and Stifel, Nicolaus & Co. Inc. (senior co-managers); Robert W. Baird & Co. Inc., Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA) Inc., FBR Capital Markets and KeyBanc Capital Markets LLC (co-mangers); Dallas-based real estate investment trust.

ON THE HORIZON

NUVEEN INVESTMENTS, LLC/NUVEEN DIVIDEND ADVANTAGE MUNICIPAL FUND 3: Series 2016-1 MuniFund term preferred shares; liquidation preference of $10.00 each; redeemed after five years if not called earlier; monthly dividend rate; proceeds to redeem the fund's outstanding municipal auction-rate cumulative preferreds and to maintain its leveraged capital structure; fund is a Chicago-based closed-end management investment company.

NUVEEN INVESTMENTS LLC/NUVEEN CALIFORNIA DIVIDEND ADVANTAGE MUNICIPAL FUND 2: 4,284,630 series 2014 MuniFund term preferred shares at $10.00 per share; $10.00 per share liquidation preference; Morgan Stanley & Co., Inc., Merrill Lynch, Citigroup Global Markets Inc., UBS Investment Bank and Wells Fargo Securities Inc. (lead); Nuveen Investments (co-manager); proceeds to refinance and redeem all outstanding municipal auction-rate cumulative preferred shares and to maintain the fund's leveraged capital structure; Chicago-based fund is a diversified, closed-end management investment company.

NUVEEN INVESTMENTS LLC/NUVEEN INSURED DIVIDEND ADVANTAGE MUNICIPAL FUND: 10,000 MuniFund term preferred shares at $10.00 per share; $10.00 per share liquidation preference. Nuveen Investments (co-manager); proceeds to be used to refinance and redeem municipal auction-rate cumulative preferred shares and to maintain the fund's leveraged capital structure; Chicago-based fund is a diversified, closed-end management investment company.

NUVEEN INVESTMENTS LLC/NUVEEN TAX-FREE ADVANTAGE MUNICIPAL FUND: MuniFund term preferred shares at $10.00 per share; Nuveen Investments (co-manager); proceeds to be used to refinance and redeem municipal auction-rate cumulative preferred shares and to maintain the fund's leveraged capital structure; Chicago-based fund is a diversified, closed-end management investment company.

NUVEEN INVESTMENTS, LLC/NUVEEN MARYLAND PREMIUM INCOME MUNICIPAL FUND: Series 2015-1 MuniFund term preferred shares; proceeds to be used to refinance and redeem municipal auction-rate cumulative preferred shares and to maintain the fund's leveraged capital structure; Chicago-based fund is a diversified, closed-end management investment company.

NUVEEN INVESTMENTS, LLC/NUVEEN MISSOURI PREMIUM INCOME MUNICIPAL FUND: $18.24 million MuniFund term preferred shares, made up of 1,823,800 shares at a proposed maximum price of $10.00 each; five-year maturity; proceeds will be used to refinance and redeem outstanding municipal auction-rate cumulative preferred shares and to maintain the fund's leveraged capital structure; Chicago-based fund is a diversified, closed-end management investment company.

NUVEEN INVESTMENTS LLC/NUVEEN OHIO DIVIDEND ADVANTAGE MUNICIPAL FUND 3: $18.47 million, or 1.85 million series 2014 MuniFund term preferred shares, at $10.00 per share; $10.00 per share liquidation preference; Morgan Stanley & Co. Inc., Merrill Lynch, Citigroup Global Markets Inc., UBS Investment Bank and Wells Fargo Securities LLC (lead); Nuveen Investments (co-manager); proceeds to refinance and redeem all outstanding municipal auction-rate cumulative preferred shares and to maintain the fund's leveraged capital structure; Chicago-based fund is a diversified, closed-end management investment company.

NUVEEN INVESTMENTS, LLC/NUVEEN TEXAS QUALITY INCOME MUNICIPAL FUND: $76.38 million, or 7,638,000 shares, of series 2015 MuniFund term preferred shares; Morgan Stanley & Co. Inc., Merrill Lynch, Citigroup Global Markets Inc., UBS Investment Bank and Wells Fargo Securities LLC (lead); Nuveen Investments (co-manager); proceeds to refinance and redeem all outstanding municipal auction-rate cumulative preferred shares and to maintain the fund's leveraged capital structure; Chicago-based fund is a diversified, closed-end management investment company.

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