E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers N > Headlines for Nuveen Investments Inc. > News item
Published on 12/17/2009 in the Prospect News Municipals Daily.

Two Nuveen funds issue $101.5 million of MuniFund term preferreds

By Marisa Wong

Milwaukee, Dec. 17 - Nuveen Investments announced that the Nuveen California Dividend Advantage Municipal Fund 3 has successfully completed the issuance of $75 million of MuniFund term preferred shares, and Nuveen New York Dividend Advantage Municipal Fund has successfully completed the issuance of $26.5 million of MuniFund term preferred shares.

Net proceeds from these offerings will be used to refinance a portion of the funds' outstanding auction-rate preferred securities.

Nuveen is a Chicago-based seller of investment products.


© 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.