Nuveen Missouri registers up to $18.24 million MuniFund preferreds

By Jennifer Chiou

New York, Nov. 2 - Nuveen Missouri Premium Income Municipal Fund registered to sell 1,823,800 MuniFund term preferred shares at a proposed maximum price of $10 each, according to an N-2/A filing with the Securities and Exchange Commission.

The registration covers up to $18.24 million of the series 2015 preferreds.

The preferreds will be redeemed after five years if not called earlier.

The fund has applied to list the preferreds on the New York Stock Exchange.

Proceeds will be used to refinance and redeem outstanding municipal auction-rate cumulative preferred shares and to maintain the fund's leveraged capital structure.

The closed-end management investment company's principal offices are in Chicago.

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