Nuveen reorganizes Ohio, Missouri, Colorado funds into municipal funds

By Toni Weeks

San Diego, Nov. 8 - The board of trustees of Nuveen Multistate Trust I (NMT I) and Nuveen Multistate Trust IV (NMT IV) and the board of directors of Nuveen Investment Funds, Inc. have approved the reorganization of three state funds, according to a 497 filing with the Securities and Exchange Commission.

The three affected funds, each a series of Nuveen Investment Funds, and their new, acquiring funds are as follows:

• The Nuveen Colorado Tax Free Fund will reorganize into Nuveen Colorado Municipal Bond Fund, a series of NMT I;

• The Nuveen Missouri Tax Free Fund will reorganize into Nuveen Missouri Municipal Bond Fund, a series of NMT IV; and

• The Nuveen Ohio Tax Free Fund will reorganize into Nuveen Ohio Municipal Bond Fund, a series of NMT IV.

The reorganizations are subject to approval by shareholders of each acquired fund. If approved, each fund will transfer all of its assets and liabilities to its respective acquiring fund in exchange for shares of equal value. The shares of the new funds will then be distributed to shareholders and the old funds terminated.

Shareholder meetings are expected to be held in mid-February 2012.

Nuveen is a Chicago-based investment management firm.

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