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Nuveen funds eye redeeming four variable-rate MuniFund term preferreds
By Wendy Van Sickle
Columbus, Ohio, Feb. 1 – Four Nuveen funds plan to redeem variable-rate MuniFund term preferred shares on or around March 5, according to N-23C-2 filings with the Securities and Exchange Commission.
The Nuveen Intermediate Duration Quality Municipal Term Fund plans to redeem 550 variable-rate MuniFund term preferred shares, series 2018, with a liquidation preference of $100,000 apiece.
The Nuveen Municipal 2021 Target Term Fund plans to redeem 283 variable-rate MuniFund term preferred shares, series 2019, with a liquidation preference of $100,000 apiece.
The Nuveen Intermediate Duration Municipal Term Fund plans to redeem 1,750 variable-rate MuniFund term preferred shares, series 2018, with a liquidation preference of $100,000 apiece.
The Nuveen Municipal High Income Opportunity Fund plans to redeem 870 variable-rate MuniFund term preferred shares, series 2018, with a liquidation preference of $100,000 apiece.
The redemptions may be effected on different dates, due to market conditions or otherwise as determined by the board of trustees of the funds, according to the notices.
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