Nuveen Municipal 2021 Target Term Fund redeems $28.3 million VMTPs

By Tali Rackner

Minneapolis, March 13 – Nuveen Municipal 2021 Target Term Fund redeemed all $28.3 million of its outstanding series 19 variable-rate MuniFund term preferred shares, according to a press release.

The redemption price is the $100,000 liquidation preference per share, plus an additional amount representing the final accumulated distribution amounts owed.

The redemption was financed using proceeds from a sale of securities in the fund’s investment portfolio.

Computershare Inc. is the redemption and paying agent.

Nuveen Securities, LLC is the investment manager.

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