Eight Nuveen Funds to Redeem $700 Million in Auction-Rate Preferred Securities

Eight Nuveen Investments closed-end funds have called for redemption of $700 million in auction-rate preferred securities at par.

With this latest round of refinancing, Nuveen will have redeemed $3.4 billion, or 80% of the $4.3 billion in taxable auction-rate preferred securities.

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