Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, announced that revised investment policies took effect today for 12 insured closed-end municipal bond funds.
As previously announced on October 31, 2011, the funds’ Board of Trustees approved changes to each fund’s investment policies intended to increase the fund’s flexibility regarding the types of securities available for investment.
The changes provide that:
- Each fund will eliminate the investment policy requiring it, under normal circumstances, to invest at least 80 percent of its managed assets in municipal securities that are covered by insurance guaranteeing the timely payment of principal and interest.
- Each fund will continue to invest substantially all (at least 80 percent) of its managed assets in investment grade quality municipal securities.
In connection with the changes in policy, each fund has changed its name as follows:
Previous Fund Name
|Ticker Symbol (remains unchanged)|
New Fund Name
|Nuveen Insured Quality Municipal Fund, Inc.||NQI||Nuveen Quality Municipal Fund, Inc.|
|Nuveen Insured Municipal Opportunity Fund, Inc.||NIO||Nuveen Municipal Opportunity Fund, Inc.|
|Nuveen Premier Insured Municipal Income Fund, Inc.||NIF||Nuveen Premier Municipal Opportunity Fund, Inc.|
|Nuveen Insured Premium Income Municipal Fund 2||NPX||Nuveen Premium Income Municipal Opportunity Fund|
Nuveen Insured Dividend Advantage Municipal Fund
Nuveen Dividend Advantage Municipal Income Fund
|Nuveen Insured Tax-Free Advantage Municipal Fund||NEA||Nuveen AMT-Free Municipal Income Fund|
|Nuveen New York Quality Income Municipal Fund, Inc.||NUN||Nuveen New York Quality Income Municipal Fund, Inc.|
|Nuveen Insured New York Premium Income Municipal Fund, Inc.||NNF||Nuveen New York Premium Income Municipal Fund, Inc.|
|Nuveen New York Investment Quality Municipal Fund, Inc.||NQN||Nuveen New York Investment Quality Municipal Fund, Inc.|
|Nuveen New York Select Quality Municipal Fund, Inc.||NVN||Nuveen New York Select Quality Municipal Fund, Inc.|
|Nuveen Insured New York Dividend Advantage Municipal Fund||NKO||Nuveen New York Dividend Advantage Municipal Income Fund|
|Nuveen Insured New York Tax-Free Advantage Municipal Fund||NRK||Nuveen New York AMT-Free Municipal Income Fund|
More information on these and other Nuveen closed-end funds is posted on Nuveen’s web site at www.nuveen.com/cef.
Nuveen Investments provides high quality investment services designed to help secure the long-term goals of institutional and individual investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliates—Nuveen Asset Management, NWQ, Santa Barbara, Symphony, Tradewinds, and Winslow Capital. In total, Nuveen Investments managed $207 billion as of October 31, 2011. For more information, please visit the Nuveen Investments website at www.nuveen.com.
Kristyna Muñoz, (312) 917-8343
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here