Three Nuveen Closed-End Funds Issue Redemption Notices for Preferred Shares Business Wire CHICAGO -- April 29, 2014 Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that three municipal bond closed-end funds have filed with the Securities and Exchange Commission notices of intention to redeem all of their respective outstanding MuniFund Term Preferred (MTP) shares. The MTP redemption price will be the $10 liquidation preference per share, plus an additional amount representing the final accumulated distribution amounts owed. Each fund expects to finance the MTP share redemptions with the proceeds of newly issued preferred shares (“new preferred shares”) and the redemptions are contingent upon the completion of all aspects of such preferred share placements by each fund, which may not occur as planned. Official notification of the redemptions will be delivered to MTP shareholders of each fund at a later date through The Depository Trust Company (DTC). The anticipated date of each redemption is May 30, 2014. The funds filing the notices and a description of their outstanding MTP shares are as follows: Fund & Common Share Symbol MTP Share Symbols / CUSIPs NKG PRC / 67072B Nuveen Georgia Dividend Advantage 305 NKG PRD / 67072B Municipal Fund 2 (NKG) 404 NKG PRE / 67072B 503 NMY PRC / 67061Q NMY PRF / 67061Q 404 701 Nuveen Maryland Premium Income NMY PRD / 67061Q NMY PRG / 67061Q Municipal Fund (NMY) 503 800 NMY PRE / 67061Q NMY PRH / 67061Q 602 883 Nuveen Pennsylvania Investment NQP PRC / 670972 NQP PRD / 670972 Quality Municipal Fund (NQP) 801 884 The address of the redemption and paying agent, Computershare Inc., is as follows: 250 Royall Street, Canton, Massachusetts 02021. The funds intend to offer new preferred shares to qualified institutional buyers (as defined in Rule 144A of the Securities Act of 1933 (the Securities Act)) in private offerings exempt from registration under the Securities Act. No new preferred shares have been registered under the Securities Act or any state securities laws. Unless so registered, no new preferred shares may be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws. This press release is neither an offer to sell nor a solicitation of an offer to buy any securities. 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, LLC, Symphony Asset Management LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital Management, LLC and Gresham Investment Management LLC, all of which are registered investment advisers and subsidiaries of Nuveen Investments, Inc. Funds distributed by Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc. In total, Nuveen Investments managed approximately $221 billion as of December 31, 2013. For more information, please visit the Nuveen Investments website at www.nuveen.com. FORWARD LOOKING STATEMENTS Certain statements made in this release are forward-looking statements. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements due to numerous factors. These include, but are not limited to: *the acceptance by qualified institutional buyers of, and demand for, preferred shares in amounts sufficient for each fund to refinance its MTP shares as applicable; *the need to obtain the agreement of all parties to the final terms of the offerings of preferred shares; *other legal and regulatory developments; and *other additional risks and uncertainties. Nuveen and the closed-end funds managed by Nuveen and its affiliates undertake no responsibility to update publicly or revise any forward-looking statement. Contact: Nuveen Investments Media Contact: Kathleen Cardoza, (312) 917-7813 email@example.com
Three Nuveen Closed-End Funds Issue Redemption Notices for Preferred Shares
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