Posts for Ticker ‘NFZ’

Nuveen’s Unusual Municipal Fund Issuance (NFZ, NZW, NVJ)

Nuveen Investments has made an unusual filing that under normal circumstances might not matter.  But we live in a near-zero rate world now where investors are looking for more interesting ways to earn in rates of return outside of buying and selling common stocks.  Three of its closed-end funds have filed registration statements with the SEC to issue MuniFund Term Preferred Shares.  This is a form of preferred stock which will be listed on the NYSE.  The three closed-end funds issuing these shares are Nuveen Arizona Dividend Advantage Municipal Fund (AMEX: NFZ), Nuveen Michigan Dividend Advantage Municipal Fund (AMEX: NZW) and Nuveen Ohio Dividend Advantage Municipal Fund 3 (AMEX: NVJ).
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Posted on: January 29, 2010 – 6:00 pm in Bonds, Financial Stocks, IPOs, Mutual Funds, , ,