Nuveen Ohio, Georgia funds plans to redeem some preferred shares

By Wendy Van Sickle

Columbus, Ohio, March 24 – The Nuveen Ohio Quality Municipal Income Fund and Nuveen Georgia Quality Municipal Income Fund intend to redeem some preferred shares by April 14, according to a news release.

The Ohio fund plans to redeem all 1,480 of its outstanding series 1 variable rate demand preferred shares (Cusip: 670980879) and the Georgia fund intends to redeem all 585 of its outstanding series 2028 adjustable rate MuniFund term preferred shares (Cusip: 67072B875). In each case, the redemption price will be the $100,000 liquidation preference per share, plus an additional amount representing the final accumulated dividends owed.

The redemption price will be the $100,000 liquidation preference plus accumulated distributions.

The redemption is to be funded with portfolio sales and cash on hand, and the redemption is subject to market conditions and the completion of the portfolio sales.

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