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Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item
Published on 10/29/2010 in the Prospect News Liability Management Daily, Prospect News Municipals Daily and Prospect News Preferred Stock Daily.

Nuveen Pennsylvania to redeem $23 million auction-rate preferreds

By Marisa Wong

Madison, Wis., Oct. 29 - Nuveen Investments said that the Nuveen Pennsylvania Dividend Advantage Municipal Fund 2 will redeem all $23 million of its outstanding series M auction-rate preferred securities at par.

The auction-rate preferreds will be redeemed on Nov. 19 at par.

The redemption will be funded with proceeds from the issuance of MuniFund term preferred shares.

Nuveen is an investment management firm based in Chicago.


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