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Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item
Published on 11/24/2010 in the Prospect News Liability Management Daily, Prospect News Municipals Daily and Prospect News Preferred Stock Daily.

Nuveen Ohio to redeem $16.5 million auction-rate preferred securities

By Melissa Kory

Cleveland, Nov. 24 - Nuveen Investments said that the Nuveen Ohio Dividend Advantage Municipal Fund will redeem $16.5 million of its $29 million outstanding series W auction-rate preferred securities.

The preferreds will be redeemed on Dec. 14 at par.

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

Nuveen is an investment management firm based in Chicago.


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