Nuveen Premier to redeem all series W, TH, F auction-rate preferreds

By Toni Weeks

San Diego, Dec. 16 - Nuveen Premier Insured Municipal Income Fund, Inc. announced that it will redeem all of its outstanding series W, TH and F municipal auction-rate cumulative preferred shares in January, according to a filing with the Securities and Exchange Commission.

Each share has a liquidation preference of $25,000, and the redemption will total $130,125,000.

The redemption will be completed over three days, with 678 series W shares to be redeemed Jan. 11; 2,263 series TH shares to be redeemed Jan. 12 and 2,264 series F shares to be redeemed Jan. 6.

Nuveen is an investment management firm based in Chicago.

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