Company Website:
http://www.nuveen.com
CHICAGO -- (Business Wire)
Nuveen Investments, a leading global provider of investment services to
institutions and high-net-worth investors, today announced that Nuveen
Maryland Dividend Advantage Municipal Fund 3 (AMEX: NWI) called
for redemption at par all of its outstanding auction-rate preferred
securities (ARPS). The fund’s Board of Trustees has approved this
redemption, which totals $14.825 million and will be funded by proceeds
received from the issuance of MuniFund Term Preferred Shares (MTP).
NWI is redeeming all of its $14.825 million of currently
outstanding ARPS.
Series |
| Cusip # |
| Total Shares Redeemed |
| Total Amount Redeemed |
| Redemption Date |
T
|
|
67072A208
|
|
593
|
|
$14,825,000
|
|
February 14, 2011
|
|
| |
| |
| |
| |
For more information about Nuveen closed-end funds, visit www.nuveen.com/cef.
ARPS information and updates are posted on Nuveen’s auction-rate
preferred resource center at www.nuveen.com/arps.
Nuveen Investments provides high quality investment services designed to
help secure the long-term goals of institutions and high net worth
investors as well as the consultants and financial advisors who serve
them. Nuveen Investments markets its growing range of specialized
investment solutions under the high-quality brands of NWQ, Nuveen Asset
Management, Santa Barbara, Symphony, Tradewinds, Winslow Capital and
Nuveen HydePark. In total, Nuveen Investments managed approximately $195
billion as of December 31, 2010. For more information, please visit the
Nuveen Investments website at www.nuveen.com.
Contacts:
Nuveen Investments
Media Contact:
Kristyna Sujata
(312)
917-8343
kristyna.sujata@nuveen.com
or
Investors
Contact:
(877) 622-7530
Source: Nuveen Investments
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