Company Website:
http://www.nuveen.com
CHICAGO -- (Business Wire)
Nuveen Investments, a leading global provider of investment services to
institutions as well as high-net-worth and affluent investors, today
announced that the Nuveen California Dividend Advantage Municipal Fund 3 (AMEX:
NZH) called for redemption a portion of its outstanding auction-rate
preferred securities (ARPS). The fund’s Board of Trustees has approved
this redemption, which totals $26.325 million and will be funded by
proceeds received from the issuance of MuniFund Term Preferred Shares
(MTP).
NZH is redeeming $26.325 million of its $69.5 million of
currently outstanding ARPS.
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| Series |
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| Cusip # |
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| Total Shares
Redeemed |
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| Total Amount
Redeemed |
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| Redemption
Date |
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M
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67070Y307
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526
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$13,150,000
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May 6, 2011
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TH
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67070Y208
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527
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$13,175,000
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May 4, 2011
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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, high-net-worth and
affluent investors as well as the consultants and financial advisors who
serve them. Nuveen Investments markets a wide range of specialized
investment solutions which provide investors access to capabilities of
its high-quality boutique investment affiliates—NWQ, Nuveen Asset
Management, Santa Barbara, Symphony, Tradewinds and Winslow Capital. In
total, Nuveen Investments managed $197 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
Source: Nuveen Investments