NUVEEN CALFRN INVSTMNT QLTY MNCPL FD INC 
By Seven closed-end funds sponsored by Nuveen Investments this week called for redemption at par all of their outstanding auction-rate preferred securities (ARPS). The funds' Board of Trustees has approved each redemption, which total $525.35 million. The Nuveen New York Dividend Advantage Municipal Fund (NYSE: NAN); Nuveen North Carolina Premium Income Municipal Fund (NYSE: NNC); and Nuveen Connecticut Premium Income Municipal Fund (NYSE: NTC) redemptions have been funded by proceeds received from the issuance of MuniFund Term Preferred Shares (MTP). The Nuveen New York Quality Income Municipal Fund, Inc. (NYSE: NUN); Nuveen Premier Insured Municipal Income Fund, Inc. (NYSE: NIF); Nuveen California Investment Quality Municipal Fund, Inc. (NYSE: NQC); and Nuveen California Performance Plus Municipal Fund, Inc. (NYSE: NCP) redemptions were achieved through the issuance of Variable Rate Demand Preferred shares (VDRPs).
NAN is redeeming all of its $21.9 million of currently outstanding ARPS.
| Series | Cusip # |
Total Shares |
Total Amount | Redemption Date | |||||
| F | 67066X206 | 876 | $21,900,000 | January 6, 2011 | |||||
NNC is redeeming all of its $21.55 million of currently outstanding ARPS.
| Series | Cusip # |
Total Shares |
Total Amount | Redemption Date | |||||
| TH | 67060P209 | 862 | $21,550,000 | January 5, 2011 | |||||
NTC is redeeming all of its $15.725 million of currently outstanding ARPS.
| Series | Cusip # |
Total Shares |
Total Amount | Redemption Date | ||||||
| TH | 67060D206 | 629 | $15,725,000 | January 5, 2011 | ||||||
NIF is redeeming all of its $130.125 million of currently outstanding ARPS.
| Series | Cusip # |
Total Shares |
Total Amount | Redemption Date | ||||||
| W | 670987403 | 678 | $16,950,000 | January 11, 2011 | ||||||
| TH | 670987205 | 2,263 | $56,575,000 | January 12, 2011 | ||||||
| F | 670987304 | 2,264 | $56,600,000 | January 6, 2011 | ||||||
NQC is redeeming all of its $94.925 million of currently outstanding ARPS.
| Series | Cusip # |
Total Shares |
Total Amount |
Redemption | ||||||
| M | 67062A200 | 3,051 | $76,275,000 | January 7, 2011 | ||||||
| W | 67062A309 | 746 | $18,650,000 | January 11, 2011 | ||||||
NCP is redeeming all of its $80.35 million of currently outstanding ARPS.
| Series | Cusip # |
Total Shares |
Total Amount |
Redemption | ||||||
| T | 67062Q205 | 1,357 | $33,925,000 | January 10, 2011 | ||||||
| W | 67062Q403 | 500 | $12,500,000 | January 11, 2011 | ||||||
| F | 67062Q304 | 1,357 | $33,925,000 | January 6, 2011 | ||||||
NUN is redeeming all of its $160.775 million of currently outstanding ARPS.
| Series | Cusip # |
Total Shares |
Total Amount |
Redemption | ||||||
| M | 670986306 | 1,794 | $44,850,000 | January 7, 2011 | ||||||
| W | 670986405 | 1,796 | $44,900,000 | January 11, 2011 | ||||||
| TH | 670986207 | 1,959 | $48,975,000 | January 12, 2011 | ||||||
| F | 670986504 | 882 | $22,050,000 | January 6, 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, Santa Barbara, Symphony, Tradewinds, Winslow Capital and Nuveen HydePark. In total, the Company managed nearly $163 billion as of September 30, 2010. For more information, please visit the Nuveen Investments website at www.nuveen.com.
Nuveen Investments
Media Contact:
Kristyna Sujata,
312-917-8343
kristyna.sujata@nuveen.com
