Nuveen Announces Merger for Virginia Closed-End Funds
22 Juni 2012 - 3:15PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced that shareholders of certain Virginia state municipal
bond closed-end funds approved a merger. The merger is intended to
create a single Virginia state fund with lower operating expenses
and increased trading volume on the exchange for common shares.
In connection with the shareholder approval, the funds will be
merged as follows:
Acquired Fund Symbol
Acquiring Fund Symbol
- Nuveen Virginia DividendAdvantage Municipal Fund
- Nuveen Virginia DividendAdvantage Municipal Fund 2
NGBNNB
Nuveen Virginia PremiumIncome Municipal
Fund
NPV
Subject to the satisfaction of certain customary closing
conditions, the reorganizations are expected to close prior to the
opening of the New York Stock Exchange on August 6, 2012. More
information on these and other Nuveen closed-end funds is posted on
Nuveen’s web site at www.nuveen.com/cef.
Nuveen Investments provides high-quality investment services
designed to help secure the long-term goals of institutional and
individual 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—Nuveen Asset Management, Symphony Asset Management, NWQ
Investment Management Company, Santa Barbara Asset Management,
Tradewinds Global Investors, Winslow Capital Management, and
Gresham Investment Management. In total, Nuveen Investments managed
approximately $227 billion as of March 31, 2012. For more
information, please visit the Nuveen Investments website at
www.nuveen.com.
Nuveen Virginia Dividend Advantage Municipal Fund 2 Common Shares of Beneficial Interest (AMEX:NNB)
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