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Fitch Rates VRDP Shares Issued by 3 Nuveen Funds to Refinance Outstanding Preferred Shares

Aug 29, 2013
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Fitch RateFitch Ratings-New York-29 August 2013: Fitch Ratings assigns long-term ratings of 'AAA' and short-term ratings of 'F1+' to variable-rate demand preferred shares (VRDP shares) issued by three Nuveen municipal closed-end funds. The funds are managed by Nuveen Fund Advisors, LLC (NFA) and subadvised by Nuveen Asset Management, LLC (NAM). s VRDP Shares Issued by 3 Nuveen Funds to Refinance Outstanding Preferred Shares

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Fitch Ratings

Dual-headquartered in New York and London, Fitch Ratings is a global rating agency dedicated to providing value beyond the rating through independent and prospective credit opinions, research, and data. Offering a world of knowledge and experience behind every opinion, we transform information to deliver meaning and utility to investors, issuers, and other market participants. Fitch Ratings’ global expertise draws on local market knowledge and spans the fixed-income universe. The additional context, perspective and insights we provide help investors make important credit judgments with confidence.

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