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Fitch Rates & Affirms Preferred Shares of Nuveen Arizona Premium Income Municipal Fund on Merger

Apr 8, 2013
Fitch Ratings-New York-08 April 2013: Fitch Ratings assigns 'AAA' long-term ratings to three series of MuniFund Term Preferred Shares (MTP shares) issued by Nuveen Arizona Premium Income Municipal Fund (NAZ) in connection with the fund reorganizations described below. Fitch also affirms the 'AAA' rating assigned to one existing series of Variable Rate MuniFund Term Preferred Shares (VMTP shares) of NAZ in connection with the transactions described below. NAZ is a municipal closed-end fund (CEF) managed by Nuveen Fund Advisors, LLC (NFA) and subadvised by Nuveen Asset Management, LLC (NAM).

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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.