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Security Profile
- Security Type
- Closed-End Fund
- CUSIP
- 67061W104
- Market Cap
- Micro Cap
- IPO
- 11/19/1992
- Parent Company
- Nuveen Investments, Inc.
Nuveen Investments, Inc. (JNC)
Fund Description: Nuveen Arizona Premium Income Municipal Fund is an exchange-traded closed-end fund or a closed-end ETF that is officially described as diversified, closed-end management investment company. <p> INVESTMENT OBJECTIVE: The Nuveen Arizona Premium Income Municipal Fund seeks current income exempt from both regular federal income taxes and Arizona individual income taxes, and its secondary investment objective is the enhancement of portfolio value. <p> FUND STRATEGY: The Fund invests in municipal securities that are exempt from federal and Arizona state income taxes. The Fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade (Baa/BBB or better by S&P, Moody’s, or Fitch) or, if they are unrated, are judged by the manager to be of comparable quality. The Fund may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality. The Fund uses leverage. <p> FUND MANAGEMENT: Nuveen Asset Management will serve as the Fund Manager and will be responsible for investing the Fund’s Managed Assets.
Notes: April 8, 2013 -- Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that the reorganizations of certain Nuveen Ohio and Arizona closed-end funds were completed prior to the opening of the New York Stock Exchange on April 8, 2013. As part of a previously announced reorganization, the funds have been merged as outlined below. Additionally, the change of domicile reorganization from a Minnesota corporation to a Massachusetts business trust is now complete. The Funds Below have been merged with and into NAZ.. Nuveen Arizona Dividend Advantage Municipal Fund, (NFZ) Exchange Ratio: 1.00237402; Nuveen Arizona Dividend Advantage Municipal Fund 2 (NKR), Exchange Ratio: 1.02270691; and Nuveen Arizona Dividend Advantage Municipal Fund 3 (NXE), Exchange Ratio; 0.99153069. In the mergers, NUO acquired substantially all of the assets and liabilities of the respective state funds in tax-free transactions in exchange for an equal aggregate value of newly-issued common shares. The exchanges took place based upon the funds’ closing net asset values on April 5, 2013. The exchange ratios at which common shares of each acquired fund were exchanged for common shares of the acquiring funds are listed. Additionally, MuniFund Term Preferred (MTP) shareholders of each acquired fund received an equivalent number of newly issued MTP shares from the acquiring fund, with the same terms as their previous MTP shares.
Company Contact
- Headquarters
- 333 West Wacker Drive, Chicago, IL 60606
- Phone
- 312-917-7700 · Toll-Free 800-257-8787
- Investor Relations
- Kristyna Munoz · 312-917-8343 · Kristyna.Munoz@nuveen.com