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Nuveen New York Quality Municipal Income Fund | MuniFund Term Preferred Shares, 2.50% Series 2016 (NAN.PRD)
This preferred is marked as having been called.
Prospectus excerpt: Nuveen New York Dividend Advantage Municipal Fund is offering 2,256,000 MuniFund Term Preferred Shares, 2.50% Series 2016 (ÙSeries 2016 MTP Sharesˆ), with a liquidation preference of $10 per share (ÙMTP Sharesˆ). The Fund intends to use the net proceeds from the sale of MTP Shares to refinance and redeem all of the Fund?s outstanding Municipal Auction Rate Cumulative Preferred Shares (ÙMuniPreferred÷ sharesˆ), and to maintain the Fund?s leveraged capital structure. Certain of the underwriters and their affiliates or their customers own or are obligated to repurchase in the future MuniPreferred shares and, as a result, may benefit from any such redemption. See ÙProspectus Summary?The Offering.ˆ Full Prospectus PDF », Secondary Prospectus PDF », NAN Page »
| Series: | 2016 | | Alternate symbology: | NAN-D, NAN-PD, NANprD | | Redeemable?: | Yes | | Call Date: | 1/1/2012 (Now Trading Post Call Date) | | Maturity Date: | 1/1/2016 | | Cumulative?: | Yes | | Shares Offered: | 2,256,000 | | Overallotment: | 338,400 | | Liquidation Preference: | $10.00 | | Original Coupon: | 2.50% | | Pay Period: | Monthly | | CDx3 Compliance Rating: |
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Nuveen New York Quality Municipal Income Fund is registered as a diversified closed-end diversified management investment company. The Fund seeks to provide current income exempt from both regular federal and New York state income taxes, by investing primarily in a portfolio of municipal obligations issued by state and local government authorities within the state of New York or certain United States territories. Preferreds: NAN.PRC, NAN.PRD
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