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Nuveen Massachusetts AMT-Free Municipal Income Fund | MuniFund Term Preferred Shares, 2.65% Series 2015 (NGX.PRC)
Prospectus excerpt: Nuveen Insured Massachusetts Tax-Free Advantage Municipal Fund is offering 2,107,500 MuniFund Term Preferred Shares, 2.65% Series 2015 (ôSeries 2015 MTP Sharesö), with a liquidation preference of $10 per share (ôMTP Sharesö). The Fund intends to use the net proceeds from the sale of MTP Shares to refinance and redeem all of the FundÆs outstanding Municipal Auction Rate Cumulative Preferred Shares (ôMuniPreferredÖ sharesö), and to maintain the FundÆs 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 ôProspectus SummaryùThe Offering.ö Full Prospectus PDF », NGX Page »
Series: | 2015 | Alternate symbology: | NGX-C, NGX-PC, NGXprC | Redeemable?: | Yes | Call Date: | 3/1/2011 (Now Trading Post Call Date) | Maturity Date: | 3/1/2015 | Cumulative?: | Yes | Shares Offered: | 2,107,500 | Overallotment: | 316,125 | Liquidation Preference: | $10 | Original Coupon: | 2.65% | Pay Period: | Monthly | CDx3 Compliance Rating: |
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Nuveen Insured Massachusetts Tax-Free Advantage Municipal Fund is a closed-end management investment company. The Fund seeks to provide income exempt from both regular federal and designated state income taxes, and in the case of Insured Massachusetts Tax-Free Advantage the alternative minimum tax applicable to individuals, by investing primarily in a diversified portfolio of municipal obligations issued by state and local government authorities within a single state or certain U.S. territories. As of May 31 2013, the Fund's total assets were $62,377,329 and the Fund's investment portfolio totaled $61,131,477. Preferred: NGX.PRC Open the NGX Information Page »
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