|
|
|
Nuveen New Jersey Dividend Advantage Municipal Fund 2 | MuniFund Term Preferred Shares, 2.00% Series 2015 (NUJ.PRC)
Prospectus excerpt: Nuveen New Jersey Dividend Advantage Municipal Fund 2 is offering 3,205,000 MuniFund Term Preferred Shares, 2.00% Series 2015 (ÙSeries 2015 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 », NUJ Page »
Series: | 2015 | Alternate symbology: | NUJ-C, NUJ-PC, NUJprC | Redeemable?: | Yes | Call Date: | 11/1/2011 (Now Trading Post Call Date) | Maturity Date: | 11/1/2015 | Cumulative?: | Yes | Shares Offered: | 3,205,000 | Overallotment: | 480,750 | Liquidation Preference: | $10.00 | Original Coupon: | 2.00% | Pay Period: | Monthly | CDx3 Compliance Rating: |
Learn NUJ.PRC's Rating
|
|
Nuveen New Jersey Dividend Advantage Municipal Fund 2 is a diversified, closed-end management investment company. The Fund seeks to provide current income exempt from both regular federal and designated state income taxes by investing primarily in a portfolio of municipal obligations issued by state and local government authorities within a single state or certain United States territories. 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). As of Apr 30 2014, the Fund's total assets were $103,055,044 and investment portfolio totaled $100,476,800. Preferred: NUJ.PRC Open the NUJ Information Page »
|
|
|
|
|