 |
 |
|
Nuveen Pennsylvania Dividend Advantage Municipal Fund 2 | MuniFund Term Preferred Shares, 2.15% Series 2015 (NVY.PRC)
Prospectus excerpt: Nuveen Pennsylvania Dividend Advantage Municipal Fund 2 is offering 2,370,000 MuniFund Term Preferred Shares, 2.15% 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 », NVY Page »
| Series: | 2015 | | Alternate symbology: | NVY-C, NVY-PC, NVYprC | | Redeemable?: | Yes | | Call Date: | 11/1/2011 (Now Trading Post Call Date) | | Maturity Date: | 11/1/2015 | | Cumulative?: | Yes | | Shares Offered: | 2,370,000 | | Overallotment: | 355,500 | | Liquidation Preference: | $10 | | Original Coupon: | 2.15% | | Pay Period: | Monthly | | CDx3 Compliance Rating: |
Learn NVY.PRC's Rating
|
|
|
Nuveen Pennsylvania Dividend Advantage Municipal Fund 2 is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt fromboth regular federal and Pennsylvania income tax by investing primarily in a diversified portfolio of municipal obligations issued by state and local government authorities within a single state. As of Apr 30 2013, the Fund's total assets were $87,450,793 and investment portfolio totaled $84,463,276. Preferred: NQP.PRD
Open the NVY Information Page »
|
|
|
|
|
Free Email Alerts:
