Preferred Stock Channel
MuniFund Term Preferred Shares, 2.35% Series 2015 (NXI.PRC)

Prospectus excerpt:  Nuveen Ohio Dividend Advantage Municipal Fund is offering 1,800,000 MuniFund Term Preferred Shares, 2.35% 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 a portion 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

The Fund is a diversified, closed-end management investment company. The Fund?s investment objectives are to provide current income exempt from regular federal and Ohio income tax and to enhance portfolio value relative to the municipal bond market by investing in tax-exempt municipal bonds that the Fund?s investment adviser believes are underrated or undervalued or that represent municipal market sectors that are undervalued.

Full Prospectus PDF », Secondary Prospectus PDF »

Alternate symbology:NXI-C, NXI-PC, NXIprC
Redeemable?:Yes
Call Date:12/1/2011 (Now Trading Post Call Date)
Maturity Date:12/1/2015
Cumulative?:Yes
Shares Offered:1,800,000
Overallotment:200,000
Liquidation Preference:$10.00
Original Coupon:2.35%
Pay Period:Monthly
CDx3 Compliance Rating: Learn NXI.PRC's Rating

Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game
Quotes delayed 20 minutes

Email EnvelopeFree Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts

MuniFund Term Preferred Shares, 2.35% Series 2015 (NXI.PRC) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com | Copyright © 2011 - 2024, All Rights Reserved

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.