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.