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Nuveen Maryland Quality Municipal Income Fund | MuniFund Term Preferred Shares, 2.90% Series 2016 (NMY.PRD)
This preferred is marked as having been called.
Prospectus excerpt: Nuveen Maryland Premium Income Municipal Fund is offering 3,381,800 MuniFund Term Preferred Shares, 2.90% Series 2016 (ÙSeries 2016 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 », NMY Page »
Series: | 2016 | Alternate symbology: | NMY-D, NMY-PD, NMYprD | Redeemable?: | Yes | Call Date: | 4/1/2012 (Now Trading Post Call Date) | Maturity Date: | 4/1/2016 | Cumulative?: | Yes | Shares Offered: | 3,381,800 | Overallotment: | 507,270 | Liquidation Preference: | $10.00 | Original Coupon: | 2.90% | Pay Period: | Monthly | CDx3 Compliance Rating: |
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Nuveen Maryland Quality Municipal Income Fund is a closed-end management investment company. The Fund's investment objective is 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. Under normal market conditions, the Fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in municipal bonds that pay interest that is exempt from regular federal personal income tax and a single state's personal income tax. Preferreds: NMY.PRC, NMY.PRG, NMY.PRF, NMY.PRE, NMY.PRH, NMY.PRD Open the NMY Information Page »
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