Nuveen Maryland Quality Municipal Income Fund | 2.65% MTP Pfd 3/1/2015 (NMY.PRG)
This preferred is marked as having been called.
Prospectus excerpt: Nuveen Maryland Dividend Advantage Municipal Fund 3 is offering 1,800,000 MuniFund Term Preferred Shares, 2.65% Series 2015 (“Series 2015 MTP Shares”), with a liquidation preference of $10 per share (“MTP Shares”). 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 (“MuniPreferred™ shares”), 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 “Prospectus Summary—The Offering.”
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