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Novonix Ltd | MuniFund Term Preferred Shares, 2.05% Series 2015 (NVX.PRC)
This preferred is marked as having been called.
Prospectus excerpt: Nuveen California Dividend Advantage Municipal Fund 2 is offering 5,000,000 MuniFund Term Preferred Shares, 2.05% 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 Full Prospectus PDF », Secondary Prospectus PDF », NVX Page »
| Series: | 2015 | | Alternate symbology: | NVX-C, NVX-PC, NVXprC | | Redeemable?: | Yes | | Call Date: | 11/1/2011 (Now Trading Post Call Date) | | Maturity Date: | 11/1/2015 | | Cumulative?: | Yes | | Shares Offered: | 5,000,000 | | Overallotment: | 750,000 | | Liquidation Preference: | $10.00 | | Original Coupon: | 2.05% | | Pay Period: | Monthly | | CDx3 Compliance Rating: |
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Novonix is a battery technology and materials business that provides products and services to battery manufacturers, materials companies, automotive original equipment manufacturers and consumer electronics manufacturers. Co. has three operating segments being Graphite Exploration and Mining; Battery Technology; and Battery Materials. The Battery Technology segment develops battery cell testing equipment, performs consulting services and carries out research and development in battery development. The Battery Materials segment develops and manufactures battery anode materials. All activities relating to Co.'s Graphite Exploration and Mining segment are carried out in Australia. Preferreds: NVX.PRC, NVX.PRA
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