Amex: DMF) announced today that the Fund intends to offer Auction Preferred Stock
NYSE: PIF) (the "Fund") announced that an insufficient number of holders of the Fund's common and auction preferred stock
were present, in person or by proxy, at its 2008 Annual Meeting of Shareholders (the "Annual Meeting") to constitute a quorum for the conduct of business at the meeting.
NEW YORK -- UBS (NYSE: UBS) today announced it is actively developing a structure that would offer to purchase any and all auction preferred stock
issued by registered closed-end tax-exempt funds and held by eligible UBS advisory and brokerage clients in their UBS accounts.
65 per unit) on the Company's Auction Preferred Stock
, Series A, payable December 3, 1997.
Leverage creates risks for each Fund's Common Stock shareholders, including the likelihood of greater volatility of the Fund's net asset value and the market price of its shares, and the risk that fluctuations in interest rates on borrowings or in the dividend rates on any outstanding auction preferred stock
may affect the return to Common Stock shareholders.
81 per unit) is hereby declared on the Company's Auction Preferred Stock
, Series A, payable September 19, 1996.
The level of dividend reduction principally is due to increased borrowing costs on the Fund's auction preferred stock
and lower interest rates being realized on securities purchased with the income and principal proceeds from portfolio securities that have matured, been called or been sold.
61 per unit) on its Auction Preferred Stock
Series A for payment on June 13, 1996.
NYSE: DNP) will redeem all 3,992 outstanding shares of its Auction Preferred Stock
, Series TH, liquidation preference $25,000 per share (CUSIP: 23325P856) on December 21, 2012 and will redeem all 3,959 outstanding shares of its Auction Preferred Stock
, Series F, liquidation preference $25,000 per share (CUSIP: 23325P872) on December 24, 2012.
Depending on the investment banking firm that underwrites the issue, DARPS is also referred to as short-term auction rate stock (STARS), dutch auction rate transferrable securities (DARTS), market auction preferred stock
(MAPS) or auction market preferred stock (AMPS).
NEW YORK -- Effective January 1, 2013, the Fund will use the S&P Municipal Bond 7 Day High Grade Rate Index in determining the Maximum Applicable Rate for each of its Series M, Series T, Series W, Series TH and Series F Auction Preferred Stock