Filed by Nuveen Georgia Dividend
Advantage Municipal
Fund 2
pursuant to Rule 425 of the Securities Act of 1933, as amended
and deemed filed pursuant to Rule 14a-12
under the Securities and Exchange Act of 1934, as amended
Subject Company: Nuveen Georgia Dividend
Advantage Municipal
Fund
Commission File No. 811-10351
Frequently Asked Questions
Connecticut/Georgia/North Carolina State Municipal Fund Mergers
What actions did the Nuveen Closed-End Fund Board of Trustees approve?
The Fund Board approved proposals to recommend a series of mergers of single-state Nuveen municipal
closed-end funds. The specific merger proposals are listed below:
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Acquired Fund |
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Symbol |
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Acquiring Fund |
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Symbol |
Nuveen Connecticut Dividend Advantage Municipal Fund
Nuveen Connecticut Dividend Advantage Municipal Fund 2
Nuveen Connecticut Dividend Advantage Municipal Fund 3
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NFC
NGK
NGO
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Nuveen Connecticut Premium Income Municipal Fund
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NTC |
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Nuveen Georgia Premium Income Municipal Fund
Nuveen Georgia Dividend Advantage Municipal Fund
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NPG
NZX
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Nuveen Georgia Dividend Advantage Municipal Fund 2
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NKG |
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Nuveen North Carolina Dividend Advantage Municipal Fund
Nuveen North Carolina Dividend Advantage Municipal Fund 2
Nuveen North Carolina Dividend Advantage Municipal Fund 3
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NRB
NNO
NII
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Nuveen North Carolina Premium Income Municipal Fund
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NNC |
Why has the Nuveen Closed-End Fund Board of Trustees recommended these proposals?
The acquiring and acquired funds have substantially similar investment portfolios as well as
investment objectives and policies. The proposed mergers are intended to enhance the Funds
trading appeal and lower operating expenses by creating a single, larger fund in each state. In
approving the proposed mergers, the Fund Board concluded that the proposed mergers would be in the
best interests of each Fund and its shareholders.
What are the proposed mergers potential benefits to me as a Fund common shareholder?
The proposed mergers will create a single, larger fund in each state. This is expected to offer
the following benefits to fund shareholders:
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1. |
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Lower fund expense ratio as fixed costs are spread over a larger asset
base; |
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2. |
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Enhanced secondary market trading because a larger fund is expected to
make it easier for investors to buy and sell fund shares; |
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3. |
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Lower trading costs through reduced bid/ask spreads due to
a larger common share float; |
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Increased fund flexibility in managing the structure and cost of its
leverage over time. |
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NWQ
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nuveen
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Santa Barbara
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s y m p h o n y
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Tradewinds
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Winslow Capital |
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asset management |
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1
from NUVEEN INVESTMENTS
How will MuniFund Term Preferred (MTP) shareholders be impacted by the mergers?
Upon the closing of each reorganization, acquired fund MTP shareholders will receive in exchange
for each of their Fund shares one share of newly issued MTP from the acquiring fund with the
substantially the same terms and par value as the shares exchanged. Both acquiring and acquired
fund MTP shareholders are expected to benefit from the larger fund size and increased level of
diversification.
Will Nuveen merge other state closed-end funds ?
The Nuveen Closed-End Fund Board of Trustees regularly considers various actions that may be taken
to enhance the secondary market for a funds common shares. This may include, but is not limited
to, the consideration of potential fund mergers
What actions do I need to take at this time?
You do not need to do anything at this time. More information on the proposed mergers will be
contained in the proxy materials expected to be filed in the coming weeks.
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FORWARD LOOKING STATEMENTS
Certain statements made in this release are forward-looking statements. Actual future results or
occurrences may differ significantly from those anticipated in any forward-looking statements due
to numerous factors. These include, but are not limited to:
o market developments;
o legal and regulatory developments; and
o other additional risks and uncertainties.
Nuveen and the closed-end funds managed by Nuveen and its affiliates undertake no responsibility to
update publicly or revise any forward-looking statements.
The Annual and Semi-Annual Reports and other regulatory filings of the Nuveen closed-end funds with
the Securities and Exchange Commission (SEC) are accessible on the SECs web site at www.sec.gov
and on Nuveen`s web site at www.nuveen.com and may discuss the above-mentioned or other factors
that affect the Nuveen closed-end funds. The information contained on our web site is not a part
of this press release.
Nothing contained in this press release shall constitute an offer for sale of any securities. A
joint Proxy Statement/Prospectus relating to each proposed reorganization will be filed with the
SEC in the coming weeks and will contain important information relating the reorganization.
Shareholders are urged to read each such joint Proxy Statement/Prospectus carefully. After they
are filed, free copies of the Proxy Statement/Prospectuses will be available on the SECs web site
at www.sec.gov.
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NWQ
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nuveen
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Santa Barbara
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s y m p h o n y
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Tradewinds
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Winslow Capital |
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asset management |
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