Securities and Exchange Commission
Washington, DC 20549
Rule 23c-2 Notice of Intention to
Redeem Securities
of
Nuveen Michigan Quality Income Municipal Fund
333 West Wacker Drive
Chicago, Illinois 60606
under the
Investment Company Act of 1940
Investment Company Act File No. 811-06383
The undersigned registered closed-end investment company hereby notifies the Securities and Exchange Commission that it intends to redeem securities of which it is the issuer, as set forth below in accordance with the requirements of Rule 23c-2 under the Investment Company Act of 1940 (the Act).
(1) | Title of the class of securities of Nuveen Michigan Quality Income Municipal Fund (the Fund) to be redeemed: |
MuniFund Term Preferred Shares, 2.30% Series 2015, Liquidation Preference $10.00 per share, (CUSIP #670979 608).
Variable Rate MuniFund Term Preferred Shares, Series 2014 #1, Liquidation Preference $100,000 per share (CUSIP #670979 509) (the Series 2014 #1 VMTP Shares).
(2) | Date on which the securities are expected to be called or redeemed: |
MuniFund Term Preferred Shares | ||
Series | Date | |
2.30% Series 2015 | December 20, 2013 | |
Series 2014 #1 VMTP Shares | ||
Series | Date | |
Series 2014 #1 | January 6, 2014 |
The redemption of these securities is subject to the consummation of the sale of certain newly issued series of preferred securities of the Fund, which may not occur. These redemptions may be effected on a subsequent date, due to market conditions or otherwise as determined by the Board of Trustees of the Fund.
(3) | Applicable provisions of the governing instrument pursuant to which the securities are to be redeemed: |
The MuniFund Term Preferred Shares are to be redeemed pursuant to Section 2.5(c)(i) of the Statement Establishing and Fixing the Rights and Preferences of MuniFund Term Preferred Shares of the Fund.
The Series 2014 #1 VMTP Shares are to be redeemed pursuant to Section 2.5(c)(i) of the Second Statement Establishing and Fixing the Rights and Preferences of Variable Rate MuniFund Term Preferred Shares of the Fund.
(4) | The number of shares to be redeemed and the basis upon which the shares to be redeemed are to be selected: |
The Fund intends to redeem all of the outstanding MuniFund Term Preferred Shares, as set forth below:
MuniFund Term Preferred Shares | ||
Series | Number of Shares | |
2.30% Series 2015 | 1,631,300 |
The Fund intends to redeem all of the outstanding Series 2014 #1 VMTP Shares, as set forth below:
Series 2014 #1 VMTP Shares | ||
Series | Number of Shares | |
Series 2014 #1 | 539 |
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SIGNATURE
Pursuant to the requirement of Rule 23c-2 under the Investment Company Act of 1940, the Fund has duly caused this Notice of Intention to Redeem Securities to be signed on its behalf by the undersigned on this 20th day of November, 2013.
NUVEEN MICHIGAN QUALITY INCOME MUNICIPAL FUND | ||
By: | /s/ Mark L. Winget | |
Name: | Mark L. Winget | |
Title: | Assistant Vice President and Assistant Secretary |
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