Those with little interest in the developments in the closed-end community may want to skip Thursday's
Wall Street Journal Fund Track column
. The article, penned by Diya Gullapalli and Shefali Anand, delves into Nuveen Investments'
Wednesday announcement that it is seeking to restructure the leverage of 100 closed-end funds that have issued auction-rate preferred stock. The Chicago firm has arranged a new debt financing to refinance a substantial portion of $4.3 billion of ARPS issued by its funds. The article also looks at the impact of the closed-end woes on Nuveen's owner, private equity firm Madison Dearborn Partners
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