Securities and Exchange Commission
Washington, DC 20549
Rule 23c-2 Notice of Intention to
Redeem Securities
of
Nuveen Dividend Advantage Municipal Income Fund
333 West Wacker Drive
Chicago, Illinois 60606
under the
Investment Company Act of 1940
Investment Company Act File No. 811-09475
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 Dividend Advantage Municipal Income Fund (the Fund) to be redeemed: |
Series 1 Variable Rate Demand Preferred Shares, Liquidation Preference $100,000 per share, (CUSIP #67071L 700) (the VRDP Shares)
(2) | Date on which the securities are expected to be called or redeemed: |
VRDP Shares
Series |
Date | |
Series 1 |
October 21, 2014 |
The redemption of these securities is subject to the Funds completion of a tender offer for a portion of its outstanding common shares. The redemption may be effected on a subsequent date, due to a delay in, or extension of, the completion of the Funds tender offer 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 VRDP Shares are to be redeemed pursuant to Section 2.4(c) of the Notice of Special Rate Period (Designating the Initial Rate Period as a Special Rate Period for Series 1 Variable Rate Demand Preferred Shares) established pursuant to the Statement Establishing and Fixing the Rights and Preferences of Series 1 Variable Rate Demand Preferred Shares.
(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, by lot (as determined by The Depository Trust Company), up to the number of outstanding VRDP Shares, as set forth below:
VRDP Shares
Series |
Number of Shares | |
Series 1 |
350* |
* The Fund may redeem up to the amount of VRDP Shares listed above, but will likely redeem less. The final amount of VRDP Shares to be redeemed will be determined upon the completion of final tabulation of the results of the Funds tender offer. A notice providing the final amount of VRDP Shares to be redeemed by the Fund will be provided to VRDP shareholders in accordance with the Notice of Special Rate Period established pursuant to the Statement Establishing and Fixing the Rights and Preferences of Series I Variable Rate Demand Preferred Shares.
[Remainder of Page Left Blank]
- 2 -
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 19th day of September, 2014.
NUVEEN DIVIDEND ADVANTAGE MUNICIPAL INCOME FUND | ||
By: | /s/ Mark. L. Winget | |
Name: | Mark L. Winget | |
Title: | Assistant Vice President and Assistant Secretary |
- 3 -