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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
CITIGROUP INC 388 GREENWICH STREET NEW YORK, NY 10013 |
X |
Citigroup Inc., By: /s/ Ronny Ostrow, Assistant Secretary | 06/03/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | On June 1, 2016 NZF (the "Fund") issued 810 Variable Rate MuniFund Term Preferred Shares Series 2019 ("Series 2019 VMTP Shares") to Citibank, N.A. in exchange for 810 of the Fund's Variable Rate MuniFund Term Preferred Shares Series 2017 ("Series 2017 VMTP Shares") held by Citibank, N.A. which represent all of the Fund's outstanding Series 2017 VMTP Shares (the "Exchange"). |
(2) | These Shares are beneficially owned by Citibank, N.A. ("Citibank"). Citicorp is the sole stockholder of Citibank. Citigroup Inc. is the sole stockholder of Citicorp. |
(3) | In addition to the 810 Series 2019 VMTP Shares that were issued to Citibank N.A. in the Exchange, the Fund also issued 2,550 Series 2019 VMTP Shares to Citibank, N.A. for cash (the "Sale") giving Citi a total of 3,360 Series 2019 VMTP shares with a liquidation preference of $100,000 per share. |