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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