Karpus Investment Management’s Nuveen Pennsylvania Municipal Value Fund Common shares of beneficial interest NPN Stock Holding History

Karpus Investment Management’s Portfolio NPN Stock Details NPN Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-13,123	Closed	-$198K	–	206
2014 Q3	$198K	Sell	13,123 -2,856	-18%	-$43.3K	0.01%	174
2014 Q2	$244K	Sell	15,979 -1,768	-10%	-$25.9K	0.01%	166
2014 Q1	$256K	Hold	17,747	–	–	0.01%	178
2013 Q4	$242K	Buy	+17,747	New	+$237K	0.01%	189

Other funds holding NPN

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

PNC Financial Services Group Pittsburgh, Pennsylvania $202B AUM 37.79% 1-Year Est. Return

Karpus Investment Management's NPN Position: Q4 2014 in Review

Karpus Investment Management sold out of Nuveen Pennsylvania Municipal Value Fund Common shares of beneficial interest (NPN) in Q4 2014, closing a stake of 13,123 shares — an estimated $198K sold.

Karpus Investment Management first reported a position in NPN in Q4 2013 and held it in 4 quarters. The position peaked at $256K in Q1 2014. 6 funds tracked by Wall St. Rank hold NPN as of Q4 2014.

Karpus Investment Management reported no remaining Nuveen Pennsylvania Municipal Value Fund Common shares of beneficial interest position as of Q4 2014 after selling out during the quarter.
Karpus Investment Management sold 13,123 Nuveen Pennsylvania Municipal Value Fund Common shares of beneficial interest shares in Q4 2014, an estimated $198K.
Karpus Investment Management first reported a position in Nuveen Pennsylvania Municipal Value Fund Common shares of beneficial interest in Q4 2013 and held it in 4 quarters.
Karpus Investment Management's Nuveen Pennsylvania Municipal Value Fund Common shares of beneficial interest position peaked at $256K in Q1 2014.
6 funds tracked by Wall St. Rank held Nuveen Pennsylvania Municipal Value Fund Common shares of beneficial interest as of Q4 2014.

Based on Karpus Investment Management's 13F filing for Q4 2014, filed 13 Feb 2015.