SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
Notice of Intention To Redeem Securities Pursuant to Rule 23c-2
Under the Investment Company Act of 1940
of
Investment Grade Municipal Income Fund Inc.
(Name of Registrant)
1285 Avenue of the Americas, New York, NY 10019-6028
(Address of Principal Executive Offices)
Investment Company Act file number: 811-07096
The undersigned registered closed-end investment company hereby notifies the Securities and
Exchange Commission (the “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.
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Title of the class of securities to be redeemed: |
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Auction Preferred Shares, Series A, in $50,000 denominations (the “Series A Shares”)
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Auction Preferred Shares, Series B, in $50,000 denominations (the “Series B Shares”)
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Auction Preferred Shares, Series C, in $50,000 denominations (the “Series C Shares”)
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(Series A Shares, Series B Shares and Series C Shares are collectively referred to as the “APS”) |
| (2) |
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Date on which the securities may be called or redeemed: |
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Series A Shares: April 16, 2010 |
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Series B Shares: April 19, 2010 |
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Series C Shares: April 20, 2010 |
| (3) |
Applicable provisions of the governing instrument pursuant to which the securities are to be redeemed: |
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The APS will be redeemed in accordance with Section 3 of the Articles Supplementary of
Investment Grade Municipal Income Fund Inc. |
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| (4) |
The principal amount or number of shares and the basis upon which the securities to be redeemed
are to be selected: |
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The number of shares of the APS referenced above represents all of the outstanding APS. |
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Pursuant to the requirements of Rule 23c-2, Investment Grade Municipal Income Fund Inc. has
duly caused this Notice of Redemption of Securities pursuant to Rule 23c-2 under the Investment Company
Act of 1940 to be signed on its behalf by the undersigned thereto duly authorized in the State of Arizona
on this 16th day of March, 2010.
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Investment Grade Municipal Income Fund Inc. |
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By:
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/s/ Keith
A. Weller |
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Name: Keith
A. Weller |
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Title: Vice
President and Assistant Secretary |