Nuveen Closed-End Funds Declare Monthly Distributions
June 02 2014 - 4:36PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced that 73 Nuveen closed-end funds declared regular monthly
distributions. These funds represent a broad range of tax-exempt,
taxable fixed and floating rate income investment strategies for
investors seeking to build sophisticated and diversified long-term
investment portfolios for cash flow. The funds’ monthly
distributions are listed below.
The following dates apply to today's distribution
declarations for the following Closed-End Funds:
Record Date June 13, 2014
Ex-Dividend Date June 11, 2014 Payable Date
July 1, 2014 Reinvest Date July 1, 2014
Monthly Tax-Free Distribution Per
Share Change From Amount
Previous Month
Ticker
Fund
Name
NXP Select Portfolio $.0525 - NXQ Select Portfolio 2 $.0525 - NXR
Select Portfolio 3 $.0525 - NUV Municipal Value $.0360 - NUW
Municipal Value 2 $.0670 - NMI Municipal Income $.0450 - NIM Select
Maturities $.0285 -
Leveraged
Funds
National
NPI Premium Income $.0720 - NPP Performance Plus $.0770 - NMA
Advantage $.0670 - NMO Market Opportunity $.0670 - NQM Investment
Quality $.0800 - NQI Quality Municipal $.0550 (.0070) NQS Select
Quality $.0665 - NQU Quality Income $.0685 - NIO Municipal
Opportunity $.0730 - NPF Premier $.0720 - NPM Premium Income 2
$.0720 - NPT Premium Income 4 $.0680 - NAD Dividend Advantage
$.0740 - NEA AMT-Free Municipal Income $.0685 - NXZ Dividend
Advantage 2 $.0695 - NZF Dividend Advantage 3 $.0595 - NVG Dividend
Advantage Municipal $.0580 - NMZ High Income Opportunity Fund
$.0760 - NEV Enhanced Municipal Value Fund $.0800 - NID Int.
Duration Municipal Term Fund $.0570 - NIQ Int. Duration Quality
Municipal Term Fund $.0495 -
California
NCA CA Municipal Value $.0390 - NVX Dividend Advantage 2 $.0700
(.0050) NZH Dividend Advantage 3 $.0670 - NXC CA Select Portfolio
$.0570 - NCB CA Municipal Value 2 $.0650 -
New
York
NRK AMT-Free Municipal Income $.0690 - NNP Performance Plus $.0710
- NAN Dividend Advantage $.0630 - NXK Dividend Advantage 2 $.0550 -
NXN NY Select Portfolio $.0495 - NNY NY Municipal Value $.0325 -
NYV NY Municipal Value 2 $.0545 -
Other State
Funds
NAZ AZ Premium Income $.0655 - NTC CT Premium Income $.0570 - NKG
GA Dividend Advantage 2 $.0535 - NMY MD Premium Income $.0555 - NUM
MI Quality Income $.0740 - NOM MO Premium Income $.0610 - NNC NC
Premium Income $.0530 .0027 NQJ NJ Investment Quality $.0670 - NNJ
NJ Premium Income $.0710 - NXJ NJ Dividend Advantage $.0605 - NUJ
NJ Dividend Advantage 2 $.0575 - NJV NJ Municipal Value $.0520 -
NUO OH Quality Income $.0800 - NQP PA Investment Quality $.0730 -
NPN PA Municipal Value $.0530 - NTX TX Quality Income $.0580 - NPV
VA Premium Income $.0615 -
Monthly Taxable
Distribution Per Share
Closed-End
Funds:
Change From
Ticker
Taxable
Funds
Amount Previous Quarter
Preferred
Securities
JTP Quality Preferred Income Fund $.0520 - JPS Quality Preferred
Income Fund 2 $.0550 - JHP Quality Preferred Income Fund 3 $.0520 -
JPC Preferred Income Opportunities Fund $.0633 - JPI Preferred and
Income Term Fund $.1580 - JPW Nuveen Flexible Investment Income
Fund $.1260 -
Floating Rate:
Corporate Loans
NSL Senior Income Fund $.0350 (.0010) JFR Floating Rate Income Fund
$.0600 (.0015) JRO Floating Rate Income Opportunity Fund $.0630
(.0015) JSD Short Duration Credit Opportunities Fund $.0970 (.0170)
JQC Credit Strategies Income Fund $.0435 (.0090)
Mortgage-Backed
Securities
JLS Mortgage Opportunity Term Fund $.1265 - JMT Mortgage
Opportunity Term Fund 2 $.1275 -
Taxable
Municipal
NBB Build America Bond Fund $.1160 - NBD Build America Bond
Opportunity Fund $.1140 -
Real
Assets
JRI Real Asset Income and Growth $.1345 -
The following dates apply to today's distribution
declarations for the following MTP Shares:
Record Date June 13, 2014
Ex-Dividend Date June 11, 2014 Payable Date
July 1, 2014
Ticker
MuniFund Term
Preferred
Monthly Tax-Free Distribution
Per Share
NMT PrC Nuveen Massachusetts Premium Income Municipal Fund MTP
.022083 NMT PrD Nuveen Massachusetts Premium Income Municipal Fund
MTP .022917 NOM PrC Nuveen Missouri Premium Income Municipal Fund
MTP .017500 NTX PrC Nuveen Texas Quality Income Municipal Fund MTP
.019167 NUJ PrC Nuveen New Jersey Dividend Advantage Municipal Fund
2 MTP .016667
Monthly distributions from Nuveen's municipal closed-end funds
and portfolios are generally exempt from regular Federal income
taxes, and monthly distributions of single-state municipal funds
and portfolios are also exempt from state and, in some cases, local
income taxes for in-state residents. Unless otherwise stated in the
funds' objectives, monthly distributions of the municipal funds and
portfolios may be subject to the Federal Alternative Minimum Tax
for some shareholders.*
All of Nuveen’s closed-end funds seek to pay stable
distributions at rates that reflect each fund’s past results and
projected future performance. During certain periods, each fund may
pay distributions at a rate that may be more or less than the
amount of net investment income actually earned by the fund during
the period. If a fund cumulatively earned more than it has paid in
distributions, it holds the excess in reserve as undistributed net
investment income (UNII) as part of the fund’s net asset value
(NAV). Conversely, if a fund has cumulatively paid distributions in
excess of its earnings, the excess constitutes negative UNII that
is likewise reflected in the fund’s NAV. Each fund will, over time,
pay all of its net investment income as distributions to
shareholders. The funds’ positive or negative UNII balances are
disclosed from time to time in their periodic shareholder reports,
and are also on www.nuveen.com/cef.
In addition, distributions for certain funds investing in real
estate investment trusts (REITs) may later be characterized as
capital gains and/or a return of capital, depending on the
character of the dividends reported to each fund after year-end by
REIT securities held by each fund. The Nuveen preferred securities
funds, JTP, JPS and JHP may invest in REITs; a list of funds that
are likely to be affected by re-characterization is posted to
www.nuveen.com each January, and updated tax characteristics are
posted to the web site and mailed to shareholders via form 1099-DIV
during the first quarter of the year.
Nuveen Investments provides high-quality investment services
designed to help secure the long-term goals of institutional and
individual investors as well as the consultants and financial
advisors who serve them. Nuveen Investments markets a wide range of
specialized investment solutions which provide investors access to
capabilities of its high-quality boutique investment
affiliates—Nuveen Asset Management, LLC, Symphony Asset Management
LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset
Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital
Management, LLC and Gresham Investment Management LLC, all of which
are registered investment advisers and subsidiaries of Nuveen
Investments, Inc. Funds distributed by Nuveen Securities, LLC, a
subsidiary of Nuveen Investments, Inc. In total, Nuveen Investments
managed approximately $225 billion as of March 31, 2014. For more
information, please visit the Nuveen Investments website at
www.nuveen.com.
*Nuveen does not provide tax advice; consult a professional tax
advisor regarding your specific tax situation.
Nuveen InvestmentsMedia Contact:Kathleen Cardoza, (312)
917-7813kathleen.cardoza@nuveen.com
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