Distributions Highlight Nuveen’s Broad Range of Strategies for Income-Seeking Investors

  • Regular Monthly Tax-Exempt and Taxable Fund Distributions
  • Five Funds Declare Monthly Cash-Flow Based Distributions
  • Eight Funds Declare Regular Quarterly Fund Distributions

Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions including earnings, undistributed net investment income, and notices please visit http://www.nuveen.com/cef.

The following dates apply to today's monthly distribution declarations for the following tax-exempt and taxable closed-end funds:

Record Date       March 15, 2017 Ex-Dividend Date March 13, 2017 Payable Date April 3, 2017  

Monthly Tax-Exempt Municipal Distributions

Monthly distributions from Nuveen's municipal bond closed-end funds are generally exempt from regular Federal income taxes, and monthly distributions of single-state municipal funds are also generally 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 may be subject to the Federal Alternative Minimum Tax for some shareholders.*

      Monthly Tax-Free Distribution Per Share   Change From Amount   Previous Month

Ticker

Exchange

Fund Name

National

NXP NYSE Nuveen Select Tax-Free Income Portfolio $.0455 - NXQ NYSE Nuveen Select Tax-Free Income Portfolio 2 $.0420 - NXR NYSE Nuveen Select Tax-Free Income Portfolio 3 $.0435 - NUV NYSE Nuveen Municipal Value Fund, Inc. $.0325 - NUW NYSE Nuveen AMT-Free Municipal Value Fund $.0600 - NMI NYSE Nuveen Municipal Income Fund, Inc. $.0405 - NIM NYSE Nuveen Select Maturities Municipal Fund $.0260 - NZF NYSE Nuveen Municipal Credit Income Fund $.0740 - NVG NYSE Nuveen AMT-Free Municipal Credit Income Fund $.0725 - NMZ NYSE Nuveen Municipal High Income Opportunity Fund $.0675 - NEV NYSE Nuveen Enhanced Municipal Value Fund $.0680 - NID NYSE Nuveen Intermediate Duration Municipal Term Fund $.0530 (.0020) NIQ NYSE Nuveen Intermediate Duration Quality Municipal Term Fund $.0415 - NHA NYSE Nuveen Municipal 2021 Target Term Fund $.0200 - NEA NYSE Nuveen AMT-Free Quality Municipal Income Fund $.0620 - NAD NYSE Nuveen Quality Municipal Income Fund $.0640 (.0040)  

California

NAC NYSE Nuveen California Quality Municipal Income Fund $.0685 - NKX NYSE Nuveen California AMT-Free Quality Municipal Income Fund $.0655 - NCA NYSE Nuveen California Municipal Value Fund, Inc. $.0340 - NXC NYSE Nuveen California Select Tax-Free Income Portfolio $.0495 - NCB NYSE Nuveen California Municipal Value Fund 2 $.0630 .0030  

New York

NRK NYSE Nuveen New York AMT-Free Quality Municipal Income Fund $.0535 - NAN NYSE Nuveen New York Quality Municipal Income Fund $.0595 - NXN NYSE Nuveen New York Select Tax-Free Income Portfolio $.0460 - NNY NYSE Nuveen New York Municipal Value Fund, Inc. $.0315 - NYV NYSE Nuveen New York Municipal Value Fund 2 $.0500 -  

Other State Funds

NAZ NYSE Nuveen Arizona Quality Municipal Income Fund $.0540 (.0030) NTC NYSE Nuveen Connecticut Quality Municipal Income Fund $.0485 (.0020) NKG NYSE Nuveen Georgia Quality Municipal Income Fund $.0470 (.0020) NMT NYSE Nuveen Massachusetts Quality Municipal Income Fund $.0545 (.0015) NMY NYSE Nuveen Maryland Quality Municipal Income Fund $.0525 - NUM NYSE Nuveen Michigan Quality Municipal Income Fund $.0535 (.0025) NMS NYSE Nuveen Minnesota Quality Municipal Income Fund $.0635 (.0030) NOM NYSE Nuveen Missouri Quality Municipal Income Fund $.0560 - NNC NYSE Nuveen North Carolina Quality Municipal Income Fund $.0440 (.0025) NXJ NYSE Nuveen New Jersey Quality Municipal Income Fund $.0580 (.0025) NJV NYSE MKT Nuveen New Jersey Municipal Value Fund $.0475 (.0015) NUO NYSE Nuveen Ohio Quality Municipal Income Fund $.0585 - NQP NYSE Nuveen Pennsylvania Quality Municipal Income Fund $.0585 - NPN NYSE MKT Nuveen Pennsylvania Municipal Value Fund $.0495 (.0025) NTX NYSE Nuveen Texas Quality Municipal Income Fund $.0530 (.0015) NPV NYSE Nuveen Virginia Quality Municipal Income Fund $.0460 (.0015)  

Monthly Taxable Distributions

      Monthly Taxable Distribution Per Share  

Change From

Ticker

Exchange

Fund Name

Amount

Previous Month

 

Preferred Securities

JPC NYSE Preferred Income Opportunities Fund $.0640 - JPI NYSE Preferred and Income Term Fund $.1505 - JPS NYSE Preferred Securities Income Fund $.0620 -

Floating Rate: Corporate Loans

NSL NYSE Senior Income Fund $.0395 - JFR NYSE Floating Rate Income Fund $.0675 - JRO NYSE Floating Rate Income Opportunity Fund $.0705 - JSD NYSE Short Duration Credit Opportunities Fund $.1060 - JQC NYSE Credit Strategies Income Fund $.0525 -  

Mortgage-Backed Securities

- JMM NYSE Multi-Market Income Fund $.0360 -  

Taxable Municipal

NBB NYSE Build America Bond Fund $.1030 - NBD NYSE Build America Bond Opportunity Fund $.0955 -  

Global Debt

JGH NYSE Global High Income Fund $.1200 -  

High Yield Debt

- JHY NYSE High Income 2020 Target Term Fund $.0555 - JHA NYSE High Income December 2018 Target Term Fund $.0450 - JHD NYSE High Income December 2019 Target Term Fund $.0505 - JHB NYSE High Income November 2021 Target Term Fund $.0500 -  

Monthly Cash-Flow-Based Distributions

Each of the five taxable funds listed immediately below have adopted a cash-flow based distribution program. Potential distribution sources include net investment income, realized gains and return of capital. If a distribution includes anything other than net investment income, the fund provides a notice of the best estimate of its distribution sources at the time of payment which may be viewed at: www.nuveen.com/CEFdistributions. These estimates may not match the final tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV forms after the end of the year.

Under a cash-flow based distribution approach, each fund seeks to maintain an attractive and stable regular distribution amount based on the fund’s net cash flow received from portfolio investments. Fund distributions are not intended to include expected portfolio appreciation; each fund may invest in securities which have cash flow that ultimately may be fully or partially treated as gains or return of capital for tax purposes. You should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate.

The following dates apply to today's monthly cash-flow based distribution declarations for the following closed-end funds:

  Record Date March 15, 2017 Ex-Dividend Date March 13, 2017 Payable Date April 3, 2017       Monthly Distribution Per Share   Change From

Ticker

Exchange

Fund Name

Amount   Previous Month

Preferred Securities

JPW NYSE Flexible Investment Income Fund $.1130 -  

Mortgage-Backed Securities

JLS NYSE Mortgage Opportunity Term Fund $.1135 - JMT NYSE Mortgage Opportunity Term Fund 2 $.1125 -  

Real Assets

JRI NYSE Real Asset Income and Growth $.1100 - DRA NYSE Diversified Real Asset Income Fund $.1110 -  

Quarterly Taxable Closed-End Fund Distributions

The goal of a fund’s managed distribution program is to provide shareholders relatively consistent and predictable cash flow by systematically converting its expected long-term return potential into regular distributions. As a result, potential distribution sources for regular distributions throughout the year include realized gains and return of capital, in addition to net investment income. If a distribution includes anything other than net investment income, the fund provides a notice of the best estimate of its distribution sources at that time which may be viewed at www.nuveen.com/CEFdistributions. These estimates may not match the final tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV forms after the end of the year.

Under a Managed Distribution policy, each of the eight funds listed immediately below seeks to maintain an attractive and stable regular distribution amount that, over the long term, matches the fund’s total distributions paid to its total return. You should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate. Actual returns likely will differ from projected long-term returns (and therefore a fund’s distribution rate), at least over shorter time periods. Over a specific timeframe, the difference between actual returns and total distributions will be reflected in an increasing (returns exceed distributions) or a decreasing (distributions exceed returns) fund net asset value.

  • A return of capital is a non-taxable distribution of a portion of the fund’s capital. When fund returns exceed distributions, return of capital may represent portfolio gains earned, but not realized as a taxable capital gain. In periods when fund returns fall short of distributions, it will represent a portion of your original principal unless the shortfall is offset during other time periods over the life of your investment (previous or subsequent) when the fund’s total return exceeds distributions.
  • For additional information about managed distributions, please see Understanding Managed Distributions.

The following dates apply to today's quarterly managed distribution declarations for the following closed-end funds:

Record Date     March 15, 2017 Ex-Dividend Date March 13, 2017 Payable Date April 3, 2017           Quarterly Distribution Per Share Change From

Ticker

Exchange

Closed-End Funds

Amount   Previous Quarter

Equity

JTA NYSE Tax-Advantaged Total Return Strategy Fund $.2480 - JTD NYSE Tax-Advantaged Dividend Growth Fund $.3100 - JCE NYSE Core Equity Alpha Fund $.2775 -  

Equity Option

DIAX NYSE Dow 30SM Dynamic Overwrite Fund $.2555 - BXMX NYSE S&P 500 Buy-Write Income Fund $.2285 - QQQX NASDAQ NASDAQ 100 Dynamic Overwrite Fund $.3500 - SPXX NYSE S&P 500 Dynamic Overwrite Fund $.2400 -  

Multi-Strategy

JDD NYSE Diversified Dividend and Income Fund $.2700 -  

Nuveen provides investment solutions designed to help secure the long-term goals of individual investors and the advisors who serve them. Through the investment expertise of leading asset managers across traditional and alternative asset classes, Nuveen is committed to delivering consultative guidance that aligns with client needs. Securities offered through Nuveen Securities, LLC, Member FINRA and SIPC. For more information, please visit the Nuveen website at www.nuveen.com.

The information contained on the Nuveen website is not a part of this press release.

* Nuveen does not provide tax advice; consult a professional tax advisor regarding your specific tax situation. Income may be subject to state and local taxes, as well as the federal alternative minimum tax.

23521-INV-AN-03/19

NuveenMedia Contact:Kathleen Cardoza312-917-7813kathleen.cardoza@nuveen.com

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