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

  • Regular Monthly Tax-Exempt and Taxable Fund Distributions
  • Three Funds Declare Monthly Cash-Flow Based Distributions
  • Eight Funds Declare Regular Quarterly 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. Closed-end fund historical distribution sources have included net investment income, realized gains and return of capital. 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, 2018 Ex-Dividend Date March 14, 2018 Payable Date April 2, 2018  

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

Ticker

Exchange

Fund Name

Amount

    Previous Month

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. $.0310 - NUW NYSE Nuveen AMT-Free Municipal Value Fund $.0600 - NMI NYSE Nuveen Municipal Income Fund, Inc. $.0390 - NIM NYSE Nuveen Select Maturities Municipal Fund $.0260 - NZF NYSE Nuveen Municipal Credit Income Fund $.0700 - NVG NYSE Nuveen AMT-Free Municipal Credit Income Fund $.0725 - NMZ NYSE Nuveen Municipal High Income Opportunity Fund $.0600 -$.0050 NEV NYSE Nuveen Enhanced Municipal Value Fund $.0650 - NID NYSE Nuveen Intermediate Duration Municipal Term Fund $.0470 -$.0030 NIQ NYSE Nuveen Intermediate Duration Quality Municipal Term Fund $.0345 -$.0025 NHA NYSE Nuveen Municipal 2021 Target Term Fund $.0165 -$.0010 NEA NYSE Nuveen AMT-Free Quality Municipal Income Fund $.0580 - NAD NYSE Nuveen Quality Municipal Income Fund $.0575 -

California

NAC NYSE Nuveen California Quality Municipal Income Fund $.0585 - NKX NYSE Nuveen California AMT-Free Quality Municipal Income Fund $.0560 -$.0060 NCA NYSE Nuveen California Municipal Value Fund, Inc. $.0285 -$.0015 NXC NYSE Nuveen California Select Tax-Free Income Portfolio $.0440 -$.0025 NCB NYSE Nuveen California Municipal Value Fund 2 $.0540 -

New York

NRK NYSE Nuveen New York AMT-Free Quality Municipal Income Fund $.0450 -$.0025 NAN NYSE Nuveen New York Quality Municipal Income Fund $.0480 -$.0055 NXN NYSE Nuveen New York Select Tax-Free Income Portfolio $.0420 - NNY NYSE Nuveen New York Municipal Value Fund, Inc. $.0300 - NYV NYSE Nuveen New York Municipal Value Fund 2 $.0425 -

Other State Funds

NAZ NYSE Nuveen Arizona Quality Municipal Income Fund $.0440 -$.0055 NTC NYSE Nuveen Connecticut Quality Municipal Income Fund $.0410 - NKG NYSE Nuveen Georgia Quality Municipal Income Fund $.0380 -$.0025 NMT NYSE Nuveen Massachusetts Quality Municipal Income Fund $.0500 - NMY NYSE Nuveen Maryland Quality Municipal Income Fund $.0475 - NUM NYSE Nuveen Michigan Quality Municipal Income Fund $.0445 -$.0035 NMS NYSE Nuveen Minnesota Quality Municipal Income Fund $.0600 - NOM NYSE Nuveen Missouri Quality Municipal Income Fund $.0465 -$.0065 NNC NYSE Nuveen North Carolina Quality Municipal Income Fund $.0390 -$.0050 NXJ NYSE Nuveen New Jersey Quality Municipal Income Fund $.0580 - NJV NYSE Nuveen New Jersey Municipal Value Fund $.0475 - NUO NYSE Nuveen Ohio Quality Municipal Income Fund $.0485 -$.0035 NQP NYSE Nuveen Pennsylvania Quality Municipal Income Fund $.0535 - NPN NYSE Nuveen Pennsylvania Municipal Value Fund $.0430 -$.0025 NTX NYSE Nuveen Texas Quality Municipal Income Fund $.0485 -$.0045 NPV NYSE Nuveen Virginia Quality Municipal Income Fund $.0460 -  

Monthly Taxable Distributions

            Monthly Distribution Per Share     Change From

Ticker

Exchange

Fund Name

Amount     Previous Month

Preferred and Income Securities

JPC NYSE Nuveen Preferred & Income Opportunities Fund $.0650 - JPI NYSE Nuveen Preferred and Income Term Fund $.1415 - JPS NYSE Nuveen Preferred & Income Securities Fund $.0620 - JPT NYSE Nuveen Preferred and Income 2022 Term Fund $.1275 -

Senior Loans

NSL NYSE Nuveen Senior Income Fund $.0370 -$.0025 JFR NYSE Nuveen Floating Rate Income Fund $.0620 -$.0055 JRO NYSE Nuveen Floating Rate Income Opportunity Fund $.0620 -$.0085 JSD NYSE Nuveen Short Duration Credit Opportunities Fund $.1060 - JQC NYSE Nuveen Credit Strategies Income Fund $.0410 -$.0065 Mortgage-Backed Securities JMM NYSE Nuveen Multi-Market Income Fund $.0300 -$.0030

Taxable Municipals

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

Emerging Markets Debt

JEMD NYSE Nuveen Emerging Markets Debt 2022 Target Term Fund $.0435 -

Global High Yield Debt

JGH NYSE Nuveen Global High Income Fund $.1200 -

Corporate High Yield Debt

JHY NYSE Nuveen High Income 2020 Target Term Fund $.0440 -$.0030 JHA NYSE Nuveen High Income December 2018 Target Term Fund $.0300 -$.0025 JHD NYSE Nuveen High Income December 2019 Target Term Fund $.0375 -$.0040 JHB NYSE Nuveen High Income November 2021 Target Term Fund $.0465 -$.0035 JCO NYSE Nuveen Credit Opportunities 2022 Target Term Fund $.0470 -  

Monthly Cash-Flow Based Distributions

Each of the three taxable funds listed immediately below have adopted a cash-flow based distribution program. Historical distribution sources have included 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.

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, 2018 Ex-Dividend Date March 14, 2018 Payable Date April 2, 2018               Monthly Distribution Per Share     Change From

Ticker

Exchange

Fund Name

Amount     Previous Month

Mortgage-Backed Securities

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

Real Assets

JRI NYSE Nuveen Real Asset Income and Growth Fund $.1060 -

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, historical distribution sources have included 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 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, 2018 Ex-Dividend Date March 14, 2018 Payable Date April 2, 2018               Quarterly Distribution Per Share     Change From

Ticker

Exchange

Fund Name

Amount     Previous Quarter

Hybrid Equity

  JTA NYSE Nuveen Tax-Advantaged Total Return Strategy Fund $0.27 $0.02 JTD NYSE Nuveen Tax-Advantaged Dividend Growth Fund $0.34 $0.03

Domestic Equity

JCE NYSE Nuveen Core Equity Alpha Fund $0.28 -

Covered Call

DIAX NYSE Nuveen Dow 30SM Dynamic Overwrite Fund $0.31 $0.04 BXMX NYSE Nuveen S&P 500 Buy-Write Income Fund $0.25 $0.02 QQQX NASDAQ Nuveen NASDAQ 100 Dynamic Overwrite Fund $0.42 $0.05 SPXX NYSE Nuveen S&P 500 Dynamic Overwrite Fund $0.28 $0.03

Multi-Strategy

JDD NYSE Nuveen Diversified Dividend and Income Fund $0.27 -  

About Nuveen

Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $970 billion in assets under management as of 12/31/17 and operations in 16 countries. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com.

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

Nuveen Securities, LLC, member FINRA and SIPC.

* 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.

438668-INV-O-03/20

NuveenKristyna Munoz, 254-644-1615Kristyna.munoz@nuveen.com

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