Distributions Highlight Nuveen’s Broad Range of Strategies for
Income-Seeking Investors
- Regular Monthly Tax-Exempt and Taxable
Fund Distributions
- JQC Declares Monthly Capital Return
Plan Distribution
- Three Funds Declare Monthly Cash-Flow
Based Distributions
- Three 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. 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 June 14, 2019 Ex-Dividend Date
June 13, 2019 Payable Date July 1, 2019
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 $.0560 - NMI NYSE Nuveen Municipal Income
Fund, Inc. $.0360 - NIM NYSE Nuveen Select Maturities Municipal
Fund $.0265 - NZF NYSE Nuveen Municipal Credit Income Fund $.0660 -
NVG NYSE Nuveen AMT-Free Municipal Credit Income Fund $.0655 - NMZ
NYSE Nuveen Municipal High Income Opportunity Fund $.0595 - NEV
NYSE Nuveen Enhanced Municipal Value Fund $.0565 - NID NYSE Nuveen
Intermediate Duration Municipal Term Fund $.0425 - NIQ NYSE Nuveen
Intermediate Duration Quality Municipal Term Fund $.0315 - NHA NYSE
Nuveen Municipal 2021 Target Term Fund $.0150 - NEA NYSE Nuveen
AMT-Free Quality Municipal Income Fund $.0535 - NAD NYSE Nuveen
Quality Municipal Income Fund $.0535 -
California NAC NYSE Nuveen California Quality
Municipal Income Fund $.0555 - NKX NYSE Nuveen California AMT-Free
Quality Municipal Income Fund $.0515 - NCA NYSE Nuveen California
Municipal Value Fund, Inc. $.0285 - NXC NYSE Nuveen California
Select Tax-Free Income Portfolio $.0437 $.0027 NCB NYSE Nuveen
California Municipal Value Fund 2 $.0470 -$.0070
New
York NRK NYSE Nuveen New York AMT-Free Quality Municipal
Income Fund $.0450 - NAN NYSE Nuveen New York Quality Municipal
Income Fund $.0480 - NXN NYSE Nuveen New York Select Tax-Free
Income Portfolio $.0395 - 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 $.0438 $.0023 NTC NYSE Nuveen
Connecticut Quality Municipal Income Fund $.0410 - NKG NYSE Nuveen
Georgia Quality Municipal Income Fund $.0370 - NMT NYSE Nuveen
Massachusetts Quality Municipal Income Fund $.0410 - NMY NYSE
Nuveen Maryland Quality Municipal Income Fund $.0440 - NUM NYSE
Nuveen Michigan Quality Municipal Income Fund $.0445 - NMS NYSE
Nuveen Minnesota Quality Municipal Income Fund $.0490 - NOM NYSE
Nuveen Missouri Quality Municipal Income Fund $.0430 - NNC NYSE
Nuveen North Carolina Quality Municipal Income Fund $.0390 - NXJ
NYSE Nuveen New Jersey Quality Municipal Income Fund $.0545 - NJV
NYSE Nuveen New Jersey Municipal Value Fund $.0450 - NUO NYSE
Nuveen Ohio Quality Municipal Income Fund $.0418 -$.0037 NQP NYSE
Nuveen Pennsylvania Quality Municipal Income Fund $.0505 - NPN NYSE
Nuveen Pennsylvania Municipal Value Fund $.0405 - NTX NYSE Nuveen
Texas Quality Municipal Income Fund $.0445 - NPV NYSE Nuveen
Virginia Quality Municipal Income Fund $.0435 -
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 $.0610 - JPI NYSE Nuveen Preferred and Income
Term Fund $.1355 - JPS NYSE Nuveen Preferred & Income
Securities Fund $.0560 - JPT NYSE Nuveen Preferred and Income 2022
Term Fund $.1185 -
Floating Rate NSL NYSE
Nuveen Senior Income Fund $.0375 - JFR NYSE Nuveen Floating Rate
Income Fund $.0615 - JRO NYSE Nuveen Floating Rate Income
Opportunity Fund $.0625 - JSD NYSE Nuveen Short Duration Credit
Opportunities Fund $.1035 -
Mortgage-Backed
Securities JMM NYSE Nuveen Multi-Market Income Fund
$.0300 -
Taxable Municipals NBB NYSE Nuveen
Taxable Municipal Income Fund $.1030 -
Emerging Markets
Debt JEMD NYSE Nuveen Emerging Markets Debt 2022 Target
Term Fund $.0375 -
Global High Yield Debt JGH
NYSE Nuveen Global High Income Fund $.1020 -
Corporate
High Yield Debt JHY NYSE Nuveen High Income 2020 Target
Term Fund $.0350 - JHD NYSE Nuveen High Income December 2019 Target
Term Fund $.0325 - JHB NYSE Nuveen High Income November 2021 Target
Term Fund $.0415 - JCO NYSE Nuveen Credit Opportunities 2022 Target
Term Fund $.0470 - JHAA NYSE Nuveen High Income 2023 Target Term
Fund $.0520 -
Monthly Capital Return Plan Policy Distribution
JQC has adopted a capital return plan through which the fund
will return to shareholders 20 percent of the fund’s common assets,
over a period of three years ending on December 31, 2021, through
supplemental amounts included in the fund’s regular monthly
distribution. Distribution sources will include net investment
income and return of capital and may include realized gains. The
fund will provide 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.
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 capital return
distribution declaration for the following closed-end fund:
Record Date June 14, 2019 Ex-Dividend Date
June 13, 2019 Payable Date July 1, 2019
Monthly Distribution Per Share Change From
Ticker Exchange
Fund Name Amount Previous Month
Floating Rate
JQC
NYSE
Nuveen Credit Strategies Income Fund
$.1035
-
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 June 14, 2019 Ex-Dividend Date
June 13, 2019 Payable Date July 1, 2019
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 three 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 or call:
Financial advisors800-752-8700
Individual investors800-257-8787
The following dates apply to today's quarterly managed
distribution declarations for the following closed-end funds:
Record Date June 14, 2019 Ex-Dividend Date
June 13, 2019 Payable Date July 1, 2019
Quarterly Distribution Per Share Change From
Ticker Exchange
Fund Name Amount Previous Quarter
Hybrid Equity JTA NYSE Nuveen Tax-Advantaged
Total Return Strategy Fund $.2400 - JTD NYSE Nuveen Tax-Advantaged
Dividend Growth Fund $.3100 -
Multi-Strategy
JDD NYSE Nuveen Diversified Dividend and Income Fund $.2175 -
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 $989 billion in assets under management as of
31 March 2019 and operations in 23 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.
EPS-861532PR-M0619W
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version on businesswire.com: https://www.businesswire.com/news/home/20190603005101/en/
Mary Ellen Higginsmaryellen.higgins@nuveen.com
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