Nuveen Closed-End Funds Declare Monthly Distributions
June 01 2012 - 4:40PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced that 109 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.
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.*
The Nuveen Tax-Advantaged Floating Rate Fund (NYSE MKT:
JFP) previously announced that the fund’s Board of Trustees
has approved a plan to liquidate the fund and distribute the assets
to shareholders of the fund. As a result of the liquidation, the
fund is not declaring a distribution on June 1st. Any net
investment income remaining as of June 22, 2012 will be included in
the final liquidating distributions. More detailed information
about this action and the liquidation process can be found in the
JFP Liquidation Q&A by clicking here.
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.
The following dates apply to today's distribution
declarations for the following Closed-End Funds:
Record Date June 15, 2012
Ex-Dividend Date June 13, 2012 Payable Date
July 2, 2012 Reinvest Date July 2, 2012
Monthly Tax-Free Distribution Per Share Change From
Amount Previous Month
Ticker
Closed-End
Portfolios
NXP Select Portfolio $.0595 - NXQ Select Portfolio 2 .0525 - NXR
Select Portfolio 3 .0550 - NXC CA Select Portfolio .0570 - NXN NY
Select Portfolio .0545 -
Closed-End
Funds
Non-Leveraged
Funds
NUV Municipal Value .0390 - NUW Municipal Value 2 .0670 - NCA CA
Municipal Value .0390 - NNY NY Municipal Value .0345 - NMI
Municipal Income .0475 - NIM Select Maturities .0315 - NYV NY
Municipal Value 2 .0560 - NCB CA Municipal Value 2 .0665 - NJV NJ
Municipal Value .0580 - NPN PA Municipal Value .0530 -
Leveraged
Funds
National
NPI Premium Income .0765 - NPP Performance Plus .0800 - NMA
Advantage .0755 (.0035) NMO Market Opportunity .0705 (.0030) NQM
Investment Quality .0840 - NQI Quality Municipal .0750 - NQS Select
Quality .0800 (.0060) NQU Quality Income .0790 - NIO Municipal
Opportunity .0730 - NPF Premier .0735 (.0050) NIF Premier Municipal
Opportunity .0755 - NPM Premium Income 2 .0795 - NPT Premium Income
4 .0710 - NPX Premium Income Municipal Opportunity .0620 - NAD
Dividend Advantage .0760 - NXZ Dividend Advantage 2 .0800 - NZF
Dividend Advantage 3 .0755 (.0065) NVG Dividend Advantage Municipal
.0750 - NEA AMT-Free Municipal Income .0700 - NMZ High Income
Opportunity Fund .0730 - NMD High Income Opportunity Fund 2 .0655 -
NEV Enhanced Municipal Value Fund .0800 -
Change From Amount Previous Month
California
NCP Performance Plus .0815 - NCO Market Opportunity .0800 - NQC
Investment Quality .0830 - NVC Select Quality .0860 - NUC Quality
Income .0875 - NCU Premium Income .0725 - NAC Dividend Advantage
.0770 - NVX Dividend Advantage 2 .0800 - NZH Dividend Advantage 3
.0705 (.0045)
New
York
NNP Performance Plus .0735 - NQN Investment Quality .0690 - NVN
Select Quality .0725 - NUN Quality Income .0730 - NNF Premium
Income Municipal .0695 - NAN Dividend Advantage .0655 - NXK
Dividend Advantage 2 .0665 - NKO Dividend Advantage Income .0680 -
NRK AMT-Free Municipal Income .0585 -
Other State
Funds
NAZ AZ Premium Income .0640 - NFZ AZ Dividend Advantage .0610
(.0035) NKR AZ Dividend Advantage 2 .0670 - NXE AZ Dividend
Advantage 3 .0600 (.0030) NTC CT Premium Income .0590 - NFC CT
Dividend Advantage .0590 - NGK CT Dividend Advantage 2 .0585
(.0025) NGO CT Dividend Advantage 3 .0575 - NPG GA Premium Income
.0565 - NZX GA Dividend Advantage .0610 - NKG GA Dividend Advantage
2 .0560 - NMY MD Premium Income .0645 - NFM MD Dividend Advantage
.0590 (.0030) NZR MD Dividend Advantage 2 .0660 - NWI MD Dividend
Advantage 3 .0630 - NMT MA Premium Income .0590 (.0030) NMB MA
Dividend Advantage .0570 - NGX Insured MA Tax-Free Advantage .0495
(.0050) NUM MI Quality Income .0740 - NMP MI Premium Income .0730 -
NZW MI Dividend Advantage .0640 (.0030) NOM MO Premium Income .0610
(.0040) NQJ NJ Investment Quality .0705 - NNJ NJ Premium Income
.0725 - NXJ NJ Dividend Advantage .0655 (.0040) NUJ NJ Dividend
Advantage 2 .0715 - NNC NC Premium Income .0570 - NRB NC Dividend
Advantage .0630 - NNO NC Dividend Advantage 2 .0580 (.0030) NII NC
Dividend Advantage 3 .0575 (.0035)
Change From
Amount Previous Month NUO OH Quality Income
.0800 - NXI OH Dividend Advantage .0690 (.0045) NBJ OH Dividend
Advantage 2 .0700 - NVJ OH Dividend Advantage 3 .0705 (.0050) NQP
PA Investment Quality .0780 - NPY PA Premium Income 2 .0700 - NXM
PA Dividend Advantage .0670 (.0025) NVY PA Dividend Advantage 2
.0745 - NTX TX Quality Income .0640 (.0045) NPV VA Premium Income
.0645 (.0025) NGB VA Dividend Advantage .0560 (.0045) NNB VA
Dividend Advantage 2 .0660 -
Monthly Taxable Distribution
Per Share
Closed-End
Funds:
Change From
Ticker
Taxable
Funds
Amount Previous Month
Preferred
Securities
JTP Quality Preferred Income Fund .0500 - JPS Quality Preferred
Income Fund 2 .0550 - JHP Quality Preferred Income Fund 3 .0520 -
JPC Preferred Income Opportunities Fund .0633 -
Floating Rate:
Corporate Loans
NSL Senior Income Fund .0455 .0025 JFR Floating Rate Income Fund
.0735 .0050 JRO Floating Rate Income Opportunity Fund .0775 .0050
JSD Short Duration Credit Opportunities Fund .1245 .0050 JQC Credit
Strategies Income Fund .0667 -
Mortgage-Backed
Securities
JLS Mortgage Opportunity Term Fund .1725 - JMT Mortgage Opportunity
Term Fund 2 .1725 -
Taxable
Municipal
NBB Build America Bond Fund .1085 - NBD Build America Bond
Opportunity Fund .1065 -
The following dates apply to today's distribution
declarations for the following MTP Shares:
Record Date June 15, 2012 Ex-Dividend
Date June 13, 2012 Payable Date July 2,
2012
Ticker
MuniFund Term
Preferred
Monthly Tax-Free Distribution
Per Share
NVG PrC Nuveen Insured Dividend Advantage Municipal Fund MTP
$.024583 NGB PrC Nuveen Virginia Dividend Advantage Municipal Fund
MTP .023333 NNB PrC Nuveen Virginia Dividend Advantage Municipal
Fund 2 MTP .023333 NAN PrC Nuveen New York Dividend Advantage
Municipal Fund MTP .022500 NZH PrC Nuveen California Dividend
Advantage Municipal Fund 3 MTP .024583 NEA PrC Nuveen Insured
Tax-Free Advantage Municipal Fund MTP .023750 NKG PrC Nuveen
Georgia Dividend Advantage Municipal Fund 2 MTP .022083 NMT PrC
Nuveen Massachusetts Premium Income Municipal Fund MTP .022083 NMY
PrC Nuveen Maryland Premium Income Municipal Fund MTP .022083 NNC
PrC Nuveen North Carolina Premium Income Municipal Fund MTP .022083
NPV PrC Nuveen Virginia Premium Income Municipal Fund MTP .022083
NTC PrC Nuveen Connecticut Premium Income Municipal Fund MTP
.022083 NII PrC Nuveen North Carolina Dividend Advantage Municipal
Fund 3 MTP .022083 NGO PrC Nuveen Connecticut Dividend Advantage
Municipal Fund 3 MTP .022083 NGX PrC Nuveen Insured Mass. Tax-Free
Advantage Municipal Fund MTP .022083 NPG PrC Nuveen Georgia Premium
Income Municipal Fund MTP .022083 NZX PrC Nuveen Georgia Dividend
Advantage Municipal Fund MTP .022083 NWI PrC Nuveen Maryland
Dividend Advantage Municipal Fund 3 MTP .022083 NAD PrC Nuveen
Dividend Advantage Municipal Fund MTP .022500 NMB PrC Nuveen
Massachusetts Dividend Advantage Municipal Fund MTP .021667 NRB PrC
Nuveen North Carolina Dividend Advantage Municipal Fund MTP .021667
NNO PrC Nuveen North Carolina Dividend Advantage Municipal Fund 2
MTP .021667 NFC PrC Nuveen Connecticut Dividend Advantage Municipal
Fund MTP .021667 NGK PrC Nuveen Connecticut Dividend Advantage
Municipal Fund 2 MTP .021667 NXK PrC Nuveen New York Dividend
Advantage Municipal Fund 2 MTP .021250 NRK PrC Nuveen Insured New
York Tax Free Advantage Municipal Fund MTP .021250 NFM PrC Nuveen
Maryland Dividend Advantage Municipal Fund MTP .021667 NZR PrC
Nuveen Maryland Dividend Advantage Municipal Fund 2 MTP .021667 NCU
PrC Nuveen California Premium Income Municipal Fund MTP .016667 NUJ
PrC Nuveen New Jersey Dividend Advantage Municipal Fund 2 MTP
.016667 NXM PrC Nuveen Pennsylvania Dividend Advantage Municipal
Fund MTP .017500 NKR PrC Nuveen Arizona Dividend Advantage
Municipal Fund 2 MTP .017083 NFZ PrC Nuveen Arizona Dividend
Advantage Municipal Fund MTP .017083 NVX PrC Nuveen California
Dividend Advantage Municipal Fund 2 MTP .017083 NVY PrC Nuveen
Pennsylvania Dividend Advantage Municipal Fund 2 MTP .017917 NTX
PrC Nuveen Texas Quality Income Municipal Fund MTP .019167 NOM PrC
Nuveen Missouri Premium Income Municipal Fund MTP .017500 NZW PrC
Nuveen Michigan Dividend Advantage Municipal Fund MTP .019167 NXI
PrC Nuveen Ohio Dividend Advantage Municipal Fund MTP .019583 NAN
PrD Nuveen New York Dividend Advantage Municipal Fund MTP .020833
NNC PrD Nuveen North Carolina Premium Income Municipal Fund MTP
.021667 NTC PrD Nuveen Connecticut Premium Income Municipal Fund
MTP .021250 NZF PrC Nuveen Dividend Advantage Municipal Fund 3 MTP
.023333 NMT PrD Nuveen Massachusetts Premium Income Municipal Fund
MTP .022917 NWI PrD Nuveen Maryland Dividend Advantage Municipal
Fund 3 MTP .023750 NXE PrC Nuveen Arizona Dividend Advantage
Municipal Fund 3 MTP .024167 NPV PrA Nuveen Virginia Premium Income
Municipal Fund MTP .018750 NMY PrD Nuveen Maryland Premium Income
Municipal Fund MTP .024167 NXI PrD Nuveen Ohio Dividend Advantage
Municipal Fund MTP .024583 NXJ PrA Nuveen New Jersey Dividend
Advantage Municipal Fund MTP .019167 NVX PrA Nuveen California
Dividend Advantage Municipal Fund 2 MTP .019583 NBJ PrA Nuveen Ohio
Dividend Advantage Municipal Fund 2 MTP .019583 NZH PrA Nuveen
California Dividend Advantage Municipal Fund 3 MTP .019583 NVJ PrA
Nuveen Ohio Dividend Advantage Municipal Fund 3 MTP .019583 NZH PrB
Nuveen California Dividend Advantage Municipal Fund 3 MTP .018750
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, Symphony Asset Management, NWQ
Investment Management Company, Santa Barbara Asset Management,
Tradewinds Global Investors, Winslow Capital Management, and
Gresham Investment Management. In total, Nuveen Investments managed
approximately $227 billion as of March 31, 2012. 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.
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