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
- Four Funds Declare Regular Quarterly
Distributions
Several Nuveen closed-end funds have declared distributions.
These funds represent investment strategies for investors seeking
diversified sources of income 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 December 14, 2018 Ex-Dividend Date
December 13, 2018 Payable Date December 31, 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 $.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 $.0565 - 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 $.0295 - 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 $.0410 -.0030 NCB NYSE Nuveen California Municipal Value
Fund 2 $.0540 -
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
$.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 $.0415
-.0025 NTC NYSE Nuveen Connecticut Quality Municipal Income Fund
$.0410 - NKG NYSE Nuveen Georgia Quality Municipal Income Fund
$.0345 - 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 $.0510 - NOM NYSE Nuveen Missouri Quality Municipal Income
Fund $.0430 - NNC NYSE Nuveen North Carolina Quality Municipal
Income Fund $.0360 - 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
$.0455 - NQP NYSE Nuveen Pennsylvania Quality Municipal Income Fund
$.0470 - 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 $.0355 - JFR NYSE Nuveen
Floating Rate Income Fund $.0600 - JRO NYSE Nuveen Floating Rate
Income Opportunity Fund $.0605 - JSD NYSE Nuveen Short Duration
Credit Opportunities Fund $.1035 - JQC NYSE Nuveen Credit
Strategies Income Fund $.0385 -
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 $.1070 -
Corporate High
Yield Debt
JHY NYSE Nuveen High Income 2020 Target Term Fund $.0390 - JHD NYSE
Nuveen High Income December 2019 Target Term Fund $.0325 -$.0025
JHB NYSE Nuveen High Income November 2021 Target Term Fund $.0465 -
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 December 14, 2018 Ex-Dividend Date
December 13, 2018 Payable Date December 31, 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 four 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 December 14, 2018 Ex-Dividend Date
December 13, 2018 Payable Date December 31, 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 $.2700 -
JTD NYSE Nuveen Tax-Advantaged Dividend Growth Fund $.3350 -
Domestic
Equity
JCE NYSE Nuveen Core Equity Alpha Fund $.2775 -
Multi-Strategy
JDD NYSE Nuveen Diversified Dividend and Income Fund $.2400 -
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.
683248-INV-O-12/19
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181203006085/en/
Name Kristyna MunozPhone 254-644-1615Email
Kristyna.munoz@nuveen.com
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