Nuveen Closed-End Funds Declare Monthly Distributions
April 01 2010 - 4:07PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions and high-net-worth investors, today
announced that 109 Nuveen closed-end funds had 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.
All of Nuveen’s 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:
Record Date
April 15, 2010
Ex-Dividend Date April 13, 2010
Payable Date May 3,
2010 Monthly Tax-Free Distribution Per Share
Change From Amount Previous Month
Ticker
Closed-End Portfolios NXP Select Portfolio
$.0595 - NXQ Select Portfolio 2 .0555 - NXR Select Portfolio 3
.0535 - NXC CA Select Portfolio .0555 - NXN NY Select Portfolio
.0510 -
Closed-End Funds
Non-Leveraged Funds NUV Municipal Value .0390 -
NUW Municipal Value 2 .0750 - NCA CA Municipal Value .0380 - NNY NY
Municipal Value .0355 - NMI Municipal Income .0470 - NIM Select
Maturities .0350 - NYV NY Municipal Value 2 .0640 - NCB CA
Municipal Value 2 .0690 - NJV NJ Municipal Value .0640 - NPN PA
Municipal Value .0650 -
Leveraged Funds
National NPI Premium Income .0730 - NPP
Performance Plus .0760 - NMA Advantage .0810 - NMO Market
Opportunity .0800 - NQM Investment Quality .0750 - NQI Insured
Quality .0710 - NQS Select Quality .0820 - NQU Quality Income .0760
- NIO Insured Opportunity .0690 - NPF Premier .0700 - Change From
Amount Previous Month NIF Premier Insured .0740 - NPM Premium
Income 2 .0730 - NPT Premium Income 4 .0690 - NPX Insured Premium 2
.0620 - NAD Dividend Advantage .0760 - NXZ Dividend Advantage 2
.0800 - NZF Dividend Advantage 3 .0780 - NVG Insured Dividend
Advantage .0700 - NEA Insured Tax-Free Advantage .0680 - NMZ High
Income Opportunity Fund .0835 - NMD High Income Opportunity Fund 2
.0800 - NEV Enhanced Municipal Value Fund .0760 -
California NCP Performance Plus .0750 - NCO
Market Opportunity .0750 - NQC Investment Quality .0750 - NVC
Select Quality .0790 - NUC Quality Income .0800 - NPC Insured
Premium Income .0690 - NCL Insured Premium Income 2 .0720 - NCU
Premium Income .0700 - NAC Dividend Advantage .0720 - NVX Dividend
Advantage 2 .0790 - NZH Dividend Advantage 3 .0750 - NKL Insured
Dividend Advantage .0750 - NKX Insured Tax-Free Advantage .0660 -
New York NNP Performance Plus .0680 - NQN
Investment Quality .0635 - NVN Select Quality .0650 - NUN Quality
Income .0670 - NNF Insured Premium Income .0620 - NAN Dividend
Advantage .0655 - NXK Dividend Advantage 2 .0665 - NKO Insured
Dividend Advantage .0645 - NRK Insured Tax-Free Advantage .0615 -
Other State Funds NAZ AZ Premium Income .0590 -
NFZ AZ Dividend Advantage .0590 - NKR AZ Dividend Advantage 2 .0660
- NXE AZ Dividend Advantage 3 .0620 - NTC CT Premium Income .0590 -
NFC CT Dividend Advantage .0640 - NGK CT Dividend Advantage 2 .0660
- NGO CT Dividend Advantage 3 .0600 - NPG GA Premium Income .0590 -
NZX GA Dividend Advantage .0640 - NKG GA Dividend Advantage 2 .0600
- Change From Amount Previous Month NMY MD Premium Income .0620 -
NFM MD Dividend Advantage .0650 - NZR MD Dividend Advantage 2 .0660
- NWI MD Dividend Advantage 3 .0630 - NMT MA Premium Income .0650 -
NMB MA Dividend Advantage .0690 - NGX Insured MA Tax-Free Advantage
.0630 - NUM MI Quality Income .0660 - NMP MI Premium Income .0650 -
NZW MI Dividend Advantage .0640 - NOM MO Premium Income .0590 - NQJ
NJ Investment Quality .0660 - NNJ NJ Premium Income .0660 - NXJ NJ
Dividend Advantage .0660 - NUJ NJ Dividend Advantage 2 .0680 - NNC
NC Premium Income .0620 - NRB NC Dividend Advantage .0700 - NNO NC
Dividend Advantage 2 .0680 - NII NC Dividend Advantage 3 .0660 -
NUO OH Quality Income .0740 - NXI OH Dividend Advantage .0700 - NBJ
OH Dividend Advantage 2 .0690 - NVJ OH Dividend Advantage 3 .0730 -
NQP PA Investment Quality .0710 - NPY PA Premium Income 2 .0690 -
NXM PA Dividend Advantage .0710 - NVY PA Dividend Advantage 2 .0730
- NTX TX Quality Income .0680 - NPV VA Premium Income .0670 - NGB
VA Dividend Advantage .0640 - NNB VA Dividend Advantage 2 .0660 -
Closed-End Funds: Change From
Ticker Taxable Funds Amount
Previous Month
Preferred Securities JTP Quality
Preferred Income Fund .0480 - JPS Quality Preferred Income Fund 2
.0540 - JHP Quality Preferred Income Fund 3 .0510 -
Floating Rate: Corporate Loans - NSL Senior
Income Fund .0400 - JFR Floating Rate Income Fund .0510 - JRO
Floating Rate Income Opportunity Fund .0620 -
Floating
Rate: Tax Advantaged - JFP Tax-Advantaged Floating Rate
Fund .0150 -
Mortgage-Backed Securities JLS
Mortgage Opportunity Term Fund .1725 -
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
Nuveen Investments provides high quality investment services
designed to help secure the long-term goals of institutions and
high net worth investors as well as the consultants and financial
advisors who serve them. Nuveen Investments markets its growing
range of specialized investment solutions under the high-quality
brands of HydePark, NWQ, Nuveen, Santa Barbara, Symphony,
Tradewinds, and Winslow Capital. In total, the Company managed
nearly $145 billion as of December 31, 2009. For more information,
please visit the Nuveen Investments website at www.nuveen.com.
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