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. 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 15, 2017 Ex-Dividend Date
December 14, 2017 Payable Date December 29, 2017
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 Amount
Previous Month
Ticker
Exchange
Fund
Name
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 (.0015) NUW NYSE Nuveen AMT-Free
Municipal Value Fund $.0600 - NMI NYSE Nuveen Municipal Income
Fund, Inc. $.0390 (.0015) NIM NYSE Nuveen Select Maturities
Municipal Fund $.0260 - NZF NYSE Nuveen Municipal Credit Income
Fund $.0700 (.0040) NVG NYSE Nuveen AMT-Free Municipal Credit
Income Fund $.0725 - NMZ NYSE Nuveen Municipal High Income
Opportunity Fund $.0650 - NEV NYSE Nuveen Enhanced Municipal Value
Fund $.0650 (.0030) NID NYSE Nuveen Intermediate Duration Municipal
Term Fund $.0500 (.0030) NIQ NYSE Nuveen Intermediate Duration
Quality Municipal Term Fund $.0370 (.0020) NHA NYSE Nuveen
Municipal 2021 Target Term Fund $.0175 - NEA NYSE Nuveen AMT-Free
Quality Municipal Income Fund $.0580 - NAD NYSE Nuveen Quality
Municipal Income Fund $.0575 (.0025)
California
NAC NYSE Nuveen California Quality Municipal Income Fund $.0585
(.0035) NKX NYSE Nuveen California AMT-Free Quality Municipal
Income Fund $.0620 - NCA NYSE Nuveen California Municipal Value
Fund, Inc. $.0300 (.0040) NXC NYSE Nuveen California Select
Tax-Free Income Portfolio $.0465 (.0015) NCB NYSE Nuveen California
Municipal Value Fund 2 $.0540 (.0050)
New
York
NRK NYSE Nuveen New York AMT-Free Quality Municipal Income Fund
$.0475 (.0035) NAN NYSE Nuveen New York Quality Municipal Income
Fund $.0535 (.0045) NXN NYSE Nuveen New York Select Tax-Free Income
Portfolio $.0420 (.0040) NNY NYSE Nuveen New York Municipal Value
Fund, Inc. $.0300 (.0015) NYV NYSE Nuveen New York Municipal Value
Fund 2 $.0425 (.0035)
Other State
Funds
NAZ NYSE Nuveen Arizona Quality Municipal Income Fund $.0495
(.0045) NTC NYSE Nuveen Connecticut Quality Municipal Income Fund
$.0410 (.0040) NKG NYSE Nuveen Georgia Quality Municipal Income
Fund $.0405 (.0035) NMT NYSE Nuveen Massachusetts Quality Municipal
Income Fund $.0500 (.0045) NMY NYSE Nuveen Maryland Quality
Municipal Income Fund $.0475 (.0025) NUM NYSE Nuveen Michigan
Quality Municipal Income Fund $.0480 (.0055) NMS NYSE Nuveen
Minnesota Quality Municipal Income Fund $.0600 - NOM NYSE Nuveen
Missouri Quality Municipal Income Fund $.0530 - NNC NYSE Nuveen
North Carolina Quality Municipal Income Fund $.0440 - 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 $.0520 (.0035) NQP NYSE Nuveen
Pennsylvania Quality Municipal Income Fund $.0535 (.0050) NPN NYSE
Nuveen Pennsylvania Municipal Value Fund $.0455 (.0015) NTX NYSE
Nuveen Texas Quality Municipal Income Fund $.0530 - 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 -
Floating Rate:
Corporate Loans
NSL NYSE Nuveen Senior Income Fund $.0395 - JFR NYSE Nuveen
Floating Rate Income Fund $.0675 - JRO NYSE Nuveen Floating Rate
Income Opportunity Fund $.0705 - JSD NYSE Nuveen Short Duration
Credit Opportunities Fund $.1060 - JQC NYSE Nuveen Credit
Strategies Income Fund $.0475 -
Mortgage-Backed
Securities
JMM NYSE Nuveen Multi-Market Income Fund $.0330 (.0030)
Taxable
Municipal
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
Debt
JGH NYSE Nuveen Global High Income Fund $.1200 -
High Yield
Debt
JHY NYSE Nuveen High Income 2020 Target Term Fund $.0470 (.0020)
JHA NYSE Nuveen High Income December 2018 Target Term Fund $.0325
(.0025) JHD NYSE Nuveen High Income December 2019 Target Term Fund
$.0415 (.0025) JHB NYSE Nuveen High Income November 2021 Target
Term Fund $.0500 - 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 15, 2017 Ex-Dividend Date
December 14, 2017 Payable Date December 29, 2017
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
Securities
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 December 15, 2017 Ex-Dividend Date
December 14, 2017 Payable Date December 29, 2017
Quarterly Distribution Per Share
Change From
Ticker
Exchange
Fund
Name
Amount Previous Quarter
Equity
JTA NYSE Nuveen Tax-Advantaged Total Return Strategy Fund $.2480 -
JTD NYSE Nuveen Tax-Advantaged Dividend Growth Fund $.3100 - JCE
NYSE Nuveen Core Equity Alpha Fund $.2775 -
Equity
Option
DIAX NYSE Nuveen Dow 30SM Dynamic Overwrite Fund $.2750 - BXMX NYSE
Nuveen S&P 500 Buy-Write Income Fund $.2285 - QQQX NASDAQ
Nuveen NASDAQ 100 Dynamic Overwrite Fund $.3700 - SPXX NYSE Nuveen
S&P 500 Dynamic Overwrite Fund $.2525 -
Multi-Strategy
JDD NYSE Nuveen Diversified Dividend and Income Fund $.2700 -
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 $948 billion in assets under management as of
9/30/17 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.
316734-INV-O-12/19
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171201005791/en/
NuveenKristyna Munoz254-644-1615Kristyna.munoz@nuveen.com
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