Distributions Highlight Nuveen’s Broad Range of Strategies
for Income-Seeking Investors
- Regular Monthly Tax-Exempt and Taxable
Fund Distributions
- Four Funds Declare Monthly Cash-Flow
Based Distributions
- Nine Funds Declare Regular Quarterly
Fund Distributions
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced that several closed-end funds declared regular monthly
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 15, 2015 Ex-Dividend
Date June 11, 2015 Payable Date July 1,
2015 Reinvest Date July 1, 2015
Monthly Tax-Exempt Municipal Closed-End
Fund 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 Distribution Per Share
Change From
Ticker
Exchange
Fund
Name
Amount Previous
Month NXP NYSE Select Tax-Free Income Portfolio $.0475 -
NXQ NYSE Select Tax-Free Income Portfolio 2 $.0445 (.0015) NXR NYSE
Select Tax-Free Income Portfolio 3 $.0470 (.0020) NUV NYSE
Municipal Value Fund $.0325 (.0020) NUW NYSE AMT-Free Municipal
Value Fund $.0650 - NMI NYSE Municipal Income Fund $.0415 (.0010)
NIM NYSE Select Maturities Municipal Fund $.0275 -
Leveraged
Funds
National
NPI NYSE Premium Income Municipal Fund $.0685 - NPP NYSE
Performance Plus Municipal Fund $.0730 (.0040) NMA NYSE Municipal
Advantage Fund $.0660 - NMO NYSE Municipal Market Opportunity Fund
$.0635 (.0035) NQI NYSE Quality Municipal Fund $.0570 .0020 NQS
NYSE Select Quality Municipal Fund $.0665 - NQU NYSE Quality Income
Municipal Fund $.0685 - NIO NYSE Municipal Opportunity Fund $.0730
- NPF NYSE Premier Municipal Income Fund $.0685 - NPM NYSE Premium
Income Municipal Fund 2 $.0720 - NPT NYSE Premium Income Municipal
Fund 4 $.0680 - NEA NYSE AMT-Free Municipal Income Fund $.0645
(.0040) NAD NYSE Dividend Advantage Municipal Fund $.0710 (.0030)
NXZ NYSE MKT Dividend Advantage Municipal Fund 2 $.0680 - NZF NYSE
MKT Dividend Advantage Municipal Fund 3 $.0665 .0025 NVG NYSE MKT
Dividend Advantage Municipal Income Fund $.0630 .0020 NMZ NYSE MKT
Municipal High Income Opportunity Fund $.0760 - NEV NYSE Enhanced
Municipal Value Fund $.0800 - NID NYSE Intermediate Duration
Municipal Term Fund $.0570 - NIQ NYSE Intermediate Duration Quality
Municipal Term Fund $.0495 - NQM NYSE Investment Quality Municipal
Fund $.0820 -
California
NAC NYSE CA Dividend Advantage Municipal Fund $.0760 (.0040) NKX
NYSE CA AMT-Free Municipal Income Fund $.0720 - NCA NYSE CA
Municipal Value Fund $.0390 - NVX NYSE MKT CA Dividend Advantage
Municipal Fund 2 $.0700 - NZH NYSE MKT CA Dividend Advantage
Municipal Fund 3 $.0670 - NXC NYSE CA Select Tax-Free Income
Portfolio $.0545 (.0025) NCB NYSE MKT CA Municipal Value Fund 2
$.0650 -
New
York
NRK NYSE NY AMT-Free Municipal Income Fund $.0585 (.0025) NXN NYSE
NY Select Tax-Free Income Portfolio $.0460 - NNY NYSE NY Municipal
Value Fund $.0325 - NYV NYSE MKT NY Municipal Value Fund 2 $.0525 -
Other State
Funds
NAZ NYSE AZ Premium Income Municipal Fund $.0665 - NTC NYSE CT
Premium Income Municipal Fund $.0570 - NKG NYSE GA Dividend
Advantage Municipal Fund 2 $.0535 - NMT NYSE MA Premium Income
Municipal Fund $.0590 - NMY NYSE MD Premium Income Municipal Fund
$.0555 - NUM NYSE MI Quality Income Municipal Fund $.0640 (.0035)
NMS NYSE MN Municipal Income Fund $.0690 - NOM NYSE MKT MO Premium
Income Municipal Fund $.0610 - NNC NYSE NC Premium Income Municipal
Fund $.0490 - NXJ NYSE NJ Dividend Advantage Municipal Fund $.0680
- NJV NYSE MKT NJ Municipal Value Fund $.0490 (.0010) NUO NYSE OH
Quality Income Municipal Fund $.0700 - NQP NYSE PA Investment
Quality Municipal Fund $.0690 - NPN NYSE MKT PA Municipal Value
Fund $.0520 - NTX NYSE TX Quality Income Municipal Fund $.0545 -
NPV NYSE VA Premium Income Municipal Fund $.0610 -
Monthly Taxable
Closed-End Fund Distributions
Monthly Taxable Distribution Per Share Change From
Ticker
Exchange
Fund
Name
Amount Previous Month
Preferred
Securities
JTP NYSE Quality Preferred Income Fund $.0550 - JPS NYSE Quality
Preferred Income Fund 2 $.0580 - JHP NYSE Quality Preferred Income
Fund 3 $.0560 - JPC NYSE Preferred Income Opportunities Fund $.0670
.0015 JPI NYSE Preferred and Income Term Fund $.1625 .0030
Floating Rate:
Corporate Loans
NSL NYSE Senior Income Fund $.0350 - JFR NYSE Floating Rate Income
Fund $.0600 - JRO NYSE Floating Rate Income Opportunity Fund $.0630
- JSD NYSE Short Duration Credit Opportunities Fund $.0970 - JQC
NYSE Credit Strategies Income Fund $.0500 .0015
Mortgage-Backed
Securities
JMM NYSE Multi-Market Income Fund $.0400 -
Taxable
Municipal
NBB NYSE Build America Bond Fund $.1120 (.0040) NBD NYSE Build
America Bond Opportunity Fund $.1085 (.0055)
Global
Equity
JGH NYSE Global High Income Fund $.1320 -
Monthly Cash-Flow-Based Closed-End Fund
Distributions
Each of the four taxable funds listed immediately below have
adopted a cash-flow based distribution program. Potential
distribution sources include 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
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 contained in
shareholders’ 1099-DIV forms after the end of the year.
Under a cash-flow based distribution approach, each fund seeks
to maintain a stable regular distribution amount based on the
fund’s net cash flow received from portfolio investments. Fund
distributions are not intended to include expected portfolio
appreciation; each fund may invest in securities which have cash
flow that ultimately may be fully or partially treated as gains or
return of capital for tax purposes. 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 and quarterly distributions for the
following closed-end funds:
Record Date June 15, 2015 Ex-Dividend
Date June 11, 2015 Payable Date July 1,
2015 Reinvest Date July 1, 2015
Monthly Distribution Per Share Change From
Ticker
Exchange
Fund
Name
Amount Previous Month
Preferred
Securities
JPW NYSE Flexible Investment Income Fund $.1260 -
Mortgage-Backed
Securities
JLS NYSE Mortgage Opportunity Term Fund $.1265 - JMT NYSE Mortgage
Opportunity Term Fund 2 $.1275 -
Real
Assets
JRI NYSE Real Asset Income and Growth Fund $.1345 -
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, potential distribution
sources for regular distributions throughout the year include
realized gains and return of capital, in addition to net investment
income. 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 five 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.
Quarterly Taxable Distribution Per Share
Change From
Ticker
Exchange
Closed-End
Funds:
Amount Previous Quarter
Global
Equity
JGV NYSE Global Value Opportunities Fund $.2520 -
Equity
JTA NYSE Tax-Advantaged Total Return Strategy Fund $.2720 - JTD
NYSE Tax-Advantaged Dividend Growth Fund $.3230 - JCE NYSE Core
Equity Alpha Fund $.3030 -
Equity
Option
DIAX NYSE Dow 30SM Dynamic Overwrite Fund $.2660 - BXMX NYSE
S&P 500 Buy-Write Income Fund $.2490 - QQQX NYSE NASDAQ 100
Dynamic Overwrite Fund $.3500 - SPXX NYSE S&P 500 Dynamic
Overwrite Fund $.2610 -
Multi-Strategy
JDD NYSE Diversified Dividend and Income Fund $.2700 -
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, LLC, Symphony Asset Management
LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset
Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital
Management, LLC and Gresham Investment Management LLC, all of which
are registered investment advisers and independent investment
subsidiaries of Nuveen Investments, Inc. Funds distributed by
Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc.
Nuveen Investments operates as a separate subsidiary within
TIAA-CREF, which is a leading provider of retirement and financial
services in the academic, research, medical and cultural fields. In
total, Nuveen Investments managed approximately $233 billion as of
March 31, 2015. 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.
8345-INV-O-05/16
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version on businesswire.com: http://www.businesswire.com/news/home/20150601006792/en/
Nuveen InvestmentsMedia Contact:Kristyna Munoz(312)
917-8343kristyna.munoz@nuveen.com
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