Nuveen Closed-End Funds Declare Distributions
May 02 2016 - 4:49PM
Business Wire
Distributions Highlight Nuveen’s Broad Range of Strategies
for Income-Seeking Investors
- Regular Monthly Tax-Exempt and Taxable
Fund Distributions
- Five Funds Declare Monthly Cash-Flow
Based Distributions
Nuveen Investments, an operating division of TIAA Global Asset
Management, 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 May 13, 2016 Ex-Dividend
Date May 11, 2016 Payable Date June 1,
2016 Reinvest Date June 1, 2016
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 Select Tax-Free Income Portfolio $.0455 - NXQ NYSE Select
Tax-Free Income Portfolio 2 $.0445 - NXR NYSE Select Tax-Free
Income Portfolio 3 $.0455 - NUV NYSE Municipal Value Fund $.0325 -
NUW NYSE AMT-Free Municipal Value Fund $.0650 - NMI NYSE Municipal
Income Fund $.0415 - NIM NYSE Select Maturities Municipal Fund
$.0260 - NPI NYSE Premium Income Municipal Fund $.0685 - NPP NYSE
Performance Plus Municipal Fund $.0730 - NMO NYSE Municipal Market
Opportunity Fund $.0635 - NQS NYSE Select Quality Municipal Fund
$.0635 - NPF NYSE Premier Municipal Income Fund $.0650 - NPM NYSE
Premium Income Municipal Fund 2 $.0720 - NEA NYSE AMT-Free
Municipal Income Fund $.0625 - NAD NYSE Dividend Advantage
Municipal Fund $.0710 - 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 $.0475
- NQM NYSE Investment Quality Municipal Fund $.0775 - NHA NYSE
Municipal 2021 Target Term Fund $.0200 -
California
NAC NYSE CA Dividend Advantage Municipal Fund $.0760 - 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
$.0675 - NZH NYSE MKT CA Dividend Advantage Municipal Fund 3 $.0670
- NXC NYSE CA Select Tax-Free Income Portfolio $.0525 - NCB NYSE
MKT CA Municipal Value Fund 2 $.0650 -
New
York
- NRK NYSE NY AMT-Free Municipal Income Fund $.0585 - NAN NYSE NY
Dividend Advantage Municipal Fund $.0665 - 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 $.0620 - NMS
NYSE MN Municipal Income Fund $.0665 - 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 - NUO NYSE OH Quality
Income Municipal Fund $.0670 - NQP NYSE PA Investment Quality
Municipal Fund $.0675 - NPN NYSE MKT PA Municipal Value Fund $.0520
- NTX NYSE TX Quality Income Municipal Fund $.0545 - NPV NYSE VA
Premium Income Municipal Fund $.0545 -
Monthly Taxable
Distributions
Monthly Taxable Distribution Per
Share Change From
Ticker
Exchange
Fund
Name
Amount Previous Month
Preferred
Securities
JPC NYSE Preferred Income Opportunities Fund $.0670 - JPI NYSE
Preferred and Income Term Fund $.1625 -
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 $.0515 -
Mortgage-Backed
Securities
JMM NYSE Multi-Market Income Fund $.0400 -
Taxable
Municipal
- NBB NYSE Build America Bond Fund $.1120 - NBD NYSE Build America
Bond Opportunity Fund $.1085 -
Global
Debt
JGH NYSE Global High Income Fund $.1320 -
High Yield
Debt
JHY NYSE High Income 2020 Target $.0570 - JHA NYSE High Income
December 2018 Target $.0505 -
Monthly Cash-Flow-Based
Distributions
Each of the five 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 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.
Under a cash-flow based distribution approach, each fund seeks
to maintain an attractive and 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 for the following closed-end funds:
Record Date May 13, 2016 Ex-Dividend
Date May 11, 2016 Payable Date June 1,
2016 Reinvest Date June 1, 2016
Monthly Distribution Per Share Change From
Ticker
Exchange
Fund
Name
Amount Previous Month
Preferred
Securities
JPW NYSE Flexible Investment Income Fund $.1180 -
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 $.1100 - DRA NYSE Diversified
Real Asset Income Fund $.1180 -
Nuveen provides investment solutions designed to help secure the
long-term goals of individual investors and the financial advisors
who serve them. Through the expertise and capabilities of TIAA
Global Asset Management’s high-caliber investment managers, Nuveen
is committed to providing world-class consultative services and
advice that align with client needs. Funds distributed by Nuveen
Securities, LLC, a subsidiary of Nuveen Investments, Inc. Nuveen
Investments is an operating division of TIAA Global Asset
Management. 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.
15946-INV-O-05/17
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version on businesswire.com: http://www.businesswire.com/news/home/20160502006266/en/
Nuveen InvestmentsMedia Contact:Kristyna Munoz(312)
917-8343kristyna.munoz@nuveen.com
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