Nine Nuveen Municipal Closed-End Funds Declare Pre-Merger Distributions
August 30 2016 - 5:00PM
Business Wire
Nuveen, an operating division of TIAA Global Asset Management,
today announced distributions for nine national municipal
closed-end funds. The specific distribution dates and amounts are
detailed below. As previously announced, the shareholders of these
funds approved the reorganization of the funds into two larger
funds.
The following dates apply to distribution declarations for
the following Funds:
Record Date September 9, 2016
Ex-Dividend Date September 7, 2016 Payable
Date October 3, 2016 Reinvest Date October 3,
2016 Per
Share Distribution Amount Tax-Exempt
Ordinary Ticker Fund
Name Income Income
NPF Nuveen Premier Municipal Income Fund, Inc. $0.0110 NPI Nuveen
Premium Income Municipal Fund, Inc. $0.0359 $0.0028 NQS Nuveen
Select Quality Municipal Fund, Inc. $0.0081 NQM Nuveen Investment
Quality Municipal Fund, Inc. $0.0450 NMO Nuveen Municipal Market
Opportunity Fund, Inc. $0.0143 NPM Nuveen Premium Income Municipal
Fund 2, Inc. $0.0270 NPP Nuveen Performance Plus Municipal Fund,
Inc. $0.0945 $0.0018 NAD Nuveen Dividend Advantage Municipal Fund
$0.0177 NEA Nuveen AMT-Free Municipal Income Fund
$0.0165
Regulations require that acquired funds in any reorganization
fully distribute any accumulated undistributed net investment
income (UNII) prior to the reorganization going effective.
Following the merger, the acquiring funds, NEA and NAD, are
expected to declare additional post-merger distributions, payable
October 3, 2016. The total dollar amount of the pre- and
post-merger tax-exempt* distributions received on October 3, 2016
will be equal to or greater than the shareholder’s prior monthly
tax-exempt dividend.
For more information about UNII, each fund, and the
shareholder-approved reorganization, please visit
http://www.nuveen.com/CEF.
Nuveen provides investment solutions designed to help secure the
long-term goals of individual investors and the advisors who serve
them. Through the investment expertise of leading asset managers
across traditional and alternative asset classes, Nuveen is
committed to delivering consultative guidance that aligns with
client needs. Funds are distributed by Nuveen Securities, LLC, a
subsidiary of Nuveen Investments, Inc. Nuveen is an operating
division of TIAA Global Asset Management. For more information,
please visit the Nuveen website at www.nuveen.com.
The information contained on the Nuveen website is not a part of
this press release.
*Income may be subject to state and local income taxes and the
alternative minimum tax. Capital gains, if any, will be subject to
capital gains tax.
FORWARD LOOKING STATEMENTS
Certain statements made in this release are forward-looking
statements. Actual future results or occurrences may differ
significantly from those anticipated in any forward-looking
statements due to numerous factors. These include, but are not
limited to:
• market developments; • legal and regulatory
developments; and • other additional risks and uncertainties.
Nuveen and the closed-end funds managed by Nuveen and its
affiliates undertake no responsibility to update publicly or revise
any forward-looking statement.
18935-INV-O-08/17
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version on businesswire.com: http://www.businesswire.com/news/home/20160830006479/en/
NuveenMedia Contact:Kristyna Munoz(312)
917-8343kristyna.munoz@nuveen.com
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