CHICAGO--(BUSINESS WIRE)--Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that 96 Nuveen closed-end funds 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.
The following dates apply to today's distribution declarations for the following Closed-End Funds:
| Record Date | September 14, 2012 | |||||
| Ex-Dividend Date | September 12, 2012 | |||||
| Payable Date | October 1, 2012 | |||||
| Reinvest Date | October 1, 2012 | Monthly Tax-Free Distribution Per Share | ||||
| Change From | ||||||
| Amount | Previous Month | |||||
|
Ticker |
Closed-End Portfolios |
|||||
| NXP | Select Portfolio | $.0565 | (.0030) | |||
| NXQ | Select Portfolio 2 | .0525 | - | |||
| NXR | Select Portfolio 3 | .0550 | - | |||
| NXC | CA Select Portfolio | .0570 | - | |||
| NXN | NY Select Portfolio | .0545 | - | |||
|
Non-Leveraged Funds |
||||||
| NUV | Municipal Value | .0370 | (.0020) | |||
| NUW | Municipal Value 2 | .0670 | - | |||
| NCA | CA Municipal Value | .0390 | - | |||
| NNY | NY Municipal Value | .0345 | - | |||
| NMI | Municipal Income | .0475 | - | |||
| NIM | Select Maturities | .0315 | - | |||
| NYV | NY Municipal Value 2 | .0560 | - | |||
| NCB | CA Municipal Value 2 | .0665 | - | |||
| NJV | NJ Municipal Value | .0540 | (.0040) | |||
| NPN | PA Municipal Value | .0530 | - | |||
|
Leveraged Funds |
||||||
|
National |
||||||
| NPI | Premium Income | .0765 | - | |||
| NPP | Performance Plus | .0800 | - | |||
| NMA | Advantage | .0755 | - | |||
| NMO | Market Opportunity | .0705 | - | |||
| NQM | Investment Quality | .0840 | - | |||
| NQI | Quality Municipal | .0750 | - | |||
| NQS | Select Quality | .0800 | - | |||
| NQU | Quality Income | .0740 | (.0050) | |||
| NIO | Municipal Opportunity | .0730 | - | |||
| NPF | Premier | .0735 | - | |||
| NIF | Premier Municipal Opportunity | .0755 | - | |||
| NPM | Premium Income 2 | .0745 | (.0050) | |||
| NPT | Premium Income 4 | .0710 | - | |||
| NPX | Premium Income Municipal Opportunity | .0620 | - | |||
| NAD | Dividend Advantage | .0760 | - | |||
| NXZ | Dividend Advantage 2 | .0750 | (.0050) | |||
| NZF | Dividend Advantage 3 | .0755 | - | |||
| NVG | Dividend Advantage Municipal | .0750 | - | |||
| NEA | AMT-Free Municipal Income | .0700 | - | |||
| NMZ | High Income Opportunity Fund | .0730 | - | |||
| NMD | High Income Opportunity Fund 2 | .0655 | - | |||
| NEV | Enhanced Municipal Value Fund | .0800 | - | |||
|
California |
||||||
| NKX | CA AMT-Free Municipal Income | .0780 | - | |||
| NCP | Performance Plus | .0815 | - | |||
| NCO | Market Opportunity | .0800 | - | |||
| NQC | Investment Quality | .0830 | - | |||
| NVC | Select Quality | .0860 | - | |||
| NUC | Quality Income | .0875 | - | |||
| NCU | Premium Income | .0725 | - | |||
| NAC | Dividend Advantage | .0770 | - | |||
| NVX | Dividend Advantage 2 | .0800 | - | |||
| NZH | Dividend Advantage 3 | .0705 | - | |||
|
New York |
||||||
| NNP | Performance Plus | .0735 | - | |||
| NQN | Investment Quality | .0690 | - | |||
| NVN | Select Quality | .0725 | - | |||
| NUN | Quality Income | .0730 | - | |||
| NNF | Premium Income Municipal | .0695 | - | |||
| NAN | Dividend Advantage | .0655 | - | |||
| NXK | Dividend Advantage 2 | .0665 | - | |||
| NKO | Dividend Advantage Income | .0680 | - | |||
| NRK | AMT-Free Municipal Income | .0585 | - | |||
|
Other State Funds |
||||||
| NAZ | AZ Premium Income | .0640 | - | |||
| NFZ | AZ Dividend Advantage | .0610 | - | |||
| NKR | AZ Dividend Advantage 2 | .0670 | - | |||
| NXE | AZ Dividend Advantage 3 | .0600 | - | |||
| NTC | CT Premium Income | .0590 | - | |||
| NKG | GA Dividend Advantage 2 | .0575 | - | |||
| NMT | MA Premium Income | .0590 | - | |||
| NMB | MA Dividend Advantage | .0570 | - | |||
| NGX | Insured MA Tax-Free Advantage | .0495 | - | |||
| NUM | MI Quality Income | .0740 | - | |||
| NMP | MI Premium Income | .0730 | - | |||
| NZW | MI Dividend Advantage | .0640 | - | |||
| NOM | MO Premium Income | .0610 | - | |||
| NNC | NC Premium Income | .0590 | - | |||
| NQJ | NJ Investment Quality | .0705 | - | |||
| NNJ | NJ Premium Income | .0725 | - | |||
| NXJ | NJ Dividend Advantage | .0655 | - | |||
| NUJ | NJ Dividend Advantage 2 | .0665 | (.0050) | |||
| NUO | OH Quality Income | .0800 | - | |||
| NXI | OH Dividend Advantage | .0690 | - | |||
| NBJ | OH Dividend Advantage 2 | .0700 | - | |||
| NVJ | OH Dividend Advantage 3 | .0705 | - | |||
| NQP | PA Investment Quality | .0780 | - | |||
| NPY | PA Premium Income 2 | .0700 | - | |||
| NXM | PA Dividend Advantage | .0670 | - | |||
| NVY | PA Dividend Advantage 2 | .0745 | - | |||
| NTX | TX Quality Income | .0640 | - | |||
| Monthly Taxable Distribution Per Share | ||||||
|
Closed-End Funds: |
Change From | |||||
|
Ticker |
Taxable Funds |
Amount | Previous Month | |||
|
Preferred Securities |
||||||
| JTP | Quality Preferred Income Fund | .0500 | - | |||
| JPS | Quality Preferred Income Fund 2 | .0550 | - | |||
| JHP | Quality Preferred Income Fund 3 | .0520 | - | |||
| JPC | Preferred Income Opportunities Fund | .0633 | - | |||
|
Floating Rate: Corporate Loans |
||||||
| NSL | Senior Income Fund | .0455 | - | |||
| JFR | Floating Rate Income Fund | .0760 | .0025 | |||
| JRO | Floating Rate Income Opportunity Fund | .0800 | .0025 | |||
| JSD | Short Duration Credit Opportunities Fund | .1270 | .0025 | |||
| JQC | Credit Strategies Income Fund | .0667 | - | |||
|
Mortgage-Backed Securities |
||||||
| JLS | Mortgage Opportunity Term Fund | .1725 | - | |||
| JMT | Mortgage Opportunity Term Fund 2 | .1725 | - | |||
|
Taxable Municipal |
||||||
| NBB | Build America Bond Fund | .1085 | - | |||
| NBD | Build America Bond Opportunity Fund | .1065 | - | |||
The following dates apply to today's distribution declarations for the following MTP Shares:
| Record Date | September 14, 2012 | |
| Ex-Dividend Date | September 12, 2012 | |
| Payable Date | October 1, 2012 | |
|
Ticker |
MuniFund Term Preferred |
Monthly Tax-Free |
||
| NAD PrC | Nuveen Dividend Advantage Municipal Fund MTP | .022500 | ||
| NAN PrC | Nuveen New York Dividend Advantage Municipal Fund MTP | .022500 | ||
| NAN PrD | Nuveen New York Dividend Advantage Municipal Fund MTP | .020833 | ||
| NBJ PrA | Nuveen Ohio Dividend Advantage Municipal Fund 2 MTP | .019583 | ||
| NCU PrC | Nuveen California Premium Income Municipal Fund MTP | .016667 | ||
| NEA PrC | Nuveen Insured Tax-Free Advantage Municipal Fund MTP | .023750 | ||
| NFZ PrC | Nuveen Arizona Dividend Advantage Municipal Fund MTP | .017083 | ||
| NGX PrC | Nuveen Insured Mass. Tax-Free Advantage Municipal Fund MTP | .022083 | ||
| NKG PrC | Nuveen Georgia Dividend Advantage Municipal Fund 2 MTP | .022083 | ||
| NKG PrD | Nuveen Georgia Dividend Advantage Municipal Fund 2 MTP | .022083 | ||
| NKG PrE | Nuveen Georgia Dividend Advantage Municipal Fund 2 MTP | .022083 | ||
| NKR PrC | Nuveen Arizona Dividend Advantage Municipal Fund 2 MTP | .017083 | ||
| NMB PrC | Nuveen Massachusetts Dividend Advantage Municipal Fund MTP | .021667 | ||
| NMT PrC | Nuveen Massachusetts Premium Income Municipal Fund MTP | .022083 | ||
| NMT PrD | Nuveen Massachusetts Premium Income Municipal Fund MTP | .022917 | ||
| NMY PrC | Nuveen Maryland Premium Income Municipal Fund MTP | .022083 | ||
| NMY PrD | Nuveen Maryland Premium Income Municipal Fund MTP | .024167 | ||
| NNC PrC | Nuveen North Carolina Premium Income Municipal Fund MTP | .022083 | ||
| NNC PrD | Nuveen North Carolina Premium Income Municipal Fund MTP | .021667 | ||
| NNC PrE | Nuveen North Carolina Premium Income Municipal Fund MTP | .021667 | ||
| NNC PrF | Nuveen North Carolina Premium Income Municipal Fund MTP | .021667 | ||
| NNC PrG | Nuveen North Carolina Premium Income Municipal Fund MTP | .022083 | ||
| NOM PrC | Nuveen Missouri Premium Income Municipal Fund MTP | .017500 | ||
| NPV PrA | Nuveen Virginia Premium Income Municipal Fund MTP | .018750 | ||
| NPV PrC | Nuveen Virginia Premium Income Municipal Fund MTP | .022083 | ||
| NRK PrC | Nuveen Insured New York Tax Free Advantage Municipal Fund MTP | .021250 | ||
| NTC PrC | Nuveen Connecticut Premium Income Municipal Fund MTP | .022083 | ||
| NTC PrD | Nuveen Connecticut Premium Income Municipal Fund MTP | .021250 | ||
| NTC PrE | Nuveen Connecticut Premium Income Municipal Fund MTP | .021667 | ||
| NTC PrF | Nuveen Connecticut Premium Income Municipal Fund MTP | .021667 | ||
| NTC PrG | Nuveen Connecticut Premium Income Municipal Fund MTP | .022083 | ||
| NTX PrC | Nuveen Texas Quality Income Municipal Fund MTP | .019167 | ||
| NUJ PrC | Nuveen New Jersey Dividend Advantage Municipal Fund 2 MTP | .016667 | ||
| NVG PrC | Nuveen Insured Dividend Advantage Municipal Fund MTP | .024583 | ||
| NVJ PrA | Nuveen Ohio Dividend Advantage Municipal Fund 3 MTP | .019583 | ||
| NVX PrA | Nuveen California Dividend Advantage Municipal Fund 2 MTP | .019583 | ||
| NVX PrC | Nuveen California Dividend Advantage Municipal Fund 2 MTP | .017083 | ||
| NVY PrC | Nuveen Pennsylvania Dividend Advantage Municipal Fund 2 MTP | .017917 | ||
| NXE PrC | Nuveen Arizona Dividend Advantage Municipal Fund 3 MTP | .024167 | ||
| NXI PrC | Nuveen Ohio Dividend Advantage Municipal Fund MTP | .019583 | ||
| NXI PrD | Nuveen Ohio Dividend Advantage Municipal Fund MTP | .024583 | ||
| NXJ PrA | Nuveen New Jersey Dividend Advantage Municipal Fund MTP | .019167 | ||
| NXK PrC | Nuveen New York Dividend Advantage Municipal Fund 2 MTP | .021250 | ||
| NXM PrC | Nuveen Pennsylvania Dividend Advantage Municipal Fund MTP | .017500 | ||
| NZF PrC | Nuveen Dividend Advantage Municipal Fund 3 MTP | .023333 | ||
| NZH PrA | Nuveen California Dividend Advantage Municipal Fund 3 MTP | .019583 | ||
| NZH PrB | Nuveen California Dividend Advantage Municipal Fund 3 MTP | .018750 | ||
| NZH PrC | Nuveen California Dividend Advantage Municipal Fund 3 MTP | .024583 | ||
| NZW PrC | Nuveen Michigan Dividend Advantage Municipal Fund MTP | .019167 | ||
| NMY PrG | Nuveen Maryland Premium Income Municipal Fund MTP | .022083 | ||
| NMY PrE | Nuveen Maryland Premium Income Municipal Fund MTP | .021667 | ||
| NMY PrF | Nuveen Maryland Premium Income Municipal Fund MTP | .021667 | ||
| NMY PrH | Nuveen Maryland Premium Income Municipal Fund MTP | .023750 | ||
| NPV PrD | Nuveen Virginia Premium Income Municipal Fund MTP | .023333 | ||
| NPV PrE | Nuveen Virginia Premium Income Municipal Fund MTP | .023333 | ||
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 closed-end 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.
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, Symphony Asset Management, NWQ Investment Management Company, Santa Barbara Asset Management, Tradewinds Global Investors, Winslow Capital Management, and Gresham Investment Management. In total, Nuveen Investments managed approximately $212 billion as of June 30, 2012. 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.