CHICAGO--(BUSINESS WIRE)--Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that 73 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 | November 14, 2014 | |
| Ex-Dividend Date | November 12, 2014 | |
| Payable Date | December 1, 2014 | |
| Reinvest Date | December 1, 2014 | |
| Monthly Tax-Free Distribution Per Share | ||||||
| Change From | ||||||
|
Ticker |
Fund Name |
Amount | Previous Month | |||
|
NXP |
Select Portfolio | $.0525 | - | |||
| NXQ | Select Portfolio 2 | $.0485 | - | |||
| NXR | Select Portfolio 3 | $.0505 | - | |||
| NUV | Municipal Value | $.0345 | - | |||
| NUW | Municipal Value 2 | $.0670 | - | |||
| NMI | Municipal Income | $.0425 | - | |||
| NIM | Select Maturities | $.0285 | - | |||
|
Leveraged Funds |
||||||
|
National |
||||||
| NPI | Premium Income | $.0685 | - | |||
| NPP | Performance Plus | $.0770 | - | |||
| NMA | Advantage | $.0670 | - | |||
| NMO | Market Opportunity | $.0670 | - | |||
| NQI | Quality Municipal | $.0550 | - | |||
| NQS | Select Quality | $.0665 | - | |||
| NQU | Quality Income | $.0685 | - | |||
| NIO | Municipal Opportunity | $.0730 | - | |||
| NPF | Premier | $.0720 | - | |||
| NPM | Premium Income 2 | $.0720 | - | |||
| NPT | Premium Income 4 | $.0680 | - | |||
| NAD | Dividend Advantage | $.0740 | - | |||
| NEA | AMT-Free Municipal Income | $.0685 | - | |||
| NXZ | Dividend Advantage 2 | $.0715 | - | |||
| NZF | Dividend Advantage 3 | $.0625 | - | |||
| NVG | Dividend Advantage Municipal | $.0610 | - | |||
| NMZ | High Income Opportunity Fund | $.0760 | - | |||
| NEV | Enhanced Municipal Value Fund | $.0800 | - | |||
| NID | Int. Duration Municipal Term Fund | $.0570 | - | |||
| NIQ | Int. Duration Quality Municipal Term Fund | $.0495 | - | |||
|
California |
||||||
| NAC | Dividend Advantage | $.0800 | - | |||
| NKX | CA AMT-Free Municipal Income | $.0700 | - | |||
| NCA | CA Municipal Value | $.0390 | - | |||
| NVX | Dividend Advantage 2 | $.0700 | - | |||
| NZH | Dividend Advantage 3 | $.0670 | - | |||
| NXC | CA Select Portfolio | $.0570 | - | |||
| NCB | CA Municipal Value 2 | $.0650 | - | |||
|
New York |
||||||
| NRK | AMT-Free Municipal Income | $.0650 | - | |||
| NNP | Performance Plus | $.0710 | - | |||
| NAN | Dividend Advantage | $.0630 | - | |||
| NXK | Dividend Advantage 2 | $.0550 | - | |||
| NXN | NY Select Portfolio | $.0460 | - | |||
| NNY | NY Municipal Value | $.0325 | - | |||
| NYV | NY Municipal Value 2 | $.0525 | - | |||
|
Other State Funds |
||||||
| NAZ | AZ Premium Income | $.0665 | - | |||
| NTC | CT Premium Income | $.0570 | - | |||
| NKG | GA Dividend Advantage 2 | $.0535 | - | |||
| NMT | MA Premium Income | $.0555 | - | |||
| NMY | MD Premium Income | $.0555 | - | |||
| NUM | MI Quality Income | $.0705 | - | |||
| NOM | MO Premium Income | $.0610 | - | |||
| NNC | NC Premium Income | $.0530 | - | |||
| NJV | NJ Municipal Value | $.0500 | - | |||
| NUO | OH Quality Income | $.0740 | - | |||
| NQP | PA Investment Quality | $.0690 | - | |||
| NPN | PA Municipal Value | $.0530 | - | |||
| NTX | TX Quality Income | $.0545 | - | |||
| NPV | VA Premium 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 | $.0520 | - | |||
| JPS | Quality Preferred Income Fund 2 | $.0550 | - | |||
| JHP | Quality Preferred Income Fund 3 | $.0520 | - | |||
| JPC | Preferred Income Opportunities Fund | $.0633 | - | |||
| JPI | Preferred and Income Term Fund | $.1580 | - | |||
| JPW | Nuveen Flexible Investment Income Fund | $.1260 | - | |||
|
Floating Rate: Corporate Loans |
||||||
| NSL | Senior Income Fund | $.0350 | - | |||
| JFR | Floating Rate Income Fund | $.0600 | - | |||
| JRO | Floating Rate Income Opportunity Fund | $.0630 | - | |||
| JSD | Short Duration Credit Opportunities Fund | $.0970 | - | |||
| JQC | Credit Strategies Income Fund | $.0435 | - | |||
|
Mortgage-Backed Securities |
||||||
| JLS | Mortgage Opportunity Term Fund | $.1265 | - | |||
| JMT | Mortgage Opportunity Term Fund 2 | $.1275 | - | |||
| JMM | Multi-Market Income Fund | $.0400 | - | |||
|
Taxable Municipal |
||||||
| NBB | Build America Bond Fund | $.1160 | - | |||
| NBD | Build America Bond Opportunity Fund | $.1140 | - | |||
|
Real Assets |
||||||
| JRI | Real Asset Income and Growth | $.1345 | - | |||
| DRA | Diversified Real Asset Income Fund | $.1085 | - | |||
The following dates apply to today's distribution declarations for the following MTP Shares:
| Record Date | November 14, 2014 | |||
| Ex-Dividend Date | November 12, 2014 | |||
| Payable Date | December 1, 2014 | |||
|
Ticker |
MuniFund Term Preferred |
Monthly Tax-Free Distribution Per Share |
||
| NOM PrC | Nuveen Missouri Premium Income Municipal Fund MTP | .017500 | ||
| NTX PrC | Nuveen Texas Quality Income Municipal Fund MTP | .019167 | ||
| NKX PrC | Nuveen California AMT-Free Municipal Income Fund MTP | .016667 | ||
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 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 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, 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 are 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 $231 billion as of June 30, 2014. 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.
