NEW YORK--(BUSINESS WIRE)--Several Nuveen closed-end funds have declared 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.
Beginning on or about November 1, 2019, the Nuveen Closed-End Funds will be discontinuing the practice of announcing Fund distribution amounts and timing via press release. Instead, information about the Nuveen Closed-End Funds’ monthly and quarterly periodic distributions to shareholders will be posted and can be found on Nuveen’s enhanced closed-end fund resource page along with other Nuveen closed-end fund product updates. Shareholders can expect regular distribution information to be posted on www.nuveen.com on the first business day of each month. To ensure that our shareholders have timely access to the latest information, a subscribe function can be activated at this link here. The following dates apply to today's declarations:
The following dates apply to today's monthly distribution declarations for the following tax-exempt and taxable closed-end funds:
Record Date |
September 13, 2019 |
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Ex-Dividend Date |
September 12, 2019 |
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Payable Date |
October 1, 2019 |
Monthly Tax-Free Distribution Per Share |
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Change From |
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Ticker |
Exchange |
Fund Name |
Amount |
Previous Month |
National |
|
|
||
|
|
|
|
|
NXP |
NYSE |
Nuveen Select Tax-Free Income Portfolio |
$.0455 |
- |
NXQ |
NYSE |
Nuveen Select Tax-Free Income Portfolio 2 |
$.0420 |
- |
NXR |
NYSE |
Nuveen Select Tax-Free Income Portfolio 3 |
$.0435 |
- |
NUV |
NYSE |
Nuveen Municipal Value Fund, Inc. |
$.0310 |
- |
NUW |
NYSE |
Nuveen AMT-Free Municipal Value Fund |
$.0470 |
-$.0090 |
NMI |
NYSE |
Nuveen Municipal Income Fund, Inc. |
$.0360 |
- |
NIM |
NYSE |
Nuveen Select Maturities Municipal Fund |
$.0265 |
- |
NZF |
NYSE |
Nuveen Municipal Credit Income Fund |
$.0660 |
- |
NVG |
NYSE |
Nuveen AMT-Free Municipal Credit Income Fund |
$.0655 |
- |
NMZ |
NYSE |
Nuveen Municipal High Income Opportunity Fund |
$.0595 |
- |
NEV |
NYSE |
Nuveen Enhanced Municipal Value Fund |
$.0565 |
- |
NID |
NYSE |
Nuveen Intermediate Duration Municipal Term Fund |
$.0425 |
- |
NIQ |
NYSE |
Nuveen Intermediate Duration Quality Municipal Term Fund |
$.0315 |
- |
NHA |
NYSE |
Nuveen Municipal 2021 Target Term Fund |
$.0150 |
- |
NEA |
NYSE |
Nuveen AMT-Free Quality Municipal Income Fund |
$.0535 |
- |
NAD |
NYSE |
Nuveen Quality Municipal Income Fund |
$.0535 |
- |
|
|
California |
|
|
NAC |
NYSE |
Nuveen California Quality Municipal Income Fund |
$.0520 |
-$.0035 |
NKX |
NYSE |
Nuveen California AMT-Free Quality Municipal Income Fund |
$.0515 |
- |
NCA |
NYSE |
Nuveen California Municipal Value Fund, Inc. |
$.0285 |
- |
NXC |
NYSE |
Nuveen California Select Tax-Free Income Portfolio |
$.0437 |
- |
NCB |
NYSE |
Nuveen California Municipal Value Fund 2 |
$.0425 |
-$.0045 |
|
|
New York |
|
|
NRK |
NYSE |
Nuveen New York AMT-Free Quality Municipal Income Fund |
$.0450 |
- |
NAN |
NYSE |
Nuveen New York Quality Municipal Income Fund |
$.0480 |
- |
NXN |
NYSE |
Nuveen New York Select Tax-Free Income Portfolio |
$.0395 |
- |
NNY |
NYSE |
Nuveen New York Municipal Value Fund, Inc. |
$.0300 |
- |
NYV |
NYSE |
Nuveen New York Municipal Value Fund 2 |
$.0360 |
-$.0065 |
|
|
Other State Funds |
|
|
NAZ |
NYSE |
Nuveen Arizona Quality Municipal Income Fund |
$.0438 |
- |
NTC |
NYSE |
Nuveen Connecticut Quality Municipal Income Fund |
$.0410 |
- |
NKG |
NYSE |
Nuveen Georgia Quality Municipal Income Fund |
$.0370 |
- |
NMT |
NYSE |
Nuveen Massachusetts Quality Municipal Income Fund |
$.0410 |
- |
NMY |
NYSE |
Nuveen Maryland Quality Municipal Income Fund |
$.0440 |
- |
NUM |
NYSE |
Nuveen Michigan Quality Municipal Income Fund |
$.0445 |
- |
NMS |
NYSE |
Nuveen Minnesota Quality Municipal Income Fund |
$.0490 |
- |
NOM |
NYSE |
Nuveen Missouri Quality Municipal Income Fund |
$.0430 |
- |
NNC |
NYSE |
Nuveen North Carolina Quality Municipal Income Fund |
$.0390 |
- |
NXJ |
NYSE |
Nuveen New Jersey Quality Municipal Income Fund |
$.0545 |
- |
NJV |
NYSE |
Nuveen New Jersey Municipal Value Fund |
$.0410 |
-$.0040 |
NUO |
NYSE |
Nuveen Ohio Quality Municipal Income Fund |
$.0418 |
- |
NQP |
NYSE |
Nuveen Pennsylvania Quality Municipal Income Fund |
$.0505 |
- |
NPN |
NYSE |
Nuveen Pennsylvania Municipal Value Fund |
$.0380 |
-$.0025 |
NTX |
NYSE |
Nuveen Texas Quality Municipal Income Fund |
$.0445 |
- |
NPV |
NYSE |
Nuveen Virginia Quality Municipal Income Fund |
$.0435 |
- |
|
|
|
|
|
Monthly Taxable Distributions
Monthly Distribution Per Share |
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|
Change From |
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Ticker |
Exchange |
Fund Name |
Amount |
Previous Month |
Preferred and Income Securities |
|
|
||
JPC |
NYSE |
Nuveen Preferred & Income Opportunities Fund |
$.0610 |
- |
JPI |
NYSE |
Nuveen Preferred and Income Term Fund |
$.1355 |
- |
JPS |
NYSE |
Nuveen Preferred & Income Securities Fund |
$.0560 |
- |
JPT |
NYSE |
Nuveen Preferred and Income 2022 Term Fund |
$.1185 |
- |
|
|
Floating Rate |
|
|
NSL |
NYSE |
Nuveen Senior Income Fund |
$.0365 |
-$.0010 |
JFR |
NYSE |
Nuveen Floating Rate Income Fund |
$.0615 |
- |
JRO |
NYSE |
Nuveen Floating Rate Income Opportunity Fund |
$.0605 |
-$.0020 |
JSD |
NYSE |
Nuveen Short Duration Credit Opportunities Fund |
$.0965 |
-$.0070 |
|
|
Mortgage-Backed Securities |
|
|
JMM |
NYSE |
Nuveen Multi-Market Income Fund |
$.0300 |
- |
|
|
Taxable Municipals |
|
|
NBB |
NYSE |
Nuveen Taxable Municipal Income Fund |
$.0975 |
-$.0055 |
|
|
Emerging Markets Debt |
|
|
JEMD |
NYSE |
Nuveen Emerging Markets Debt 2022 Target Term Fund |
$.0375 |
- |
|
|
Global High Yield Debt |
|
|
JGH |
NYSE |
Nuveen Global High Income Fund |
$.1020 |
- |
|
|
Corporate High Yield Debt |
|
|
JHY |
NYSE |
Nuveen High Income 2020 Target Term Fund |
$.0263 |
-$.0087 |
JHD |
NYSE |
Nuveen High Income December 2019 Target Term Fund |
$.0325 |
- |
JHB |
NYSE |
Nuveen High Income November 2021 Target Term Fund |
$.0415 |
- |
JCO |
NYSE |
Nuveen Credit Opportunities 2022 Target Term Fund |
$.0470 |
- |
JHAA |
NYSE |
Nuveen High Income 2023 Target Term Fund |
$.0520 |
- |
|
|
|
|
|
Monthly Capital Return Plan Policy Distribution
JQC has adopted a capital return plan through which the fund will return to shareholders 20 percent of the fund’s common assets, over a period of three years ending on December 31, 2021, through supplemental amounts included in the fund’s regular monthly distribution. Distribution sources will include net investment income and return of capital and may include realized gains. The fund will provide 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.
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 capital return distribution declaration for the following closed-end fund:
Record Date |
September 13, 2019 |
||
Ex-Dividend Date |
September 12, 2019 |
||
Payable Date |
October 1, 2019 |
|
Monthly Distribution Per Share |
|||
|
Change From |
|||
Ticker |
Exchange |
Fund Name |
Amount |
Previous Month |
Floating Rate |
|
|
||
JQC |
NYSE |
Nuveen Credit Strategies Income Fund |
$.1035 |
- |
Monthly Cash-Flow Based Distributions
Each of the three taxable funds listed immediately below have adopted a cash-flow based distribution program. Historical distribution sources have included 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.
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 |
September 13, 2019 |
||
Ex-Dividend Date |
September 12, 2019 |
||
Payable Date |
October 1, 2019 |
Monthly Distribution Per Share |
||||
|
Change From |
|||
Ticker |
Exchange |
Fund Name |
Amount |
Previous Month |
Mortgage-Backed Securities |
|
|
||
JLS |
NYSE |
Nuveen Mortgage Opportunity Term Fund |
$.1135 |
- |
JMT |
NYSE |
Nuveen Mortgage Opportunity Term Fund 2 |
$.1125 |
- |
Real Assets |
|
|
||
JRI |
NYSE |
Nuveen Real Asset Income and Growth Fund |
$.1060 |
- |
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, historical distribution sources have included 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 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 three 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.
Record Date |
September 13, 2019 |
||
Ex-Dividend Date |
September 12, 2019 |
||
Payable Date |
October 1, 2019 |
Quarterly Distribution Per Share |
||||
|
Change From |
|||
Ticker |
Exchange |
Fund Name |
Amount |
Previous Quarter |
Hybrid Equity |
|
|
||
JTA |
NYSE |
Nuveen Tax-Advantaged Total Return Strategy Fund |
$.2400 |
- |
JTD |
NYSE |
Nuveen Tax-Advantaged Dividend Growth Fund |
$.3100 |
- |
Multi-Strategy |
|
|
||
JDD |
NYSE |
Nuveen Diversified Dividend and Income Fund |
$.2175 |
- |
For more information, please visit Nuveen’s CEF homepage www.nuveen.com/closed-end-funds.
About Nuveen
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has over $1 trillion in assets under management as of 30 June 2019 and operations in 23 countries. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com.
Nuveen Securities, LLC, member FINRA and SIPC.
EPS-941807PR-E0919