Nuveen Closed-End Funds Declare Monthly Distributions
May 03 2010 - 5:44PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions and high-net-worth investors, today
announced that 109 Nuveen closed-end funds had 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. Also listed below
are the monthly distributions for MuniFund Term Preferred Shares
(MTP) issued by the funds.
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 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.
The following dates apply to today’s distribution
declarations:
Record Date May 15, 2010
Ex-Dividend Date May
12, 2010
Payable Date June 1, 2010
Monthly Tax-Free Distribution Per Share Change From Amount
Previous Month
Ticker
Closed-End Portfolios
NXP Select Portfolio $.0595 - NXQ Select Portfolio 2 .0555 - NXR
Select Portfolio 3 .0535 - NXC CA Select Portfolio .0555 - NXN NY
Select Portfolio .0510 -
Closed-End Funds
Non-Leveraged Funds
NUV Municipal Value .0390 - NUW Municipal Value 2 .0750 - NCA CA
Municipal Value .0380 - NNY NY Municipal Value .0355 - NMI
Municipal Income .0470 - NIM Select Maturities .0350 - NYV NY
Municipal Value 2 .0640 - NCB CA Municipal Value 2 .0690 - NJV NJ
Municipal Value .0640 - NPN PA Municipal Value .0650 -
Leveraged Funds
National
NPI Premium Income .0730 - NPP Performance Plus .0760 - NMA
Advantage .0810 - NMO Market Opportunity .0800 - NQM Investment
Quality .0750 - NQI Insured Quality .0710 - NQS Select Quality
.0820 - NQU Quality Income .0760 - NIO Insured Opportunity .0690 -
NPF Premier .0700 -
Change From
Amount Previous Month NIF Premier Insured .0740 - NPM
Premium Income 2 .0730 - NPT Premium Income 4 .0690 - NPX Insured
Premium 2 .0620 - NAD Dividend Advantage .0760 - NXZ Dividend
Advantage 2 .0800 - NZF Dividend Advantage 3 .0780 - NVG Insured
Dividend Advantage .0700 - NEA Insured Tax-Free Advantage .0680 -
NMZ High Income Opportunity Fund .0835 - NMD High Income
Opportunity Fund 2 .0800 - NEV Enhanced Municipal Value Fund .0760
-
California
NCP Performance Plus .0750 - NCO Market Opportunity .0750 - NQC
Investment Quality .0750 - NVC Select Quality .0790 - NUC Quality
Income .0800 - NPC Insured Premium Income .0690 - NCL Insured
Premium Income 2 .0720 - NCU Premium Income .0700 - NAC Dividend
Advantage .0720 - NVX Dividend Advantage 2 .0790 - NZH Dividend
Advantage 3 .0750 - NKL Insured Dividend Advantage .0750 - NKX
Insured Tax-Free Advantage .0660 -
New York
NNP Performance Plus .0680 - NQN Investment Quality .0635 - NVN
Select Quality .0650 - NUN Quality Income .0670 - NNF Insured
Premium Income .0620 - NAN Dividend Advantage .0655 - NXK Dividend
Advantage 2 .0665 - NKO Insured Dividend Advantage .0645 - NRK
Insured Tax-Free Advantage .0615 -
Other State Funds
NAZ AZ Premium Income .0590 - NFZ AZ Dividend Advantage .0590 - NKR
AZ Dividend Advantage 2 .0660 - NXE AZ Dividend Advantage 3 .0620 -
NTC CT Premium Income .0590 - NFC CT Dividend Advantage .0640 - NGK
CT Dividend Advantage 2 .0660 - NGO CT Dividend Advantage 3 .0600 -
NPG GA Premium Income .0590 - NZX GA Dividend Advantage .0640 - NKG
GA Dividend Advantage 2 .0600 -
Change From
Amount Previous Month NMY MD Premium Income .0620 - NFM MD
Dividend Advantage .0650 - NZR MD Dividend Advantage 2 .0660 - NWI
MD Dividend Advantage 3 .0630 - NMT MA Premium Income .0650 - NMB
MA Dividend Advantage .0690 - NGX Insured MA Tax-Free Advantage
.0630 - NUM MI Quality Income .0660 - NMP MI Premium Income .0650 -
NZW MI Dividend Advantage .0640 - NOM MO Premium Income .0590 - NQJ
NJ Investment Quality .0660 - NNJ NJ Premium Income .0660 - NXJ NJ
Dividend Advantage .0660 - NUJ NJ Dividend Advantage 2 .0680 - NNC
NC Premium Income .0620 - NRB NC Dividend Advantage .0700 - NNO NC
Dividend Advantage 2 .0680 - NII NC Dividend Advantage 3 .0660 -
NUO OH Quality Income .0740 - NXI OH Dividend Advantage .0700 - NBJ
OH Dividend Advantage 2 .0690 - NVJ OH Dividend Advantage 3 .0730 -
NQP PA Investment Quality .0710 - NPY PA Premium Income 2 .0690 -
NXM PA Dividend Advantage .0710 - NVY PA Dividend Advantage 2 .0730
- NTX TX Quality Income .0680 - NPV VA Premium Income .0670 - NGB
VA Dividend Advantage .0640 - NNB VA Dividend Advantage 2 .0660 -
Closed-End Funds:
Change From
Ticker
Taxable Funds
Amount Previous Month
Preferred Securities
JTP Quality Preferred Income Fund .0480 - JPS Quality Preferred
Income Fund 2 .0540 - JHP Quality Preferred Income Fund 3 .0510 -
Floating Rate: Corporate Loans
- NSL Senior Income Fund .0400 - JFR Floating Rate Income Fund
.0510 - JRO Floating Rate Income Opportunity Fund .0620 -
Floating Rate: Tax Advantaged
- JFP Tax-Advantaged Floating Rate Fund .0150 -
Mortgage-Backed Securities
JLS Mortgage Opportunity Term Fund .1725 -
Ticker
MuniFund Term Preferred
Monthly Tax-FreeDistribution
PerShare
NVG PrC Nuveen Insured Dividend Advantage Municipal Fund MTP
.024583 NGB PrC Nuveen Virginia Dividend Advantage Municipal Fund
MTP .023333 NNB PrC Nuveen Virginia Dividend Advantage Municipal
Fund 2 MTP .023333 NAN PrC Nuveen New York Dividend Advantage
Municipal Fund MTP .022500 NZH PrC Nuveen California Dividend
Advantage Municipal Fund 3 MTP .024583 NEA PrC Nuveen Insured
Tax-Free Advantage Municipal Fund MTP .023750 NKG PrC Nuveen
Georgia Dividend Advantage Municipal Fund 2 MTP .022083 NMT PrC
Nuveen Massachusetts Premium Income Municipal Fund MTP .022083 NMY
PrC Nuveen Maryland Premium Income Municipal Fund MTP .022083 NNC
PrC Nuveen North Carolina Premium Income Municipal Fund MTP .022083
NPV PrC Nuveen Virginia Premium Income Municipal Fund MTP .022083
NTC PrC Nuveen Connecticut Premium Income Municipal Fund MTP
.022083 NII PrC Nuveen North Carolina Dividend Advantage Municipal
Fund 3 MTP .022083 NGO PrC Nuveen Connecticut Dividend Advantage
Municipal Fund 3 MTP .022083 NGX PrC Nuveen Insured Mass. Tax-Free
Advantage Municipal Fund MTP .022083 NPG PrC Nuveen Georgia Premium
Income Municipal Fund MTP .022083 NZX PrC Nuveen Georgia Dividend
Advantage Municipal Fund MTP .022083 NWI PrC Nuveen Maryland
Dividend Advantage Municipal Fund 3 MTP .022083 NAD PrC Nuveen
Dividend Advantage Municipal Fund MTP .022500 NMB PrC Nuveen
Massachusetts Dividend Advantage Municipal Fund MTP .021667 NRB PrC
Nuveen North Carolina Dividend
Advantage Municipal Fund MTP
.021667 NNO PrC
Nuveen North Carolina Dividend
Advantage Municipal Fund 2 MTP
.021667 NFC PrC Nuveen Connecticut Dividend Advantage Municipal
Fund MTP .021667 NGK PrC Nuveen Connecticut Dividend Advantage
Municipal Fund 2 MTP .021667
Nuveen Investments provides high quality investment services
designed to help secure the long-term goals of institutions and
high net worth investors as well as the consultants and financial
advisors who serve them. Nuveen Investments markets its growing
range of specialized investment solutions under the high-quality
brands of HydePark, NWQ, Nuveen, Santa Barbara, Symphony,
Tradewinds, and Winslow Capital. In total, the Company managed
nearly $145 billion as of December 31, 2009. For more information,
please visit the Nuveen Investments website at www.nuveen.com.
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