UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
Filed by the Registrant
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Filed by a Party other than the Registrant
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Check the appropriate box:
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Preliminary Proxy Statement.
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Confidential, for Use of the Commission Only (as permitted by
Rule 14a-
6(e)(2)
)
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Definitive Proxy Statement.
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Definitive Additional Materials.
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Soliciting Material Pursuant to §240.14a-11(c) or §240.14a-12
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Nuveen New York Select Quality Municipal Fund, Inc. (NVN)
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (check the appropriate box):
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No fee required.
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Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
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Title of each class of securities to which transaction applies:
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Aggregate number of securities to which transaction applies:
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Per unit price or other underlying value of transaction computed pursuant to Exchange Act
Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was
determined):
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Proposed maximum aggregate value of transaction:
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Total fee paid:
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Fee paid previously with preliminary materials.
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2)
and identify the filing for which the offsetting fee was paid previously. Identify the
previous filing by registration statement number, or the Form or Schedule and the date of its
filing.
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1)
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Amount Previously Paid:
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Form, Schedule or Registration Statement No.:
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Filing Party:
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Date Filed:
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333 West Wacker
Drive
Chicago, Illinois 60606
(800) 257-8787
Notice
of Annual Meeting
of Shareholders
May 6, 2011
March
30, 2011
Nuveen
New York Dividend Advantage Municipal Fund (NAN, NAN PrD,
NAN PrC)
Nuveen
New York Dividend Advantage Municipal Fund 2 (NXK, NXK
PrC)
Nuveen
New York Investment Quality Municipal Fund, Inc. (NQN)
Nuveen
New York Municipal Value Fund, Inc. (NNY)
Nuveen
New York Municipal Value Fund 2 (NYV)
Nuveen
New York Performance Plus Municipal Fund, Inc. (NNP)
Nuveen
New York Quality Income Municipal Fund, Inc. (NUN)
Nuveen
New York Select Quality Municipal Fund, Inc. (NVN)
Nuveen
Insured New York Dividend Advantage Municipal Fund
(NKO)
Nuveen
Insured New York Premium Income Municipal Fund, Inc.
(NNF)
Nuveen
Insured New York Tax-Free Advantage Municipal Fund (NRK, NRK
PrC)
Nuveen
Core Equity Alpha Fund (JCE)
Nuveen
Real Estate Income Fund (JRS)
Nuveen
Diversified Dividend and Income Fund (JDD)
Nuveen
Equity Premium and Growth Fund (JPG)
Nuveen
Equity Premium Advantage Fund (JLA)
Nuveen
Equity Premium Income Fund (JPZ)
Nuveen
Equity Premium Opportunity Fund (JSN)
Nuveen
Quality Preferred Income Fund (JTP)
Nuveen
Quality Preferred Income Fund 2 (JPS)
Nuveen
Quality Preferred Income Fund 3 (JHP)
Nuveen
Tax-Advantaged Total Return Strategy Fund (JTA)
Nuveen
Tax-Advantaged Dividend Growth Fund (JTD)
Nuveen
Global Government Enhanced Income Fund (JGG)
Nuveen
Global Value Opportunities Fund (JGV)
Nuveen
Mortgage Opportunity Term Fund (JLS)
Nuveen
Mortgage Opportunity Term Fund 2 (JMT)
Nuveen
Multi-Currency Short-Term Government Income Fund (JGT)
Nuveen
Multi-Strategy Income and Growth Fund (JPC)
Nuveen
Multi-Strategy Income and Growth Fund 2 (JQC)
Dow
30
SM
Premium & Dividend Income Fund Inc. (DPD)
Global
Income & Currency Fund Inc. (GCF)
NASDAQ
Premium Income & Growth Fund Inc.
(QQQX)
Dow
30
SM
Enhanced Premium & Income Fund Inc. (DPO)
MLP &
Strategic Equity Fund Inc. (MTP)
To the
Shareholders of the Above Funds:
Notice is hereby given that the Annual Meeting of Shareholders
of each of Nuveen New York Dividend Advantage Municipal Fund
(New York Dividend), Nuveen New York Dividend
Advantage Municipal Fund 2 (New York Dividend
2), Nuveen New York Municipal Value Fund 2 (New
York Value 2), Nuveen Insured New York Dividend Advantage
Municipal Fund (Insured New York Dividend), Nuveen
Insured New York Tax-Free Advantage Municipal Fund
(Insured New York Tax-Free), Nuveen Core Equity
Alpha Fund (Core Equity), Nuveen Real Estate Income
Fund (Real Estate), Nuveen Diversified Dividend and
Income Fund (Diversified Dividend), Nuveen Equity
Premium and Growth Fund (Equity Premium), Nuveen
Equity Premium Advantage Fund (Equity Premium
Advantage), Nuveen Equity Premium Income Fund
(Equity Premium Income), Nuveen Equity Premium
Opportunity Fund (Equity Premium Opportunity),
Nuveen Quality Preferred Income Fund (Quality
Preferred), Nuveen Quality Preferred Income Fund 2
(Quality Preferred 2), Nuveen Quality Preferred
Income Fund 3 (Quality Preferred 3), Nuveen
Tax-Advantaged Total Return Strategy Fund
(Tax-Advantaged), Nuveen Tax-Advantaged Dividend
Growth Fund (Tax-Advantaged Dividend), Nuveen Global
Government Enhanced Income Fund (Global Government),
Nuveen Global Value Opportunities Fund (Global
Value), Nuveen Mortgage Opportunity Term Fund
(Mortgage Opportunity), Nuveen Mortgage Opportunity
Term Fund 2 (Mortgage Opportunity 2), Nuveen
Multi-Currency Short-Term Government Income Fund
(Multi-Currency), Nuveen Multi-Strategy Income and
Growth Fund (Multi-Strategy) and Nuveen
Multi-Strategy Income and Growth Fund 2
(Multi-Strategy 2), each a
Massachusetts Business
Trust
, Nuveen New York Investment Quality Municipal Fund,
Inc. (New York Investment Quality), Nuveen New York
Municipal Value Fund, Inc. (New York Value), Nuveen
New York Performance Plus Municipal Fund, Inc. (New York
Performance Plus), Nuveen New York Quality Income
Municipal Fund, Inc. (New York Quality), Nuveen New
York Select Quality Municipal Fund, Inc. (New York
Select) and Nuveen Insured New York Premium Income
Municipal Fund, Inc. (Insured New York Premium),
each a
Minnesota Corporation
, and Dow
30
sm
Premium & Dividend Income Fund Inc. (Dow 30
Premium), Global Income & Currency
Fund Inc. (Global Income), NASDAQ Premium
Income & Growth Fund Inc. (NASDAQ
Premium), Dow
30
sm
Enhanced Premium & Income Fund Inc. (Dow 30
Enhanced) and MLP & Strategic Equity
Fund Inc. (MLP & Strategic Equity),
each a
Maryland Corporation
, (individually, a
Fund and collectively, the Funds), will
be held in the 31st Floor Conference Room of Nuveen
Investments, 333 West Wacker Drive, Chicago, Illinois, on
Friday, May 6, 2011, at 10:00 a.m., Central time (for
each Fund, an Annual Meeting), for the following
purposes and to transact such other business, if any, as may
properly come before the Annual Meeting.
Matters
to Be Voted on by Shareholders:
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1.
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To elect Members to the Board of Directors/Trustees (each a
Board and each Director or Trustee a Board
Member) of each Fund as outlined below:
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a.
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For Insured New York Dividend, New York Dividend, New York
Dividend 2 and Insured New York Tax-Free, to elect five
(5) Board Members.
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i)
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three (3) Class II Board Members to be elected by the
holders of Common Shares and Variable Rate Demand Preferred
Shares for Insured New York Dividend and Municipal
Fund Term Preferred Shares for New York Dividend, New York
Dividend 2 and Insured New York Tax-Free (collectively,
Preferred Shares), voting together as a single
class; and
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ii)
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two (2) Board Members to be elected by the holders of
Preferred Shares only, voting separately as a single class.
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b.
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For New York Value 2, Core Equity, Equity Premium, Equity
Premium Advantage, Equity Premium Income, Equity Premium
Opportunity, Tax-Advantaged Dividend, Global Government, Global
Value, Multi-Currency, Quality Preferred, Quality Preferred 2,
Quality Preferred 3, Real Estate, Diversified Dividend,
Tax-Advantaged, Mortgage Opportunity, Mortgage Opportunity 2,
Multi-Strategy and Multi-Strategy 2, to elect three
(3) Class II Board Members.
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c.
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For Insured New York Premium, New York Performance Plus, New
York Investment Quality, New York Quality and New York Select,
to elect ten (10) Board Members.
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i)
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eight (8) Board Members to be elected by the holders of
Common Shares and Variable Rate Demand Preferred Shares for New
York Performance Plus, New York Investment Quality, New York
Quality and New York Select and Municipal Auction Rate
Cumulative Preferred Shares for New York Premium (also referred
to, collectively, as Preferred Shares), voting
together as a single class; and
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ii)
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two (2) Board Members to be elected by the holders of
Preferred Shares only, voting separately as a single class.
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d.
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For New York Value, to elect three (3) Class II Board
Members.
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e.
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For Dow 30 Premium, Global Income, NASDAQ Premium, Dow 30
Enhanced and MLP & Strategic Equity, to elect ten
(10) Board Members.
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2.
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To transact such other business as may properly come before the
Annual Meeting.
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Shareholders of record at the close of business on March 9,
2011 are entitled to notice of and to vote at the Annual Meeting.
All shareholders are cordially invited to attend the Annual
Meeting. In order to avoid delay and additional expense and to
assure that your shares are represented, please vote as promptly
as possible, regardless of whether or not you plan to attend the
Annual Meeting. You may vote by mail, telephone or over the
Internet. To vote by mail, please mark, sign, date and mail the
enclosed proxy card. No postage is required if mailed in the
United States. To vote by telephone, please call the toll-free
number located on your proxy card and follow the recorded
instructions, using your proxy card as a guide. To vote over the
Internet, go to the Internet address provided on your proxy card
and follow the instructions, using your proxy card as a
guide.
Kevin J. McCarthy
Vice President and Secretary
333 West Wacker
Drive Chicago, Illinois 60606
(800) 257-8787
Joint
Proxy Statement
March 30,
2011
This Joint Proxy Statement is first being mailed to shareholders
on or
about March 30, 2011.
Nuveen
New York Dividend Advantage Municipal Fund (NAN, NAN PrD,
NAN PrC)
Nuveen
New York Dividend Advantage Municipal Fund 2 (NXK, NXK
PrC)
Nuveen
New York Investment Quality Municipal Fund, Inc. (NQN)
Nuveen
New York Municipal Value Fund, Inc. (NNY)
Nuveen
New York Municipal Value Fund 2 (NYV)
Nuveen
New York Performance Plus Municipal Fund, Inc. (NNP)
Nuveen
New York Quality Income Municipal Fund, Inc. (NUN)
Nuveen
New York Select Quality Municipal Fund, Inc. (NVN)
Nuveen
Insured New York Dividend Advantage Municipal Fund
(NKO)
Nuveen
Insured New York Premium Income Municipal Fund, Inc.
(NNF)
Nuveen
Insured New York Tax-Free Advantage Municipal Fund (NRK, NRK
PrC)
Nuveen
Core Equity Alpha Fund (JCE)
Nuveen
Real Estate Income Fund (JRS)
Nuveen
Diversified Dividend and Income Fund (JDD)
Nuveen
Equity Premium and Growth Fund (JPG)
Nuveen
Equity Premium Advantage Fund (JLA)
Nuveen
Equity Premium Income Fund (JPZ)
Nuveen
Equity Premium Opportunity Fund (JSN)
Nuveen
Quality Preferred Income Fund (JTP)
Nuveen
Quality Preferred Income Fund 2 (JPS)
Nuveen
Quality Preferred Income Fund 3 (JHP)
Nuveen
Tax-Advantaged Total Return Strategy Fund (JTA)
Nuveen
Tax-Advantaged Dividend Growth Fund (JTD)
Nuveen
Global Government Enhanced Income Fund (JGG)
Nuveen
Global Value Opportunities Fund (JGV)
Nuveen
Mortgage Opportunity Term Fund (JLS)
Nuveen
Mortgage Opportunity Term Fund 2 (JMT)
Nuveen
Multi-Currency Short-Term Government Income Fund (JGT)
Nuveen
Multi-Strategy Income and Growth Fund (JPC)
Nuveen
Multi-Strategy Income and Growth Fund 2 (JQC)
Dow
30
SM
Premium & Dividend Income Fund Inc. (DPD)
Global
Income & Currency Fund Inc. (GCF)
NASDAQ
Premium Income & Growth Fund Inc.
(QQQX)
Dow
30
SM
Enhanced Premium & Income Fund Inc. (DPO)
MLP &
Strategic Equity Fund Inc. (MTP)
1
General
Information
This Joint Proxy Statement is furnished in connection with the
solicitation by the Board of Directors or Trustees (each a
Board and collectively, the Boards, and
each Director or Trustee a Board Member and
collectively, the Board Members) of each of Nuveen
New York Dividend Advantage Municipal Fund (New York
Dividend), Nuveen New York Dividend Advantage Municipal
Fund 2 (New York Dividend 2), Nuveen New York
Municipal Value Fund 2 (New York Value 2),
Nuveen Insured New York Dividend Advantage Municipal Fund
(Insured New York Dividend), Nuveen Insured New York
Tax-Free Advantage Municipal Fund (Insured New York
Tax-Free), Nuveen Core Equity Alpha Fund (Core
Equity), Nuveen Real Estate Income Fund (Real
Estate), Nuveen Diversified Dividend and Income Fund
(Diversified Dividend), Nuveen Equity Premium and
Growth Fund (Equity Premium), Nuveen Equity Premium
Advantage Fund (Equity Premium Advantage), Nuveen
Equity Premium Income Fund (Equity Premium Income),
Nuveen Equity Premium Opportunity Fund (Equity Premium
Opportunity), Nuveen Quality Preferred Income Fund
(Quality Preferred), Nuveen Quality Preferred Income
Fund 2 (Quality Preferred 2), Nuveen Quality
Preferred Income Fund 3 (Quality Preferred 3),
Nuveen Tax-Advantaged Total Return Strategy Fund
(Tax-Advantaged), Nuveen Tax-Advantaged Dividend
Growth Fund (Tax-Advantaged Dividend), Nuveen Global
Government Enhanced Income Fund (Global Government),
Nuveen Global Value Opportunities Fund (Global
Value), Nuveen Mortgage Opportunity Term Fund
(Mortgage Opportunity), Nuveen Mortgage Opportunity
Term Fund 2 (Mortgage Opportunity 2), Nuveen
Multi-Currency Short-Term Government Income Fund
(Multi-Currency), Nuveen Multi-Strategy Income and
Growth Fund (Multi-Strategy) and Nuveen
Multi-Strategy Income and Growth Fund 2
(Multi-Strategy 2), each a
Massachusetts Business
Trust
, Nuveen New York Investment Quality Municipal Fund,
Inc. (New York Investment Quality), Nuveen New York
Municipal Value Fund, Inc. (New York Value), Nuveen
New York Performance Plus Municipal Fund, Inc. (New York
Performance Plus), Nuveen New York Quality Income
Municipal Fund, Inc. (New York Quality), Nuveen New
York Select Quality Municipal Fund, Inc. (New York
Select) and Nuveen Insured New York Premium Income
Municipal Fund, Inc. (Insured New York Premium),
each a
Minnesota Corporation
, and Dow
30
sm
Premium & Dividend Income Fund Inc. (Dow 30
Premium), Global Income & Currency
Fund Inc. (Global Income), NASDAQ Premium
Income & Growth Fund Inc. (NASDAQ
Premium), Dow
30
sm
Enhanced Premium & Income Fund Inc. (Dow 30
Enhanced) and MLP & Strategic Equity
Fund Inc. (MLP & Strategic Equity),
each a
Maryland Corporation
, (individually, a
Fund and collectively, the Funds), of
proxies to be voted at the Annual Meeting of Shareholders to be
held in the 31st Floor Conference Room of Nuveen
Investments, 333 West Wacker Drive, Chicago, Illinois, on
Friday, May 6, 2011, at 10:00 a.m., Central time (for
each Fund, an Annual Meeting and collectively, the
Annual Meetings), and at any and all adjournments
thereof.
On the matters coming before each Annual Meeting as to which a
choice has been specified by shareholders on the proxy, the
shares will be voted accordingly. If a properly executed proxy
is returned and no choice is specified, the shares will be voted
FOR the election of the nominees as listed in this Joint Proxy
Statement. Shareholders of a Fund who execute proxies may revoke
them at any time before they are voted by filing with that Fund
a written notice of revocation, by delivering a duly executed
proxy bearing a later date, or by attending the Annual Meeting
and voting in person. Merely attending the Annual Meeting,
however, will not revoke any previously submitted proxy.
2
The Board of each Fund has determined that the use of this Joint
Proxy Statement for each Annual Meeting is in the best interest
of each Fund and its shareholders in light of the similar
matters being considered and voted on by the shareholders.
The following table indicates which shareholders are solicited
with respect to each matter:
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Matter
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Common Shares
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Preferred
Shares
(1)
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1(a)(i)
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For Insured New York Dividend, New York Dividend, New York
Dividend 2 and Insured New York Tax-Free, election of three
(3) Class II Board Members by all shareholders.
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X
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X
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1(a)(ii)
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For Insured New York Dividend, New York Dividend, New York
Dividend 2 and Insured New York Tax-Free, election of two
(2) Board Members by Preferred Shares only.
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X
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1(b)
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For New York Value 2, Core Equity, Equity Premium, Equity
Premium Opportunity, Equity Premium Advantage, Equity Premium
Income, Tax-Advantaged Dividend, Global Government, Global
Value, Multi-Currency, Quality Preferred, Quality Preferred 2,
Quality Preferred 3, Real Estate, Diversified Dividend,
Tax-Advantaged, Mortgage Opportunity, Mortgage Opportunity 2,
Multi-Strategy and Multi-Strategy 2, election of three (3)
Class II Board Members by all shareholders.
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X
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N/A
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1(c)(i)
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For Insured New York Premium, New York Performance Plus, New
York Investment Quality, New York Quality and New York Select,
election of eight (8) Board Members by all shareholders.
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X
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X
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1(c)(ii)
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For Insured New York Premium, New York Performance Plus, New
York Investment Quality, New York Quality and New York Select,
election of two (2) Board Members by Preferred Shares only.
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X
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1(d)
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For New York Value, election of three (3) Class II Board
Members by all shareholders.
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X
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N/A
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1(e)
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For Dow 30 Premium, Global Income, NASDAQ Premium, Dow 30
Enhanced and MLP & Strategic Equity, election of ten (10)
Board Members by all shareholders.
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X
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N/A
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(1)
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Variable Rate Demand Preferred Shares for Insured New York
Dividend, New York Performance Plus, New York Investment
Quality, New York Quality and New York Select, Municipal
Fund Term Preferred Shares for New York Dividend, New York
Dividend 2 and Insured New York Tax-Free, and Municipal Auction
Rate Cumulative Preferred Shares for New York Premium are
collectively referred to as Preferred Shares.
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A quorum of shareholders is required to take action at each
Annual Meeting. A majority of the shares entitled to vote at
each Annual Meeting, represented in person or by proxy, will
constitute a quorum of shareholders at that Annual Meeting,
except that for the election of the two Board Member nominees by
holders of Preferred Shares (with the exception of New York
Value, New
3
York Value 2, Core Equity, Equity Premium, Equity Premium
Opportunity, Equity Premium Advantage, Equity Premium Income,
Global Government, Global Value, Multi-Currency, Tax-Advantaged
Dividend, Quality Preferred, Quality Preferred 2, Quality
Preferred 3, Real Estate, Diversified Dividend, Tax-Advantaged,
Mortgage Opportunity, Mortgage Opportunity 2, Multi-Strategy,
Multi-Strategy 2, Dow 30 Premium, Global Income, NASDAQ Premium,
Dow 30 Enhanced and MLP & Strategic Equity),
33
1
/
3
%
of the Preferred Shares entitled to vote and represented in
person or by proxy will constitute a quorum. Votes cast by proxy
or in person at each Annual Meeting will be tabulated by the
inspectors of election appointed for that Annual Meeting. The
inspectors of election will determine whether or not a quorum is
present at the Annual Meeting. The inspectors of election will
treat abstentions and broker non-votes (i.e., shares
held by brokers or nominees, typically in street
name, as to which (i) instructions have not been
received from the beneficial owners or persons entitled to vote
and (ii) the broker or nominee does not have discretionary
voting power on a particular matter) as present for purposes of
determining a quorum.
For each Fund, except for Dow 30 Premium, Global Income, NASDAQ
Premium, Dow 30 Enhanced and MLP & Strategic Equity,
the affirmative vote of a plurality of the shares present and
entitled to vote at the Annual Meeting will be required to elect
the Board Members of that Fund. For each of Dow 30 Premium,
Global Income, NASDAQ Premium, Dow 30 Enhanced and
MLP & Strategic Equity, the affirmative vote of a
majority of the shares outstanding and entitled to vote at the
Annual Meeting will be required to elect the Board Members of
that Fund. For purposes of determining the approval of the
proposal to elect nominees for each Fund, abstentions and broker
non-votes will have no effect on the election of Board Members.
Preferred Shares held in street name as to which
voting instructions have not been received from the beneficial
owners or persons entitled to vote as of one business day before
the Annual Meeting, or, if adjourned, one business day before
the day to which the Annual Meeting is adjourned, and that would
otherwise be treated as broker non-votes may,
pursuant to Rule 452 of the New York Stock Exchange, be
voted by the broker on the proposal in the same proportion as
the votes cast by all holders of Preferred Shares as a class who
have voted on the proposal or in the same proportion as the
votes cast by all holders of Preferred Shares of the Fund who
have voted on that item. Rule 452 permits proportionate
voting of Preferred Shares with respect to a particular item if,
among other things, (i) a minimum of 30% of the Preferred
Shares or shares of a series of Preferred Shares outstanding has
been voted by the holders of such shares with respect to such
item and (ii) less than 10% of the Preferred Shares or
shares of a series of Preferred Shares outstanding has been
voted by the holders of such shares against such item. For the
purpose of meeting the 30% test, abstentions will be treated as
shares voted and, for the purpose of meeting the 10%
test, abstentions will not be treated as shares
voted against the item.
Those persons who were shareholders of record at the close of
business on Wednesday, March 9, 2011 will be entitled to
one vote for each share held and a proportionate fractional vote
for each fractional vote held. As of March 9, 2011, the
shares of the Funds were issued and outstanding as follows:
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Fund
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Ticker
Symbol
(1)
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Common Shares
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Preferred
Shares
(2)
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New York Dividend
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NAN
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9,265,330
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Series 2015
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3,000,000
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Series 2016
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2,586,000
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New York Dividend 2
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NXK
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6,488,516
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Series 2015
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3,789,000
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4
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Fund
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Ticker
Symbol
(1)
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Common Shares
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Preferred
Shares
(2)
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New York Investment Quality
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NQN
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17,518,033
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Series 1
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1,123
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New York Value
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NNY
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15,168,676
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N/A
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New York Value 2
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NYV
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2,347,000
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N/A
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New York Performance Plus
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NNP
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15,039,571
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Series 1
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|
890
|
|
|
|
New York Quality
|
|
NUN
|
|
|
23,752,339
|
|
|
Series 1
|
|
|
1,617
|
|
|
|
New York Select
|
|
NVN
|
|
|
23,198,402
|
|
|
Series 1
|
|
|
1,648
|
|
|
|
Insured New York Dividend
|
|
NKO
|
|
|
7,937,131
|
|
|
Series 2
|
|
|
500
|
|
|
|
Insured New York Premium
|
|
NNF
|
|
|
8,243,515
|
|
|
Series M
|
|
|
1,022
|
|
|
|
|
|
|
|
|
|
Series T
|
|
|
992
|
|
|
|
Insured New York Tax-Free
|
|
NRK
|
|
|
3,506,560
|
|
|
Series 2015
|
|
|
2,768,000
|
|
|
|
Core Equity
|
|
JCE
|
|
|
16,026,686
|
|
|
N/A
|
|
|
|
|
|
|
Real Estate
|
|
JRS
|
|
|
28,536,094
|
|
|
N/A
|
|
|
|
|
|
|
Diversified Dividend
|
|
JDD
|
|
|
19,962,818
|
|
|
N/A
|
|
|
|
|
|
|
Equity Premium
|
|
JPG
|
|
|
16,311,642
|
|
|
N/A
|
|
|
|
|
|
|
Equity Premium Advantage
|
|
JLA
|
|
|
25,874,000
|
|
|
N/A
|
|
|
|
|
|
|
Equity Premium Income
|
|
JPZ
|
|
|
38,661,011
|
|
|
N/A
|
|
|
|
|
|
|
Equity Premium Opportunity
|
|
JSN
|
|
|
66,559,044
|
|
|
N/A
|
|
|
|
|
|
|
Quality Preferred
|
|
JTP
|
|
|
64,632,294
|
|
|
N/A
|
|
|
|
|
|
|
Quality Preferred 2
|
|
JPS
|
|
|
120,321,842
|
|
|
N/A
|
|
|
|
|
|
|
Quality Preferred 3
|
|
JHP
|
|
|
23,717,066
|
|
|
N/A
|
|
|
|
|
|
|
Tax-Advantaged
|
|
JTA
|
|
|
13,878,567
|
|
|
N/A
|
|
|
|
|
|
|
Tax-Advantaged Dividend
|
|
JTD
|
|
|
14,504,240
|
|
|
N/A
|
|
|
|
|
|
|
Global Government
|
|
JGG
|
|
|
9,359,018
|
|
|
N/A
|
|
|
|
|
|
|
Global Value
|
|
JGV
|
|
|
19,184,278
|
|
|
N/A
|
|
|
|
|
|
|
Mortgage Opportunity
|
|
JLS
|
|
|
15,833,756
|
|
|
N/A
|
|
|
|
|
|
|
Mortgage Opportunity 2
|
|
JMT
|
|
|
4,804,200
|
|
|
N/A
|
|
|
|
|
|
|
Multi-Currency
|
|
JGT
|
|
|
43,684,788
|
|
|
N/A
|
|
|
|
|
|
|
Multi-Strategy
|
|
JPC
|
|
|
97,324,765
|
|
|
N/A
|
|
|
|
|
|
|
Multi-Strategy 2
|
|
JQC
|
|
|
136,792,782
|
|
|
N/A
|
|
|
|
|
|
|
Dow 30 Premium
|
|
DPD
|
|
|
11,984,212
|
|
|
N/A
|
|
|
|
|
|
|
Global Income
|
|
GCF
|
|
|
5,642,617
|
|
|
N/A
|
|
|
|
|
|
|
NASDAQ Premium
|
|
QQQX
|
|
|
18,445,346
|
|
|
N/A
|
|
|
|
|
|
|
Dow 30 Enhanced
|
|
DPO
|
|
|
27,678,519
|
|
|
N/A
|
|
|
|
|
|
|
MLP & Strategic Equity
|
|
MTP
|
|
|
14,810,750
|
|
|
N/A
|
|
|
|
|
|
|
|
|
(1)
|
The common shares of all of the Funds are listed on the New York
Stock Exchange (NYSE), except NXK, NYV, NRK, NKO and
JRS, which are listed on the NYSE Amex, and QQQX, which is
listed on the NASDAQ Stock Market, LLC.
|
|
(2)
|
The Preferred Shares for NAN, NXK and NRK are listed on the NYSE.
|
5
|
|
1.
|
Election
of Board Members
|
Massachusetts
Business Trusts
Pursuant to the organizational documents of each Massachusetts
Business Trust, each Board is divided into three classes,
Class I, Class II and Class III, to be elected by
the holders of the outstanding Common Shares and any outstanding
Preferred Shares, voting together as a single class to serve
until the third succeeding annual meeting subsequent to their
election or thereafter, in each case until their successors have
been duly elected and qualified. For Insured New York Dividend,
New York Dividend, New York Dividend 2 and Insured New York
Tax-Free, each Massachusetts Business Trust with Preferred
Shares outstanding, under normal circumstances, holders of
Preferred Shares are entitled to elect two (2) Board
Members. The Board Members elected by holders of Preferred
Shares will be elected to serve until the next annual meeting or
until their successors have been duly elected and qualified.
|
|
|
|
a.
|
For Insured New York Dividend, New York Dividend, New York
Dividend 2 and Insured New York Tax-Free:
|
|
|
|
|
(i)
|
three (3) Board Members are to be elected by holders of
Common Shares and Preferred Shares, voting together as a single
class. Board Members Amboian, Kundert and Toth have been
designated as Class II Board Members and as nominees for
Board Members for a term expiring at the annual meeting of
shareholders in 2014 or until their successors have been duly
elected and qualified. Board Members Bremner, Evans, Stockdale,
Stone and Stringer are current and continuing Board Members.
Board Members Bremner and Evans have been designated as
Class III Board Members for a term expiring at the annual
meeting of shareholders in 2012 or until their successors have
been duly elected and qualified. Board Members Stockdale, Stone
and Stringer have been designated as Class I Board Members
for a term expiring at the annual meeting of shareholders in
2013 or until their successors have been duly elected and
qualified.
|
|
|
(ii)
|
two (2) Board Members are to be elected by holders of
Preferred Shares, voting separately as a single class. Board
Members Hunter and Schneider are nominees for election by
holders of Preferred Shares for a term expiring at the next
annual meeting or until their successors have been duly elected
and qualified.
|
|
|
|
|
b.
|
For New York Value 2, Core Equity, Equity Premium, Equity
Premium Opportunity, Equity Premium Advantage, Equity Premium
Income, Tax-Advantaged Dividend, Global Government, Global
Value, Multi-Currency, Quality Preferred, Quality Preferred 2,
Quality Preferred 3, Real Estate, Diversified Dividend,
Tax-Advantaged, Mortgage Opportunity, Mortgage Opportunity 2,
Multi-Strategy and Multi-Strategy 2:
|
|
|
|
|
(i)
|
three (3) Board Members are to be elected by all
shareholders. Board Members Amboian, Kundert and Toth have been
designated as Class II Board Members and as nominees for
Board Members for a term expiring at the annual meeting of
shareholders in 2014 or until their successors have been duly
elected and qualified. Board Members Bremner, Evans, Hunter,
Schneider, Stockdale, Stone and Stringer are current and
continuing Board Members. Board Members Bremner, Evans and
Schneider have been designated as Class III Board Members
for a term
|
6
|
|
|
|
|
expiring at the annual meeting of shareholders in 2012 or until
their successors have been duly elected and qualified. Board
Members Hunter, Stockdale, Stone and Stringer have been
designated as Class I Board Members for a term expiring at
the annual meeting of shareholders in 2013 or until their
successors have been duly elected and qualified.
|
Minnesota
Corporations
Pursuant to the organizational documents of each Minnesota
Corporation, except for New York Value, all Board Members are to
be elected to serve until the next annual meeting or until their
successors shall have been duly elected and qualified. For
Insured New York Premium, New York Performance Plus, New
York Investment Quality, New York Quality and New York Select,
each a Minnesota Corporation with Preferred Shares outstanding,
under normal circumstances, holders of Preferred Shares are
entitled to elect two (2) Board Members, and the remaining
Board Members are to be elected by holders of Common Shares and
Preferred Shares, voting together as a single class. Pursuant to
the organizational documents of New York Value, the Board is
divided into three classes, with each class being elected to
serve until the third succeeding annual meeting subsequent to
their election or thereafter in each case when their respective
successors are duly elected and qualified. For New York Value,
three (3) Board Members are nominated to be elected at this
meeting.
|
|
|
|
c.
|
For Insured New York Premium, New York Performance Plus, New
York Investment Quality, New York Quality and New York
Select:
|
|
|
|
|
(i)
|
eight (8) Board Members are to be elected by holders of
Common Shares and Preferred Shares, voting together as a single
class. Board Members Amboian, Bremner, Evans, Kundert,
Stockdale, Stone, Stringer and Toth are nominees for election by
all shareholders.
|
|
|
(ii)
|
two (2) Board Members are to be elected by holders of
Preferred Shares. Board Members Hunter and Schneider are
nominees for election by holders of Preferred Shares.
|
|
|
|
|
d.
|
For New York Value:
three (3) Board Members are to
be elected by all shareholders. Board Members Amboian, Kundert
and Toth have been designated as Class II Board Members and
as nominees for Board Members for a term expiring at the annual
meeting of shareholders in 2014 or until their successors have
been duly elected and qualified. Board Members Bremner, Evans,
Hunter, Schneider, Stockdale, Stone and Stringer are current and
continuing Board Members. Board Members Bremner, Evans and
Schneider have been designated as Class III Board Members
for a term expiring at the annual meeting of shareholders in
2012 or until their successors have been duly elected and
qualified. Hunter, Stockdale, Stone and Stringer have been
designated as Class I Board Members for a term expiring at
the annual meeting of shareholders in 2013 or until their
successors have been duly elected and qualified.
|
Maryland
Corporations
Pursuant to the organizational documents of each Maryland
Corporation, all Board Members are to be elected to serve until
the next annual meeting or until their successors shall have
been duly elected and qualified.
7
|
|
|
|
e.
|
For Dow 30 Premium, Global Income, NASDAQ Premium, Dow 30
Enhanced and MLP & Strategic
Equity:
ten (10) Board Members are to be elected
by all shareholders. Board Members Amboian, Bremner, Evans,
Kundert, Hunter, Schneider, Stockdale, Stone, Stringer and Toth
are nominees for election by all shareholders.
|
It is the intention of the persons named in the enclosed proxy
to vote the shares represented thereby for the election of the
nominees listed in the table below unless the proxy is marked
otherwise. Each of the nominees has agreed to serve as a Board
Member of each Fund if elected. However, should any nominee
become unable or unwilling to accept nomination for election,
the proxies will be voted for substitute nominees, if any,
designated by that Funds present Board.
For each Massachusetts Business Trust, except New York Value 2,
Core Equity, Equity Premium, Equity Premium Advantage, Equity
Premium Income, Equity Premium Opportunity, Tax-Advantaged
Dividend, Global Government, Global Value, Multi-Currency,
Mortgage Opportunity and Mortgage Opportunity 2, Board Members
Stockdale and Stone were last elected to each Funds Board
as Class I Board Members at the annual meeting of
shareholders held on April 6, 2010. For New York Value 2,
Core Equity, Equity Premium, Equity Premium Advantage, Equity
Premium Income, Equity Premium Opportunity, Tax-Advantaged
Dividend, Global Government, Global Value, Multi-Currency, Real
Estate, Diversified Dividend, Quality Preferred, Quality
Preferred 2, Quality Preferred 3, Tax-Advantaged, Multi-Strategy
and Multi-Strategy Board Members Hunter, Stockdale and Stone
were last elected to each Funds Board as Class I
Board Members at the annual meeting of shareholders held on
April 6, 2010. For New York Value 2, each other Board
Member except for Board Member Stringer was elected by the
initial shareholder of the Fund on April 24, 2009. For Real
Estate, Diversified Dividend, Quality Preferred, Quality
Preferred 2, Quality Preferred 3, Tax-Advantaged, Multi-Strategy
and Multi-Strategy 2, Board Members Hunter, Stockdale and Stone
were last elected to each Funds Board as Class I
Board Members, and Board Member Schneider was last elected to
each Funds Board as a Class III Board Member, at the
annual meeting of shareholders held on April 6, 2010.
For New York Dividend, New York Dividend 2, Insured New York
Dividend and Insured New York Tax-Free, Board Members Bremner
and Evans were last elected to each Funds Board as
Class III Board Members at the annual meeting of
shareholders held on May 6, 2009 and adjourned to
June 17, 2009. For Real Estate, Diversified Dividend,
Quality Preferred, Quality Preferred 2, Quality Preferred 3,
Tax-Advantaged, Multi-Strategy and Multi-Strategy 2, Board
Members Bremner and Evans were last elected to each Funds
Board as Class III Board Members at the annual meeting of
shareholders held on May 6, 2009. For Core Equity, Equity
Premium, Equity Premium Advantage, Equity Premium Income, Equity
Premium Opportunity, Global Government, Global Value,
Tax-Advantaged Dividend and Multi-Currency, Board Members
Bremner, Evans and Schneider were last elected to each
Funds Board as Class III Board Members at the annual
meeting of shareholders held on May 6, 2009.
For Mortgage Opportunity, each Board Member except for Board
Member Stringer was elected by the initial shareholder of the
Fund on September 10, 2009. For Mortgage Opportunity 2,
each Board Member except for Board Member Stringer was elected
by the initial shareholder of the Fund on December 16, 2009.
For each Minnesota Corporation, except for New York Value, each
Board Member other than Board Member Stringer was last elected
to each Funds Board at the annual meeting of shareholders
held on April 6, 2010.
8
For New York Value, Board Members Hunter, Stockdale and Stone
were last elected as Class I Board Members at the annual
meeting of shareholders held on April 6, 2010. Board
Members Bremner, Evans and Schneider were last elected as
Class III Board Members at the annual meeting of
shareholders held on May 6, 2009 and adjourned to
June 17, 2009.
For each Maryland Corporation, each Board Member other than
Board Member Stringer was last elected to each Funds Board
at a special meeting of shareholders held on September 8,
2010.
On January 1, 2011, Ms. Stringer was appointed as a
Board Member for each Fund, and designated as a Class I
Board Member with respect to each Massachusetts Business Trust
and New York Value.
Other than Mr. Amboian, all Board Member nominees are not
interested persons, as defined in the Investment
Company Act of 1940, as amended (the 1940 Act), of
the Funds or the Adviser, Nuveen Fund Advisors, Inc.
(Adviser), and have never been an employee or
director of Nuveen Investments, Inc. (Nuveen), the
Advisers parent company, or any affiliate. Accordingly,
such Board Members are deemed Independent Board
Members.
The Board unanimously recommends that shareholders vote FOR
the election of the nominees.
Board
Nominees/Board Members
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of
|
|
|
|
|
|
|
|
|
|
|
|
Portfolios
|
|
|
|
|
|
|
|
|
|
|
|
in Fund
|
|
|
|
|
|
|
|
|
|
|
|
Complex
|
|
|
Other
|
|
|
Position(s)
|
|
Term of Office
|
|
|
|
Overseen
|
|
|
Directorships Held
|
Name, Address
|
|
Held with
|
|
and Length
|
|
Principal Occupation(s)
|
|
by Board
|
|
|
by Board
|
and Birth Date
|
|
Fund
|
|
of Time
Served
(1)
|
|
During Past 5 Years
|
|
Member
|
|
|
Member
|
|
|
Nominees/Board Members who are not interested persons of the
Fund
|
Robert P.
Bremner
(2)
c/o Nuveen
Investments, Inc.
333 West Wacker Drive
Chicago, IL 60606
(8/22/40)
|
|
Chairman of the Board, Board Member
|
|
Term: Annual or Class III Board Member until 2012
Length of Service: Since 1996; Chairman of the Board since 2008;
Lead Independent Director (2005-2008)
|
|
Private Investor and Management Consultant; Treasurer and
Director, Humanities Council of Washington D.C.; Board Member,
Independent Directors Council, affiliated with the Investment
Company Institute.
|
|
|
246
|
|
|
N/A
|
9
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of
|
|
|
|
|
|
|
|
|
|
|
|
Portfolios
|
|
|
|
|
|
|
|
|
|
|
|
in Fund
|
|
|
|
|
|
|
|
|
|
|
|
Complex
|
|
|
Other
|
|
|
Position(s)
|
|
Term of Office
|
|
|
|
Overseen
|
|
|
Directorships Held
|
Name, Address
|
|
Held with
|
|
and Length
|
|
Principal Occupation(s)
|
|
by Board
|
|
|
by Board
|
and Birth Date
|
|
Fund
|
|
of Time
Served
(1)
|
|
During Past 5 Years
|
|
Member
|
|
|
Member
|
|
|
Jack B. Evans
c/o Nuveen
Investments, Inc.
333 West Wacker Drive
Chicago, IL 60606
(10/22/48)
|
|
Board Member
|
|
Term: Annual or Class III Board Member until 2012
Length of Service: Since 1999
|
|
President, The Hall-Perrine Foundation, a private philanthropic
corporation (since 1996); Director and Chairman, United Fire
Group, a publicly held company; President Pro Tem of the Board
of Regents for the State of Iowa University System; Director,
Source Media Group; Life Trustee of Coe College and Iowa College
Foundation; formerly, Director, Alliant Energy; formerly,
Director, Federal Reserve Bank of Chicago; formerly, President
and Chief Operating Officer, SCI Financial Group, Inc., a
regional financial services firm.
|
|
|
246
|
|
|
See Principal Occupation Description
|
|
|
|
|
|
|
|
|
|
|
|
|
|
William C. Hunter
c/o Nuveen
Investments, Inc.
333 West Wacker Drive
Chicago, IL 60606
(3/6/48)
|
|
Board Member
|
|
Term: Annual or Class I Board Member until 2011
Length of Service: Since 2004
|
|
Dean (since 2006), Tippie College of Business, University of
Iowa; Director (since 2005), Beta Gamma Sigma International
Honor Society; Director (since 2004) of Xerox Corporation;
formerly, Director (1997-2007), Credit Research Center at
Georgetown University; formerly, Dean and Distinguished
Professor of Finance, School of Business at the University of
Connecticut (2003-2006); previously, Senior Vice President and
Director of Research at the Federal Reserve Bank of Chicago
(1995-2003).
|
|
|
246
|
|
|
See Principal Occupation Description
|
10
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of
|
|
|
|
|
|
|
|
|
|
|
|
Portfolios
|
|
|
|
|
|
|
|
|
|
|
|
in Fund
|
|
|
|
|
|
|
|
|
|
|
|
Complex
|
|
|
Other
|
|
|
Position(s)
|
|
Term of Office
|
|
|
|
Overseen
|
|
|
Directorships Held
|
Name, Address
|
|
Held with
|
|
and Length
|
|
Principal Occupation(s)
|
|
by Board
|
|
|
by Board
|
and Birth Date
|
|
Fund
|
|
of Time
Served
(1)
|
|
During Past 5 Years
|
|
Member
|
|
|
Member
|
|
|
David J.
Kundert
(2)
c/o Nuveen
Investments, Inc.
333 West Wacker Drive
Chicago, IL 60606
(10/28/42)
|
|
Board Member
|
|
Term: Annual or Class II Board Member until 2011
Length of Service: Since 2005
|
|
Director, Northwestern Mutual Wealth Management Company; retired
(since 2004) as Chairman, JPMorgan Fleming Asset Management,
President and CEO, Banc One Investment Advisors Corporation, and
President, One Group Mutual Funds; prior thereto, Executive Vice
President, Bank One Corporation and Chairman and CEO, Banc One
Investment Management Group; Member, Board of Regents, Luther
College; Member of the Wisconsin Bar Association; Member of
Board of Directors, Friends of Boerner Botanical Gardens; Member
of Board of Directors and Chair of Investment Committee, Greater
Milwaukee Foundation.
|
|
|
246
|
|
|
See Principal Occupation Description
|
|
|
|
|
|
|
|
|
|
|
|
|
|
William J.
Schneider
(2)
c/o Nuveen
Investments, Inc.
333 West Wacker Drive
Chicago, IL 60606
(9/24/44)
|
|
Board Member
|
|
Term: Annual or Class III Board Member until 2012
Length of Service: Since 1996
|
|
Chairman of Miller-Valentine Partners Ltd., a real estate
investment company; formerly, Senior Partner and Chief Operating
Officer (retired, 2004) of Miller-Valentine Group; Member,
Mid-America Health System Board; Member, University of Dayton
Business School Advisory Council; formerly, Member, Dayton
Philharmonic Orchestra Association; formerly, Director, Dayton
Development Coalition; formerly, Member, Business Advisory
Council, Cleveland Federal Reserve Bank.
|
|
|
246
|
|
|
See Principal Occupation Description
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Judith M. Stockdale
c/o Nuveen
Investments, Inc.
333 West Wacker Drive
Chicago, IL 60606
(12/29/47)
|
|
Board Member
|
|
Term: Annual or Class I Board Member until 2013
Length of Service: Since 1997
|
|
Executive Director, Gaylord and Dorothy Donnelley Foundation
(since 1994); prior thereto, Executive Director, Great Lakes
Protection Fund (from 1990 to 1994).
|
|
|
246
|
|
|
N/A
|
11
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of
|
|
|
|
|
|
|
|
|
|
|
|
Portfolios
|
|
|
|
|
|
|
|
|
|
|
|
in Fund
|
|
|
|
|
|
|
|
|
|
|
|
Complex
|
|
|
Other
|
|
|
Position(s)
|
|
Term of Office
|
|
|
|
Overseen
|
|
|
Directorships Held
|
Name, Address
|
|
Held with
|
|
and Length
|
|
Principal Occupation(s)
|
|
by Board
|
|
|
by Board
|
and Birth Date
|
|
Fund
|
|
of Time
Served
(1)
|
|
During Past 5 Years
|
|
Member
|
|
|
Member
|
|
|
Carole E.
Stone
(2)
c/o Nuveen
Investments, Inc.
333 West Wacker Drive
Chicago, IL 60606
(6/28/47)
|
|
Board Member
|
|
Term: Annual or Class I Board Member until 2013
Length of Service: Since 2007
|
|
Director, C2 Options Exchange, Incorporated (since 2009);
Director, Chicago Board Options Exchange (since 2006); formerly,
Commissioner, New York State Commission on Public Authority
Reform (2005-2010); formerly, Chair, New York Racing Association
Oversight Board (2005-2007).
|
|
|
246
|
|
|
See Principal Occupation Description
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Virginia L.
Stringer
(3)
333 West Wacker Drive
Chicago, IL 60606
(8/16/44)
|
|
Board Member
|
|
Term: Annual or Class I Board Member until 2013
Length of Service: Since 2011
|
|
Board Member, Mutual Fund Directors Forum; Member, Governing
Board, Investment Company Institutes Independent Directors
Council; governance consultant and non-profit board member;
former Owner and President, Strategic Management Resources, Inc.
a management consulting firm; previously, held several executive
positions in general management, marketing and human resources
at IBM and The Pillsbury Company; Independent Director, First
American Fund Complex from 1987-2010 and Chair from 1997-2010.
|
|
|
246
|
|
|
See Principal Occupation Description
|
12
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of
|
|
|
|
|
|
|
|
|
|
|
|
Portfolios
|
|
|
|
|
|
|
|
|
|
|
|
in Fund
|
|
|
|
|
|
|
|
|
|
|
|
Complex
|
|
|
Other
|
|
|
Position(s)
|
|
Term of Office
|
|
|
|
Overseen
|
|
|
Directorships Held
|
Name, Address
|
|
Held with
|
|
and Length
|
|
Principal Occupation(s)
|
|
by Board
|
|
|
by Board
|
and Birth Date
|
|
Fund
|
|
of Time
Served
(1)
|
|
During Past 5 Years
|
|
Member
|
|
|
Member
|
|
|
Terence J.
Toth
(2)
c/o Nuveen
Investments, Inc.
333 West Wacker Drive
Chicago, IL 60606
(9/29/59)
|
|
Board Member
|
|
Term: Annual or Class II Board Member until 2011
Length of Service: Since 2008
|
|
Director, Legal & General Investment Management America,
Inc. (since 2008); Managing Partner, Promus Capital
(since 2008); formerly, CEO and President, Northern Trust
Global Investments (2004-2007); Executive Vice President,
Quantitative Management & Securities Lending (2000-2004);
prior thereto, various positions with Northern Trust Company
(since 1994); Member: Goodman Theatre Board (since 2004);
Chicago Fellowship Board (since 2005), and Catalyst Schools of
Chicago Board (since 2008); formerly Member: Northern Trust
Mutual Funds Board (2005-2007), Northern Trust Global
Investments Board (2004-2007), Northern Trust Japan Board
(2004-2007), Northern Trust Securities Inc. Board (2003-2007)
and Northern Trust Hong Kong Board (1997-2004).
|
|
|
246
|
|
|
See Principal Occupation Description
|
Nominee/Board Member who is an interested person of the Fund
|
John P.
Amboian
(4)
c/o Nuveen
Investments, Inc.
333 West Wacker Drive
Chicago, IL 60606
(6/14/61)
|
|
Board Member
|
|
Term: Annual or Class II Board Member until 2011
Length of Service: Since 2008
|
|
Chief Executive Officer and Chairman (since 2007) and Director
(since 1999) of Nuveen Investments, Inc.; Chief Executive
Officer (since 2007) of Nuveen Investments Advisors, Inc.;
Director (since 1998) formerly, Chief Executive Officer
(2007-2010) of Nuveen Fund Advisors, Inc.
|
|
|
246
|
|
|
See Principal Occupation Description
|
|
|
|
|
|
(1)
|
|
Length of Service indicates the
year in which the individual became a Board Member of a fund in
the Nuveen fund complex.
|
|
(2)
|
|
Also serves as a trustee of Nuveen
Diversified Commodity Fund, an exchange-traded commodity pool
managed by Nuveen Commodities Asset Management, LLC, an
affiliate of each Funds Adviser.
|
|
(3)
|
|
In December 2010 Nuveen
Investments, Inc. purchased from U.S. Bancorp a portion of FAF
Advisors, Inc.s (FAF) asset management
business (Nuveen/FAF Transaction). In connection
with the Nuveen/FAF Transaction, and pursuant to the Nominating
and Governance Committees recommendation and approval,
Ms. Stringer resigned as a board member of various funds
affiliated with FAF and was appointed Board Member of the Nuveen
funds, with such appointment taking effect on January 1,
2011.
|
|
(4)
|
|
Interested person as
defined in the 1940 Act, by reason of his positions with Nuveen
Investments, Inc. and certain of its subsidiaries.
|
13
The dollar range of equity securities beneficially owned by each
Board Member in each Fund and all Nuveen funds overseen by the
Board Member as of December 31, 2010 is set forth in
Appendix A. The number of shares of each Fund beneficially
owned by each Board Member and by the Board Members and officers
of the Funds as a group as of December 31, 2010 is set
forth in Appendix A. On December 31, 2010, Board
Members and executive officers as a group beneficially owned
approximately 600,000 shares of all funds managed by the
Adviser, Nuveen Fund Advisors, Inc. (including shares held
by the Board Members through the Deferred Compensation Plan for
Independent Board Members and by executive officers in
Nuveens 401(k)/profit sharing plan). As of March 9,
2011, each Board Members individual beneficial
shareholdings of each Fund constituted less than 1% of the
outstanding shares of each Fund. As of March 9, 2011, the
Board Members and executive officers as a group beneficially
owned less than 1% of the outstanding shares of each Fund. As of
March 9, 2011, no shareholder beneficially owned more than
5% of any class of shares of any Fund, except as provided in
Appendix B.
Compensation
Prior to January 1, 2011, each Independent Board Member
received a $100,000 annual retainer plus (a) a fee of
$3,250 per day for attendance in person or by telephone at a
regularly scheduled meeting of the Board; (b) a fee of
$2,500 per meeting for attendance in person where such in-person
attendance was required and $1,500 per meeting for attendance by
telephone or in person where in-person attendance was not
required at a special, non-regularly scheduled board meeting;
(c) a fee of $2,000 per meeting for attendance in person or
$1,500 per meeting for attendance by telephone at an audit
committee meeting; (d) a fee of $2,000 per meeting for
attendance at a regularly scheduled compliance, risk management
and regulatory oversight committee meeting for regular quarterly
meetings and $1,000 per meeting for attendance of other,
non-quarterly meetings; (e) a fee of $1,000 per meeting for
attendance in person or by telephone for a meeting of the
dividend committee; and (f) a fee of $500 per meeting for
attendance in person at all other committee meetings, $1,000 for
attendance at shareholder meetings on a day on which no
regularly scheduled board meeting was held in which in-person
attendance was required, $250 per meeting for attendance by
telephone at committee meetings (excluding shareholder meetings)
where in-person attendance was not required and $100 per meeting
when the executive committee acted as pricing committee for
IPOs, plus, in each case, expenses incurred in attending such
meetings. In addition to the payments described above, the
Independent Chairman received $50,000 annually and the Lead
Independent Director, if any, received $35,000, the chairpersons
of the audit committee, the dividend committee and the
compliance, risk management and regulatory oversight committee
received $7,500 and the chairperson of the nominating and
governance committee received $5,000 as additional retainers to
the annual retainer paid to such individuals. Independent Board
Members also received a fee of $2,500 per day for site visits to
entities that provide services to the Nuveen funds on days on
which no regularly scheduled board meeting was held. When ad hoc
committees were organized, the nominating and governance
committee at the time of formation determined compensation to be
paid to the members of such committees, however, in general such
fees were $1,000 per meeting for attendance in person at any ad
hoc committee meeting where in-person attendance was required
and $500 per meeting for attendance by telephone or in person at
such meetings where in-person attendance was not required. The
annual retainer, fees and expenses were allocated among the
funds managed by the Adviser, on the basis of relative net asset
sizes although fund management was able, in its
14
discretion, to establish a minimum amount to be allocated to
each fund. The Board Member affiliated with Nuveen and the
Adviser served without any compensation from the Funds.
Effective January 1, 2011, Independent Board Members
receive a $120,000 annual retainer plus (a) a fee of $4,500
per day for attendance in person or by telephone at regularly
scheduled meetings of the Board; (b) a fee of $3,000 per
meeting for attendance in person or by telephone at special,
non-regularly scheduled Board meetings where in-person
attendance is required and $2,000 per meeting for attendance by
telephone or in person at such meetings where in-person
attendance is not required; (c) a fee of $2,500 per meeting
for attendance in person or by telephone at Audit Committee
meetings where in-person attendance is required and $2,000 per
meeting for attendance by telephone or in person at such
meetings where in-person attendance is not required; (d) a
fee of $2,500 per meeting for attendance in person or by
telephone at Compliance, Risk Management and Regulatory
Oversight Committee meetings where in-person attendance is
required and $2,000 per meeting for attendance by telephone or
in person at such meetings where in-person attendance is not
required; (e) a fee of $1,000 per meeting for attendance in
person or by telephone at Dividend Committee meetings; and
(f) a fee of $500 per meeting for attendance in person or
by telephone at all other committee meetings ($1,000 for
shareholder meetings) where in-person attendance is required and
$250 per meeting for attendance by telephone or in person at
such committee meetings (excluding shareholder meetings) where
in-person attendance is not required, and $100 per meeting when
the Executive Committee acts as pricing committee for IPOs,
plus, in each case, expenses incurred in attending such
meetings, provided that no fees are received for meetings held
on days on which regularly scheduled Board meetings are held. In
addition to the payments described above, the Chairman of the
Board receives $75,000, the chairpersons of the Audit Committee,
the Dividend Committee and the Compliance, Risk Management and
Regulatory Oversight Committee receive $10,000 each and the
chairperson of the Nominating and Governance Committee receives
$5,000 as additional retainers. Independent Board Members also
receive a fee of $3,000 per day for site visits to entities that
provide services to the Nuveen funds on days on which no Board
meeting is held. When ad hoc committees are organized, the
Nominating and Governance Committee will at the time of
formation determine compensation to be paid to the members of
such committee; however, in general, such fees will be $1,000
per meeting for attendance in person or by telephone at ad hoc
committee meetings where in-person attendance is required and
$500 per meeting for attendance by telephone or in person at
such meetings where in-person attendance is not required. The
annual retainer, fees and expenses are allocated among the
Nuveen funds on the basis of relative net assets, although
management may, in its discretion, establish a minimum amount to
be allocated to each fund.
The boards of certain Nuveen funds (the Participating
Funds) established a Deferred Compensation Plan for
Independent Board Members (Deferred Compensation
Plan). Under the Deferred Compensation Plan, Independent
Board Members of the Participating Funds may defer receipt of
all, or a portion, of the compensation they earn for their
services to the Participating Funds, in lieu of receiving
current payments of such compensation. Any deferred amount is
treated as though an equivalent dollar amount had been invested
in shares of one or more eligible Nuveen funds.
15
The table below shows, for each Independent Board Member, the
aggregate compensation paid by each Fund to each Board Member
nominee for its last fiscal year.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aggregate Compensation from the
Funds
(1)
|
|
|
|
Robert P.
|
|
Jack B.
|
|
William C.
|
|
David J.
|
|
William J.
|
|
Judith M.
|
|
Carole E.
|
|
Virginia L.
|
|
Terence J.
|
|
|
Bremner
|
|
Evans
|
|
Hunter
|
|
Kundert
|
|
Schneider
|
|
Stockdale
|
|
Stone
|
|
Stringer
|
|
Toth
|
|
|
New York Dividend
|
|
$
|
825
|
|
|
$
|
625
|
|
|
$
|
519
|
|
|
$
|
613
|
|
|
$
|
627
|
|
|
$
|
663
|
|
|
$
|
532
|
|
|
|
|
|
|
$
|
610
|
|
New York Dividend 2
|
|
|
552
|
|
|
|
433
|
|
|
|
360
|
|
|
|
425
|
|
|
|
435
|
|
|
|
440
|
|
|
|
369
|
|
|
|
|
|
|
|
423
|
|
New York Investment Quality
|
|
|
1,458
|
|
|
|
1,252
|
|
|
|
1,071
|
|
|
|
1,308
|
|
|
|
1,313
|
|
|
|
1,165
|
|
|
|
1,060
|
|
|
|
|
|
|
|
1,228
|
|
New York Value
|
|
|
525
|
|
|
|
441
|
|
|
|
366
|
|
|
|
430
|
|
|
|
442
|
|
|
|
391
|
|
|
|
366
|
|
|
|
|
|
|
|
428
|
|
New York Value 2
|
|
|
129
|
|
|
|
107
|
|
|
|
90
|
|
|
|
106
|
|
|
|
109
|
|
|
|
96
|
|
|
|
90
|
|
|
|
|
|
|
|
104
|
|
New York Performance Plus
|
|
|
1,413
|
|
|
|
1,152
|
|
|
|
990
|
|
|
|
1,276
|
|
|
|
1,195
|
|
|
|
1,059
|
|
|
|
1,014
|
|
|
|
|
|
|
|
1,206
|
|
New York Quality
|
|
|
2,236
|
|
|
|
1,835
|
|
|
|
1,595
|
|
|
|
2,054
|
|
|
|
1,926
|
|
|
|
1,665
|
|
|
|
1,633
|
|
|
|
|
|
|
|
1,921
|
|
New York Select
|
|
|
2,017
|
|
|
|
1,732
|
|
|
|
1,482
|
|
|
|
1,810
|
|
|
|
1,816
|
|
|
|
1,612
|
|
|
|
1,467
|
|
|
|
|
|
|
|
1,699
|
|
Insured New York Dividend
|
|
|
645
|
|
|
|
530
|
|
|
|
435
|
|
|
|
519
|
|
|
|
532
|
|
|
|
499
|
|
|
|
446
|
|
|
|
|
|
|
|
516
|
|
Insured New York Premium
|
|
|
678
|
|
|
|
578
|
|
|
|
486
|
|
|
|
573
|
|
|
|
587
|
|
|
|
527
|
|
|
|
498
|
|
|
|
|
|
|
|
563
|
|
Insured New York Tax-Free
|
|
|
359
|
|
|
|
266
|
|
|
|
221
|
|
|
|
261
|
|
|
|
267
|
|
|
|
290
|
|
|
|
226
|
|
|
|
|
|
|
|
260
|
|
Core Equity
|
|
|
725
|
|
|
|
614
|
|
|
|
546
|
|
|
|
658
|
|
|
|
675
|
|
|
|
561
|
|
|
|
492
|
|
|
|
|
|
|
|
600
|
|
Real Estate
|
|
|
1,335
|
|
|
|
1,084
|
|
|
|
985
|
|
|
|
1,287
|
|
|
|
1,197
|
|
|
|
977
|
|
|
|
967
|
|
|
|
|
|
|
|
1,167
|
|
Diversified Dividend
|
|
|
1,399
|
|
|
|
1,169
|
|
|
|
1,085
|
|
|
|
1,365
|
|
|
|
1,285
|
|
|
|
1,072
|
|
|
|
1,052
|
|
|
|
|
|
|
|
1,245
|
|
Equity Premium
|
|
|
775
|
|
|
|
657
|
|
|
|
584
|
|
|
|
705
|
|
|
|
723
|
|
|
|
601
|
|
|
|
527
|
|
|
|
|
|
|
|
643
|
|
Equity Premium Advantage
|
|
|
1,191
|
|
|
|
1,011
|
|
|
|
897
|
|
|
|
1,084
|
|
|
|
1,112
|
|
|
|
924
|
|
|
|
810
|
|
|
|
|
|
|
|
989
|
|
Equity Premium Income
|
|
|
1,719
|
|
|
|
1,459
|
|
|
|
1,295
|
|
|
|
1,564
|
|
|
|
1,605
|
|
|
|
1,334
|
|
|
|
1,169
|
|
|
|
|
|
|
|
1,427
|
|
Equity Premium Opportunity
|
|
|
2,993
|
|
|
|
2,541
|
|
|
|
2,255
|
|
|
|
2,723
|
|
|
|
2,794
|
|
|
|
2,323
|
|
|
|
2,035
|
|
|
|
|
|
|
|
2,486
|
|
Quality Preferred
|
|
|
2,703
|
|
|
|
2,202
|
|
|
|
1,992
|
|
|
|
2,602
|
|
|
|
2,427
|
|
|
|
1,985
|
|
|
|
1,958
|
|
|
|
|
|
|
|
2,363
|
|
Quality Preferred 2
|
|
|
5,334
|
|
|
|
4,348
|
|
|
|
3,930
|
|
|
|
5,134
|
|
|
|
4,792
|
|
|
|
3,920
|
|
|
|
3,864
|
|
|
|
|
|
|
|
4,665
|
|
Quality Preferred 3
|
|
|
1,014
|
|
|
|
827
|
|
|
|
747
|
|
|
|
976
|
|
|
|
911
|
|
|
|
745
|
|
|
|
735
|
|
|
|
|
|
|
|
887
|
|
Tax-Advantaged
|
|
|
884
|
|
|
|
784
|
|
|
|
713
|
|
|
|
840
|
|
|
|
859
|
|
|
|
734
|
|
|
|
656
|
|
|
|
|
|
|
|
770
|
|
Tax-Advantaged Dividend
|
|
|
1,062
|
|
|
|
882
|
|
|
|
812
|
|
|
|
1,032
|
|
|
|
970
|
|
|
|
806
|
|
|
|
791
|
|
|
|
|
|
|
|
940
|
|
Global Government
|
|
|
536
|
|
|
|
448
|
|
|
|
370
|
|
|
|
439
|
|
|
|
448
|
|
|
|
396
|
|
|
|
370
|
|
|
|
|
|
|
|
436
|
|
Global Value
|
|
|
1,352
|
|
|
|
1,168
|
|
|
|
1,063
|
|
|
|
1,252
|
|
|
|
1,282
|
|
|
|
1,081
|
|
|
|
958
|
|
|
|
|
|
|
|
1,145
|
|
Mortgage Opportunity
|
|
|
1,372
|
|
|
|
2,108
|
|
|
|
986
|
|
|
|
1,148
|
|
|
|
1,183
|
|
|
|
2,133
|
|
|
|
880
|
|
|
|
|
|
|
|
2,078
|
|
Mortgage Opportunity 2
|
|
|
398
|
|
|
|
261
|
|
|
|
213
|
|
|
|
249
|
|
|
|
255
|
|
|
|
333
|
|
|
|
213
|
|
|
|
|
|
|
|
254
|
|
Multi-Currency
|
|
|
2,445
|
|
|
|
2,081
|
|
|
|
1,842
|
|
|
|
2,229
|
|
|
|
2,286
|
|
|
|
1,903
|
|
|
|
1,666
|
|
|
|
|
|
|
|
2,037
|
|
16
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aggregate Compensation from the
Funds
(1)
|
|
|
|
Robert P.
|
|
Jack B.
|
|
William C.
|
|
David J.
|
|
William J.
|
|
Judith M.
|
|
Carole E.
|
|
Virginia L.
|
|
Terence J.
|
|
|
Bremner
|
|
Evans
|
|
Hunter
|
|
Kundert
|
|
Schneider
|
|
Stockdale
|
|
Stone
|
|
Stringer
|
|
Toth
|
|
|
Multi-Strategy
|
|
$
|
5,750
|
|
|
$
|
4,877
|
|
|
$
|
4,589
|
|
|
$
|
5,653
|
|
|
$
|
5,352
|
|
|
$
|
4,516
|
|
|
$
|
4,419
|
|
|
|
|
|
|
$
|
5,163
|
|
Multi-Strategy 2
|
|
|
8,536
|
|
|
|
7,239
|
|
|
|
6,812
|
|
|
|
8,391
|
|
|
|
7,945
|
|
|
|
6,704
|
|
|
|
6,560
|
|
|
|
|
|
|
|
7,663
|
|
Dow 30 Premium
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Global Income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NASDAQ Premium
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dow 30 Enhanced
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MLP & Strategic Equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Compensation from Nuveen Funds Paid to
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Board Members/Nominees
|
|
$
|
265,748
|
|
|
$
|
230,443
|
|
|
$
|
199,401
|
|
|
$
|
243,469
|
|
|
$
|
243,212
|
|
|
$
|
213,579
|
|
|
$
|
188,000
|
|
|
|
|
|
|
$
|
230,630
|
|
|
|
|
|
(1)
|
Includes deferred fees. Pursuant to a deferred compensation
agreement with certain of the Funds, deferred amounts are
treated as though an equivalent dollar amount has been invested
in shares of one or more eligible Nuveen funds. Total deferred
fees for the Funds (including the return from the assumed
investment in the eligible Nuveen funds) payable are:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred Fees
|
|
|
|
|
|
Robert P.
|
|
|
Jack B.
|
|
|
William C.
|
|
|
David J.
|
|
|
William J.
|
|
|
Judith M.
|
|
|
Carole E.
|
|
|
Virginia L.
|
|
|
Terence J.
|
|
|
|
Bremner
|
|
|
Evans
|
|
|
Hunter
|
|
|
Kundert
|
|
|
Schneider
|
|
|
Stockdale
|
|
|
Stone
|
|
|
Stringer
|
|
|
Toth
|
|
|
|
|
New York Investment Quality
|
|
$
|
229
|
|
|
$
|
329
|
|
|
$
|
509
|
|
|
$
|
1,308
|
|
|
$
|
1,313
|
|
|
$
|
663
|
|
|
|
|
|
|
|
|
|
|
$
|
454
|
|
New York Performance Plus
|
|
|
223
|
|
|
|
303
|
|
|
|
508
|
|
|
|
1,276
|
|
|
|
1,195
|
|
|
|
600
|
|
|
|
|
|
|
|
|
|
|
|
427
|
|
New York Quality
|
|
|
353
|
|
|
|
483
|
|
|
|
816
|
|
|
|
2,054
|
|
|
|
1,926
|
|
|
|
945
|
|
|
|
|
|
|
|
|
|
|
|
677
|
|
New York Select
|
|
|
317
|
|
|
|
455
|
|
|
|
704
|
|
|
|
1,810
|
|
|
|
1,816
|
|
|
|
917
|
|
|
|
|
|
|
|
|
|
|
|
628
|
|
Core Equity
|
|
|
117
|
|
|
|
167
|
|
|
|
409
|
|
|
|
658
|
|
|
|
675
|
|
|
|
313
|
|
|
|
|
|
|
|
|
|
|
|
184
|
|
Real Estate
|
|
|
216
|
|
|
|
296
|
|
|
|
799
|
|
|
|
1,287
|
|
|
|
1,197
|
|
|
|
538
|
|
|
|
|
|
|
|
|
|
|
|
330
|
|
Diversified Dividend
|
|
|
226
|
|
|
|
318
|
|
|
|
899
|
|
|
|
1,365
|
|
|
|
1,285
|
|
|
|
587
|
|
|
|
|
|
|
|
|
|
|
|
347
|
|
Equity Premium
|
|
|
125
|
|
|
|
179
|
|
|
|
437
|
|
|
|
705
|
|
|
|
723
|
|
|
|
335
|
|
|
|
|
|
|
|
|
|
|
|
197
|
|
Equity Premium Advantage
|
|
|
192
|
|
|
|
276
|
|
|
|
670
|
|
|
|
1,084
|
|
|
|
1,112
|
|
|
|
515
|
|
|
|
|
|
|
|
|
|
|
|
304
|
|
Equity Premium Income
|
|
|
278
|
|
|
|
398
|
|
|
|
969
|
|
|
|
1,564
|
|
|
|
1,605
|
|
|
|
744
|
|
|
|
|
|
|
|
|
|
|
|
439
|
|
Equity Premium Opportunity
|
|
|
483
|
|
|
|
693
|
|
|
|
1,684
|
|
|
|
2,723
|
|
|
|
2,794
|
|
|
|
1,295
|
|
|
|
|
|
|
|
|
|
|
|
765
|
|
Quality Preferred
|
|
|
437
|
|
|
|
601
|
|
|
|
1,605
|
|
|
|
2,602
|
|
|
|
2,427
|
|
|
|
1,095
|
|
|
|
|
|
|
|
|
|
|
|
672
|
|
Quality Preferred 2
|
|
|
862
|
|
|
|
1,186
|
|
|
|
3,159
|
|
|
|
5,134
|
|
|
|
4,792
|
|
|
|
2,162
|
|
|
|
|
|
|
|
|
|
|
|
1,330
|
|
Quality Preferred 3
|
|
|
164
|
|
|
|
225
|
|
|
|
600
|
|
|
|
976
|
|
|
|
911
|
|
|
|
411
|
|
|
|
|
|
|
|
|
|
|
|
253
|
|
Tax-Advantaged
|
|
|
142
|
|
|
|
213
|
|
|
|
575
|
|
|
|
840
|
|
|
|
859
|
|
|
|
403
|
|
|
|
|
|
|
|
|
|
|
|
222
|
|
Tax-Advantaged Dividend
|
|
|
171
|
|
|
|
240
|
|
|
|
662
|
|
|
|
1,032
|
|
|
|
970
|
|
|
|
443
|
|
|
|
|
|
|
|
|
|
|
|
266
|
|
17
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred Fees
|
|
|
|
|
|
Robert P.
|
|
|
Jack B.
|
|
|
William C.
|
|
|
David J.
|
|
|
William J.
|
|
|
Judith M.
|
|
|
Carole E.
|
|
|
Virginia L.
|
|
|
Terence J.
|
|
|
|
Bremner
|
|
|
Evans
|
|
|
Hunter
|
|
|
Kundert
|
|
|
Schneider
|
|
|
Stockdale
|
|
|
Stone
|
|
|
Stringer
|
|
|
Toth
|
|
|
|
|
Global Value
|
|
$
|
218
|
|
|
$
|
318
|
|
|
$
|
835
|
|
|
$
|
1,252
|
|
|
$
|
1,282
|
|
|
$
|
597
|
|
|
|
|
|
|
|
|
|
|
$
|
339
|
|
Mortgage Opportunity
|
|
|
163
|
|
|
|
512
|
|
|
|
810
|
|
|
|
946
|
|
|
|
976
|
|
|
|
967
|
|
|
|
|
|
|
|
|
|
|
|
416
|
|
Mortgage Opportunity 2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Multi-Currency
|
|
|
394
|
|
|
|
567
|
|
|
|
1,349
|
|
|
|
2,229
|
|
|
|
2,286
|
|
|
|
1,064
|
|
|
|
|
|
|
|
|
|
|
|
636
|
|
Global Government
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Multi-Strategy
|
|
|
927
|
|
|
|
1,325
|
|
|
|
3,879
|
|
|
|
5,653
|
|
|
|
5,352
|
|
|
|
2,464
|
|
|
|
|
|
|
|
|
|
|
|
1,413
|
|
Multi-Strategy 2
|
|
|
1,376
|
|
|
|
1,965
|
|
|
|
5,763
|
|
|
|
8,391
|
|
|
|
7,945
|
|
|
|
3,656
|
|
|
|
|
|
|
|
|
|
|
|
2,096
|
|
Dow 30 Premium
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Global Income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NASDAQ Premium
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dow 30 Enhanced
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MLP & Strategic Equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Board
Leadership Structure and Risk Oversight
The Board of each Fund (collectively, the Board)
oversees the operations and management of the Fund, including
the duties performed for the Funds by the Adviser. The Board has
adopted a unitary board structure. A unitary board consists of
one group of directors who serve on the board of every fund in
the complex. In adopting a unitary board structure, the Board
Members seek to provide effective governance through
establishing a board, the overall composition of which will, as
a body, possess the appropriate skills, independence and
experience to oversee the Funds business. With this
overall framework in mind, when the Board, through its
Nominating and Governance Committee discussed below, seeks
nominees for the Board, the Board Members consider, not only the
candidates particular background, skills and experience,
among other things, but also whether such background, skills and
experience enhance the Boards diversity and at the same
time complement the Board given its current composition and the
mix of skills and experiences of the incumbent Board Members.
The Nominating and Governance Committee believes that the Board
generally benefits from diversity of background, experience and
views among its members, and considers this a factor in
evaluating the composition of the Board, but has not adopted any
specific policy on diversity or any particular definition of
diversity.
The Board believes the unitary board structure enhances good and
effective governance, particularly given the nature of the
structure of the investment company complex. Funds in the same
complex generally are served by the same service providers and
personnel and are governed by the same regulatory scheme which
raises common issues that must be addressed by the Board Members
across the fund complex (such as compliance, valuation,
liquidity, brokerage, trade allocation or risk management). The
Board believes it is more efficient to have a single board
review and oversee common policies and procedures which
increases the Boards knowledge and expertise with respect
to the many aspects of fund operations that are complex-wide in
nature. The unitary structure also enhances the Boards
influence and oversight over the Adviser and other service
providers.
In an effort to enhance the independence of the Board, the Board
also has a Chairman that is an Board Member. The Board
recognizes that a chairman can perform an important role in
setting the agenda for the Board, establishing the boardroom
culture, establishing a point person on behalf of the Board for
fund management, and reinforcing the Boards focus on the
long-term interests of shareholders. The Board recognizes that a
chairman may be able to better perform these functions without
any conflicts of interests arising from a position with fund
management. Accordingly, the Board Members have elected Robert
P. Bremner as the independent Chairman of the Board. Specific
responsibilities of the Chairman include: (i) presiding at
all meetings of the Board and of the shareholders;
(ii) seeing that all orders and resolutions of the Board
Members are carried into effect; and (iii) maintaining
records of and, whenever necessary, certifying all proceedings
of the Board Members and the shareholders.
Although the Board has direct responsibility over various
matters (such as advisory contracts, underwriting contracts and
Fund performance), the Board also exercises certain of its
oversight responsibilities through several committees that it
has established and which report back to the full Board. The
Board believes that a committee structure is an effective means
to permit Board Members to focus on particular operations or
issues affecting the Funds, including risk oversight. More
specifically, with respect to risk oversight, the Board has
delegated matters relating to valuation and compliance to
certain committees (as summarized below) as well as certain
aspects of investment risk. In addition, the Board believes that
the periodic rotation of
19
Board Members among the different committees allows the Board
Members to gain additional and different perspectives of a
Funds operations. The Board has established five standing
committees: the Executive Committee, the Dividend Committee, the
Audit Committee, the Compliance, Risk Management and Regulatory
Oversight Committee and the Nominating and Governance Committee.
The Board may also from time to time create ad hoc committees to
focus on particular issues as the need arises. The membership
and functions of the standing committees are summarized below.
The Executive Committee, which meets between regular meetings of
the Board, is authorized to exercise all of the powers of the
Board. The members of the Executive Committee are Robert P.
Bremner, Chair, Judith M. Stockdale and John P. Amboian. The
number of Executive Committee meetings of each Fund held during
its last fiscal year is shown in Appendix C.
The Dividend Committee is authorized to declare distributions on
each Funds shares including, but not limited to, regular
and special dividends, capital gains and ordinary income
distributions. The members of the Dividend Committee are Jack B.
Evans, Chair, Judith M. Stockdale and Terence J. Toth.
The number of Dividend Committee meetings of each Fund held
during its last fiscal year is shown in Appendix C.
The Board has an Audit Committee, in accordance with
Section 3(a)(58)(A) of the Securities Exchange Act of 1934,
as amended (the 1934 Act), that is composed of
Independent Board Members who are also independent
as that term is defined in the listing standards pertaining to
closed-end funds of the New York Stock Exchange, NYSE Amex or
NASDAQ Stock Market, LLC, as applicable. The Audit Committee
assists the Board in the oversight and monitoring of the
accounting and reporting policies, processes and practices of
the Funds, and the audits of the financial statements of the
Funds; the quality and integrity of the financial statements of
the Funds; the Funds compliance with legal and regulatory
requirements relating to the Funds financial statements;
the independent auditors qualifications, performance and
independence; and the pricing procedures of the Funds and the
internal valuation group of Nuveen. It is the responsibility of
the Audit Committee to select, evaluate and replace any
independent auditors (subject only to Board and, if applicable,
shareholder ratification) and to determine their compensation.
The Audit Committee is also responsible for, among other things,
overseeing the valuation of securities comprising the
Funds portfolios. Subject to the Boards general
supervision of such actions, the Audit Committee addresses any
valuation issues, oversees the Funds pricing procedures
and actions taken by Nuveens internal valuation group
which provides regular reports to the committee, reviews any
issues relating to the valuation of the Funds securities
brought to its attention and considers the risks to the Funds in
assessing the possible resolutions to these matters. The Audit
Committee may also consider any financial risk exposures for the
Funds in conjunction with performing its functions.
To fulfill its oversight duties, the Audit Committee receives
annual and semi-annual reports and has regular meetings with the
external auditors for the Funds and the internal audit group at
Nuveen. The Audit Committee also may review in a general manner
the processes the Board or other Board committees have in place
with respect to risk assessment and risk management as well as
compliance with legal and regulatory matters relating to the
Funds financial statements. The Audit Committee operates
under a written Audit Committee Charter adopted and approved by
the Board, which Charter conforms to the listing standards of
the New York Stock Exchange, NYSE Amex or NASDAQ Stock Market,
LLC, as applicable. Members of the
20
Audit Committee are independent (as set forth in the Charter)
and free of any relationship that, in the opinion of the Board
Members, would interfere with their exercise of independent
judgment as an Audit Committee member. The members of the Audit
Committee are Robert P. Bremner, David J. Kundert, Chair,
William J. Schneider, Carole E. Stone and Terence J. Toth, each
of whom is an Independent Board Member of the Funds. A copy of
the Audit Committee Charter is attached as Appendix D. The
number of Audit Committee meetings of each Fund held during its
last fiscal year is shown in Appendix C.
The Compliance, Risk Management and Regulatory Oversight
Committee (the Compliance Committee) is responsible
for the oversight of compliance issues, risk management and
other regulatory matters affecting the Funds that are not
otherwise the jurisdiction of the other committees. The Board
has adopted and periodically reviews policies and procedures
designed to address the Funds compliance and risk matters.
As part of its duties, the Compliance Committee reviews the
policies and procedures relating to compliance matters and
recommends modifications thereto as necessary or appropriate to
the full Board; develops new policies and procedures as new
regulatory matters affecting the Funds arise from time to time;
evaluates or considers any comments or reports from examinations
from regulatory authorities and responses thereto; and performs
any special reviews, investigations or other oversight
responsibilities relating to risk management, compliance
and/or
regulatory matters as requested by the Board.
In addition, the Compliance Committee is responsible for risk
oversight, including, but not limited to, the oversight of risks
related to investments and operations. Such risks include, among
other things, exposures to particular issuers, market sectors,
or types of securities; risks related to product structure
elements, such as leverage; and techniques that may be used to
address those risks, such as hedging and swaps. In assessing
issues brought to the Compliance Committees attention or
in reviewing a particular policy, procedure, investment
technique or strategy, the Compliance Committee evaluates the
risks to the Funds in adopting a particular approach or
resolution compared to the anticipated benefits to the Funds and
their shareholders. In fulfilling its obligations, the
Compliance Committee meets on a quarterly basis, and at least
once a year in person. The Compliance Committee receives written
and oral reports from the Funds Chief Compliance Officer
(CCO) and meets privately with the CCO at each of
its quarterly meetings. The CCO also provides an annual report
to the full Board regarding the operations of the Funds
and other service providers compliance programs as well as
any recommendations for modifications thereto. The Compliance
Committee also receives reports from the investment services
group of Nuveen regarding various investment risks.
Notwithstanding the foregoing, the full Board also participates
in discussions with management regarding certain matters
relating to investment risk, such as the use of leverage and
hedging. The investment services group therefore also reports to
the full Board at its quarterly meetings regarding, among other
things, Fund performance and the various drivers of such
performance. Accordingly, the Board directly
and/or
in
conjunction with the Compliance Committee oversees matters
relating to investment risks. Matters not addressed at the
committee level are addressed directly by the full Board. The
Compliance Committee operates under a written charter adopted
and approved by the Board. The members of the Compliance
Committee are Jack B. Evans, William C. Hunter, William J.
Schneider, Judith M. Stockdale, Chair, and Virginia L. Stringer.
The number of Compliance Committee meetings of each Fund held
during its last fiscal year is shown in Appendix C.
21
The Nominating and Governance Committee is responsible for
seeking, identifying and recommending to the Board qualified
candidates for election or appointment to the Board. In
addition, the Nominating and Governance Committee oversees
matters of corporate governance, including the evaluation of
Board performance and processes, the assignment and rotation of
committee members, and the establishment of corporate governance
guidelines and procedures, to the extent necessary or desirable,
and matters related thereto. Although the unitary and committee
structure has been developed over the years and the Nominating
and Governance Committee believes the structure has provided
efficient and effective governance, the committee recognizes
that as demands on the Board evolve over time (such as through
an increase in the number of funds overseen or an increase in
the complexity of the issues raised), the committee must
continue to evaluate the Board and committee structures and
their processes and modify the foregoing as may be necessary or
appropriate to continue to provide effective governance.
Accordingly, the Nominating and Governance Committee has a
separate meeting each year to, among other things, review the
Board and committee structures, their performance and functions,
and recommend any modifications thereto or alternative
structures or processes that would enhance the Boards
governance over the Funds business.
In addition, the Nominating and Governance Committee, among
other things, makes recommendations concerning the continuing
education of Board Members; monitors performance of legal
counsel and other service providers; establishes and monitors a
process by which security holders are able to communicate in
writing with Board Members; and periodically reviews and makes
recommendations about any appropriate changes to Board Member
compensation. In the event of a vacancy on the Board, the
Nominating and Governance Committee receives suggestions from
various sources as to suitable candidates. Suggestions should be
sent in writing to Lorna Ferguson, Manager of Fund Board
Relations, Nuveen Investments, 333 West Wacker Drive,
Chicago, IL 60606. The Nominating and Governance Committee sets
appropriate standards and requirements for nominations for new
Board Members and reserves the right to interview any and all
candidates and to make the final selection of any new Board
Members. In considering a candidates qualifications, each
candidate must meet certain basic requirements, including
relevant skills and experience, time availability (including the
time requirements for due diligence site visits to internal and
external
sub-advisers
and service providers) and, if qualifying as an Independent
Board Member candidate, independence from the Adviser,
sub-advisers,
underwriters or other service providers, including any
affiliates of these entities. These skill and experience
requirements may vary depending on the current composition of
the Board, since the goal is to ensure an appropriate range of
skills, diversity and experience, in the aggregate. Accordingly,
the particular factors considered and weight given to these
factors will depend on the composition of the Board and the
skills and backgrounds of the incumbent Board Member at the time
of consideration of the nominees. All candidates, however, must
meet high expectations of personal integrity, independence,
governance experience and professional competence. All
candidates must be willing to be critical within the Board and
with management and yet maintain a collegial and collaborative
manner toward other Board Members. The Nominating and Governance
Committee operates under a written charter adopted and approved
by the Board, a copy of which is available on the Funds
website at www.nuveen.com/CEF/Info/Shareholder/, and is composed
entirely of Independent Board Members who are also
independent as defined by New York Stock Exchange,
NYSE Amex or NASDAQ Stock Market, LLC listing standards, as
applicable. Accordingly, the members of the Nominating and
Governance Committee are Robert P. Bremner, Chair, Jack B.
Evans, William C. Hunter, David J. Kundert, William J.
Schneider, Judith M. Stockdale, Carole E. Stone, Virginia L.
22
Stringer and Terence J. Toth. The number of Nominating and
Governance Committee meetings of each Fund held during its last
fiscal year is shown in Appendix C.
The number of regular quarterly meetings and special meetings
held by the Board of each Fund during the Funds last
fiscal year is shown in Appendix C. During the last fiscal
year, each Board Member attended 75% or more of each Funds
Board meetings and the committee meetings (if a member thereof)
held during the period for which such Board Member was a Board
Member. The policy of the Board relating to attendance by Board
Members at annual meetings of the Funds and the number of Board
Members who attended the last annual meeting of shareholders of
each Fund is posted on the Funds website at
www.nuveen.com/CEF/Info/Shareholder/.
Board Diversification and Board Member Qualifications.
In
determining that a particular Board member was qualified to
serve on the Board, the Board has considered each Board
Members background, skills, experience and other
attributes in light of the composition of the Board with no
particular factor controlling. The Board believes that Board
Members need to have the ability to critically review, evaluate,
question and discuss information provided to them, and to
interact effectively with Fund management, service providers and
counsel, in order to exercise effective business judgment in the
performance of their duties, and the Board believes each Board
Member satisfies this standard. An effective Board Member may
achieve this ability through his or her educational background;
business, professional training or practice; public service or
academic positions; experience from service as a board member or
executive of investment funds, public companies or significant
private or
not-for-profit
entities or other organizations; and or/other life experiences.
Accordingly, set forth below is a summary of the experiences,
qualifications, attributes, and skills that led to the
conclusion, as of the date of this document, that each Board
Member should continue to serve in that capacity. References to
the experiences, qualifications, attributes and skills of Board
Members are pursuant to requirements of the Securities and
Exchange Commission, do not constitute holding out the Board or
any Board Member as having any special expertise or experience
and shall not impose any greater responsibility or liability on
any such person or on the Board by reason thereof.
John P.
Amboian
Mr. Amboian, an interested Board Member of the Funds,
joined Nuveen Investments, Inc. in June 1995 and became Chief
Executive Officer in July 2007 and Chairman in November 2007.
Prior to this, since 1999, he served as President with
responsibility for the firms product, marketing, sales,
operations and administrative activities. Mr. Amboian
initially served Nuveen Investments as Executive Vice President
and Chief Financial Officer. Prior to joining Nuveen
Investments, Mr. Amboian held key management positions with
two consumer product firms affiliated with the Phillip Morris
Companies. He served as Senior Vice President of Finance,
Strategy and Systems at Miller Brewing Company. Mr. Amboian
began his career in corporate and international finance at Kraft
Foods, Inc., where he eventually served as Treasurer. He
received a Bachelors degree in economics and a Masters of
Business Administration (MBA) from the University of
Chicago. Mr. Amboian serves on the Board of Directors of
Nuveen Investments, Inc. and is a Board Member or Trustee of the
Investment Company Institute Board of Governors, Boys and Girls
Clubs of Chicago, Childrens Memorial Hospital and
Foundation, the Council on the Graduate School of Business
(University of Chicago), and the North Shore Country Day School
Foundation. He is also a member of the Civic Committee of the
Commercial Club of Chicago and the Economic Club of Chicago.
23
Robert P.
Bremner
Mr. Bremner, the Boards Independent Chairman, is a
private investor and management consultant in
Washington, D.C. His biography of William McChesney
Martin, Jr., a former chairman of the Federal Reserve
Board, was published by Yale University Press in November 2004.
From 1994 to 1997, he was a Senior Vice President at Samuels
International Associates, an international consulting firm
specializing in governmental policies, where he served in a
part-time capacity. Previously, Mr. Bremner was a partner
in the LBK Investors Partnership and was chairman and majority
stockholder with ITC Investors Inc., both private investment
firms. He currently serves on the Board and as Treasurer of the
Humanities Council of Washington D.C. and is a Board Member of
the Independent Directors Council affiliated with the Investment
Company Institute. From 1984 to 1996, Mr. Bremner was an
independent Trustee of the Flagship Funds, a group of municipal
open-end funds. He began his career at the World Bank in
Washington D.C. He graduated with a Bachelor of Science degree
from Yale University and received his MBA from Harvard
University.
Jack B.
Evans
President of the Hall-Perrine Foundation, a private
philanthropic corporation, since 1996, Mr. Evans was
formerly President and Chief Operating Officer of the SCI
Financial Group, Inc., a regional financial services firm
headquartered in Cedar Rapids, Iowa. Formerly, he was a member
of the Board of the Federal Reserve Bank of Chicago as well as a
Director of Alliant Energy. Mr. Evans is Chairman of the
Board of United Fire Group, sits on the Board of the Source
Media Group, is President Pro Tem of the Board of Regents for
the State of Iowa University System, is a Life Trustee of Coe
College and is a member of the Advisory Council of the
Department of Finance in the Tippie College of Business,
University of Iowa. He has a Bachelor of Arts degree from Coe
College and an MBA from the University of Iowa.
William C.
Hunter
Mr. Hunter was appointed Dean of the Henry B. Tippie
College of Business at the University of Iowa effective
July 1, 2006. He had been Dean and Distinguished Professor
of Finance at the University of Connecticut School of Business
since June 2003. From 1995 to 2003, he was the Senior Vice
President and Director of Research at the Federal Reserve Bank
of Chicago. While there he served as the Banks Chief
Economist and was an Associate Economist on the Federal Reserve
Systems Federal Open Market Committee (FOMC). In addition
to serving as a Vice President in charge of financial markets
and basic research at the Federal Reserve Bank in Atlanta, he
held faculty positions at Emory University, Atlanta University,
the University of Georgia and Northwestern University. A past
Director of the Credit Research Center at Georgetown University
and past President of the Financial Management Association
International, he has consulted with numerous foreign central
banks and official agencies in Western
Europe, Central and Eastern Europe, Asia, Central America and
South America. From 1990 to 1995, he was a U.S. Treasury
Advisor to Central and Eastern Europe. He has been a Director of
the Xerox Corporation since 2004. He is President-Elect of Beta
Gamma Sigma, Inc., the International Business Honor Society.
24
David J.
Kundert
Mr. Kundert retired in 2004 as Chairman of JPMorgan Fleming
Asset Management, as President and CEO of Banc One Investment
Advisors Corporation, and as President of One Group Mutual
Funds. Prior to the merger between Bank One Corporation and
JPMorgan Chase and Co., he was Executive Vice President, Bank
One Corporation and, since 1995, the Chairman and CEO, Banc One
Investment Management Group. From 1988 to 1992, he was President
and CEO of Bank One Wisconsin Trust Company. Currently,
Mr. Kundert is a Director of the Northwestern Mutual Wealth
Management Company. He started his career as an attorney for
Northwestern Mutual Life Insurance Company. Mr. Kundert has
served on the Board of Governors of the Investment Company
Institute and he is currently a member of the Wisconsin Bar
Association. He is on the Board of the Greater Milwaukee
Foundation and chairs its Investment Committee. He received his
Bachelor of Arts degree from Luther College, and his Juris
Doctor from Valparaiso University.
William J.
Schneider
Mr. Schneider is currently Chairman, formerly Senior
Partner and Chief Operating Officer (retired, December
2004) of Miller-Valentine Partners Ltd., a real estate
investment company. He was formerly a Director and Past Chair of
the Dayton Development Coalition. He was formerly a member of
the Community Advisory Board of the National City Bank in Dayton
as well as a former member of the Business Advisory Council of
the Cleveland Federal Reserve Bank. Mr. Schneider is a
member of the Business Advisory Council for the University of
Dayton College of Business. Mr. Schneider was an
independent Trustee of the Flagship Funds, a group of municipal
open-end funds. He also served as Chair of the Miami Valley
Hospital and as Chair of the Finance Committee of its parent
holding company. Mr. Schneider has a Bachelor of Science in
Community Planning from the University of Cincinnati and a
Masters of Public Administration from the University of Dayton.
Judith M.
Stockdale
Ms. Stockdale is currently Executive Director of the
Gaylord and Dorothy Donnelley Foundation, a private foundation
working in land conservation and artistic vitality in the
Chicago region and the Lowcountry of South Carolina. Her
previous positions include Executive Director of the Great Lakes
Protection Fund, Executive Director of Openlands, and Senior
Staff Associate at the Chicago Community Trust. She has served
on the Boards of the Land Trust Alliance, the National
Zoological Park, the Governors Science Advisory Council
(Illinois), the Nancy Ryerson Ranney Leadership Grants Program,
Friends of Ryerson Woods and the Donors Forum.
Ms. Stockdale, a native of the United Kingdom, has a
Bachelor of Science degree in geography from the University of
Durham (UK) and a Master of Forest Science degree from Yale
University.
Carole E.
Stone
Ms. Stone retired from the New York State Division of the
Budget in 2004, having served as its Director for nearly five
years and as Deputy Director from 1995 through 1999.
Ms. Stone is currently on the Board of Directors of the
Chicago Board Options Exchange, CBOE Holdings, Inc. and C2
Options Exchange, Incorporated. She has also served as the Chair
of the New York Racing Association Oversight Board, as Chair of
the Public Authorities Control Board, as a Commissioner on the
New York State Commission on Public Authority Reform and as a
member of the Boards of Directors of several New York State
public authorities. Ms. Stone has a Bachelor of Arts from
Skidmore College in Business Administration.
25
Virginia L.
Stringer
Ms. Stringer served as the independent chair of the Board
of the First American Funds from 1997 to 2010, having joined
that Board in 1987. Ms. Stringer serves on the Governing
Board of the Investment Company Institutes Independent
Directors Council and on the board of the Mutual
Fund Directors Forum. She is a recipient of the Outstanding
Corporate Director award from Twin Cities Business Monthly and
the Minnesota Chapter of the National Association of Corporate
Directors. Ms. Stringer is the immediate past board chair
of the Oak Leaf Trust, is a director and immediate past board
chair of the Saint Paul Riverfront Corporation and is immediate
past President of the Minneapolis Clubs Governing Board.
She is a director and former board chair of the Minnesota Opera
and a Life Trustee and former board of the Voyageur Outward
Bound School. She also served as a trustee of Outward Bound USA.
She was appointed by the Governor of Minnesota Board on Judicial
Standards and recently served on a Minnesota Supreme Court
Judicial Advisory Committee to reform the states judicial
disciplinary process. She is a member of the International
Womens Forum and attended the London Business School as an
International Business Fellow. Ms. Stringer also served as
board chair of the Human Resource Planning Society, the
Minnesota Womens Campaign Fund and the Minnesota
Womens Economic Roundtable. Ms. Stringer is the
retired founder of Strategic Management Resources, a consulting
practice focused on corporate governance, strategy and
leadership. She has twenty five years of corporate experience
having held executive positions in general management, marketing
and human resources with IBM and the Pillsbury Company.
Terence J.
Toth
Mr. Toth has served as a Director of Legal &
General Investment Management America, Inc. since 2008 and as a
Managing Partner at Promus Capital since 2008. From 2004 to
2007, he was Chief Executive Officer and President of Northern
Trust Global Investments, and Executive Vice President of
Quantitative Management & Securities Lending from 2000
to 2004. He also formerly served on the Board of the Northern
Trust Mutual Funds. He joined Northern Trust in 1994 after
serving as Managing Director and Head of Global Securities
Lending at Bankers Trust (1986 to 1994) and Head of
Government Trading and Cash Collateral Investment at Northern
Trust from 1982 to 1986. He currently serves on the Boards of
the Goodman Theatre, Chicago Fellowship, and is Chairman of the
Board of Catalyst Schools of Chicago. Mr. Toth graduated
with a Bachelor of Science degree from the University of
Illinois, and received his MBA from New York University. In
2005, he graduated from the CEO Perspectives Program at
Northwestern University.
Board Member Terms.
For each Maryland Fund, and for each
Minnesota Fund except New York Value, all Board Members are
elected annually. For each Massachusetts Fund, and New York
Value, shareholders will be asked to elect Board Members as each
Board Members term expires, and with respect to Board
Members elected by holders of Common Shares such Board Member
shall be elected for a term expiring at the time of the third
succeeding annual meeting subsequent to their election or
thereafter in each case when their respective successors are
duly elected and qualified. These provisions could delay for up
to two years the replacement of a majority of the Board.
26
The
Officers
The following table sets forth information with respect to each
officer of the Funds. Officers receive no compensation from the
Funds. The officers are elected by the Board on an annual basis
to serve until successors are elected and qualified.
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Number of
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Term of
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Portfolios
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Office and
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in Fund
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Position(s)
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Length of
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Complex
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Name, Address
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Held
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Time
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Principal Occupation(s)
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Served by
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and Birth Date
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with Fund
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Served
(1)
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During Past 5 Years
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Officer
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Gifford R. Zimmerman
333 West Wacker Drive
Chicago, IL 60606
(9/9/56)
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President of Maryland Corporations and Chief Administrative
Officer of all other Funds
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Term: Annual Length of Service: Since 1988
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Managing Director (since 2002), Assistant Secretary and
Associate General Counsel of Nuveen Investments, LLC; Managing
Director (since 2002), Assistant Secretary (since 1997) and
Co-General Counsel (since 2011) of Nuveen Fund Advisors;
Managing Director (since 2004) and Assistant Secretary (since
1994) of Nuveen Investments, Inc.; Managing Director, Assistant
Secretary and Associate General Counsel of Nuveen Asset
Management, LLC (since 2011); Vice President and Assistant
Secretary of NWQ Investment Management Company, LLC and Nuveen
Investments Advisers Inc. (since 2002); Managing Director,
Associate General Counsel and Assistant Secretary of Symphony
Asset Management LLC (since 2003); Vice President and Assistant
Secretary of Tradewinds Global Investors, LLC and
Santa Barbara Asset Management, LLC (since 2006), and
Nuveen HydePark Group, LLC and Nuveen Investment Solutions, Inc.
(since 2007) and of Winslow Capital Management, Inc. (since
2010); Chief Administrative Officer and Chief Compliance Officer
(since 2010) of Nuveen Commodities Asset Management, LLC;
Chartered Financial Analyst.
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246
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27
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Number of
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Term of
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Portfolios
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Office and
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in Fund
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Position(s)
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Length of
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Complex
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Name, Address
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Held
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Time
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Principal Occupation(s)
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Served by
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and Birth Date
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with Fund
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Served
(1)
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During Past 5 Years
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Officer
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Williams Adams IV
333 West Wacker Drive
Chicago, IL 60606
(6/9/55)
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Vice President
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Term: Annual Length of Service: Since 2007
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Senior Executive Vice President, Global Structured Products,
formerly, Executive Vice President
(1999-2010)
of Nuveen Investments, LLC; Co-President of Nuveen Fund
Advisors, Inc. (since 2011); Managing Director (since
2010) of Nuveen Commodities Asset Management, LLC.
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132
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Cedric H. Antosiewicz
333 West Wacker Drive
Chicago, IL 60606
(1/11/62)
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Vice President
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Term: Annual Length of Service: Since 2007
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Managing Director (since 2004) of Nuveen Investments LLC.
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132
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Margo L. Cook
333 West Wacker Drive
Chicago, IL 60606
(4/11/64)
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Vice President
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Term: Annual Length of Service: Since 2009
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Executive Vice President (since 2008) of Nuveen Investments,
Inc. and of Nuveen Fund Advisors (since 2011); previously, Head
of Institutional Asset Management (2007-2008) of Bear Stearns
Asset Management; Head of Institutional Asset Mgt. (1986-2007)
of Bank of NY Mellon; Chartered Financial Analyst.
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246
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Lorna C. Ferguson
333 West Wacker Drive
Chicago, IL 60606
(10/24/45)
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Vice President
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Term: Annual Length of Service: Since 1998
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Managing Director (since 2004) of Nuveen Investments, LLC;
Managing Director (since 2005) of Nuveen Fund Advisors.
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246
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Stephen D. Foy
333 West Wacker Drive
Chicago, IL 60606
(5/31/54)
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Vice President and Controller
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Term: Annual Length of Service: Since 1993
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Senior Vice President (since 2010); formerly, Vice President
(1993-2010) and Funds Controller (since 1998) of Nuveen
Investments, LLC; Vice President (2005-2010) of Nuveen Fund
Advisors; Certified Public Accountant.
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246
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28
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Number of
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Term of
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Portfolios
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Office and
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in Fund
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Position(s)
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Length of
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Complex
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Name, Address
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Held
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Time
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Principal Occupation(s)
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Served by
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and Birth Date
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with Fund
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Served
(1)
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During Past 5 Years
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Officer
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Scott S. Grace
333 West Wacker Drive
Chicago, IL 60606
(8/20/70)
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Vice President and Treasurer
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Term: Annual Length of Service: Since 2009
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Managing Director, Corporate Finance & Development,
Treasurer (since September 2009) of Nuveen Investments, LLC;
Managing Director and Treasurer of Nuveen Investment Solutions,
Inc., Nuveen Investments Advisers, Inc., Nuveen Investments
Holdings, Inc., Nuveen Fund Advisors and (since 2011) of Nuveen
Asset Management, LLC; Vice President and Treasurer of NWQ
Investment Management Company, LLC, Tradewinds Global Investors,
LLC, Symphony Asset Management LLC and Winslow Capital
Management, Inc.; Vice President of Santa Barbara Asset
Management, LLC; formerly, Treasurer (2006-2009), Senior Vice
President (2008-2009), previously, Vice President (2006-2008) of
Janus Capital Group, Inc.; formerly, Senior Associate in Morgan
Stanleys Global Financial Services Group (2000-2003);
Chartered Accountant Designation.
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246
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Walter M. Kelly
333 West Wacker Drive
Chicago, IL 60606
(2/24/70)
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Chief Compliance Officer and Vice President
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Term: Annual Length of Service: Since 2003
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Senior Vice President (since 2008), formerly, Vice President, of
Nuveen Investments, LLC; Senior Vice President (since 2008) and
Assistant Secretary (since 2003), of Nuveen Fund Advisors;
previously, Assistant Vice President and Assistant Secretary of
the Nuveen Funds (2003-2006).
|
|
|
246
|
|
|
|
|
|
|
|
|
|
|
|
|
Tina M. Lazar
333 West Wacker Drive
Chicago, IL 60606
(8/27/61)
|
|
Vice President
|
|
Term: Annual Length of Service: Since 2002
|
|
Senior Vice President (since 2009), formerly, Vice President of
Nuveen Investments, LLC (1999-2009); Senior Vice President
(since 2010), formerly, Vice President (2005-2010) of Nuveen
Fund Advisors.
|
|
|
246
|
|
|
|
|
|
|
|
|
|
|
|
|
29
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of
|
|
|
|
|
|
Term of
|
|
|
|
Portfolios
|
|
|
|
|
|
Office and
|
|
|
|
in Fund
|
|
|
|
Position(s)
|
|
Length of
|
|
|
|
Complex
|
|
Name, Address
|
|
Held
|
|
Time
|
|
Principal Occupation(s)
|
|
Served by
|
|
and Birth Date
|
|
with Fund
|
|
Served
(1)
|
|
During Past 5 Years
|
|
Officer
|
|
|
|
|
Larry W. Martin
333 West Wacker Drive
Chicago, IL 60606
(7/27/51)
|
|
Vice President and Assistant Secretary
|
|
Term: Annual Length of Service: Since 1988
|
|
Senior Vice President (since 2010), formerly, Vice President
(1993-2010), Assistant Secretary and Assistant General Counsel
of Nuveen Investments, LLC; Senior Vice President (since 2011)
of Nuveen Asset Management, LLC; Senior Vice President (since
2010), formerly, Vice President (2005-2010), and Assistant
Secretary of Nuveen Investments, Inc.; Senior Vice President
(since 2010), formerly, Vice President (2005-2010), and
Assistant Secretary (since 1997) of Nuveen Fund Advisors; Vice
President and Assistant Secretary of Nuveen Investments Advisers
Inc. (since 2002), NWQ Investment Management Company, LLC,
Symphony Asset Management, LLC. (since 2003), Tradewinds Global
Investors, LLC, Santa Barbara Asset Management LLC (since
2006), Nuveen HydePark Group, LLC, Nuveen Investment Solutions,
Inc. (since 2007) and of Winslow Capital Management, Inc. (since
2010); Vice President and Assistant Secretary of Nuveen
Commodities Asset Management, LLC (since 2010).
|
|
|
246
|
|
|
|
|
|
|
|
|
|
|
|
|
30
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of
|
|
|
|
|
|
Term of
|
|
|
|
Portfolios
|
|
|
|
|
|
Office and
|
|
|
|
in Fund
|
|
|
|
Position(s)
|
|
Length of
|
|
|
|
Complex
|
|
Name, Address
|
|
Held
|
|
Time
|
|
Principal Occupation(s)
|
|
Served by
|
|
and Birth Date
|
|
with Fund
|
|
Served
(1)
|
|
During Past 5 Years
|
|
Officer
|
|
|
|
|
Kevin J. McCarthy
333 West Wacker Drive
Chicago, IL 60606
(3/26/66)
|
|
Vice President and Secretary
|
|
Term: Annual Length of Service: Since 2007
|
|
Managing Director (since 2008), formerly, Vice President
(2007-2008) of Nuveen Investments, LLC; Managing Director (since
2008), Assistant Secretary (since 2007) and Co-General Counsel
(since 2011) of Nuveen Fund Advisors; Managing Director,
Assistant Secretary and Associate General Counsel (since 2011)
of Nuveen Asset Management, LLC; Vice President and Assistant
Secretary of Nuveen Investment Advisers Inc., NWQ Investment
Management Company, LLC, Tradewinds Global Investors, LLC, NWQ
Holdings, LLC, Symphony Asset Management LLC, Santa Barbara
Asset Management, LLC, Nuveen HydePark Group, LLC, Nuveen
Investment Solutions, Inc. and of Winslow Capital Management,
Inc. (since 2010); Vice President and Secretary (since 2010) of
Nuveen Commodities Asset Management, LLC; prior thereto,
Partner, Bell, Boyd & Lloyd LLP (1997-2007).
|
|
|
246
|
|
|
|
|
|
|
|
|
|
|
|
|
Kathleen L. Prudhomme
800 Nicollet Mall
Minneapolis, MN 55402
(3/30/53)
|
|
Vice President and Assistant Secretary
|
|
Term: Annual Length of Service: Since 2011
|
|
Managing Director, Assistant Secretary and Co-General Counsel
(since 2011) of Nuveen Fund Advisors; Managing Director,
Assistant Secretary and Associate General Counsel (since 2011)
of Nuveen Asset Management, LLC; Managing Director and Assistant
Secretary (since 2011) of Nuveen Investments, LLC;
formerly, Secretary of FASF (2004-2010); prior thereto,
Assistant Secretary of FASF (1998-2004); Deputy General Counsel,
FAF Advisors, Inc. (1998-2010).
|
|
|
246
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)
|
|
Length of Time Served indicates the
year the individual became an officer of a fund in the Nuveen
fund complex.
|
31
Audit
Committee Report
The audit committee of each Board is responsible for the
oversight and monitoring of (1) the accounting and
reporting policies, processes and practices, and the audit of
the financial statements, of each Fund, (2) the quality and
integrity of the Funds financial statements and
(3) the independent registered public accounting
firms qualifications, performance and independence. In its
oversight capacity, the committee reviews each Funds
annual financial statements with both management and the
independent registered public accounting firm and the committee
meets periodically with the independent registered public
accounting firm and internal auditors to consider their
evaluation of each Funds financial and internal controls.
The committee also selects, retains, evaluates and may replace
each Funds independent registered public accounting firm.
The committee is currently composed of five Independent Board
Members and operates under a written charter adopted and
approved by each Board. Each committee member meets the
independence and experience requirements, as applicable, of the
New York Stock Exchange, NYSE Amex, NASDAQ Stock Market, LLC,
Section 10A of the 1934 Act and the rules and
regulations of the SEC.
The committee, in discharging its duties, has met with and held
discussions with management and each Funds independent
registered public accounting firm. The committee has also
reviewed and discussed the audited financial statements with
management. Management has represented to the independent
registered public accounting firm that each Funds
financial statements were prepared in accordance with generally
accepted accounting principles. The committee has also discussed
with the independent registered public accounting firm the
matters required to be discussed by Statement on Auditing
Standards (SAS) No. 114, (The Auditors
Communication With Those Charged With Governance), which
supersedes SAS No. 61 (Communication with Audit
Committees). Each Funds independent registered public
accounting firm provided to the committee the written disclosure
required by Public Company Accounting Oversight Board
Rule 3526 (Communications with Audit Committees Concerning
Independence), and the committee discussed with representatives
of the independent registered public accounting firm their
firms independence. As provided in the Audit Committee
Charter, it is not the committees responsibility to
determine, and the considerations and discussions referenced
above do not ensure, that each Funds financial statements
are complete and accurate and presented in accordance with
generally accepted accounting principles.
Based on the committees review and discussions with
management and the independent registered public accounting
firm, the representations of management and the report of the
independent registered public accounting firm to the committee,
the committee has recommended that the audited financial
statements be included in each Funds Annual Report.
The current members of the committee are:
Robert P. Bremner
David J. Kundert
William J. Schneider
Carole E. Stone
Terence J. Toth
32
Audit and Related
Fees.
The following
tables provide the aggregate fees billed during each Funds
last two fiscal years by each Funds independent registered
public accounting firm for engagements directly related to the
operations and financial reporting of each Fund including those
relating (i) to each Fund for services provided to the Fund
and (ii) to the Adviser and certain entities controlling,
controlled by, or under common control with the Adviser that
provide ongoing services to each Fund (Adviser
Entities).
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Audit Fees
|
|
Audit Related Fees
|
|
Tax Fees
|
|
All Other Fees
|
|
|
|
|
|
|
|
|
Adviser and
|
|
|
|
Adviser and
|
|
|
|
Adviser and
|
|
|
|
|
Funds
(1)
|
|
Fund
(2)
|
|
Adviser Entitles
|
|
Fund
(3)
|
|
Adviser Entitles
|
|
Fund
(4)
|
|
Adviser Entitles
|
|
|
|
|
Fiscal
|
|
Fiscal
|
|
Fiscal
|
|
Fiscal
|
|
Fiscal
|
|
Fiscal
|
|
Fiscal
|
|
Fiscal
|
|
Fiscal
|
|
Fiscal
|
|
Fiscal
|
|
Fiscal
|
|
Fiscal
|
|
Fiscal
|
|
|
|
|
Year
|
|
Year
|
|
Year
|
|
Year
|
|
Year
|
|
Year
|
|
Year
|
|
Year
|
|
Year
|
|
Year
|
|
Year
|
|
Year
|
|
Year
|
|
Year
|
|
|
|
|
Ended
|
|
Ended
|
|
Ended
|
|
Ended
|
|
Ended
|
|
Ended
|
|
Ended
|
|
Ended
|
|
Ended
|
|
Ended
|
|
Ended
|
|
Ended
|
|
Ended
|
|
Ended
|
|
|
|
|
2009
|
|
2010
|
|
2009
|
|
2010
|
|
2009
|
|
2010
|
|
2009
|
|
2010
|
|
2009
|
|
2010
|
|
2009
|
|
2010
|
|
2009
|
|
2010
|
|
|
|
|
New York Dividend
|
|
$
|
13,112
|
|
|
$
|
13,493
|
|
|
$
|
0
|
|
|
$
|
20,000
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
850
|
|
|
$
|
850
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
|
|
|
New York Dividend 2
|
|
|
11,297
|
|
|
|
11,561
|
|
|
|
0
|
|
|
|
12,500
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
850
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
New York Investment Quality
|
|
|
19,617
|
|
|
|
19,673
|
|
|
|
0
|
|
|
|
1,500
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
3,400
|
|
|
|
3,400
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
New York Value
|
|
|
12,084
|
|
|
|
12,200
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
New York Value
2
(5)
|
|
|
9,000
|
|
|
|
8,493
|
|
|
|
8,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
New York Performance Plus
|
|
|
17,507
|
|
|
|
17,901
|
|
|
|
0
|
|
|
|
1,500
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
3,400
|
|
|
|
1,700
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
New York Quality
|
|
|
24,373
|
|
|
|
24,443
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
3,400
|
|
|
|
3,400
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
New York Select
|
|
|
24,162
|
|
|
|
24,439
|
|
|
|
0
|
|
|
|
1,500
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
3,400
|
|
|
|
3,400
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
Insured New York Dividend
|
|
|
12,798
|
|
|
|
12,885
|
|
|
|
6,250
|
|
|
|
1,500
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
Insured New York Premium
|
|
|
13,075
|
|
|
|
13,096
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
3,400
|
|
|
|
3,400
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
Insured New York Tax-Free
|
|
|
9,835
|
|
|
|
9,919
|
|
|
|
0
|
|
|
|
12,500
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
850
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
Core Equity
|
|
|
17,227
|
|
|
|
25,273
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
2,750
|
|
|
|
2,840
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
Real Estate
|
|
|
23,500
|
|
|
|
23,600
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
6,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
Diversified Dividend
|
|
|
33,000
|
|
|
|
33,100
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
2,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
Equity Premium
|
|
|
18,224
|
|
|
|
25,425
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
1,850
|
|
|
|
1,905
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
Equity Premium Advantage
|
|
|
22,782
|
|
|
|
26,485
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
1,850
|
|
|
|
1,905
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
Equity Premium Income
|
|
|
28,937
|
|
|
|
27,793
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
1,850
|
|
|
|
1,905
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
Equity Premium Opportunity
|
|
|
42,894
|
|
|
|
30,994
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
1,850
|
|
|
|
1,905
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
Quality Preferred
|
|
|
22,502
|
|
|
|
22,304
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
6,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
Quality Preferred 2
|
|
|
34,585
|
|
|
|
34,900
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
6,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
Quality Preferred 3
|
|
|
14,163
|
|
|
|
14,346
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
6,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
Tax-Advantaged
|
|
|
26,000
|
|
|
|
26,100
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
2,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
Tax-Advantaged Dividend
|
|
|
22,000
|
|
|
|
22,100
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
Global Government
|
|
|
26,316
|
|
|
|
38,894
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
2,500
|
|
|
|
2,575
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
Global Value
|
|
|
20,530
|
|
|
|
26,472
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
1,850
|
|
|
|
1,905
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
Mortgage
Opportunity
(6)
|
|
|
36,500
|
|
|
|
40,787
|
|
|
|
0
|
|
|
|
5,500
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
15,358
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
Mortgage Opportunity
2
(7)
|
|
|
N/A
|
|
|
|
38,519
|
|
|
|
N/A
|
|
|
|
5,500
|
|
|
|
N/A
|
|
|
|
0
|
|
|
|
N/A
|
|
|
|
6,592
|
|
|
|
N/A
|
|
|
|
0
|
|
|
|
N/A
|
|
|
|
0
|
|
|
|
N/A
|
|
|
|
0
|
|
|
|
|
|
Multi-Currency
|
|
|
50,816
|
|
|
|
43,722
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
2,500
|
|
|
|
2,575
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
Multi-Strategy
|
|
|
23,436
|
|
|
|
23,484
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
3,785
|
|
|
|
2,257
|
|
|
|
0
|
|
|
|
0
|
|
|
|
6,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
Multi-Strategy 2
|
|
|
29,564
|
|
|
|
29,716
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
3,441
|
|
|
|
2,051
|
|
|
|
0
|
|
|
|
0
|
|
|
|
6,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
Dow 30
Premium
(8)
|
|
|
23,000
|
|
|
|
26,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
8,500
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
Global
Income
(8)
|
|
|
30,000
|
|
|
|
26,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
8,500
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
NASDAQ
Premium
(9)
|
|
|
31,000
|
|
|
|
26,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
8,500
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
Dow 30
Enhanced
(8)
|
|
|
31,000
|
|
|
|
26,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
8,500
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
MLP & Strategic
Equity
(8)
|
|
|
40,000
|
|
|
|
50,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
10,000
|
|
|
|
15,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
|
|
|
|
|
(1)
|
|
Audit Fees are the
aggregate fees billed for professional services for the audit of
the Funds annual financial statements and services
provided in connection with statutory and regulatory filings or
engagements.
|
(2)
|
|
Audit Related Fees are
the aggregate fees billed for assurance and related services
reasonably related to the performance of audit or review of
financial statements and are not reported under Audit
Fees.
|
(3)
|
|
Tax Fees are the
aggregate fees billed for professional services for tax advice,
tax compliance and tax planning.
|
(4)
|
|
All Other Fees are the
aggregate fees billed for products and services for
agreed-upon
procedures engagements for the leveraged Funds.
|
(5)
|
|
The Fund commenced operations on
April 28, 2009.
|
(6)
|
|
The Fund commenced operations on
November 25, 2009.
|
(7)
|
|
The Fund commenced operations on
February 24, 2010.
|
(8)
|
|
The Fund was acquired on
October 6, 2010.
|
(9)
|
|
The Fund was acquired on
October 28, 2010.
|
33
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Non-Audit Fees Billed
|
|
|
|
|
|
|
|
|
to
|
|
|
|
|
|
|
|
|
Adviser and Adviser Entitles
|
|
|
|
|
|
|
|
|
(Engagements Related
|
|
Total Non-Audit Fees Billed
|
|
|
|
|
|
|
Directly to the Operations
|
|
to
|
|
|
|
|
Total Non-Audit
|
|
and
|
|
Adviser and Adviser Entitles
|
|
|
|
|
Fees Billed to Fund
|
|
Financial Reporting of Fund)
|
|
(All Other Engagements)
|
|
Total
|
|
|
Fiscal Year
|
|
Fiscal Year
|
|
Fiscal Year
|
|
Fiscal Year
|
|
Fiscal Year
|
|
Fiscal Year
|
|
Fiscal Year
|
|
Fiscal Year
|
|
|
Ended 2009
|
|
Ended 2010
|
|
Ended 2009
|
|
Ended 2010
|
|
Ended 2009
|
|
Ended 2010
|
|
Ended 2009
|
|
Ended 2010
|
|
|
New York Dividend
|
|
$
|
850
|
|
|
$
|
850
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
850
|
|
|
$
|
850
|
|
New York Dividend 2
|
|
|
850
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
850
|
|
|
|
0
|
|
New York Investment Quality
|
|
|
3,400
|
|
|
|
3,400
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
3,400
|
|
|
|
3,400
|
|
New York Value
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
New York Value
2
(1)
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
New York Performance Plus
|
|
|
3,400
|
|
|
|
1,700
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
3,400
|
|
|
|
1,700
|
|
New York Quality
|
|
|
3,400
|
|
|
|
3,400
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
3,400
|
|
|
|
3,400
|
|
New York Select
|
|
|
3,400
|
|
|
|
3,400
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
3,400
|
|
|
|
3,400
|
|
Insured New York Dividend
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Insured New York Premium
|
|
|
3,400
|
|
|
|
3,400
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
3,400
|
|
|
|
3,400
|
|
Insured New York Tax-Free
|
|
|
850
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
850
|
|
|
|
0
|
|
Core Equity
|
|
|
2,750
|
|
|
|
2,840
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
2,750
|
|
|
|
2,840
|
|
Real Estate
|
|
|
6,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
6,000
|
|
|
|
0
|
|
Diversified Dividend
|
|
|
2,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
2,000
|
|
|
|
0
|
|
Equity Premium
|
|
|
1,850
|
|
|
|
1,905
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
1,850
|
|
|
|
1,905
|
|
Equity Premium Advantage
|
|
|
1,850
|
|
|
|
1,905
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
1,850
|
|
|
|
1,905
|
|
Equity Premium Income
|
|
|
1,850
|
|
|
|
1,905
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
1,850
|
|
|
|
1,905
|
|
Equity Premium Opportunity
|
|
|
1,850
|
|
|
|
1,905
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
1,850
|
|
|
|
1,905
|
|
Quality Preferred
|
|
|
6,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
6,000
|
|
|
|
0
|
|
Quality Preferred 2
|
|
|
6,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
6,000
|
|
|
|
0
|
|
Quality Preferred 3
|
|
|
6,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
6,000
|
|
|
|
0
|
|
Tax-Advantaged
|
|
|
2,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
2,000
|
|
|
|
0
|
|
Tax-Advantaged Dividend
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Global Government
|
|
|
2,500
|
|
|
|
2,575
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
2,500
|
|
|
|
2,575
|
|
Global Value
|
|
|
1,850
|
|
|
|
1,905
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
1,850
|
|
|
|
1,905
|
|
Mortgage
Opportunity
(2)
|
|
|
0
|
|
|
|
15,358
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
15,358
|
|
Mortgage Opportunity
2
(3)
|
|
|
N/A
|
|
|
|
6,592
|
|
|
|
N/A
|
|
|
|
0
|
|
|
|
N/A
|
|
|
|
0
|
|
|
|
N/A
|
|
|
|
6,592
|
|
Multi-Currency
|
|
|
2,500
|
|
|
|
2,575
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
2,500
|
|
|
|
2,575
|
|
Multi-Strategy
|
|
|
9,785
|
|
|
|
2,257
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
9,785
|
|
|
|
2,257
|
|
Multi-Strategy 2
|
|
|
9,441
|
|
|
|
2,051
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
9,441
|
|
|
|
2,051
|
|
Dow 30
Premium
(4)
|
|
|
8,500
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
8,500
|
|
|
|
0
|
|
Global
Income
(4)
|
|
|
8,500
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
8,500
|
|
|
|
0
|
|
NASDAQ
Premium
(5)
|
|
|
8,500
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
8,500
|
|
|
|
0
|
|
Dow 30
Enhanced
(4)
|
|
|
8,500
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
8,500
|
|
|
|
0
|
|
MLP & Strategic
Equity
(4)
|
|
|
10,000
|
|
|
|
15,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
10,000
|
|
|
|
15,000
|
|
|
|
|
|
(1)
|
|
The Fund commenced operations on
April 28, 2009.
|
(2)
|
|
The Fund commenced operations on
November 25, 2009.
|
(3)
|
|
The Fund commenced operations on
February 24, 2010.
|
(4)
|
|
The Fund was acquired on
October 6, 2010.
|
(5)
|
|
The Fund was acquired on
October 28, 2010.
|
34
Audit Committee Pre-Approval Policies and
Procedures.
Generally, the audit committee must approve
each Funds independent registered public accounting
firms engagements (i) with the Fund for audit or
non-audit services and (ii) with the Adviser and Adviser
Entities for non-audit services if the engagement relates
directly to the operations and financial reporting of the Fund.
Regarding tax and research projects conducted by the independent
registered public accounting firm for each Fund and the Adviser
and Adviser Entities (with respect to the operations and
financial reporting of each Fund), such engagements will be
(i) pre-approved by the audit committee if they are
expected to be for amounts greater than $10,000;
(ii) reported to the audit committee chairman for his
verbal approval prior to engagement if they are expected to be
for amounts under $10,000 but greater than $5,000; and
(iii) reported to the audit committee at the next audit
committee meeting if they are expected to be for an amount under
$5,000.
The audit committee has approved in advance all audit services
and non-audit services that the independent registered public
accounting firm provided to each Fund and to the Adviser and
Adviser Entities (with respect to the operations and financial
reporting of each Fund). None of the services rendered by the
independent registered public accounting firm to each Fund or
the Adviser or Adviser Entities were pre-approved by the audit
committee pursuant to the pre-approval exception under
Rule 2.01(c)(7)(i)(C) or Rule 2.01(c)(7)(ii) of
Regulation S-X.
Additional
Information
Appointment of
the Independent Registered Public Accounting Firm
The Board of each Fund (except Equity Premium, Equity Premium
Advantage, Equity Premium Income, Core Equity, Equity Premium
Opportunity, Global Government, Global Value, Mortgage
Opportunity, Mortgage Opportunity 2, Multi-Currency, Dow 30
Premium, Global Income, NASDAQ Premium, Dow 30 Enhanced and
MLP & Strategic Equity) has appointed
Ernst & Young LLP as independent registered public
accounting firm to audit the books and records of the Fund for
its current fiscal year. The Boards of Equity Premium, Equity
Premium Advantage, Equity Premium Income, Core Equity, Equity
Premium Opportunity, Global Government, Global Value, Mortgage
Opportunity, Mortgage Opportunity 2, Multi-Currency, Dow 30
Premium, Global Income, NASDAQ Premium, Dow 30 Enhanced and
MLP & Strategic Equity have appointed
PricewaterhouseCoopers LLP as independent registered public
accounting firm to audit the books and records of these Funds
for their current fiscal years. A representative of each
independent registered public accounting firm will be present at
the Annual Meetings to make a statement, if such representative
so desires, and to respond to shareholders questions. Each
independent registered public accounting firm has informed each
applicable Fund that it has no direct or indirect material
financial interest in the Funds, Nuveen, the Adviser or any
other investment company sponsored by Nuveen.
Section 16(a)
Beneficial Interest Reporting Compliance
Section 30(h) of the 1940 Act and Section 16(a) of the
1934 Act require Board Members and officers, the Adviser,
affiliated persons of the Adviser and persons who own more than
10% of a registered class of a Funds equity securities to
file forms reporting their affiliation with that Fund and
reports of ownership and changes in ownership of that
Funds shares with the SEC and the New York Stock Exchange,
NYSE Amex or NASDAQ Stock Market, LLC, as applicable. These
persons and entities are required by SEC regulation to furnish
the Funds with copies of all Section 16(a) forms they file.
Based on a review of these forms furnished to each Fund, each
35
Fund believes that its Board Members and officers, Adviser and
affiliated persons of the Adviser have complied with all
applicable Section 16(a) filing requirements during its
last fiscal year, except as follows: Mr. Michael Hart, a
portfolio manager and officer of the Adviser, made two late
filings on Form 4 with respect to Global Value;
Mr. John V. Miller, a portfolio manager and officer of the
Adviser, made a late filing on Form 3 with respect to
Mortgage Opportunity; and, Mr. William Adams IV, officer of
the Funds and the Adviser, made a late filing on Form 4
with respect to Real Estate. To the knowledge of management of
the Funds, no shareholder of a Fund owns more than 10% of a
registered class of a Funds equity securities, except as
provided in Appendix B.
Information About
the Adviser
The Adviser, located at 333 West Wacker Drive, Chicago,
Illinois 60606, serves as investment adviser and manager for
each Fund. The Adviser is a wholly-owned subsidiary of Nuveen.
Nuveen is a wholly-owned subsidiary of Windy City, a corporation
formed by investors led by Madison Dearborn Partners, LLC
(MDP), a private equity investment firm based in
Chicago, Illinois. Windy City is controlled by MDP on behalf of
the Madison Dearborn Capital Partner V funds.
Shareholder
Proposals
To be considered for presentation at the annual meeting of
shareholders for the Funds to be held in 2012, shareholder
proposals submitted pursuant to
Rule 14a-8
of the 1934 Act must be received at the offices of that
Fund, 333 West Wacker Drive, Chicago, Illinois 60606, not
later than February 3, 2012. A shareholder wishing to
provide notice in the manner prescribed by
Rule 14a-4(c)(1)
of a proposal submitted outside of the process of
Rule 14a-8
for the annual meeting must, pursuant to each Funds
By-Laws, submit such written notice to the Fund not later than
December 20, 2012 or prior to November 1, 2012 for Dow
30 Premium, Global Income, NASDAQ Premium, Dow 30 Enhanced and
MLP & Strategic Equity and not later than
April 16, 2012 or prior to April 2, 2012 for each
other Fund. Timely submission of a proposal does not mean that
such proposal will be included in a proxy statement.
Shareholder
Communications
Fund shareholders who want to communicate with the Board or any
individual Board Member should write to the attention of Lorna
Ferguson, Manager of Fund Board Relations, Nuveen
Investments, 333 West Wacker Drive, Chicago, Illinois
60606. The letter should indicate that you are a Fund
shareholder and note the Fund or Funds that you own. If the
communication is intended for a specific Board Member and so
indicates it will be sent only to that Board Member. If a
communication does not indicate a specific Board Member, it will
be sent to the Independent Chairman and the outside counsel to
the Independent Board Members for further distribution as deemed
appropriate by such persons.
Expenses of Proxy
Solicitation
The cost of preparing, printing and mailing the enclosed proxy,
accompanying notice and proxy statement and all other costs in
connection with the solicitation of proxies will be paid by the
Funds pro rata based on the number of shareholder accounts.
Additional solicitation may be made by letter or telephone by
officers or employees of Nuveen or the Adviser, or by dealers
and their representatives. Any additional costs of solicitation
will be paid by the Fund that requires additional solicitation.
36
Fiscal
Year
The last fiscal year end for New York Dividend, New York
Dividend 2, Insured New York Dividend, Insured New York
Tax-Free, New York Investment Quality, New York Value, New York
Value 2, New York Performance Plus, New York Quality, New York
Select and Insured New York Premium was September 30, 2010.
The last fiscal year end for MLP & Strategic Equity
was October 31, 2010. The last fiscal year end for Real
Estate, Diversified Dividend, Equity Premium, Equity Premium
Advantage, Equity Premium Income, Equity Premium Opportunity,
Quality Preferred, Quality Preferred 2, Quality Preferred 3,
Tax-Advantaged, Tax-Advantaged Dividend, Global Government,
Global Value, Mortgage Opportunity, Mortgage Opportunity 2, Core
Equity, Multi-Currency, Multi-Strategy, Multi-Strategy 2, Dow 30
Premium, Global Income, NASDAQ Premium and Dow 30 Enhanced was
December 31, 2010.
Annual Report
Delivery
Annual reports will be sent to shareholders of record of each
Fund following each Funds fiscal year end. Each Fund will
furnish, without charge, a copy of its annual report
and/or
semi-annual report as available upon request. Such written or
oral requests should be directed to such Fund at 333 West
Wacker Drive, Chicago, Illinois 60606 or by calling
1-800-257-8787.
Important Notice Regarding the Availability of Proxy
Materials for the Shareholder Meeting To Be Held on May 6,
2011:
Each Funds proxy statement is available at
www.nuveen.com/CEF/Info/Shareholder/Proxy Statements.aspx. For
more information, shareholders may also contact the applicable
Fund at the address and phone number set forth above.
Please note that only one annual report or proxy statement may
be delivered to two or more shareholders of a Fund who share an
address, unless the Fund has received instructions to the
contrary. To request a separate copy of an annual report or
proxy statement, or for instructions as to how to request a
separate copy of such documents or as to how to request a single
copy if multiple copies of such documents are received,
shareholders should contact the applicable Fund at the address
and phone number set forth above.
General
Management does not intend to present and does not have reason
to believe that any other items of business will be presented at
the Annual Meetings. However, if other matters are properly
presented to the Annual Meetings for a vote, the proxies will be
voted by the persons acting under the proxies upon such matters
in accordance with their judgment of the best interests of the
Fund.
A list of shareholders entitled to be present and to vote at
each Annual Meeting will be available at the offices of the
Funds, 333 West Wacker Drive, Chicago, Illinois, for
inspection by any shareholder during regular business hours
beginning ten days prior to the date of the Annual Meeting.
Failure of a quorum to be present at any Annual Meeting will
necessitate adjournment and will subject that Fund to additional
expense. The persons named in the enclosed proxy may also move
for an adjournment of any Annual Meeting to permit further
solicitation of proxies with respect to the proposal if they
determine that adjournment and further solicitation is
reasonable and in the best interests of the shareholders. Under
each Funds By-Laws, an adjournment of a meeting with
respect to a matter requires the affirmative vote of a majority
of
37
the shares entitled to vote on the matter present in person or
represented by proxy at the meeting.
IF YOU CANNOT BE PRESENT AT THE MEETING, YOU ARE REQUESTED TO
FILL IN, SIGN AND RETURN THE ENCLOSED PROXY PROMPTLY. NO POSTAGE
IS REQUIRED IF MAILED IN THE UNITED STATES.
Kevin J. McCarthy
Vice President and Secretary
March 30, 2011
38
APPENDIX A
Beneficial
Ownership
The following table lists the dollar range of equity securities
beneficially owned by each Board Member nominee in each Fund and
in all Nuveen funds overseen by the Board Member nominee as of
December 31, 2010.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dollar Range of Equity Securities
|
|
|
|
|
|
|
New York
|
|
|
|
|
|
New York
|
|
|
|
|
|
Insured
|
|
|
New York
|
|
New York
|
|
Investment
|
|
New York
|
|
New York
|
|
Performance
|
|
New York
|
|
New York
|
|
New York
|
Board Member Nominees
|
|
Dividend
|
|
Dividend 2
|
|
Quality
|
|
Value
|
|
Value 2
|
|
Plus
|
|
Quality
|
|
Select
|
|
Dividend
|
|
Board Members/Nominees who are not interested persons of the
Funds
|
Robert P. Bremner
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
Jack B. Evans
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
William C. Hunter
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
David J. Kundert
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
William J. Schneider
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
Judith M. Stockdale
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
Carole E. Stone
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
Virginia L. Stringer
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
Terence J. Toth
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
Board Member/Nominee who is an interested person of the
Funds
|
John P. Amboian
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
A-1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dollar Range of Equity Securities
|
|
|
Insured
|
|
Insured
|
|
|
|
|
|
|
|
|
|
Equity
|
|
Equity
|
|
|
New York
|
|
New York
|
|
Core
|
|
|
|
Diversified
|
|
Equity
|
|
Premium
|
|
Premium
|
Board Member Nominees
|
|
Premium
|
|
Tax-Free
|
|
Equity
|
|
Real Estate
|
|
Dividend
|
|
Premium
|
|
Advantage
|
|
Income
|
|
Board Members/Nominees who are not interested persons of the
Funds
|
Robert P. Bremner
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
Jack B. Evans
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
10,001-50,000
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
William C. Hunter
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
David J. Kundert
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
William J. Schneider
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
Judith M. Stockdale
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
10,001-$50,000
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
Carole E. Stone
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
Virginia L. Stringer
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
Terence J. Toth
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
Board Member/Nominee who is an interested person of the
Funds
|
John P. Amboian
|
|
$
|
0
|
|
|
$
|
0
|
|
|
Over $
|
100,000
|
|
|
Over $
|
100,000
|
|
|
$
|
50,001-$100,000
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
A-2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dollar Range of Equity Securities
|
|
|
Equity
|
|
|
|
|
|
|
|
|
|
Tax-
|
|
|
|
|
|
|
|
|
|
|
Premium
|
|
Quality
|
|
Quality
|
|
Quality
|
|
Tax-
|
|
Advantaged
|
|
Global
|
|
Global
|
|
Mortgage
|
|
Mortgage
|
Board Member Nominees
|
|
Opportunity
|
|
Preferred
|
|
Preferred 2
|
|
Preferred 3
|
|
Advantaged
|
|
Dividend
|
|
Government
|
|
Value
|
|
Opportunity
|
|
Opportunity 2
|
|
Board Members/Nominees who are not interested persons of the
Funds
|
Robert P. Bremner
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
50,001-$100,000
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
Over $
|
100,000
|
|
|
$
|
0
|
|
|
$
|
0
|
|
Jack B. Evans
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
10,001-$50,000
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
William C. Hunter
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
David J. Kundert
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
William J. Schneider
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
Over $
|
100,000
|
|
|
$
|
0
|
|
Judith M. Stockdale
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
10,001-$50,000
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
Carole E. Stone
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
Virginia L. Stringer
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
|
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
Terence J. Toth
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
Board Member/Nominee who is an interested person of the
Funds
|
John P. Amboian
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
10,001-$50,000
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
Over $
|
100,000
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
A-3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dollar Range of Equity Securities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aggregate
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Range of Equity;
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities in
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
All Registered
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Companies
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Overseen by
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Board Member
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nominees in
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MLP &
|
|
Family of
|
|
|
Multi-
|
|
Multi-
|
|
Multi-
|
|
Dow 30
|
|
Global
|
|
NASDAQ
|
|
Dow 30
|
|
Strategic
|
|
Investment
|
Board Member Nominees
|
|
Currency
|
|
Strategy
|
|
Strategy 2
|
|
Premium
|
|
Income
|
|
Premium
|
|
Enhanced
|
|
Equity
|
|
Companies
(1)
|
|
Board Members/Nominees who are not interested persons of the
Funds
|
Robert P. Bremner
|
|
$
|
0
|
|
|
$
|
10,001-$50,000
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
Over $
|
100,000
|
|
Jack B. Evans
|
|
$
|
0
|
|
|
$
|
10,001-$50,000
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
Over $
|
100,000
|
|
William C. Hunter
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
Over $
|
100,000
|
|
David J. Kundert
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
Over $
|
100,000
|
|
William J. Schneider
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
Over $
|
100,000
|
|
Judith M. Stockdale
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
1-$10,000
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
Over $
|
100,000
|
|
Carole E. Stone
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
Over $
|
100,000
|
|
Virginia L. Stringer
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
Over $
|
100,000
|
|
Terence J. Toth
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
Over $
|
100,000
|
|
Board Member/Nominee who is an interested person of the
Funds
|
John P. Amboian
|
|
Over $
|
100,000
|
|
|
$
|
0
|
|
|
Over $
|
100,000
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
Over $
|
100,000
|
|
|
|
|
(1)
|
The amounts reflect the aggregate dollar range of equity
securities of the number of shares beneficially owned by the
Board Member in the Funds and in all Nuveen funds overseen by
each Board Member.
|
A-4
The following table sets forth, for each Board Member nominee
and for the Board Member nominees and officers as a group, the
amount of shares beneficially owned in each Fund as of
December 31, 2010. The information as to beneficial
ownership is based on statements furnished by each Board Member
nominee and officer.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fund Shares Owned By Board Member Nominees And
Officers
(1)
|
|
|
|
|
|
|
New York
|
|
|
|
|
|
|
|
|
|
|
|
Insured
|
Board Member Nominees/Board
|
|
New York
|
|
New York
|
|
Investment
|
|
New York
|
|
New York
|
|
New York
|
|
New York
|
|
New York
|
|
New York
|
Members
|
|
Dividend
|
|
Dividend 2
|
|
Quality
|
|
Value
|
|
Value 2
|
|
Performance Plus
|
|
Quality
|
|
Select
|
|
Dividend
|
|
Nominees/Board Members who are not interested persons of the
Funds
|
Robert P. Bremner
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Jack B. Evans
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
William C. Hunter
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
David J. Kundert
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
William J. Schneider
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Judith M. Stockdale
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Carole E. Stone
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Virginia L. Stringer
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Terence J. Toth
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Nominee who is an interested person of the Funds
|
John P. Amboian
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
All Board Member Nominees
and Officers as a Group
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
A-5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fund Shares Owned By Board Member Nominees And
Officers
(1)
|
|
|
Insured
|
|
Insured
|
|
|
|
|
|
|
|
|
|
Equity
|
|
Equity
|
|
|
New York
|
|
New York
|
|
Core
|
|
Real
|
|
Diversified
|
|
Equity
|
|
Premium
|
|
Premium
|
Board Member Nominees/Board Members
|
|
Premium
|
|
Tax-Free
|
|
Equity
|
|
Estate
|
|
Dividend
|
|
Premium
|
|
Advantage
|
|
Income
|
|
Nominees/Board Members who are not interested persons of the
Funds
|
Robert P. Bremner
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Jack B. Evans
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
1,100
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
William C. Hunter
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
David J. Kundert
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
William J. Schneider
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Judith M. Stockdale
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
2,388
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Carole E. Stone
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Virginia L. Stringer
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Terence J. Toth
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Board Member/Nominee who is an interested person of the
Funds
|
John P. Amboian
|
|
|
0
|
|
|
|
0
|
|
|
|
25,820
|
|
|
|
20,000
|
|
|
|
7,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
All Board Member Nominees and Officers as a Group
|
|
|
0
|
|
|
|
0
|
|
|
|
25,820
|
|
|
|
39,400
|
|
|
|
11,388
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
A-6
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fund Shares Owned By Board Member Nominees And
Officers
(1)
|
|
|
Equity
|
|
|
|
|
|
|
|
|
|
Tax-
|
|
|
|
|
|
|
|
|
Premium
|
|
Quality
|
|
Quality
|
|
Quality
|
|
Tax-
|
|
Advantaged
|
|
Global
|
|
Global
|
|
Mortgage
|
Board Member Nominees/Board Members
|
|
Opportunity
|
|
Preferred
|
|
Preferred 2
|
|
Preferred 3
|
|
Advantaged
|
|
Dividend
|
|
Government
|
|
Value
|
|
Opportunity
|
|
Nominees/Board Members who are not interested persons of the
Fund
|
Robert P. Bremner
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
7,500
|
|
|
|
0
|
|
|
|
0
|
|
|
|
12,500
|
|
|
|
0
|
|
Jack B. Evans
|
|
|
0
|
|
|
|
0
|
|
|
|
4,400
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
William C. Hunter
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
David J. Kundert
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
William J. Schneider
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
4,000
|
|
Judith M. Stockdale
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
871
|
|
|
|
0
|
|
|
|
0
|
|
Carole E. Stone
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Virginia L. Stringer
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Terence J. Toth
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Nominee who is an interested person of the Fund
|
John P. Amboian
|
|
|
0
|
|
|
|
0
|
|
|
|
2,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
22,000
|
|
|
|
0
|
|
All Board Members Nominees/Officers as a Group
|
|
|
0
|
|
|
|
0
|
|
|
|
6,400
|
|
|
|
0
|
|
|
|
7,500
|
|
|
|
2,000
|
|
|
|
871
|
|
|
|
34,500
|
|
|
|
4,000
|
|
|
A-7
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fund Shares Owned By Board Member Nominees And
Officers
(1)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MLP &
|
|
|
Mortgage
|
|
Multi-
|
|
Multi-
|
|
Multi-
|
|
Dow 30
|
|
Global
|
|
NASDAQ
|
|
Dow 30
|
|
Strategic
|
Board Member Nominees/Board Members
|
|
Opportunity 2
|
|
Currency
|
|
Strategy
|
|
Strategy 2
|
|
Premium
|
|
Income
|
|
Premium
|
|
Enhanced
|
|
Equity
|
|
Nominees/Board Members who are not interested persons of the
Fund
|
Robert P. Bremner
|
|
|
0
|
|
|
|
0
|
|
|
|
3,500
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Jack B. Evans
|
|
|
0
|
|
|
|
0
|
|
|
|
2,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
William C. Hunter
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
David J. Kundert
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
William J. Schneider
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Judith M. Stockdale
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
864
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Carole E. Stone
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Virginia L. Stringer
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Terence J. Toth
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
Nominee who is an interested person of the Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
John P. Amboian
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
32,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
All Board Members Nominees/Officers as a Group
|
|
|
0
|
|
|
|
4,200
|
|
|
|
7,500
|
|
|
|
32,864
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
0
|
|
|
|
|
(1)
|
The numbers include share equivalents of certain Nuveen funds in
which the Board Member is deemed to be invested pursuant to the
Deferred Compensation Plan for Independent Board Members as more
fully described in the Proxy Statement.
|
A-8
APPENDIX B
List of Beneficial Owners Who Own More Than 5% of Any Class
of Shares in Any Fund
The following chart lists each shareholder or group of
shareholders who beneficially owned more than 5% of any class of
shares of any Fund*:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount of
|
|
|
Percentage
|
|
Fund and Class
|
|
Shareholder Name and Address
|
|
Shares Owned
|
|
|
Owned
|
|
|
|
|
New York Dividend (NAN)
Auction Rate Preferred Shares
|
|
Bank of America Corporation
100 North Tryon Street, Floor 25
Bank of America Corporate Center
Charlotte, NC 28255
|
|
|
111
|
|
|
|
12.70
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Blue Ridge Investments, L.L.C.
214 North Tryon Street
Charlotte, NC 28255
|
|
|
86
|
|
|
|
9.80
|
%
|
|
|
|
|
|
|
|
|
|
|
|
NAN PrC
MuniFund Term Preferred Shares
|
|
Karpus Management Inc.
183 Sullys Trail
Pittsford, NY 14534
|
|
|
169,800
|
|
|
|
6.70
|
%
|
NAN PrD
MuniFund Term Preferred Shares
|
|
Karpus Management Inc.
183 Sullys Trail
Pittsford, NY 14534
|
|
|
262,081
|
|
|
|
8.74
|
%
|
|
|
|
|
|
|
|
|
|
|
|
New York Dividend 2 (NXK PrC)
MuniFund Term Preferred Shares
|
|
Karpus Management Inc.
183 Sullys Trail
Pittsford, NY 14534
|
|
|
1,048,969
|
|
|
|
27.68
|
%
|
|
|
|
|
|
|
|
|
|
|
|
New York Investment Quality (NQN)
Common Shares
|
|
First Trust Portfolios
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
1,918,014
|
|
|
|
11.00
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First Trust Advisors
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Charger
Corporation
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New York Performance Plus (NNP)
Auction Rate Preferred Shares
|
|
Bank of America Corporation
100 North Tryon Street, Floor 25
Bank of America Corporate Center
Charlotte, NC 28255
|
|
|
653
|
|
|
|
18.60
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Blue Ridge Investments, L.L.C.
214 North Tryon Street
Charlotte, NC 28255
|
|
|
572
|
|
|
|
16.30
|
%
|
B-1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount of
|
|
|
Percentage
|
|
Fund and Class
|
|
Shareholder Name and Address
|
|
Shares Owned
|
|
|
Owned
|
|
|
|
|
New York Quality (NUN)
Common Shares
|
|
First Trust Portfolios
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
2,034,013
|
|
|
|
8.60
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First Trust Advisors
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Charger
Corporation
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New York Select (NVN)
Common Shares
|
|
First Trust Portfolios
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
1,867,799
|
|
|
|
8.10
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First Trust Advisors
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Charger
Corporation
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Insured New York Premium (NNF)
Auction Rate Preferred Shares
|
|
UBS AG
Bahnhoftstrasse 45
PO Box CH-8021
Zurich, Switzerland
|
|
|
146
|
|
|
|
7.25
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bank of America Corporation
100 North Tryon Street, Floor 25
Bank of America Corporate Center Charlotte, NC 28255
|
|
|
657
|
|
|
|
32.60
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Royal Bank of
Canada
(2)
200 Bay Street
Toronto, Ontario M5J2J5
Canada
|
|
|
118
|
|
|
|
5.80
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RBC Capital
Markets
(2)
One Liberty Plaza
165 Broadway
New York, NY 10006
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Blue Ridge Investments, L.L.C.
214 North Tryon Street
Charlotte, NC 28255
|
|
|
652
|
|
|
|
32.40
|
%
|
B-2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount of
|
|
|
Percentage
|
|
Fund and Class
|
|
Shareholder Name and Address
|
|
Shares Owned
|
|
|
Owned
|
|
|
|
|
Insured New York Tax-Free (NRK PrC)
MuniFund Term Preferred Shares
|
|
Karpus Management Inc.
183 Sullys Trail
Pittsford, NY 14534
|
|
|
880,875
|
|
|
|
31.82
|
%
|
|
|
|
|
|
|
|
|
|
|
|
Core Equity (JCE)
Common Shares
|
|
First Trust Portfolios
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
1,204,207
|
|
|
|
7.50
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First Trust Advisors
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Charger
Corporation
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate (JDD)
Common Shares
|
|
First Trust Portfolios
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
1,040,564
|
|
|
|
5.20
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First Trust Advisors
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Charger
Corporation
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity Premium (JPG)
Common Shares
|
|
First Trust Portfolios
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
2,273,614
|
|
|
|
13.90
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First Trust Advisors
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Charger
Corporation
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity Premium Advantage (JLA)
Common Shares
|
|
First Trust Portfolios
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
3,851,558
|
|
|
|
14.90
|
%
|
B-3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount of
|
|
|
Percentage
|
|
Fund and Class
|
|
Shareholder Name and Address
|
|
Shares Owned
|
|
|
Owned
|
|
|
|
|
|
|
First Trust Advisors
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Charger
Corporation
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Guggenheim Funds Distributors, Inc.
2455 Corporate West Drive
Lisle, IL 60532
|
|
|
1,674,027
|
|
|
|
6.47
|
%
|
|
|
|
|
|
|
|
|
|
|
|
Equity Premium Income (JPZ)
Common Shares
|
|
First Trust Portfolios
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
3,324,086
|
|
|
|
8.60
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First Trust Advisors
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Charger
Corporation
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity Premium Opportunity (JSN)
Common Shares
|
|
First Trust Portfolios
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
4,488,857
|
|
|
|
6.80
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First Trust Advisors
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Charger
Corporation
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tax-Advantaged (JTA)
Common Shares
|
|
First Trust Portfolios
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
1,428,351
|
|
|
|
10.30
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First Trust Advisors
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
B-4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount of
|
|
|
Percentage
|
|
Fund and Class
|
|
Shareholder Name and Address
|
|
Shares Owned
|
|
|
Owned
|
|
|
|
|
|
|
The Charger
Corporation
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tax-Advantaged Dividend (JGG)
Common Shares
|
|
First Trust Portfolios
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
909,701
|
|
|
|
9.70
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First Trust Advisors
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Charger
Corporation
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Global Value (JGV)
Common Shares
|
|
Morgan Stanley(3)
1585 Broadway
New York, NY 10036
|
|
|
1,987,460
|
|
|
|
10.4
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Morgan Stanley Smith Barney
LLC
(3)
1585 Broadway
New York, NY 10036
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dow 30 Premium (DPD)
Common Shares
|
|
First Trust Portfolios
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
1,203,941
|
|
|
|
10.10
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First Trust Advisors
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Charger
Corporation
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Global Income (GCF)
Common Shares
|
|
Wells Fargo and Company
420 Montgomery Street
San Francisco, CA 94104
|
|
|
578,595
|
|
|
|
10.25
|
%
|
|
|
|
|
|
|
|
|
|
|
|
MLP & Strategic Equity (MTP)
Common Shares
|
|
First Trust Portfolios
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
2,640,612
|
|
|
|
17.90
|
%
|
B-5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amount of
|
|
|
Percentage
|
|
Fund and Class
|
|
Shareholder Name and Address
|
|
Shares Owned
|
|
|
Owned
|
|
|
|
|
|
|
First Trust Advisors
L.P.
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The Charger
Corporation
(1)
120 East Liberty Drive
Suite 400
Wheaton, IL 60187
|
|
|
|
|
|
|
|
|
|
|
|
*
|
|
The information contained in this
table is based on Schedule 13G filings made on or after
December 31, 2009.
|
|
(1)
|
|
First Trust Portfolios L.P.,
First Trust Advisors L.P. and The Charger Corporation filed
their Schedule 13G jointly and did not differentiate
holdings as between each entity.
|
|
(2)
|
|
Royal Bank of Canada and RBC
Capital Markets filed their Schedule 13G jointly and did
not differentiate holdings as between each entity.
|
|
(3)
|
|
Morgan Stanley and Morgan Stanley
Smith Barney LLC filed their Schedule 13G jointly and did
not differentiate holdings as between each entity.
|
B-6
APPENDIX C
NUMBER OF
BOARD AND COMMITTEE MEETINGS
HELD DURING EACH FUNDS LAST FISCAL YEAR
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Compliance, Risk
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Management
|
|
|
|
Nominating
|
|
|
|
|
|
|
|
|
|
|
and Regulatory
|
|
|
|
and
|
|
|
Regular
|
|
Special
|
|
Executive
|
|
Dividend
|
|
Oversight
|
|
Audit
|
|
Governance
|
|
|
Board
|
|
Board
|
|
Committee
|
|
Committee
|
|
Committee
|
|
Committee
|
|
Committee
|
Fund
|
|
Meeting
|
|
Meeting
|
|
Meeting
|
|
Meeting
|
|
Meeting
|
|
Meeting
|
|
Meeting
|
|
Nuveen New York Dividend Advantage Municipal Fund
|
|
|
5
|
|
|
|
11
|
|
|
|
1
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen New York Dividend Advantage Municipal Fund 2
|
|
|
5
|
|
|
|
11
|
|
|
|
1
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen New York Investment Quality Municipal Fund, Inc.
|
|
|
5
|
|
|
|
11
|
|
|
|
0
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen New York Municipal Value Fund, Inc.
|
|
|
5
|
|
|
|
4
|
|
|
|
0
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen New York Municipal Value Fund 2
|
|
|
5
|
|
|
|
4
|
|
|
|
0
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen New York Performance Plus Municipal Fund, Inc.
|
|
|
5
|
|
|
|
11
|
|
|
|
0
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen New York Quality Income Municipal Fund, Inc.
|
|
|
5
|
|
|
|
11
|
|
|
|
0
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen New York Select Quality Municipal Fund, Inc.
|
|
|
5
|
|
|
|
11
|
|
|
|
0
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen Insured New York Dividend Advantage Municipal Fund
|
|
|
5
|
|
|
|
11
|
|
|
|
0
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen Insured New York Premium Income Municipal Fund, Inc.
|
|
|
5
|
|
|
|
11
|
|
|
|
0
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen Insured New York Tax-Free Advantage Municipal Fund
|
|
|
5
|
|
|
|
11
|
|
|
|
1
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen Core Equity Alpha Fund
|
|
|
5
|
|
|
|
4
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen Real Estate Income Fund
|
|
|
5
|
|
|
|
4
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen Diversified Dividend and Income Fund
|
|
|
5
|
|
|
|
12
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen Equity Premium and Growth Fund
|
|
|
5
|
|
|
|
4
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen Equity Premium Advantage Fund
|
|
|
5
|
|
|
|
4
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen Equity Premium Income Fund
|
|
|
5
|
|
|
|
4
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen Equity Premium Opportunity Fund
|
|
|
5
|
|
|
|
4
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen Quality Preferred Income Fund
|
|
|
5
|
|
|
|
12
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen Quality Preferred Income Fund 2
|
|
|
5
|
|
|
|
12
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen Quality Preferred Income Fund 3
|
|
|
5
|
|
|
|
12
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen Tax-Advantaged Total Return Strategy Fund
|
|
|
5
|
|
|
|
4
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen Tax-Advantaged Dividend Growth Fund
|
|
|
5
|
|
|
|
12
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen Global Government Enhanced Income Fund
|
|
|
5
|
|
|
|
4
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
C-1
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Compliance, Risk
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Management
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Nominating
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and Regulatory
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and
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Regular
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Special
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Executive
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Dividend
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Oversight
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Audit
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Governance
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Board
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Board
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Committee
|
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Committee
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Committee
|
|
Committee
|
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Committee
|
Fund
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Meeting
|
|
Meeting
|
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Meeting
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|
Meeting
|
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Meeting
|
|
Meeting
|
|
Meeting
|
|
Nuveen Global Value Opportunities Fund
|
|
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5
|
|
|
|
4
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen Mortgage Opportunity Term Fund
|
|
|
5
|
|
|
|
4
|
|
|
|
1
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
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|
Nuveen Mortgage Opportunity Term Fund 2
|
|
|
5
|
|
|
|
4
|
|
|
|
1
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen Multi-Currency Short-Term Government Income Fund
|
|
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5
|
|
|
|
4
|
|
|
|
0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen Multi-Strategy Income & Growth Fund
|
|
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5
|
|
|
|
10
|
|
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0
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|
|
|
4
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|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
Nuveen Multi-Strategy Income & Growth Fund 2
|
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|
5
|
|
|
|
10
|
|
|
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0
|
|
|
|
4
|
|
|
|
5
|
|
|
|
4
|
|
|
|
4
|
|
Dow
30
sm
Premium & Dividend Income Fund, Inc.
|
|
|
9
|
|
|
|
1
|
|
|
|
0
|
|
|
|
1
|
|
|
|
4
|
|
|
|
6
|
|
|
|
4
|
|
Global Income & Currency Fund, Inc.
|
|
|
9
|
|
|
|
1
|
|
|
|
0
|
|
|
|
1
|
|
|
|
4
|
|
|
|
6
|
|
|
|
4
|
|
NASDAQ Premium Income & Growth Fund Inc.
|
|
|
9
|
|
|
|
1
|
|
|
|
0
|
|
|
|
1
|
|
|
|
4
|
|
|
|
6
|
|
|
|
4
|
|
Dow
30
sm
Enhanced Premium & Income Fund Inc.
|
|
|
9
|
|
|
|
1
|
|
|
|
0
|
|
|
|
1
|
|
|
|
4
|
|
|
|
6
|
|
|
|
4
|
|
MLP & Strategic Equity Fund Inc.
|
|
|
8
|
|
|
|
1
|
|
|
|
0
|
|
|
|
0
|
|
|
|
3
|
|
|
|
6
|
|
|
|
3
|
|
|
C-2
APPENDIX D
NUVEEN
FUND BOARD
AUDIT COMMITTEE CHARTER
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I.
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Organization
and Membership
|
There shall be a committee of each Board of Directors/Trustees
(the Board) of the Nuveen Management Investment
Companies (the Funds or, individually, a
Fund) to be known as the Audit Committee. The Audit
Committee shall be comprised of at least three
Directors/Trustees. Audit Committee members shall be independent
of the Funds and free of any relationship that, in the opinion
of the Directors/Trustees, would interfere with their exercise
of independent judgment as an Audit Committee member. In
particular, each member must meet the independence and
experience requirements applicable to the Funds of the exchanges
on which shares of the Funds are listed, Section 10A of the
Securities Exchange Act of 1934 (the Exchange Act),
and the rules and regulations of the Securities and Exchange
Commission (the Commission). Each such member of the
Audit Committee shall have a basic understanding of finance and
accounting, be able to read and understand fundamental financial
statements, and be financially literate, and at least one such
member shall have accounting or related financial management
expertise, in each case as determined by the Directors/Trustees,
exercising their business judgment (this person may also serve
as the Audit Committees financial expert as
defined by the Commission). The Board shall appoint the members
and the Chairman of the Audit Committee, on the recommendation
of the Nominating and Governance Committee. The Audit Committee
shall meet periodically but in any event no less frequently than
on a semi-annual basis. Except for the Funds, Audit Committee
members shall not serve simultaneously on the audit committees
of more than two other public companies.
|
|
II.
|
Statement
of Policy, Purpose and Processes
|
The Audit Committee shall assist the Board in oversight and
monitoring of (1) the accounting and reporting policies,
processes and practices, and the audits of the financial
statements, of the Funds; (2) the quality and integrity of
the financial statements of the Funds; (3) the Funds
compliance with legal and regulatory requirements, (4) the
independent auditors qualifications, performance and
independence; and (5) oversight of the Pricing Procedures
of the Funds and the Valuation Group. In exercising this
oversight, the Audit Committee can request other committees of
the Board to assume responsibility for some of the monitoring as
long as the other committees are composed exclusively of
independent directors.
In doing so, the Audit Committee shall seek to maintain free and
open means of communication among the Directors/Trustees, the
independent auditors, the internal auditors and the management
of the Funds. The Audit Committee shall meet periodically with
Fund management, the Funds internal auditor, and the
Funds independent auditors, in separate executive
sessions. The Audit Committee shall prepare reports of the Audit
Committee as required by the Commission to be included in the
Funds annual proxy statements or otherwise.
The Audit Committee shall have the authority and resources in
its discretion to retain special legal, accounting or other
consultants to advise the Audit Committee and to otherwise
discharge its responsibilities, including appropriate funding as
determined by the Audit Committee for compensation to
independent auditors engaged for the purpose of preparing or
issuing an audit report or performing other audit, review or
attest services for a Fund,
D-1
compensation to advisers employed by the Audit Committee, and
ordinary administrative expenses of the Audit Committee that are
necessary or appropriate in carrying out its duties, as
determined in its discretion. The Audit Committee may request
any officer or employee of Nuveen Investments, Inc. (or its
affiliates) (collectively, Nuveen) or the
Funds independent auditors or outside counsel to attend a
meeting of the Audit Committee or to meet with any members of,
or consultants to, the Audit Committee. The Funds
independent auditors and internal auditors shall have
unrestricted accessibility at any time to Committee members.
Responsibilities
Fund management has the primary responsibility to establish and
maintain systems for accounting, reporting, disclosure and
internal control.
The independent auditors have the primary responsibility to plan
and implement an audit, with proper consideration given to the
accounting, reporting and internal controls. Each independent
auditor engaged for the purpose of preparing or issuing an audit
report or performing other audit, review or attest services for
the Funds shall report directly to the Audit Committee. The
independent auditors are ultimately accountable to the Board and
the Audit Committee. It is the ultimate responsibility of the
Audit Committee to select, appoint, retain, evaluate, oversee
and replace any independent auditors and to determine their
compensation, subject to ratification of the Board, if required.
These Audit Committee responsibilities may not be delegated to
any other Committee or the Board.
The Audit Committee is responsible for the following:
With respect to
Fund financial statements:
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1.
|
Reviewing and discussing the annual audited financial statements
and semi-annual financial statements with Fund management and
the independent auditors including major issues regarding
accounting and auditing principles and practices, and the
Funds disclosures in its periodic reports under
Managements Discussion and Analysis.
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2.
|
Requiring the independent auditors to deliver to the Chairman of
the Audit Committee a timely report on any issues relating to
the significant accounting policies, management judgments and
accounting estimates or other matters that would need to be
communicated under Statement on Auditing Standards (SAS)
No. 90, Audit Committee Communications (which amended SAS
No. 61, Communication with Audit Committees), that arise
during the auditors review of the Funds financial
statements, which information the Chairman shall further
communicate to the other members of the Audit Committee, as
deemed necessary or appropriate in the Chairmans judgment.
|
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3.
|
Discussing with management the Funds press releases
regarding financial results and dividends, as well as financial
information and earnings guidance provided to analysts and
rating agencies. This discussion may be done generally,
consisting of discussing the types of information to be
disclosed and the types of presentations to be made. The
Chairman of the Audit Committee shall be authorized to have
these discussions with management on behalf of the Audit
Committee.
|
D-2
|
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|
|
4.
|
Discussing with management and the independent auditors
(a) significant financial reporting issues and judgments
made in connection with the preparation and presentation of the
Funds financial statements, including any significant
changes in the Funds selection or application of
accounting principles and any major issues as to the adequacy of
the Funds internal controls and any special audit steps
adopted in light of material control deficiencies; and
(b) analyses prepared by Fund management
and/or
the
independent auditor setting forth significant financial
reporting issues and judgments made in connection with the
preparation of the financial statements, including analyses of
the effects of alternative GAAP methods on the financial
statements.
|
|
|
5.
|
Discussing with management and the independent auditors the
effect of regulatory and accounting initiatives on the
Funds financial statements.
|
|
|
6.
|
Reviewing and discussing reports, both written and oral, from
the independent auditors
and/or
Fund
management regarding (a) all critical accounting policies
and practices to be used; (b) all alternative treatments of
financial information within generally accepted accounting
principles that have been discussed with management,
ramifications of the use of such alternative treatments and
disclosures, and the treatment preferred by the independent
auditors; and (c) other material written communications
between the independent auditors and management, such as any
management letter or schedule of unadjusted differences.
|
|
|
7.
|
Discussing with Fund management the Funds major financial
risk exposures and the steps management has taken to monitor and
control these exposures, including the Funds risk
assessment and risk management policies and guidelines. In
fulfilling its obligations under this paragraph, the Audit
Committee may review in a general manner the processes other
Board committees have in place with respect to risk assessment
and risk management.
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|
8.
|
Reviewing disclosures made to the Audit Committee by the
Funds principal executive officer and principal financial
officer during their certification process for the Funds
periodic reports about any significant deficiencies in the
design or operation of internal controls or material weaknesses
therein and any fraud involving management or other employees
who have a significant role in the Funds internal
controls. In fulfilling its obligations under this paragraph,
the Audit Committee may review in a general manner the processes
other Board committees have in place with respect to
deficiencies in internal controls, material weaknesses, or any
fraud associated with internal controls.
|
With respect to
the independent auditors:
|
|
|
|
1.
|
Selecting, appointing, retaining or replacing the independent
auditors, subject, if applicable, only to Board and shareholder
ratification; and compensating, evaluating and overseeing the
work of the independent auditor (including the resolution of
disagreements between Fund management and the independent
auditor regarding financial reporting).
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2.
|
Meeting with the independent auditors and Fund management to
review the scope, fees, audit plans and staffing for the audit,
for the current year. At the conclusion of the audit, reviewing
such audit results, including the independent auditors
|
D-3
|
|
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|
|
evaluation of the Funds financial and internal controls,
any comments or recommendations of the independent auditors, any
audit problems or difficulties and managements response,
including any restrictions on the scope of the independent
auditors activities or on access to requested information,
any significant disagreements with management, any accounting
adjustments noted or proposed by the auditor but not made by the
Fund, any communications between the audit team and the audit
firms national office regarding auditing or accounting
issues presented by the engagement, any significant changes
required from the originally planned audit programs and any
adjustments to the financial statements recommended by the
auditors.
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|
|
3.
|
Pre-approving all audit services and permitted non-audit
services, and the terms thereof, to be performed for the Funds
by their independent auditors, subject to the de minimis
exceptions for nonaudit services described in Section 10A
of the Exchange Act that the Audit Committee approves prior to
the completion of the audit, in accordance with any policies or
procedures relating thereto as adopted by the Board or the Audit
Committee. The Chairman of the Audit Committee shall be
authorized to give pre-approvals of such non-audit services on
behalf of the Audit Committee.
|
|
|
4.
|
Obtaining and reviewing a report or reports from the independent
auditors at least annually (including a formal written statement
delineating all relationships between the auditors and the Funds
consistent with Independent Standards Board Standard 1, as may
be amended, restated, modified or replaced) regarding
(a) the independent auditors internal quality-control
procedures; (b) any material issues raised by the most
recent internal quality-control review, or peer review, of the
firm, or by any inquiry or investigation by governmental or
professional authorities within the preceding five years,
respecting one or more independent audits carried out by the
firm; (c) any steps taken to deal with any such issues; and
(d) all relationships between the independent auditor and
the Funds and their affiliates, in order to assist the Audit
committee in assessing the auditors independence. After
reviewing the foregoing report[s] and the independent
auditors work throughout the year, the Audit Committee
shall be responsible for evaluating the qualifications,
performance and independence of the independent auditor and
their compliance with all applicable requirements for
independence and peer review, and a review and evaluation of the
lead partner, taking into account the opinions of Fund
management and the internal auditors, and discussing such
reports with the independent auditors. The Audit Committee shall
present its conclusions with respect to the independent auditor
to the Board.
|
|
|
5.
|
Reviewing any reports from the independent auditors mandated by
Section 10A(b) of the Exchange Act regarding any illegal
act detected by the independent auditor (whether or not
perceived to have a material effect on the Funds financial
statements) and obtaining from the independent auditors any
information about illegal acts in accordance with
Section 10A(b).
|
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|
6.
|
Ensuring the rotation of the lead (or coordinating) audit
partner having primary responsibility for the audit and the
audit partner responsible for reviewing the audit as required by
law, and further considering the rotation of the independent
auditor firm itself.
|
D-4
|
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|
|
7.
|
Establishing and recommending to the Board for ratification
policies for the Funds, Fund management or the Fund
advisers hiring of employees or former employees of the
independent auditor who participated in the audits of the Funds.
|
|
|
8.
|
Taking, or recommending that the Board take, appropriate action
to oversee the independence of the outside auditor.
|
With respect to
any internal auditor:
|
|
|
|
1.
|
Reviewing the proposed programs of the internal auditor for the
coming year. It is not the obligation or responsibility of the
Audit Committee to confirm the independence of any Nuveen
internal auditors performing services relating to the Funds or
to approve any termination or replacement of the Nuveen Manager
of Internal Audit.
|
|
|
2.
|
Receiving a summary of findings from any completed internal
audits pertaining to the Funds and a progress report on the
proposed internal audit plan for the Funds, with explanations
for significant deviations from the original plan.
|
With respect to
pricing and valuation oversight:
|
|
|
|
1.
|
The Board has responsibilities regarding the pricing of a
Funds securities under the 1940 Act. The Board has
delegated this responsibility to the Committee to address
valuation issues that arise between Board meetings, subject to
the Boards general supervision of such actions. The
Committee is primarily responsible for the oversight of the
Pricing Procedures and actions taken by the internal Valuation
Group (Valuation Matters). The Valuation Group will
report on Valuation Matters to the Committee
and/or
the
Board of Directors/Trustees, as appropriate.
|
|
|
2.
|
Performing all duties assigned to it under the Funds
Pricing Procedures, as such may be amended from time to time.
|
|
|
3.
|
Periodically reviewing and making recommendations regarding
modifications to the Pricing Procedures as well as consider
recommendations by the Valuation Group regarding the Pricing
Procedures.
|
|
|
4.
|
Reviewing any issues relating to the valuation of a Funds
securities brought to the Committees attention, including
suspensions in pricing, pricing irregularities, price overrides,
self-pricing, NAV errors and corrections thereto, and other
pricing matters. In this regard, the Committee should consider
the risks to the Funds in assessing the possible resolutions of
these Valuation Matters.
|
|
|
5.
|
Evaluating, as it deems necessary or appropriate, the
performance of any pricing agent and recommend changes thereto
to the full Board.
|
|
|
6.
|
Reviewing any reports or comments from examinations by
regulatory authorities relating to Valuation Matters of the
Funds and consider managements responses to any such
comments and, to the extent the Committee deems necessary or
appropriate, propose to management
and/or
the
full Board the modification of the Funds policies and
procedures relating to such matters. The Committee, if deemed
necessary or desirable, may also meet with regulators.
|
D-5
|
|
|
|
7.
|
Meeting with members of management of the Funds, outside
counsel, or others in fulfilling its duties hereunder, including
assessing the continued appropriateness and adequacy of the
Pricing Procedures, eliciting any recommendations for
improvements of such procedures or other Valuation Matters, and
assessing the possible resolutions of issues regarding Valuation
Matters brought to its attention.
|
|
|
8.
|
Performing any special review, investigations or oversight
responsibilities relating to Valuation as requested by the Board
of Directors/Trustees.
|
|
|
9.
|
Investigating or initiating an investigation of reports of
improprieties or suspected improprieties in connection with the
Funds policies and procedures relating to Valuation
Matters not otherwise assigned to another Board committee.
|
Other
responsibilities:
|
|
|
|
1.
|
Reviewing with counsel to the Funds, counsel to Nuveen, the Fund
advisers counsel and independent counsel to the Board
legal matters that may have a material impact on the Funds
financial statements or compliance policies.
|
|
|
2.
|
Receiving and reviewing periodic or special reports issued on
exposure/controls, irregularities and control failures related
to the Funds.
|
|
|
3.
|
Reviewing with the independent auditors, with any internal
auditor and with Fund management, the adequacy and effectiveness
of the accounting and financial controls of the Funds, and
eliciting any recommendations for the improvement of internal
control procedures or particular areas where new or more
detailed controls or procedures are desirable. Particular
emphasis should be given to the adequacy of such internal
controls to expose payments, transactions or procedures that
might be deemed illegal or otherwise improper.
|
|
|
4.
|
Reviewing the reports of examinations by regulatory authorities
as they relate to financial statement matters.
|
|
|
5.
|
Discussing with management and the independent auditor any
correspondence with regulators or governmental agencies that
raises material issues regarding the Funds financial
statements or accounting policies.
|
|
|
6.
|
Obtaining reports from management with respect to the
Funds policies and procedures regarding compliance with
applicable laws and regulations.
|
|
|
7.
|
Reporting regularly to the Board on the results of the
activities of the Audit Committee, including any issues that
arise with respect to the quality or integrity of the
Funds financial statements, the Funds compliance
with legal or regulatory requirements, the performance and
independence of the Funds independent auditors, or the
performance of the internal audit function.
|
|
|
8.
|
Performing any special reviews, investigations or oversight
responsibilities requested by the Board.
|
|
|
9.
|
Reviewing and reassessing annually the adequacy of this charter
and recommending to the Board approval of any proposed changes
deemed necessary or advisable by the Audit Committee.
|
D-6
|
|
|
|
10.
|
Undertaking an annual review of the performance of the Audit
Committee.
|
|
|
11.
|
Establishing procedures for the receipt, retention and treatment
of complaints received by the Funds regarding accounting,
internal accounting controls or auditing matters, and the
confidential, anonymous submission of concerns regarding
questionable accounting or auditing matters by employees of Fund
management, the investment adviser, administrator, principal
underwriter, or any other provider of accounting related
services for the Funds, as well as employees of the Funds.
|
Although the Audit Committee shall have the authority and
responsibilities set forth in this Charter, it is not the
responsibility of the Audit Committee to plan or conduct audits
or to determine that the Funds financial statements are
complete and accurate and are in accordance with generally
accepted accounting principles. That is the responsibility of
management and the independent auditors. Nor is it the duty of
the Audit Committee to conduct investigations, to resolve
disagreements, if any, between management and the independent
auditors or to ensure compliance with laws and regulations.
D-7
Nuveen
Investments
333
West Wacker Drive
Chicago,
IL
60606-1286
(800) 257-8787
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1.
|
|
|
3 EASY WAYS TO VOTE YOUR PROXY
Automated Touch Tone Voting: Call toll-free 1-866-241-6192 and follow the recorded instructions.
|
Nuveen Investments
333 West Wacker Dr.
Chicago IL 60606
www.nuveen.com
999 999 999 999 99
|
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|
2.
3.
|
|
|
On the Internet at
www.proxyweb.com
, and
follow the simple instructions.
Sign, Date and Return this proxy card using the enclosed postage-paid envelope.
|
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FUND NAME PRINTS HERE
COMMON STOCK
|
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THIS PROXY IS SOLICITED BY THE BOARD OF THE FUND
FOR AN ANNUAL MEETING OF SHAREHOLDERS,
MAY 6, 2011
|
The Annual Meeting of shareholders will be held Friday, May 6, 2011 at 10:00 a.m. Central time, in
the 31st Floor Conference Room of Nuveen Investments, 333 West Wacker Drive, Chicago, Illinois,
60606. At this meeting, you will be asked to vote on the proposals described in the proxy
statement attached hereto. The undersigned hereby appoints Kevin J. McCarthy and Gifford R.
Zimmerman, and each of them, with full power of substitution, proxies for the undersigned, to
represent and vote the shares of the undersigned at the Annual Meeting of shareholders to be held
on Friday, May 6, 2011, or any adjournment or adjournments thereof.
WHETHER OR NOT YOU PLAN TO JOIN US AT THE MEETING, PLEASE COMPLETE, DATE AND SIGN YOUR PROXY CARD
AND RETURN IT IN THE ENCLOSED ENVELOPE SO THAT YOUR VOTE WILL BE COUNTED. AS AN ALTERNATIVE,
PLEASE CONSIDER VOTING BY TELEPHONE AT (866) 241-6192 OR OVER THE INTERNET
(
www.proxyweb.com
).
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¯
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|
Date:
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SIGN HERE EXACTLY AS NAME(S) APPEAR(S) ON LEFT.
(Please sign in Box.)
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NOTE: PLEASE SIGN YOUR NAME EXACTLY AS IT APPEARS ON THIS
PROXY. IF SHARES ARE HELD JOINTLY, EACH HOLDER MUST SIGN THE
PROXY. IF YOU ARE SIGNING ON BEHALF OF AN ESTATE, TRUST OR
CORPORATION, PLEASE STATE YOUR TITLE OR CAPACITY.
|
In their discretion, the proxies are authorized to vote upon such other business as may properly
come before the Annual Meeting.
Properly executed proxies will be voted as specified. If no specification is made, such shares
will be voted FOR each proposal.
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¯
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Please fill in box(es) as shown using black or blue ink or number 2 pencil.
ý
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PLEASE DO NOT USE FINE POINT PENS.
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¯
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1(c)
|
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Election of Board Members:
(01) John P. Amboian
(02) Robert P. Bremner
(03) Jack B. Evans
(04) David J. Kundert
|
(05) Judith M. Stockdale
(06) Carole E. Stone
(07) Terence J. Toth
(08) Virginia L. Stringer
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FOR
NOMINEES
listed
at left
(except as
marked to the
contrary)
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WITHHOLD
AUTHORITY
to vote for all
nominees
listed at
left
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o
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o
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(INSTRUCTION: To withhold authority to vote for any
individual nominee(s),
write the number(s) of the nominee(s) on the line provided above.)
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2.
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To transact such other
business as may properly
come before the Annual
Meeting.
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PLEASE SIGN ON REVERSE SIDE
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1.
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3 EASY WAYS TO VOTE YOUR PROXY
Automated Touch Tone Voting: Call toll-free 1-866-241-6192 and follow the recorded instructions.
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Nuveen Investments
333 West Wacker Dr.
Chicago IL 60606
www.nuveen.com
999 999 999 999 99
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2.
3.
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On the Internet at
www.proxyweb.com
, and
follow the simple instructions.
Sign, Date and Return this proxy card using the enclosed postage-paid envelope.
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FUND NAME PRINTS HERE
PREFERRED STOCK
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THIS PROXY IS SOLICITED BY THE BOARD OF THE FUND
FOR AN ANNUAL MEETING OF SHAREHOLDERS,
MAY 6, 2011
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The Annual Meeting of shareholders will be held Friday, May 6, 2011 at 10:00 a.m. Central time, in
the 31st Floor Conference Room of Nuveen Investments, 333 West Wacker Drive, Chicago, Illinois,
60606. At this meeting, you will be asked to vote on the proposals described in the proxy
statement attached hereto. The undersigned hereby appoints Kevin J. McCarthy and Gifford R.
Zimmerman, and each of them, with full power of substitution, proxies for the undersigned, to
represent and vote the shares of the undersigned at the Annual Meeting of shareholders to be held
on Friday, May 6, 2011, or any adjournment or adjournments thereof.
WHETHER OR NOT YOU PLAN TO JOIN US AT THE MEETING, PLEASE COMPLETE, DATE AND SIGN YOUR PROXY CARD
AND RETURN IT IN THE ENCLOSED ENVELOPE SO THAT YOUR VOTE WILL BE COUNTED. AS AN ALTERNATIVE,
PLEASE CONSIDER VOTING BY TELEPHONE AT (866) 241-6192 OR OVER THE INTERNET
(
www.proxyweb.com
).
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¯
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Date:
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SIGN HERE EXACTLY AS NAME(S) APPEAR(S) ON LEFT.
(Please sign in Box.)
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NOTE: PLEASE SIGN YOUR NAME EXACTLY AS IT APPEARS ON THIS
PROXY. IF SHARES ARE HELD JOINTLY, EACH HOLDER MUST SIGN THE
PROXY. IF YOU ARE SIGNING ON BEHALF OF AN ESTATE, TRUST OR
CORPORATION, PLEASE STATE YOUR TITLE OR CAPACITY.
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In their discretion, the proxies are authorized to vote upon such other business as may properly
come before the Annual Meeting.
Properly executed proxies will be voted as specified. If no specification is made, such shares
will be voted FOR each proposal.
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¯
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Please fill in box(es) as shown using black or blue ink or number 2 pencil.
ý
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PLEASE DO NOT USE FINE POINT PENS.
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¯
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1(c)
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Election of Board
Members:
(01) John P. Amboian
(02) Robert P. Bremner
(03) Jack B. Evans
(04) David J. Kundert
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(05) Judith M. Stockdale
(06) Carole E. Stone
(07) Terence J. Toth
(08) Virginia L. Stringer
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Preferred Shares Only
:
(09) William C. Hunter
(10) William J. Schneider
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FOR
NOMINEES
listed
at left
(except as
marked to the
contrary)
|
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WITHHOLD
AUTHORITY
to vote for all
nominees
listed at
left
|
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o
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o
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(INSTRUCTION: To withhold authority to vote for any
individual nominee(s),
write the number(s) of the nominee(s) on the line provided above.)
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2.
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To transact such other
business as may properly
come before the Annual
Meeting.
|
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PLEASE SIGN ON REVERSE SIDE
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