Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced that 77 Nuveen closed-end funds declared regular monthly
distributions and six closed-end funds declared regular quarterly
distributions. These funds represent a broad range of tax-exempt,
taxable fixed and floating rate income investment strategies for
investors seeking to build sophisticated and diversified long-term
investment portfolios for cash flow. The funds’ monthly and
quarterly distributions are listed below.
The following dates apply to today's distribution
declarations for the following Closed-End Funds:
Record Date March 13, 2015
Ex-Dividend Date March 11, 2015 Payable Date
April 1, 2015 Reinvest Date April 1, 2015
Monthly TAX--FREE Distribution Per
Share Change From
TAX-FREE FUNDS Amount
Previous Month
Ticker
Exchange
Fund
Name
NXP NYSE Select Portfolio $.0475 (.0010) NXQ NYSE Select Portfolio
2 $.0460 - NXR NYSE Select Portfolio 3 $.0490 - NUV NYSE Municipal
Value $.0345 - NUW NYSE Municipal Value 2 $.0650 - NMI NYSE
Municipal Income $.0425 - NIM NYSE Select Maturities $.0275 (.0010)
Leveraged
Funds
National
NPI NYSE Premium Income $.0685 - NPP NYSE Performance Plus $.0770 -
NMA NYSE Advantage $.0660 (.0010) NMO NYSE Market Opportunity
$.0670 - NQI NYSE Quality Municipal $.0550 - NQS NYSE Select
Quality $.0665 - NQU NYSE Quality Income $.0685 - NIO NYSE
Municipal Opportunity $.0730 - NPF NYSE Premier $.0685 (.0035) NPM
NYSE Premium Income 2 $.0720 - NPT NYSE Premium Income 4 $.0680 -
NAD NYSE Dividend Advantage $.0740 - NEA NYSE AMT-Free Municipal
Income $.0685 - NXZ NYSE Dividend Advantage 2 $.0680 (.0035) NZF
NYSE MKT Dividend Advantage 3 $.0640 .0015 NVG NYSE MKT Dividend
Advantage Municipal $.0610 - NMZ NYSE MKT High Income Opportunity
Fund $.0760 - NEV NYSE Enhanced Municipal Value Fund $.0800 - NID
NYSE Int. Duration Municipal Term Fund $.0570 - NIQ NYSE Int.
Duration Quality Municipal Term Fund $.0495 - NQM NYSE Investment
Quality $.0820 -
California
NAC NYSE Dividend Advantage $.0800 - NKX NYSE CA AMT-Free Municipal
Income $.0720 - NCA NYSE CA Municipal Value $.0390 - NVX NYSE MKT
Dividend Advantage 2 $.0700 - NZH NYSE MKT Dividend Advantage 3
$.0670 - NXC NYSE CA Select Portfolio $.0570 - NCB NYSE MKT CA
Municipal Value 2 $.0650 -
New
York
NRK NYSE AMT-Free Municipal Income $.0610 - NNP NYSE Performance
Plus $.0685 (.0025) NAN NYSE Dividend Advantage $.0650 .0020 NXK
NYSE MKT Dividend Advantage 2 $.0580 .0030 NXN NYSE NY Select
Portfolio $.0460 - NNY NYSE NY Municipal Value $.0325 - NYV NYSE
MKT NY Municipal Value 2 $.0525 -
Other State
Funds
NAZ NYSE AZ Premium Income $.0665 - NTC NYSE CT Premium Income
$.0570 - NKG NYSE GA Dividend Advantage 2 $.0535 - NMT NYSE MA
Premium Income $.0590 .0015 NMY NYSE MD Premium Income $.0555 - NUM
NYSE MI Quality Income $.0675 - NMS NYSE MN Municipal Income Fund
$.0690 - NOM NYSE MKT MO Premium Income $.0610 - NNC NYSE NC
Premium Income $.0490 (.0015) NXJ NYSE NJ Dividend Advantage $.0680
- NJV NYSE MKT NJ Municipal Value $.0500 - NUO NYSE OH Quality
Income $.0700 (.0040) NQP NYSE PA Investment Quality $.0690 - NPN
NYSE MKT PA Municipal Value $.0520 - NTX NYSE TX Quality Income
$.0545 - NPV NYSE VA Premium Income $.0610 - Monthly
Taxable Distribution Per Share
Closed-End
Funds:
Change From
Ticker
Taxable
Funds
Amount Previous Month
Preferred
Securities
JTP NYSE Quality Preferred Income Fund $.0550 - JPS NYSE Quality
Preferred Income Fund 2 $.0580 - JHP NYSE Quality Preferred Income
Fund 3 $.0560 - JPC NYSE Preferred Income Opportunities Fund $.0655
.0022 JPI NYSE Preferred and Income Term Fund $.1595 - JPW NYSE
Nuveen Flexible Investment Income Fund $.1260 -
Floating Rate:
Corporate Loans
NSL NYSE Senior Income Fund $.0350 - JFR NYSE Floating Rate Income
Fund $.0600 - JRO NYSE Floating Rate Income Opportunity Fund $.0630
- JSD NYSE Short Duration Credit Opportunities Fund $.0970 - JQC
NYSE Credit Strategies Income Fund $.0485 -
Mortgage-Backed
Securities
JLS NYSE Mortgage Opportunity Term Fund $.1265 - JMT NYSE Mortgage
Opportunity Term Fund 2 $.1275 - JMM NYSE Multi-Market Income Fund
$.0400 -
Taxable
Municipal
NBB NYSE Build America Bond Fund $.1160 - NBD NYSE Build America
Bond Opportunity Fund $.1140 -
Real
Assets
JRI NYSE Real Asset Income and Growth $.1345 - DRA NYSE Diversified
Real Asset Income Fund $.1175 -
Global
Equity
JGH NYSE Global High Income Fund
**
The following dates apply to today's distribution
declarations for the following MTP Shares:
Record Date March 13, 2015 Ex-Dividend
Date March 11, 2015 Payable Date April 1,
2015
Ticker
MuniFund Term
Preferred
Monthly Tax-FreeDistribution Per
Share
NTX PrC Nuveen Texas Quality Income Municipal Fund MTP .019167
Monthly distributions from Nuveen's municipal closed-end funds
and portfolios are generally exempt from regular Federal income
taxes, and monthly distributions of single-state municipal funds
and portfolios are also generally exempt from state and, in some
cases, local income taxes for in-state residents. Unless otherwise
stated in the funds' objectives, monthly distributions of the
municipal funds and portfolios may be subject to the Federal
Alternative Minimum Tax for some shareholders.*
Each of the six funds below has adopted a managed distribution
program. The goal of a fund’s managed distribution program is to
provide shareholders relatively consistent and predictable cash
flow by systematically converting its expected long-term return
potential into regular distributions. As a result, regular
distributions throughout the year will likely include a portion of
expected long-term gains (both realized and unrealized), along with
net investment income and/or a return of capital. Important points
to understand about Nuveen fund managed distributions are:
- Each Nuveen fund seeks to establish a
relatively stable distribution rate that roughly corresponds to the
projected total return from its investment strategy over an
extended period of time. However, investors should not draw any
conclusions about a fund’s past or future investment performance
from its current distribution rate.
- Actual returns will differ from
projected long-term returns (and therefore a fund’s distribution
rate), at least over shorter time periods. Over a specific
timeframe, the difference between actual returns and total
distributions will be reflected in an increasing (returns exceed
distributions) or a decreasing (distributions exceed returns) fund
net asset value.
- Each quarter’s distributions are
expected to be paid from some or all of the following sources:
- net investment income (regular interest
and dividends),
- realized capital gains, and
- unrealized gains, or, in certain cases,
a return of principal (non-taxable distributions)
- A non-taxable distribution is a payment
of a portion of the fund’s capital. When fund returns exceed
distributions, it may represent portfolio gains earned, but not
realized as a taxable capital gain. In periods when fund returns
fall short of distributions, it will represent a portion of your
original principal unless the shortfall is offset during other time
periods over the life of your investment (previous or subsequent)
when the fund’s total return exceeds distributions.
- Because distribution source estimates
are updated quarterly based on a fund’s performance and forecast
for its current fiscal year (which is the calendar year for all the
funds listed below), these estimates may differ from both the tax
information reported to shareholders in their fund’s 1099
statement, as well as the ultimate economic sources of
distributions over the life of their investment.
Quarterly Taxable
DistributionPer Share
Change From
Ticker
Exchange
Closed-End
Funds:
Amount Previous Quarter
Global
Equity
JGV NYSE Global Value Opportunities Fund $.2520 (.0130)
Equity
JTA NYSE Tax-Advantaged Total Return Strategy Fund $.2720 - JTD
NYSE Tax-Advantaged Dividend Growth Fund $.3230 - JCE NYSE Core
Equity Alpha Fund $.3030 -
Real
Asset
JRS NYSE MKT Real Estate Income Fund $.2400 .0150
Multi-Strategy
JDD NYSE Diversified Dividend and Income Fund $.2700 .0100
All of Nuveen’s closed-end funds seek to pay stable
distributions at rates that reflect each fund’s past results and
projected future performance. During certain periods, each fund may
pay distributions at a rate that may be more or less than the
amount of net investment income actually earned by the fund during
the period. If a fund cumulatively earned more than it has paid in
distributions, it holds the excess in reserve as undistributed net
investment income (UNII) as part of the fund’s net asset value
(NAV). Conversely, if a fund has cumulatively paid distributions in
excess of its earnings, the excess constitutes negative UNII that
is likewise reflected in the fund’s NAV. Each fund will, over time,
pay all of its net investment income as distributions to
shareholders. The funds’ positive or negative UNII balances are
disclosed from time to time in their periodic shareholder reports,
and are also on
http://www.nuveen.com/Home/Documents/Default.aspx?fileId=64342.
In addition, distributions for certain funds investing in real
estate investment trusts (REITs) may later be characterized as
capital gains and/or a return of capital, depending on the
character of the dividends reported to each fund after year-end by
REIT securities held by each fund. Each January, updated tax
characteristics for affected funds are posted to the Nuveen web
site and mailed to shareholders via form 1099-DIV during the first
quarter of the year.
Nuveen Investments provides high-quality investment services
designed to help secure the long-term goals of institutional and
individual investors as well as the consultants and financial
advisors who serve them. Nuveen Investments markets a wide range of
specialized investment solutions which provide investors access to
capabilities of its high-quality boutique investment
affiliates—Nuveen Asset Management, LLC, Symphony Asset Management
LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset
Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital
Management, LLC and Gresham Investment Management LLC, all of which
are registered investment advisers and independent investment
subsidiaries of Nuveen Investments, Inc. Funds distributed by
Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc.
Nuveen Investments operates as a separate subsidiary within
TIAA-CREF, which is a leading provider of retirement and financial
services in the academic, research, medical and cultural fields. In
total, Nuveen Investments managed approximately $230 billion as of
December 31, 2014. For more information, please visit the Nuveen
Investments website at www.nuveen.com.
* Nuveen does not provide tax advice; consult a professional tax
advisor regarding your specific tax situation.
**The distribution information for JGH can be found in a
separate press release, also issued today.
6472-INV-O03/16
Nuveen InvestmentsMedia Contact:Kristyna Munoz(312)
917-8343kristyna.munoz@nuveen.com
Nuveen New York Dividend Advantage Municipal Fund 2 Share of Beneficial Interest (delisted) (AMEX:NXK)
Historical Stock Chart
From Jul 2024 to Aug 2024
Nuveen New York Dividend Advantage Municipal Fund 2 Share of Beneficial Interest (delisted) (AMEX:NXK)
Historical Stock Chart
From Aug 2023 to Aug 2024