Nuveen Investments, a leading global provider of investment
services to institutions and high-net-worth investors, today
announced that 114 Nuveen closed-end funds had declared regular
monthly distributions. These funds represent a broad range of
tax-exempt, taxable fixed and floating rate income investment
strategies for investors seeking to build sophisticated and
diversified long-term investment portfolios for cash flow. The
funds’ monthly distributions are listed below.
Monthly distributions from Nuveen's municipal closed-end funds
and portfolios are generally exempt from regular Federal income
taxes, and monthly distributions of single-state municipal funds
and portfolios are also exempt from state and, in some cases, local
income taxes for in-state residents. Unless otherwise stated in the
funds' objectives, monthly distributions of the municipal funds and
portfolios may be subject to the Federal Alternative Minimum Tax
for some shareholders.
All of Nuveen’s funds seek to pay stable distributions at rates
that reflect each fund’s past results and projected future
performance. During certain periods, each fund may pay
distributions at a rate that may be more or less than the amount of
net investment income actually earned by the fund during the
period. If a fund cumulatively earned more than it has paid in
distributions, it holds the excess in reserve as undistributed net
investment income (UNII) as part of the fund’s net asset value
(NAV). Conversely, if a fund has cumulatively paid distributions in
excess of its earnings, the excess constitutes negative UNII that
is likewise reflected in the fund’s NAV. Each fund will, over time,
pay all of its net investment income as distributions to
shareholders. The funds’ positive or negative UNII balances are
disclosed from time to time in their periodic shareholder reports,
and are also on www.nuveen.com/cef
In addition, distributions for certain funds investing in real
estate investment trusts (REITs) may later be characterized as
capital gains and/or a return of capital, depending on the
character of the dividends reported to each fund after year-end by
REIT securities held by each fund. The Nuveen preferred securities
funds, JTP, JPS and JHP may invest in REITs; a list of funds that
are likely to be affected by re-characterization is posted to
www.nuveen.com each January, and updated tax characteristics are
posted to the web site and mailed to shareholders via form 1099-DIV
during the first quarter of the year.
The following dates apply to today’s distribution
declarations for the following Closed-End Funds:
Record Date December 15, 2010
Ex-Dividend Date
December 13, 2010
Payable Date December 31, 2010
Monthly Tax-FreeDistribution Per
Share
Change From Amount Previous
Month
Ticker
Closed-End
Portfolios
NXP Select Portfolio $.0595 - NXQ Select Portfolio 2 .0555 - NXR
Select Portfolio 3 .0535 - NXC CA Select Portfolio .0555 - NXN NY
Select Portfolio .0510 -
Closed-End
Funds
Non-Leveraged
Funds
NUV Municipal Value .0390 - NUW Municipal Value 2 .0750 - NCA CA
Municipal Value .0380 - NNY NY Municipal Value .0355 - NMI
Municipal Income .0475 - NIM Select Maturities .0350 - NYV NY
Municipal Value 2 .0640 - NCB CA Municipal Value 2 .0665 (.0025)
NJV NJ Municipal Value .0640 - NPN PA Municipal Value .0630 -
Leveraged Funds
National
NPI Premium Income .0765 - NPP Performance Plus .0785 - NMA
Advantage .0825 - NMO Market Opportunity .0815 - NQM Investment
Quality .0785 - NQI Insured Quality .0710 - NQS Select Quality
.0860 - NQU Quality Income .0790 - NIO Insured Opportunity .0720 -
NPF Premier .0725 - NIF Premier Insured .0740 -
Change From
Amount Previous Month NPM Premium Income 2
.0740 - NPT Premium Income 4 .0710 - NPX Insured Premium 2 .0620 -
NAD Dividend Advantage .0760 - NXZ Dividend Advantage 2 .0800 - NZF
Dividend Advantage 3 .0820 - NVG Insured Dividend Advantage .0700 -
NEA Insured Tax-Free Advantage .0680 - NMZ High Income Opportunity
Fund .0835 - NMD High Income Opportunity Fund 2 .0750 (.0050) NEV
Enhanced Municipal Value Fund .0760 -
California
NCP Performance Plus .0750 - NCO Market Opportunity .0780 - NQC
Investment Quality .0760 - NVC Select Quality .0810 - NUC Quality
Income .0810 - NPC Insured Premium Income .0725 - NCL Insured
Premium Income 2 .0720 - NCU Premium Income .0725 - NAC Dividend
Advantage .0745 - NVX Dividend Advantage 2 .0800 - NZH Dividend
Advantage 3 .0750 - NKL Insured Dividend Advantage .0785 - NKX
Insured Tax-Free Advantage .0670 -
New
York
NNP Performance Plus .0735 - NQN Investment Quality .0670 - NVN
Select Quality .0700 - NUN Quality Income .0690 - NNF Insured
Premium Income .0645 - NAN Dividend Advantage .0655 - NXK Dividend
Advantage 2 .0665 - NKO Insured Dividend Advantage .0645 - NRK
Insured Tax-Free Advantage .0615 -
Other State
Funds
NAZ AZ Premium Income .0625 - NFZ AZ Dividend Advantage .0645 - NKR
AZ Dividend Advantage 2 .0670 - NXE AZ Dividend Advantage 3 .0630 -
NTC CT Premium Income .0590 - NFC CT Dividend Advantage .0640 - NGK
CT Dividend Advantage 2 .0660 - NGO CT Dividend Advantage 3 .0600 -
NPG GA Premium Income .0590 - NZX GA Dividend Advantage .0640 - NKG
GA Dividend Advantage 2 .0600 - NMY MD Premium Income .0635 -
Change From Amount Previous Month NFM
MD Dividend Advantage .0650 - NZR MD Dividend Advantage 2 .0660 -
NWI MD Dividend Advantage 3 .0630 - NMT MA Premium Income .0650 -
NMB MA Dividend Advantage .0690 - NGX Insured MA Tax-Free Advantage
.0630 - NUM MI Quality Income .0700 - NMP MI Premium Income .0695 -
NZW MI Dividend Advantage .0670 - NOM MO Premium Income .0650 - NQJ
NJ Investment Quality .0690 - NNJ NJ Premium Income .0685 - NXJ NJ
Dividend Advantage .0695 - NUJ NJ Dividend Advantage 2 .0715 - NNC
NC Premium Income .0620 - NRB NC Dividend Advantage .0700 - NNO NC
Dividend Advantage 2 .0680 - NII NC Dividend Advantage 3 .0660 -
NUO OH Quality Income .0750 - NXI OH Dividend Advantage .0735 - NBJ
OH Dividend Advantage 2 .0700 - NVJ OH Dividend Advantage 3 .0755 -
NQP PA Investment Quality .0755 - NPY PA Premium Income 2 .0700 -
NXM PA Dividend Advantage .0725 - NVY PA Dividend Advantage 2 .0745
- NTX TX Quality Income .0715 - NPV VA Premium Income .0670 - NGB
VA Dividend Advantage .0640 - NNB VA Dividend Advantage 2 .0660 -
Monthly TaxableDistribution Per
Share
Closed-End
Funds:
Change From
Ticker
Taxable
Funds
Amount Previous Month
Preferred
Securities
JTP Quality Preferred Income Fund .0500 - JPS Quality Preferred
Income Fund 2 .0550 - JHP Quality Preferred Income Fund 3 .0520 -
Floating Rate:
Corporate Loans
NSL Senior Income Fund .0410 - JFR Floating Rate Income Fund .0570
.0030 JRO Floating Rate Income Opportunity Fund .0665 .0015
Floating Rate:
Tax Advantaged
JFP Tax-Advantaged Floating Rate Fund .0150 -
Mortgage-Backed
Securities
JLS Mortgage Opportunity Term Fund .1725 - JMT Mortgage Opportunity
Term Fund 2 .1670 -
Change From Amount
Previous Month
Taxable
Municipal
NBB Nuveen Build America Bond Fund .1170 -
Master Limited
Partnership
MTP MLP & Strategic Equity Fund Inc. .0700 -
Equity
Option
DPD
Dow 30SM Premium & Dividend Income
Fund Inc.
.1030 - DPO Dow 30SM Enhanced Premium and Income Fund Inc. .0850 -
The following dates apply to today’s distribution
declarations for the following MTP shares:
Record Date December 15, 2010
Ex-Dividend Date
December 13, 2010
Payable Date December 31, 2010
Distribution Per Share
Ticker
MuniFund Term
Preferred
Long-Term Tax-Free Capital Gain
NVG PrC Nuveen Insured Dividend Advantage Municipal Fund MTP
.024583 - NGB PrC Nuveen Virginia Dividend Advantage Municipal Fund
MTP .023333 - NNB PrC Nuveen Virginia Dividend Advantage Municipal
Fund 2 MTP .023333 - NAN PrC Nuveen New York Dividend Advantage
Municipal Fund MTP .015745 .010392 NZH PrC Nuveen California
Dividend Advantage Municipal Fund 3 MTP .024583 - NEA PrC Nuveen
Insured Tax-Free Advantage Municipal Fund MTP .023750 - NKG PrC
Nuveen Georgia Dividend Advantage Municipal Fund 2 MTP .022083 -
NMT PrC Nuveen Massachusetts Premium Income Municipal Fund MTP
.022083 - NMY PrC Nuveen Maryland Premium Income Municipal Fund MTP
.022083 - NNC PrC Nuveen North Carolina Premium Income Municipal
Fund MTP .022083 - NPV PrC Nuveen Virginia Premium Income Municipal
Fund MTP .022083 - NTC PrC Nuveen Connecticut Premium Income
Municipal Fund MTP .022083 - NII PrC Nuveen North Carolina Dividend
Advantage Municipal Fund 3 MTP .022083 - NGO PrC Nuveen Connecticut
Dividend Advantage Municipal Fund 3 MTP .022083 - NGX PrC Nuveen
Insured Mass. Tax-Free Advantage Municipal Fund MTP .022083 - NPG
PrC Nuveen Georgia Premium Income Municipal Fund MTP .022083 - NZX
PrC Nuveen Georgia Dividend Advantage Municipal Fund MTP .022083 -
NWI PrC Nuveen Maryland Dividend Advantage Municipal Fund 3 MTP
.022083 - NAD PrC Nuveen Dividend Advantage Municipal Fund MTP
.022500 - NMB PrC Nuveen Massachusetts Dividend Advantage Municipal
Fund MTP .021667 - NRB PrC Nuveen North Carolina Dividend Advantage
Municipal Fund MTP .021667 - NNO PrC Nuveen North Carolina Dividend
Advantage Municipal Fund 2 MTP .021667 - NFC PrC Nuveen Connecticut
Dividend Advantage Municipal Fund MTP .021667 - NGK PrC Nuveen
Connecticut Dividend Advantage Municipal Fund 2 MTP .021667 - NXK
PrC Nuveen New York Dividend Advantage Municipal Fund 2 MTP .021250
- NRK PrC Nuveen Insured New York Tax Free Advantage Municipal Fund
MTP .021250 - NFM PrC Nuveen Maryland Dividend Advantage Municipal
Fund MTP .021667 - NZR PrC Nuveen Maryland Dividend Advantage
Municipal Fund 2 MTP .021667 - NCU PrC Nuveen California Premium
Income Municipal Fund MTP .016667 - NUJ PrC Nuveen New Jersey
Dividend Advantage Municipal Fund 2 MTP .016667 -
Long-Term
Tax-Free Capital Gain NXM PrC Nuveen
Pennsylvania Dividend Advantage Municipal Fund MTP .017500 - NKR
PrC Nuveen Arizona Dividend Advantage Municipal Fund 2 MTP .017083
- NFZ PrC Nuveen Arizona Dividend Advantage Municipal Fund MTP
.017083 - NVX PrC Nuveen California Dividend Advantage Municipal
Fund 2 MTP .017083 - NVY PrC Nuveen Pennsylvania Dividend Advantage
Municipal Fund 2 MTP .017917 -
The following dates apply to today’s distribution
declarations for the following MTP shares:
Record Date December 29, 2010
Ex-Dividend Date
December 27, 2010
Payable Date December 31, 2010
Ticker
MuniFund Term
Preferred
Long-Term Tax-Free Capital
Gain NTX PrC Nuveen Texas Quality Income Municipal Fund MTP *
.037694 - NOM PrC Nuveen Missouri Premium Income Municipal Fund MTP
* .030333 - NZW PrC Nuveen Michigan Dividend Advantage Municipal
Fund MTP * .031306 - NXI PrC Nuveen Ohio Dividend Advantage
Municipal Fund MTP * .025458 -
* Initial Distribution
Nuveen Investments provides high quality investment services
designed to help secure the long-term goals of institutions and
high net worth investors as well as the consultants and financial
advisors who serve them. Nuveen Investments markets its growing
range of specialized investment solutions under the high-quality
brands of NWQ, Nuveen, Santa Barbara, Symphony, Tradewinds, Winslow
Capital and Nuveen HydePark. In total, the Company managed more
than $160 billion as of September 30, 2010. For more information,
please visit the Nuveen Investments website at www.nuveen.com.
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