Distributions Highlight Nuveen’s Broad Range of Strategies
for Income-Seeking Investors
- Regular Monthly Tax-Exempt and Taxable
Fund Distributions
- Four Funds Declare Monthly Cash-Flow
Based Distributions
- Nine Funds Declare Regular Quarterly
Fund Distributions
- Nuveen Core Equity Alpha Fund Declares
Long-Term Capital Gain
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced that several closed-end funds declared regular monthly
distributions. These funds represent investment strategies for
investors seeking diversified sources of cash flow to prepare for
and sustain their retirement income needs. For further information
regarding fund distributions including earnings, undistributed net
investment income, and notices please visit
http://www.nuveen.com/cef.
The following dates apply to today's monthly distribution
declarations for the following tax-exempt and taxable closed-end
funds:
Record Date September
15, 2015 Ex-Dividend Date September 11, 2015
Payable Date October 1, 2015 Reinvest Date
October 1, 2015
Monthly Tax-Exempt Municipal
Distributions
Monthly distributions from Nuveen's municipal bond closed-end
funds are generally exempt from regular Federal income taxes, and
monthly distributions of single-state municipal funds 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 may be
subject to the Federal Alternative Minimum Tax for some
shareholders.*
Monthly Tax-Exempt DistributionPer
Share
Amount
Change FromPrevious Month
Ticker
Exchange
Fund
Name
NXP NYSE Select Tax-Free Income Portfolio $.0455 (.0020) NXQ NYSE
Select Tax-Free Income Portfolio 2 $.0445 - NXR NYSE Select
Tax-Free Income Portfolio 3 $.0455 (.0015) NUV NYSE Municipal Value
Fund $.0325 - NUW NYSE AMT-Free Municipal Value Fund $.0650 - NMI
NYSE Municipal Income Fund $.0415 - NIM NYSE Select Maturities
Municipal Fund $.0260 (.0015) NPI NYSE Premium Income Municipal
Fund $.0685 - NPP NYSE Performance Plus Municipal Fund $.0730 - NMA
NYSE Municipal Advantage Fund $.0660 - NMO NYSE Municipal Market
Opportunity Fund $.0635 - NQI NYSE Quality Municipal Fund $.0570 -
NQS NYSE Select Quality Municipal Fund $.0635 (.0030) NQU NYSE
Quality Income Municipal Fund $.0685 - NIO NYSE Municipal
Opportunity Fund $.0730 - NPF NYSE Premier Municipal Income Fund
$.0650 (.0035) NPM NYSE Premium Income Municipal Fund 2 $.0720 -
NPT NYSE Premium Income Municipal Fund 4 $.0680 - NEA NYSE AMT-Free
Municipal Income Fund $.0625 (.0020) NAD NYSE Dividend Advantage
Municipal Fund $.0710 - NXZ NYSE MKT Dividend Advantage Municipal
Fund 2 $.0650 (.0030) NZF NYSE MKT Dividend Advantage Municipal
Fund 3 $.0665 - NVG NYSE MKT Dividend Advantage Municipal Income
Fund $.0630 - NMZ NYSE MKT Municipal High Income Opportunity Fund
$.0760 - NEV NYSE Enhanced Municipal Value Fund $.0800 - NID NYSE
Intermediate Duration Municipal Term Fund $.0570 - NIQ NYSE
Intermediate Duration Quality Municipal Term Fund $.0475 (.0020)
NQM NYSE Investment Quality Municipal Fund $.0775 (.0045)
California
NAC NYSE CA Dividend Advantage Municipal Fund $.0760 - NKX NYSE CA
AMT-Free Municipal Income Fund $.0720 - NCA NYSE CA Municipal Value
Fund $.0390 - NVX NYSE MKT CA Dividend Advantage Municipal Fund 2
$.0675 (.0025) NZH NYSE MKT CA Dividend Advantage Municipal Fund 3
$.0670 - NXC NYSE CA Select Tax-Free Income Portfolio $.0545 - NCB
NYSE MKT CA Municipal Value Fund 2 $.0650 -
New
York
NRK NYSE NY AMT-Free Municipal Income Fund $.0585 - NAN NYSE NY
Dividend Advantage Municipal Fund $.0665 - NXN NYSE NY Select
Tax-Free Income Portfolio $.0460 - NNY NYSE NY Municipal Value Fund
$.0325 - NYV NYSE MKT NY Municipal Value Fund 2 $.0525 -
Other State
Funds
NAZ NYSE AZ Premium Income Municipal Fund $.0665 - NTC NYSE CT
Premium Income Municipal Fund $.0570 - NKG NYSE GA Dividend
Advantage Municipal Fund 2 $.0535 - NMT NYSE MA Premium Income
Municipal Fund $.0590 - NMY NYSE MD Premium Income Municipal Fund
$.0555 - NUM NYSE MI Quality Income Municipal Fund $.0640 - NMS
NYSE MN Municipal Income Fund $.0665 (.0025) NOM NYSE MKT MO
Premium Income Municipal Fund $.0610 - NNC NYSE NC Premium Income
Municipal Fund $.0490 - NXJ NYSE NJ Dividend Advantage Municipal
Fund $.0680 - NJV NYSE MKT NJ Municipal Value Fund $.0490 - NUO
NYSE OH Quality Income Municipal Fund $.0670 (.0030) NQP NYSE PA
Investment Quality Municipal Fund $.0690 - NPN NYSE MKT PA
Municipal Value Fund $.0520 - NTX NYSE TX Quality Income Municipal
Fund $.0545 - NPV NYSE VA Premium Income Municipal Fund $.0570
(.0040)
Monthly Taxable
Distributions
Monthly Taxable
Distribution Per Share
Change
From
Ticker
Exchange
Fund
Name
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 $.0670
- JPI NYSE Preferred and Income Term Fund $.1625 -
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 $.0500 -
Mortgage-Backed
Securities
JMM NYSE Multi-Market Income Fund $.0400 -
Taxable
Municipal
NBB NYSE Build America Bond Fund $.1120 - NBD NYSE Build America
Bond Opportunity Fund $.1085 -
Real
Assets
DRA NYSE Diversified Real Asset Income Fund $.1440 -
Global
Equity
JGH NYSE Global High Income Fund $.1320 - JHY NYSE High Income 2020
Target $.0570
Monthly Cash-Flow-Based
Distributions
Each of the four taxable funds listed immediately below have
adopted a cash-flow based distribution program. Potential
distribution sources include net investment income, realized gains
and return of capital. If a distribution includes anything other
than net investment income, the fund provides a notice of the best
estimate of its distribution sources at the time of payment which
may be viewed at: www.nuveen.com/CEFdistributions. These
estimates may not match the final tax characterization (for the
full year’s distributions) contained in shareholders’ 1099-DIV
forms after the end of the year.
Under a cash-flow based distribution approach, each fund seeks
to maintain an attractive and stable regular distribution amount
based on the fund’s net cash flow received from portfolio
investments. Fund distributions are not intended to include
expected portfolio appreciation; each fund may invest in securities
which have cash flow that ultimately may be fully or partially
treated as gains or return of capital for tax purposes. You should
not draw any conclusions about a fund’s past or future investment
performance from its current distribution rate.
The following dates apply to today's monthly cash-flow based and
quarterly taxable distribution declarations for the following
closed-end funds:
Record Date September 15, 2015
Ex-Dividend Date September 11,
2015 Payable Date October 1, 2015 Reinvest
Date October 1, 2015 Monthly
Distribution Per Share Change From
Ticker
Exchange
Fund
Name
Amount
Previous Month
Preferred
Securities
JPW NYSE Flexible Investment Income Fund $.1180 (.0080)
Mortgage-Backed
Securities
JLS NYSE Mortgage Opportunity Term Fund $.1265 - JMT NYSE Mortgage
Opportunity Term Fund 2 $.1275 -
Real
Assets
JRI NYSE Real Asset Income and Growth $.1245 (.0100)
Quarterly Taxable Closed-End Fund
Distributions
The goal of a fund’s managed distribution program is to provide
shareholders relatively consistent and predictable cash flow by
systematically converting its expected long-term return potential
into regular distributions. As a result, potential distribution
sources for regular distributions throughout the year include
realized gains and return of capital, in addition to net investment
income. If a distribution includes anything other than net
investment income, the fund provides a notice of the best estimate
of its distribution sources at that time which may be viewed
at www.nuveen.com/CEFdistributions. These estimates may
not match the final tax characterization (for the full year’s
distributions) contained in shareholders’ 1099-DIV forms after the
end of the year.
Under a Managed Distribution policy, each of the nine funds
listed immediately below seeks to maintain an attractive and stable
regular distribution amount that, over the long term, matches the
fund’s total distributions paid to its total return. You should not
draw any conclusions about a fund’s past or future investment
performance from its current distribution rate. Actual returns
likely will differ from projected long-term returns (and therefore
a fund’s distribution rate), at least over shorter time periods.
Over a specific timeframe, the difference between actual returns
and total distributions will be reflected in an increasing (returns
exceed distributions) or a decreasing (distributions exceed
returns) fund net asset value.
- A return of capital is a non-taxable
distribution of a portion of the fund’s capital. When fund returns
exceed distributions, return of capital may represent portfolio
gains earned, but not realized as a taxable capital gain. In
periods when fund returns fall short of distributions, it will
represent a portion of your original principal unless the shortfall
is offset during other time periods over the life of your
investment (previous or subsequent) when the fund’s total return
exceeds distributions.
- For additional information about
managed distributions, please see Understanding Managed
Distributions.
Quarterly Taxable Distribution
Per Share
Change From
Ticker
Exchange
Closed-End
Funds:
Amount Previous Quarter
Global
Equity
JGV NYSE Global Value Opportunities Fund $.2520 -
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 -
Equity
Option
DIAX NYSE Dow 30SM Dynamic Overwrite Fund $.2660 - BXMX NYSE
S&P 500 Buy-Write Income Fund $.2490 - QQQX NYSE NASDAQ 100
Dynamic Overwrite Fund $.3500 - SPXX NYSE S&P 500 Dynamic
Overwrite Fund $.2610 -
Multi-Strategy
JDD NYSE Diversified Dividend and Income Fund $.2700 -
Long-Term Capital Gain
The Nuveen Core Equity Alpha Fund (NYSE: JCE) has declared a
long term capital gain distribution with the record, ex-dividend
and payable date mentioned below.
The following dates apply to today’s distribution
declaration:
Record Date September
15, 2015 Ex-Dividend Date September 11, 2015
Payable Date October 1, 2015 Reinvest Date
October 1, 2015 Taxable
Distribution Per Share Ordinary Short
Term Long-Term Income
Capital Gain Capital Gain
Ticker
Fund
Name
JCE Core Equity Alpha Fund - - 1.5378
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
June 30, 2015. 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.
10203-INV-O-08/16
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150901006741/en/
Nuveen InvestmentsMedia Contact:Kristyna Munoz, (312)
917-8343kristyna.munoz@nuveen.com
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