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
- Eight Funds Declare Regular Quarterly
Distributions
Several Nuveen closed-end funds have declared 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 June 15, 2017 Ex-Dividend Date
June 13, 2017 Payable Date July 3, 2017
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-Free Distribution Per
Share Change From Amount Previous Month
Ticker
Exchange
Fund
Name
National
NXP NYSE Nuveen Select Tax-Free Income Portfolio $.0455 - NXQ NYSE
Nuveen Select Tax-Free Income Portfolio 2 $.0420 - NXR NYSE Nuveen
Select Tax-Free Income Portfolio 3 $.0435 - NUV NYSE Nuveen
Municipal Value Fund, Inc. $.0325 - NUW NYSE Nuveen AMT-Free
Municipal Value Fund $.0600 - NMI NYSE Nuveen Municipal Income
Fund, Inc. $.0405 - NIM NYSE Nuveen Select Maturities Municipal
Fund $.0260 - NZF NYSE Nuveen Municipal Credit Income Fund $.0740 -
NVG NYSE Nuveen AMT-Free Municipal Credit Income Fund $.0725 - NMZ
NYSE Nuveen Municipal High Income Opportunity Fund $.0675 - NEV
NYSE Nuveen Enhanced Municipal Value Fund $.0680 - NID NYSE Nuveen
Intermediate Duration Municipal Term Fund $.0530 - NIQ NYSE Nuveen
Intermediate Duration Quality Municipal Term Fund $.0415 - NHA NYSE
Nuveen Municipal 2021 Target Term Fund $.0190 - NEA NYSE Nuveen
AMT-Free Quality Municipal Income Fund $.0620 - NAD NYSE Nuveen
Quality Municipal Income Fund $.0640 -
California
NAC NYSE Nuveen California Quality Municipal Income Fund $.0655
(.0030) NKX NYSE Nuveen California AMT-Free Quality Municipal
Income Fund $.0655 - NCA NYSE Nuveen California Municipal Value
Fund, Inc. $.0340 - NXC NYSE Nuveen California Select Tax-Free
Income Portfolio $.0495 - NCB NYSE Nuveen California Municipal
Value Fund 2 $.0630 -
New
York
NRK NYSE Nuveen New York AMT-Free Quality Municipal Income Fund
$.0535 - NAN NYSE Nuveen New York Quality Municipal Income Fund
$.0595 - NXN NYSE Nuveen New York Select Tax-Free Income Portfolio
$.0460 - NNY NYSE Nuveen New York Municipal Value Fund, Inc. $.0315
- NYV NYSE Nuveen New York Municipal Value Fund 2 $.0500 -
Other State
Funds
NAZ NYSE Nuveen Arizona Quality Municipal Income Fund $.0540 - NTC
NYSE Nuveen Connecticut Quality Municipal Income Fund $.0485 - NKG
NYSE Nuveen Georgia Quality Municipal Income Fund $.0470 - NMT NYSE
Nuveen Massachusetts Quality Municipal Income Fund $.0545 - NMY
NYSE Nuveen Maryland Quality Municipal Income Fund $.0525 - NUM
NYSE Nuveen Michigan Quality Municipal Income Fund $.0535 - NMS
NYSE Nuveen Minnesota Quality Municipal Income Fund $.0635 - NOM
NYSE Nuveen Missouri Quality Municipal Income Fund $.0560 - NNC
NYSE Nuveen North Carolina Quality Municipal Income Fund $.0440 -
NXJ NYSE Nuveen New Jersey Quality Municipal Income Fund $.0580 -
NJV NYSE MKT Nuveen New Jersey Municipal Value Fund $.0475 - NUO
NYSE Nuveen Ohio Quality Municipal Income Fund $.0585 - NQP NYSE
Nuveen Pennsylvania Quality Municipal Income Fund $.0585 - NPN NYSE
MKT Nuveen Pennsylvania Municipal Value Fund $.0495 - NTX NYSE
Nuveen Texas Quality Municipal Income Fund $.0530 - NPV NYSE Nuveen
Virginia Quality Municipal Income Fund $.0460 -
Monthly Taxable Distributions
Monthly Distribution Per Share Change
From
Ticker
Exchange
Fund
Name
Amount Previous Month
Preferred
Securities
JPI NYSE Nuveen Preferred and Income Term Fund $.1415 (.0090) JPS
NYSE Nuveen Preferred Securities Income Fund $.0620 - JPT NYSE
Nuveen Preferred and Income 2022 Term Fund $.1275 -
Floating Rate:
Corporate Loans
NSL NYSE Nuveen Senior Income Fund $.0395 - JFR NYSE Nuveen
Floating Rate Income Fund $.0675 - JRO NYSE Nuveen Floating Rate
Income Opportunity Fund $.0705 - JSD NYSE Nuveen Short Duration
Credit Opportunities Fund $.1060 - JQC NYSE Nuveen Credit
Strategies Income Fund $.0525 -
Mortgage-Backed
Securities
JMM NYSE Nuveen Multi-Market Income Fund $.0360 -
Taxable
Municipal
NBB NYSE Nuveen Build America Bond Fund $.1030 - NBD NYSE Nuveen
Build America Bond Opportunity Fund $.0955 -
Global
Debt
JGH NYSE Nuveen Global High Income Fund $.1200 -
High Yield
Debt
JHY NYSE Nuveen High Income 2020 Target Term Fund $.0490 (.0065)
JHA NYSE Nuveen High Income December 2018 Target Term Fund $.0400
(.0050) JHD NYSE Nuveen High Income December 2019 Target Term Fund
$.0505 - JHB NYSE Nuveen High Income November 2021 Target Term Fund
$.0500 - JCO NYSE Nuveen Credit Opportunities 2022 Target Term Fund
$.0470 -
Monthly Cash-Flow Based Distributions
Each of the four taxable funds listed immediately below have
adopted a cash-flow based distribution program. Historical
distribution sources have included 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.
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
distribution declarations for the following closed-end funds:
Record Date June 15, 2017 Ex-Dividend Date
June 13, 2017 Payable Date July 3, 2017
Monthly Distribution Per Share Change From
Ticker
Exchange
Fund
Name
Amount Previous Month
Mortgage-Backed
Securities
JLS NYSE Nuveen Mortgage Opportunity Term Fund $.1135 - JMT NYSE
Nuveen Mortgage Opportunity Term Fund 2 $.1125 -
Real Assets
Securities
JRI NYSE Nuveen Real Asset Income and Growth Fund $.1050 - DRA NYSE
Diversified Real Asset Income Fund $.1060 -
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, historical distribution
sources have included 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 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 eight 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.
The following dates apply to today's quarterly managed
distribution declarations for the following closed-end funds:
Record Date June 15, 2017 Ex-Dividend Date
June 13, 2017 Payable Date July 3, 2017
Quarterly Distribution Per Share Change From
Ticker
Exchange
Fund
Name
Amount Previous Quarter
Equity
JTA NYSE Tax-Advantaged Total Return Strategy Fund $.2480 - JTD
NYSE Tax-Advantaged Dividend Growth Fund $.3100 - JCE NYSE Core
Equity Alpha Fund $.2775 -
Equity
Option
DIAX NYSE Dow 30SM Dynamic Overwrite Fund $.2555 - BXMX NYSE
S&P 500 Buy-Write Income Fund $.2285 - QQQX NASDAQ NASDAQ 100
Dynamic Overwrite Fund $.3500 - SPXX NYSE S&P 500 Dynamic
Overwrite Fund $.2400 -
Multi-Strategy
JDD NYSE Diversified Dividend and Income Fund $.2700 -
About Nuveen
Nuveen offers a comprehensive range of outcome-focused
investment solutions designed to secure the long-term financial
goals of institutional and individual investors. As the investment
management arm of TIAA, Nuveen has $906 billion in assets under
management as of 3/31/17 and operations in 16 countries. Its
affiliates offer deep expertise across a comprehensive range of
traditional and alternative investments through a wide array of
vehicles and customized strategies. For more information, please
visit www.nuveen.com.
Securities offered through Nuveen Securities, LLC, member FINRA
and SIPC.
* Nuveen does not provide tax advice; consult a professional tax
advisor regarding your specific tax situation. Income may be
subject to state and local taxes, as well as the federal
alternative minimum tax.
168841-INV-O-06/19
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version on businesswire.com: http://www.businesswire.com/news/home/20170601006644/en/
NuveenKathleen
Cardoza312-917-7813kathleen.cardoza@nuveen.com
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