This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Nuveen Closed-End Funds Declare Monthly Distributions

Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced that 109 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

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 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:

Record Date  

April 15, 2010

Ex-Dividend Date April 13, 2010
Payable Date May 3, 2010
    Monthly Tax-Free Distribution 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 .0470 -
NIM Select Maturities .0350 -
NYV NY Municipal Value 2 .0640 -
NCB CA Municipal Value 2 .0690 -
NJV NJ Municipal Value .0640 -
NPN PA Municipal Value .0650 -
Leveraged Funds
NPI Premium Income .0730 -
NPP Performance Plus .0760 -
NMA Advantage .0810 -
NMO Market Opportunity .0800 -
NQM Investment Quality .0750 -
NQI Insured Quality .0710 -
NQS Select Quality .0820 -
NQU Quality Income .0760 -
NIO Insured Opportunity .0690 -
NPF Premier .0700 -
Change From
Amount Previous Month
NIF Premier Insured .0740 -
NPM Premium Income 2 .0730 -
NPT Premium Income 4 .0690 -
NPX Insured Premium 2 .0620 -
NAD Dividend Advantage .0760 -
NXZ Dividend Advantage 2 .0800 -
NZF Dividend Advantage 3 .0780 -
NVG Insured Dividend Advantage .0700 -
NEA Insured Tax-Free Advantage .0680 -
NMZ High Income Opportunity Fund .0835 -
NMD High Income Opportunity Fund 2 .0800 -
NEV Enhanced Municipal Value Fund .0760 -
NCP Performance Plus .0750 -
NCO Market Opportunity .0750 -
NQC Investment Quality .0750 -
NVC Select Quality .0790 -
NUC Quality Income .0800 -
NPC Insured Premium Income .0690 -
NCL Insured Premium Income 2 .0720 -
NCU Premium Income .0700 -
NAC Dividend Advantage .0720 -
NVX Dividend Advantage 2 .0790 -
NZH Dividend Advantage 3 .0750 -
NKL Insured Dividend Advantage .0750 -
NKX Insured Tax-Free Advantage .0660 -
New York
NNP Performance Plus .0680 -
NQN Investment Quality .0635 -
NVN Select Quality .0650 -
NUN Quality Income .0670 -
NNF Insured Premium Income .0620 -
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 .0590 -
NFZ AZ Dividend Advantage .0590 -
NKR AZ Dividend Advantage 2 .0660 -
NXE AZ Dividend Advantage 3 .0620 -
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 -
Change From
Amount Previous Month
NMY MD Premium Income .0620 -
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 .0660 -
NMP MI Premium Income .0650 -
NZW MI Dividend Advantage .0640 -
NOM MO Premium Income .0590 -
NQJ NJ Investment Quality .0660 -
NNJ NJ Premium Income .0660 -
NXJ NJ Dividend Advantage .0660 -
NUJ NJ Dividend Advantage 2 .0680 -
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 .0740 -
NXI OH Dividend Advantage .0700 -
NBJ OH Dividend Advantage 2 .0690 -
NVJ OH Dividend Advantage 3 .0730 -
NQP PA Investment Quality .0710 -
NPY PA Premium Income 2 .0690 -
NXM PA Dividend Advantage .0710 -
NVY PA Dividend Advantage 2 .0730 -
NTX TX Quality Income .0680 -
NPV VA Premium Income .0670 -
NGB VA Dividend Advantage .0640 -
NNB VA Dividend Advantage 2 .0660 -
Closed-End Funds: Change From
Ticker Taxable Funds Amount Previous Month
Preferred Securities
JTP Quality Preferred Income Fund .0480 -
JPS Quality Preferred Income Fund 2 .0540 -
JHP Quality Preferred Income Fund 3 .0510 -
Floating Rate: Corporate Loans -
NSL Senior Income Fund .0400 -
JFR Floating Rate Income Fund .0510 -
JRO Floating Rate Income Opportunity Fund .0620 -
Floating Rate: Tax Advantaged -
JFP Tax-Advantaged Floating Rate Fund .0150 -
Mortgage-Backed Securities
JLS Mortgage Opportunity Term Fund .1725 -
Ticker   MuniFund Term Preferred  

Monthly Tax-Free Distribution Per Share

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 .022500
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

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 HydePark, NWQ, Nuveen, Santa Barbara, Symphony, Tradewinds, and Winslow Capital. In total, the Company managed nearly $145 billion as of December 31, 2009. For more information, please visit the Nuveen Investments website at

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
NNJ $13.68 0.00%
NCO $14.79 0.00%
NQJ $13.30 0.00%
NMD $0.00 0.00%
NUJ $13.25 0.00%


DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs