Nuveen Mortgage Opportunity Term Fund (JLS) Declares Capital Gain Distribution In Lieu Of Regular Monthly Income Distribution
Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced that the Nuveen Mortgage Opportunity Term Fund (NYSE: JLS) has declared a distribution of $0.2377 per share, which is composed entirely of long- and short-term capital gains, in lieu of its regular monthly income-based dividend. The substitution of a capital gains-based distribution for its regular monthly income-based distribution this month is expected to be a one-time event this fiscal year. The fund has paid regular monthly income distributions of $0.1725 per share each month since its initial distribution in February 2010.
Important points to note:
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. Each fund will, over time, pay all of its net investment income as distributions to shareholders. The funds’ positive or negative balances of undistributed net investment income (UNII) are disclosed from time to time in their periodic shareholder reports, and are also on www.nuveen.com/cef.
The following dates apply to today’s distribution declaration:
|Record Date||September 15, 2010|
|Ex-Dividend Date||September 13, 2010|
|Payable Date||October 1, 2010|
|Amount Per Share|
|Short TermCapital Gain||Long TermCapital Gain||Total|
|JLS||Mortgage Opportunity Term Fund||.0951||.1426||.2377|
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