Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced the monthly distributions for two closed-end funds following the completion of the funds’ respective portfolio repositioning. The Nuveen Preferred Income Opportunities Fund ( NYSE: JPC) and the Nuveen Credit Strategies Income Fund ( NYSE: JQC), which had previously paid distributions on a quarterly schedule, have declared monthly distributions in the amounts of $.0633 per share and $.0667 per share respectively. On an annualized basis, these amounts represent no change from the previous dividend. As of March 30, 2012, the annualized distribution rates were 8.55% and 8.91% on prices of $8.88 and $8.98, respectively.
The following dates apply to today’s distribution declaration:
|April 15, 2012 (Effective Record Date, April 13, 2012)|
|Ex-Dividend Date||April 11, 2012|
|Payable Date||May 1, 2012|
|Reinvest Date||May 1, 2012|
|Monthly Taxable Distribution Per Share|
|JPC||Nuveen Preferred Income Opportunities Fund||.0633||-|
|JQC||Nuveen Credit Strategies Income Fund||.0667||-|
Subsequent monthly distribution announcements for these funds will be made along with all of the Nuveen funds. As announced today in a separate press release, these funds have both recently completed portfolio repositionings to increase the attractiveness of the funds’ common shares and narrow the funds’ trading discount.
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