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Nuveen Declares Monthly Distributions For Nuveen Preferred Income Opportunities Fund And Nuveen Credit Strategies Income Fund

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:

Record Date
  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


Fund Name
Amount   Annualized Change
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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