This Day On The Street
Continue to site
ADVERTISEMENT
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

Nuveen Closed-End Funds Declare Monthly Distributions

Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that 99 Nuveen closed-end funds 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 closed-end 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 www.nuveen.com/cef.

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 www.nuveen.com 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 for the following Closed-End Funds:
Record Date   July 13, 2012    
Ex-Dividend Date July 11, 2012
Payable Date August 1, 2012
Reinvest Date August 1, 2012

 
 

Monthly Tax-Free Distribution Per Share
Change From
Amount   Previous Month

Ticker
 

Closed-End Portfolios
NXP Select Portfolio $.0595 -
NXQ Select Portfolio 2 .0525 -
NXR Select Portfolio 3 .0550 -
NXC CA Select Portfolio .0570 -
NXN NY Select Portfolio .0545 -
 

Closed-End Funds

Non-Leveraged Funds
NUV Municipal Value .0390 -
NUW Municipal Value 2 .0670 -
NCA CA Municipal Value .0390 -
NNY NY Municipal Value .0345 -
NMI Municipal Income .0475 -
NIM Select Maturities .0315 -
NYV NY Municipal Value 2 .0560 -
NCB CA Municipal Value 2 .0665 -
NJV NJ Municipal Value .0580 -
NPN PA Municipal Value .0530 -
 

Leveraged Funds

National
NPI Premium Income .0765 -
NPP Performance Plus .0800 -
NMA Advantage .0755 -
NMO Market Opportunity .0705 -
NQM Investment Quality .0840 -
NQI Quality Municipal .0750 -
NQS Select Quality .0800 -
NQU Quality Income .0790 -
NIO Municipal Opportunity .0730 -
NPF Premier .0735 -
NIF Premier Municipal Opportunity .0755 -
NPM Premium Income 2 .0795 -
NPT Premium Income 4 .0710 -
NPX Premium Income Municipal Opportunity .0620 -
NAD Dividend Advantage .0760 -
NXZ Dividend Advantage 2 .0800 -
NZF Dividend Advantage 3 .0755 -
NVG Dividend Advantage Municipal .0750 -
NEA AMT-Free Municipal Income .0700 -
NMZ High Income Opportunity Fund .0730 -
NMD High Income Opportunity Fund 2 .0655 -
NEV Enhanced Municipal Value Fund .0800 -
 
Change From
Amount   Previous Month

California
NCP Performance Plus .0815 -
NCO Market Opportunity .0800 -
NQC Investment Quality .0830 -
NVC Select Quality .0860 -
NUC Quality Income .0875 -
NCU Premium Income .0725 -
NAC Dividend Advantage .0770 -
NVX Dividend Advantage 2 .0800 -
NZH Dividend Advantage 3 .0705 -

New York
NNP Performance Plus .0735 -
NQN Investment Quality .0690 -
NVN Select Quality .0725 -
NUN Quality Income .0730 -
NNF Premium Income Municipal .0695 -
NAN Dividend Advantage .0655 -
NXK Dividend Advantage 2 .0665 -
NKO Dividend Advantage Income .0680 -
NRK AMT-Free Municipal Income .0585 -

Other State Funds
NAZ AZ Premium Income .0640 -
NFZ AZ Dividend Advantage .0610 -
NKR AZ Dividend Advantage 2 .0670 -
NXE AZ Dividend Advantage 3 .0600 -
NMY MD Premium Income .0645 -
NFM MD Dividend Advantage .0590 -
NZR MD Dividend Advantage 2 .0660 -
NWI MD Dividend Advantage 3 .0630 -
NMT MA Premium Income .0590 -
NMB MA Dividend Advantage .0570 -
NGX Insured MA Tax-Free Advantage .0495 -
NUM MI Quality Income .0740 -
NMP MI Premium Income .0730 -
NZW MI Dividend Advantage .0640 -
NOM MO Premium Income .0610 -
NQJ NJ Investment Quality .0705 -
NNJ NJ Premium Income .0725 -
NXJ NJ Dividend Advantage .0655 -
NUJ NJ Dividend Advantage 2 .0715 -
NUO OH Quality Income .0800 -
NXI OH Dividend Advantage .0690 -
NBJ OH Dividend Advantage 2 .0700 -
NVJ OH Dividend Advantage 3 .0705 -
NQP PA Investment Quality .0780 -
NPY PA Premium Income 2 .0700 -
NXM PA Dividend Advantage .0670 -
NVY PA Dividend Advantage 2 .0745 -
 
Change From
Amount   Previous Month
NTX TX Quality Income .0640 -
NPV VA Premium Income .0645 -
NGB VA Dividend Advantage .0560 -
NNB VA Dividend Advantage 2 .0660 -
 
Monthly Taxable Distribution Per Share

 

Closed-End Funds:
Change From

Ticker

Taxable Funds
Amount   Previous Month

Preferred Securities
JTP Quality Preferred Income Fund .0500 -
JPS Quality Preferred Income Fund 2 .0550 -
JHP Quality Preferred Income Fund 3 .0520 -
JPC Preferred Income Opportunities Fund .0633 -

Floating Rate: Corporate Loans
NSL Senior Income Fund .0455 -
JFR Floating Rate Income Fund .0735 -
JRO Floating Rate Income Opportunity Fund .0775 -
JSD Short Duration Credit Opportunities Fund .1245 -
JQC Credit Strategies Income Fund .0667 -

Mortgage-Backed Securities
JLS Mortgage Opportunity Term Fund .1725 -
JMT Mortgage Opportunity Term Fund 2 .1725 -

Taxable Municipal
NBB Build America Bond Fund .1085 -
NBD Build America Bond Opportunity Fund .1065 -
 

The following dates apply to today's distribution declarations for the following MTP Shares:
Record Date July 13, 2012
Ex-Dividend Date July 11, 2012
Payable Date August 1, 2012
 

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
NGX PrC Nuveen Insured Mass. Tax-Free Advantage Municipal Fund MTP .022083
NWI PrC Nuveen Maryland Dividend Advantage Municipal Fund 3 MTP .022083
NAD PrC Nuveen Dividend Advantage Municipal Fund MTP .022500
NMB PrC Nuveen Massachusetts Dividend Advantage Municipal Fund MTP .021667
NXK PrC Nuveen New York Dividend Advantage Municipal Fund 2 MTP .021250
NRK PrC Nuveen Insured New York Tax Free Advantage Municipal Fund MTP .021250
NFM PrC Nuveen Maryland Dividend Advantage Municipal Fund MTP .021667
NZR PrC Nuveen Maryland Dividend Advantage Municipal Fund 2 MTP .021667
NCU PrC Nuveen California Premium Income Municipal Fund MTP .016667
NUJ PrC Nuveen New Jersey Dividend Advantage Municipal Fund 2 MTP .016667
NXM PrC Nuveen Pennsylvania Dividend Advantage Municipal Fund MTP .017500
NKR PrC Nuveen Arizona Dividend Advantage Municipal Fund 2 MTP .017083
NFZ PrC Nuveen Arizona Dividend Advantage Municipal Fund MTP .017083
NVX PrC Nuveen California Dividend Advantage Municipal Fund 2 MTP .017083
NVY PrC Nuveen Pennsylvania Dividend Advantage Municipal Fund 2 MTP .017917
NTX PrC Nuveen Texas Quality Income Municipal Fund MTP .019167
NOM PrC Nuveen Missouri Premium Income Municipal Fund MTP .017500
NZW PrC Nuveen Michigan Dividend Advantage Municipal Fund MTP .019167
NXI PrC Nuveen Ohio Dividend Advantage Municipal Fund MTP .019583
NAN PrD Nuveen New York Dividend Advantage Municipal Fund MTP .020833
NNC PrD Nuveen North Carolina Premium Income Municipal Fund MTP .021667
NTC PrD Nuveen Connecticut Premium Income Municipal Fund MTP .021250
NZF PrC Nuveen Dividend Advantage Municipal Fund 3 MTP .023333
NMT PrD Nuveen Massachusetts Premium Income Municipal Fund MTP .022917
NWI PrD Nuveen Maryland Dividend Advantage Municipal Fund 3 MTP .023750
NXE PrC Nuveen Arizona Dividend Advantage Municipal Fund 3 MTP .024167
NPV PrA Nuveen Virginia Premium Income Municipal Fund MTP .018750
NMY PrD Nuveen Maryland Premium Income Municipal Fund MTP .024167
NXI PrD Nuveen Ohio Dividend Advantage Municipal Fund MTP .024583
NXJ PrA Nuveen New Jersey Dividend Advantage Municipal Fund MTP .019167
NVX PrA Nuveen California Dividend Advantage Municipal Fund 2 MTP .019583
NBJ PrA Nuveen Ohio Dividend Advantage Municipal Fund 2 MTP .019583
NZH PrA Nuveen California Dividend Advantage Municipal Fund 3 MTP .019583
NVJ PrA Nuveen Ohio Dividend Advantage Municipal Fund 3 MTP .019583
NZH PrB Nuveen California Dividend Advantage Municipal Fund 3 MTP .018750
 

Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutional and individual investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliates—Nuveen Asset Management, Symphony Asset Management, NWQ Investment Management Company, Santa Barbara Asset Management, Tradewinds Global Investors, Winslow Capital Management, and Gresham Investment Management. In total, Nuveen Investments managed approximately $227 billion as of March 31, 2012. For more information, please visit the Nuveen Investments website at www.nuveen.com.

* Nuveen does not provide tax advice; consult a professional tax advisor regarding your specific tax situation.

Copyright Business Wire 2010

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
Only $9.95
14-Days Free
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
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs