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Several Nuveen Closed-End Funds Establish Equity Shelf Programs

Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that five closed-end funds have each filed initial registration statements to establish equity shelf programs. The programs are designed to provide the funds’ portfolio managers with additional flexibility in pursuing attractive investment opportunities they believe may enhance long-term shareholder returns. Under the equity shelf programs, the funds, subject to market conditions, may raise additional equity capital, by issuing additional common shares, from time to time in varying amounts and offering methods at a net price at or above each fund’s net asset value per common share plus the per share amount of any commission. The funds which have filed the initial registration statements are listed below:
Nuveen California Municipal Value Fund, Inc. (NYSE: NCA),
Nuveen California Investment Quality Municipal Fund, Inc. (NYSE: NQC),
Nuveen New Jersey Premium Income Municipal Fund, Inc. (NYSE: NNJ),
Nuveen California Performance Plus Municipal Fund, Inc. (NYSE: NCP) and
Nuveen Virginia Premium Income Municipal Fund (NYSE: NPV).
 

Each fund has filed a registration statement with the Securities and Exchange Commission relating to its proposed shelf offering. The information in the preliminary prospectus contained in each registration statement is not complete and may be changed. New shares of each fund will not be sold until its registration statement is effective. The preliminary prospectus is not an offer to sell newly registered shares and is not soliciting an offer to buy newly registered shares in any jurisdiction where the offer or sale is not permitted.

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