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:
Nuveen Investments provides high quality investment services designed to help secure the long-term goals of institutions and high net worth investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets its growing range of specialized investment solutions under the high-quality brands of NWQ, Nuveen, Santa Barbara, Symphony, Tradewinds, Winslow Capital and Nuveen HydePark. In total, the Company managed $150 billion as of June 30, 2010. For more information, please visit the Nuveen Investments website at www.nuveen.com.
|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|