Nuveen Preferred And Income Term Fund Announces Initial Monthly Distribution

Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced the initial distribution declaration for the Nuveen Preferred and Income Term Fund (NYSE: JPI) of $ 0.1690 per share. This monthly distribution, annualized, represents an 8.11 percent distribution rate relative to the fund’s initial public offering price of $25.00 per share.

The new closed-end fund’s investment objective is to provide a high level of current income and total return. The fund seeks to achieve its investment objective by investing in preferred securities and other income producing securities. The fund’s strategy will focus opportunistically on financial services companies.

The following dates apply to today’s distribution declaration:
Record Date           September 14, 2012
Ex-Dividend Date September 12, 2012
Payable Date October 1, 2012
Reinvest Date October 1, 2012
    Monthly Distribution Per Share
 

Ticker

Fund Name
Amount
JPI Nuveen Preferred and Income Term Fund .1690
 

The fund intends to make regular monthly distributions to its shareholders based on its past and projected performance. The fund will seek to establish a distribution rate that roughly corresponds to the fund’s projections of the cash flow that could reasonably be expected to be generated by the fund’s portfolio investments net of fund expenses, over an extended period of time. As market conditions and portfolio performance may change, the rate of distributions on the shares and the fund’s distribution policy could change.

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 $212 billion as of June 30, 2012. For more information, please visit the Nuveen Investments website at www.nuveen.com.

Copyright Business Wire 2010

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