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|
|JPI||Nuveen Preferred and Income Term Fund||.1690|
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.