CHICAGO--(BUSINESS WIRE)--
Nuveen, an operating division of TIAA Global Asset Management, today announced that several closed-end funds declared regular monthly distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions including earnings, undistributed net investment income, and notices please visit http://www.nuveen.com/cef.
The following dates apply to today's monthly distribution declarations for the following tax-exempt and taxable closed-end funds:
| Record Date | November 15, 2016 | |
| Ex-Dividend Date | November 10, 2016 | |
| Payable Date | December 1, 2016 | |
| Reinvest Date | December 1, 2016 | |
Monthly Tax-Exempt Municipal Distributions
Monthly distributions from Nuveen's municipal bond closed-end funds are generally exempt from regular Federal income taxes, and monthly distributions of single-state municipal funds are also generally 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 may be subject to the Federal Alternative Minimum Tax for some shareholders.*
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Monthly Tax-Free Distribution Per Share |
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Change From |
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|
Ticker |
Exchange |
Fund Name |
Amount |
Previous Month |
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|
National |
||||||||
| NXP |
NYSE |
Select Tax-Free Income Portfolio | $.0455 | - | ||||
| NXQ | NYSE | Select Tax-Free Income Portfolio 2 | $.0420 | - | ||||
| NXR | NYSE | Select Tax-Free Income Portfolio 3 | $.0435 | - | ||||
| NUV | NYSE | Municipal Value Fund | $.0325 | - | ||||
| NUW | NYSE | AMT-Free Municipal Value Fund | $.0600 | - | ||||
| NMI | NYSE | Municipal Income Fund | $.0415 | - | ||||
| NIM | NYSE | Select Maturities Municipal Fund | $.0260 | - | ||||
| NZF | NYSE | Enhanced Municipal Credit Opportunities Fund | $.0760 | - | ||||
| NVG | NYSE | Enhanced AMT-Free Municipal Credit Opportunities Fund | $.0760 | - | ||||
| NMZ | NYSE | Municipal High Income Opportunity Fund | $.0695 | - | ||||
| NEV | NYSE | Enhanced Municipal Value Fund | $.0725 | - | ||||
| NID | NYSE | Intermediate Duration Municipal Term Fund | $.0570 | - | ||||
| NIQ | NYSE | Intermediate Duration Quality Municipal Term Fund | $.0425 | - | ||||
| NHA | NYSE | Municipal 2021 Target Term Fund | $.0200 | - | ||||
| NEA | NYSE | AMT-Free Quality Municipal Income Fund | $.0680 | - | ||||
| NAD | NYSE | Quality Municipal Income Fund | $.0715 | - | ||||
|
California |
||||||||
| NKX | NYSE | CA AMT-Free Municipal Income Fund | $.0670 | - | ||||
| NCA | NYSE | CA Municipal Value Fund | $.0360 | - | ||||
| NXC | NYSE | CA Select Tax-Free Income Portfolio | $.0525 | - | ||||
| NCB | NYSE | CA Municipal Value Fund 2 | $.0600 | - | ||||
|
New York |
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| NRK | NYSE | NY AMT-Free Municipal Income Fund | $.0555 | - | ||||
| NAN | NYSE | NY Dividend Advantage Municipal Fund | $.0605 | - | ||||
| NXN | NYSE | NY Select Tax-Free Income Portfolio | $.0460 | - | ||||
| NNY | NYSE | NY Municipal Value Fund | $.0325 | - | ||||
| NYV | NYSE | NY Municipal Value Fund 2 | $.0525 | - | ||||
|
Other State Funds |
- | |||||||
| NAZ | NYSE | AZ Premium Income Municipal Fund | $.0600 | - | ||||
| NTC | NYSE | CT Premium Income Municipal Fund | $.0505 | - | ||||
| NKG | NYSE | GA Dividend Advantage Municipal Fund 2 | $.0510 | - | ||||
| NMT | NYSE | MA Premium Income Municipal Fund | $.0560 | - | ||||
| NMY | NYSE | MD Premium Income Municipal Fund | $.0555 | - | ||||
| NUM | NYSE | MI Quality Income Municipal Fund | $.0585 | - | ||||
| NMS | NYSE | MN Municipal Income Fund | $.0665 | - | ||||
| NOM | NYSE | MO Premium Income Municipal Fund | $.0610 | - | ||||
| NNC | NYSE | NC Premium Income Municipal Fund | $.0465 | - | ||||
| NXJ | NYSE | NJ Dividend Advantage Municipal Fund | $.0605 | - | ||||
| NJV | NYSE MKT | NJ Municipal Value Fund | $.0490 | - | ||||
| NUO | NYSE | OH Quality Income Municipal Fund | $.0600 | - | ||||
| NQP | NYSE | PA Investment Quality Municipal Fund | $.0600 | - | ||||
| NPN | NYSE MKT | PA Municipal Value Fund | $.0520 | - | ||||
| NTX | NYSE | TX Quality Income Municipal Fund | $.0545 | - | ||||
| NPV | NYSE | VA Premium Income Municipal Fund | $.0495 | - | ||||
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Monthly Taxable Distributions |
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| Monthly Taxable Distribution Per Share | ||||||||
| Change From | ||||||||
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Ticker |
Exchange |
Fund Name |
Amount | Previous Month | ||||
|
Preferred Securities |
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| JPC | NYSE | Preferred Income Opportunities Fund | $.0670 | - | ||||
| JPI | NYSE | Preferred and Income Term Fund | $.1625 | - | ||||
| JPS | NYSE | Preferred Securities Income Fund | $.0620 | - | ||||
|
Floating Rate: Corporate Loans |
- | |||||||
| NSL | NYSE | Senior Income Fund | $.0375 | - | ||||
| JFR | NYSE | Floating Rate Income Fund | $.0640 | - | ||||
| JRO | NYSE | Floating Rate Income Opportunity Fund | $.0670 | - | ||||
| JSD | NYSE | Short Duration Credit Opportunities Fund | $.1000 | - | ||||
| JQC | NYSE | Credit Strategies Income Fund | $.0515 | - | ||||
|
Mortgage-Backed Securities |
- | |||||||
| JMM | NYSE | Multi-Market Income Fund | $.0360 | - | ||||
|
Taxable Municipal |
- | |||||||
| NBB | NYSE | Build America Bond Fund | $.1080 | - | ||||
| NBD | NYSE | Build America Bond Opportunity Fund | $.1035 | - | ||||
|
Global Debt |
- | |||||||
| JGH | NYSE | Global High Income Fund | $.1200 | - | ||||
|
High Yield Debt |
- | |||||||
| JHY | NYSE | High Income 2020 Target | $.0555 | - | ||||
| JHA | NYSE | High Income December 2018 Target Term Fund | $.0505 | - | ||||
| JHD | NYSE | High Income December 2019 Target Term Fund | $.0505 | - | ||||
| JHB | NYSE | High Income November 2021 Target Term Fund | $.0500 | - | ||||
Monthly Cash-Flow-Based Distributions
Each of the five taxable funds listed immediately below have adopted a cash-flow based distribution program. Potential distribution sources include net investment income, realized gains and return of capital. If a distribution includes anything other than net investment income, the fund provides a notice of the best estimate of its distribution sources at the time of payment which may be viewed at: www.nuveen.com/CEFdistributions. These estimates may not match the final tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV forms after the end of the year.
Under a cash-flow based distribution approach, each fund seeks to maintain an attractive and stable regular distribution amount based on the fund’s net cash flow received from portfolio investments. Fund distributions are not intended to include expected portfolio appreciation; each fund may invest in securities which have cash flow that ultimately may be fully or partially treated as gains or return of capital for tax purposes. You should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate.
The following dates apply to today's monthly cash-flow based distribution declarations for the following closed-end funds:
| Record Date | November 15, 2016 | |||||||||
| Ex-Dividend Date | November 10, 2016 | |||||||||
| Payable Date | December 1, 2016 | |||||||||
| Reinvest Date | December 1, 2016 | |||||||||
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| Monthly Distribution Per Share | ||||||||||
| Change From | ||||||||||
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Ticker |
Exchange |
Fund Name |
Amount | Previous Month | ||||||
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Preferred Securities |
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| JPW | NYSE | Flexible Investment Income Fund | $.1130 | - | ||||||
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Mortgage-Backed Securities |
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| JLS | NYSE | Mortgage Opportunity Term Fund | $.1135 | - | ||||||
| JMT | NYSE | Mortgage Opportunity Term Fund 2 | $.1125 | - | ||||||
|
Real Assets |
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| JRI | NYSE | Real Asset Income and Growth Fund | $.1100 | - | ||||||
| DRA | NYSE | Diversified Real Asset Income Fund | $.1050 | - | ||||||
Nuveen provides investment solutions designed to help secure the long-term goals of individual investors and the advisors who serve them. Through the investment expertise of leading asset managers across traditional and alternative asset classes, Nuveen is committed to delivering consultative guidance that aligns with client needs. Funds are distributed by Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc. Nuveen is an operating division of TIAA Global Asset Management. For more information, please visit the Nuveen website at www.nuveen.com.
The information contained on the Nuveen website is not a part of this press release.
* Nuveen does not provide tax advice; consult a professional tax advisor regarding your specific tax situation.
20557-INV-O-10/17
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