CHICAGO--(BUSINESS WIRE)--Nuveen, an operating division of TIAA Global Asset Management, today announced distributions for nine national municipal closed-end funds. The specific distribution dates and amounts are detailed below. As previously announced, the shareholders of these funds approved the reorganization of the funds into two larger funds.
The following dates apply to distribution declarations for the following Funds:
Record Date | September 9, 2016 | ||||||||||
Ex-Dividend Date | September 7, 2016 | ||||||||||
Payable Date | October 3, 2016 | ||||||||||
Reinvest Date | October 3, 2016 | ||||||||||
Per Share Distribution Amount | |||||||||||
Tax-Exempt | Ordinary | ||||||||||
Ticker | Fund Name | Income | Income | ||||||||
NPF | Nuveen Premier Municipal Income Fund, Inc. | $0.0110 | |||||||||
NPI | Nuveen Premium Income Municipal Fund, Inc. | $0.0359 | $0.0028 | ||||||||
NQS | Nuveen Select Quality Municipal Fund, Inc. | $0.0081 | |||||||||
NQM | Nuveen Investment Quality Municipal Fund, Inc. | $0.0450 | |||||||||
NMO | Nuveen Municipal Market Opportunity Fund, Inc. | $0.0143 | |||||||||
NPM | Nuveen Premium Income Municipal Fund 2, Inc. | $0.0270 | |||||||||
NPP | Nuveen Performance Plus Municipal Fund, Inc. | $0.0945 | $0.0018 | ||||||||
NAD | Nuveen Dividend Advantage Municipal Fund | $0.0177 | |||||||||
NEA | Nuveen AMT-Free Municipal Income Fund | $0.0165 | |||||||||
Regulations require that acquired funds in any reorganization fully distribute any accumulated undistributed net investment income (UNII) prior to the reorganization going effective.
Following the merger, the acquiring funds, NEA and NAD, are expected to declare additional post-merger distributions, payable October 3, 2016. The total dollar amount of the pre- and post-merger tax-exempt* distributions received on October 3, 2016 will be equal to or greater than the shareholder’s prior monthly tax-exempt dividend.
For more information about UNII, each fund, and the shareholder-approved reorganization, please visit http://www.nuveen.com/CEF.
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.
*Income may be subject to state and local income taxes and the alternative minimum tax. Capital gains, if any, will be subject to capital gains tax.
FORWARD LOOKING STATEMENTS
Certain statements made in this release are forward-looking statements. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements due to numerous factors. These include, but are not limited to:
• | market developments; | ||
• | legal and regulatory developments; and | ||
• | other additional risks and uncertainties. |
Nuveen and the closed-end funds managed by Nuveen and its affiliates undertake no responsibility to update publicly or revise any forward-looking statement.
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