CHICAGO--(BUSINESS WIRE)--Several Nuveen closed-end funds have declared 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 | March 15, 2017 | |||
Ex-Dividend Date | March 13, 2017 | |||
Payable Date | April 3, 2017 | |||
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.*
Monthly Tax-Free Distribution | ||||||||
Per Share | ||||||||
Change From | ||||||||
Amount | Previous Month | |||||||
Ticker |
Exchange |
Fund Name |
||||||
National |
||||||||
NXP | NYSE | Nuveen Select Tax-Free Income Portfolio | $.0455 | - | ||||
NXQ | NYSE | Nuveen Select Tax-Free Income Portfolio 2 | $.0420 | - | ||||
NXR | NYSE | Nuveen Select Tax-Free Income Portfolio 3 | $.0435 | - | ||||
NUV | NYSE | Nuveen Municipal Value Fund, Inc. | $.0325 | - | ||||
NUW | NYSE | Nuveen AMT-Free Municipal Value Fund | $.0600 | - | ||||
NMI | NYSE | Nuveen Municipal Income Fund, Inc. | $.0405 | - | ||||
NIM | NYSE | Nuveen Select Maturities Municipal Fund | $.0260 | - | ||||
NZF | NYSE | Nuveen Municipal Credit Income Fund | $.0740 | - | ||||
NVG | NYSE | Nuveen AMT-Free Municipal Credit Income Fund | $.0725 | - | ||||
NMZ | NYSE | Nuveen Municipal High Income Opportunity Fund | $.0675 | - | ||||
NEV | NYSE | Nuveen Enhanced Municipal Value Fund | $.0680 | - | ||||
NID | NYSE | Nuveen Intermediate Duration Municipal Term Fund | $.0530 | (.0020) | ||||
NIQ | NYSE | Nuveen Intermediate Duration Quality Municipal Term Fund | $.0415 | - | ||||
NHA | NYSE | Nuveen Municipal 2021 Target Term Fund | $.0200 | - | ||||
NEA | NYSE | Nuveen AMT-Free Quality Municipal Income Fund | $.0620 | - | ||||
NAD | NYSE | Nuveen Quality Municipal Income Fund | $.0640 | (.0040) | ||||
California |
||||||||
NAC | NYSE | Nuveen California Quality Municipal Income Fund | $.0685 | - | ||||
NKX | NYSE | Nuveen California AMT-Free Quality Municipal Income Fund | $.0655 | - | ||||
NCA | NYSE | Nuveen California Municipal Value Fund, Inc. | $.0340 | - | ||||
NXC | NYSE | Nuveen California Select Tax-Free Income Portfolio | $.0495 | - | ||||
NCB | NYSE | Nuveen California Municipal Value Fund 2 | $.0630 | .0030 | ||||
New York |
||||||||
NRK | NYSE | Nuveen New York AMT-Free Quality Municipal Income Fund | $.0535 | - | ||||
NAN | NYSE | Nuveen New York Quality Municipal Income Fund | $.0595 | - | ||||
NXN | NYSE | Nuveen New York Select Tax-Free Income Portfolio | $.0460 | - | ||||
NNY | NYSE | Nuveen New York Municipal Value Fund, Inc. | $.0315 | - | ||||
NYV | NYSE | Nuveen New York Municipal Value Fund 2 | $.0500 | - | ||||
Other State Funds |
||||||||
NAZ | NYSE | Nuveen Arizona Quality Municipal Income Fund | $.0540 | (.0030) | ||||
NTC | NYSE | Nuveen Connecticut Quality Municipal Income Fund | $.0485 | (.0020) | ||||
NKG | NYSE | Nuveen Georgia Quality Municipal Income Fund | $.0470 | (.0020) | ||||
NMT | NYSE | Nuveen Massachusetts Quality Municipal Income Fund | $.0545 | (.0015) | ||||
NMY | NYSE | Nuveen Maryland Quality Municipal Income Fund | $.0525 | - | ||||
NUM | NYSE | Nuveen Michigan Quality Municipal Income Fund | $.0535 | (.0025) | ||||
NMS | NYSE | Nuveen Minnesota Quality Municipal Income Fund | $.0635 | (.0030) | ||||
NOM | NYSE | Nuveen Missouri Quality Municipal Income Fund | $.0560 | - | ||||
NNC | NYSE | Nuveen North Carolina Quality Municipal Income Fund | $.0440 | (.0025) | ||||
NXJ | NYSE | Nuveen New Jersey Quality Municipal Income Fund | $.0580 | (.0025) | ||||
NJV | NYSE MKT | Nuveen New Jersey Municipal Value Fund | $.0475 | (.0015) | ||||
NUO | NYSE | Nuveen Ohio Quality Municipal Income Fund | $.0585 | - | ||||
NQP | NYSE | Nuveen Pennsylvania Quality Municipal Income Fund | $.0585 | - | ||||
NPN | NYSE MKT | Nuveen Pennsylvania Municipal Value Fund | $.0495 | (.0025) | ||||
NTX | NYSE | Nuveen Texas Quality Municipal Income Fund | $.0530 | (.0015) | ||||
NPV | NYSE | Nuveen Virginia Quality Municipal Income Fund | $.0460 | (.0015) |
Monthly Taxable Distributions |
||||||||
Monthly Taxable | ||||||||
Distribution Per Share | ||||||||
Change From |
||||||||
Ticker |
Exchange |
Fund Name |
Amount |
Previous Month |
||||
Preferred Securities |
||||||||
JPC | NYSE | Preferred Income Opportunities Fund | $.0640 | - | ||||
JPI | NYSE | Preferred and Income Term Fund | $.1505 | - | ||||
JPS | NYSE | Preferred Securities Income Fund | $.0620 | - | ||||
Floating Rate: Corporate Loans |
||||||||
NSL | NYSE | Senior Income Fund | $.0395 | - | ||||
JFR | NYSE | Floating Rate Income Fund | $.0675 | - | ||||
JRO | NYSE | Floating Rate Income Opportunity Fund | $.0705 | - | ||||
JSD | NYSE | Short Duration Credit Opportunities Fund | $.1060 | - | ||||
JQC | NYSE | Credit Strategies Income Fund | $.0525 | - | ||||
Mortgage-Backed Securities |
- | |||||||
JMM | NYSE | Multi-Market Income Fund | $.0360 | - | ||||
Taxable Municipal |
||||||||
NBB | NYSE | Build America Bond Fund | $.1030 | - | ||||
NBD | NYSE | Build America Bond Opportunity Fund | $.0955 | - | ||||
Global Debt |
||||||||
JGH | NYSE | Global High Income Fund | $.1200 | - | ||||
High Yield Debt |
- | |||||||
JHY | NYSE | High Income 2020 Target Term Fund | $.0555 | - | ||||
JHA | NYSE | High Income December 2018 Target Term Fund | $.0450 | - | ||||
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 | March 15, 2017 | |||||||||
Ex-Dividend Date | March 13, 2017 | |||||||||
Payable Date | April 3, 2017 | |||||||||
Monthly Distribution Per Share | ||||||||||
Change From | ||||||||||
Ticker |
Exchange |
Fund Name |
Amount | Previous Month | ||||||
Preferred Securities |
||||||||||
JPW | NYSE | Flexible Investment Income Fund | $.1130 | - | ||||||
Mortgage-Backed Securities |
||||||||||
JLS | NYSE | Mortgage Opportunity Term Fund | $.1135 | - | ||||||
JMT | NYSE | Mortgage Opportunity Term Fund 2 | $.1125 | - | ||||||
Real Assets |
||||||||||
JRI | NYSE | Real Asset Income and Growth | $.1100 | - | ||||||
DRA | NYSE | Diversified Real Asset Income Fund | $.1110 | - | ||||||
Quarterly Taxable Closed-End Fund Distributions
The goal of a fund’s managed distribution program is to provide shareholders relatively consistent and predictable cash flow by systematically converting its expected long-term return potential into regular distributions. As a result, potential distribution sources for regular distributions throughout the year include realized gains and return of capital, in addition to net investment income. If a distribution includes anything other than net investment income, the fund provides a notice of the best estimate of its distribution sources at that time 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 Managed Distribution policy, each of the eight funds listed immediately below seeks to maintain an attractive and stable regular distribution amount that, over the long term, matches the fund’s total distributions paid to its total return. You should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate. Actual returns likely will differ from projected long-term returns (and therefore a fund’s distribution rate), at least over shorter time periods. Over a specific timeframe, the difference between actual returns and total distributions will be reflected in an increasing (returns exceed distributions) or a decreasing (distributions exceed returns) fund net asset value.
- A return of capital is a non-taxable distribution of a portion of the fund’s capital. When fund returns exceed distributions, return of capital may represent portfolio gains earned, but not realized as a taxable capital gain. In periods when fund returns fall short of distributions, it will represent a portion of your original principal unless the shortfall is offset during other time periods over the life of your investment (previous or subsequent) when the fund’s total return exceeds distributions.
- For additional information about managed distributions, please see Understanding Managed Distributions.
The following dates apply to today's quarterly managed distribution declarations for the following closed-end funds:
Record Date | March 15, 2017 | ||
Ex-Dividend Date | March 13, 2017 | ||
Payable Date | April 3, 2017 | ||
Quarterly Distribution Per Share | ||||||||
Change From | ||||||||
Ticker |
Exchange |
Closed-End Funds |
Amount | Previous Quarter | ||||
Equity |
||||||||
JTA | NYSE | Tax-Advantaged Total Return Strategy Fund | $.2480 | - | ||||
JTD | NYSE | Tax-Advantaged Dividend Growth Fund | $.3100 | - | ||||
JCE | NYSE | Core Equity Alpha Fund | $.2775 | - | ||||
Equity Option |
||||||||
DIAX | NYSE | Dow 30SM Dynamic Overwrite Fund | $.2555 | - | ||||
BXMX | NYSE | S&P 500 Buy-Write Income Fund | $.2285 | - | ||||
QQQX | NASDAQ | NASDAQ 100 Dynamic Overwrite Fund | $.3500 | - | ||||
SPXX | NYSE | S&P 500 Dynamic Overwrite Fund | $.2400 | - | ||||
Multi-Strategy |
||||||||
JDD | NYSE | Diversified Dividend and Income Fund | $.2700 | - | ||||
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. Securities offered through Nuveen Securities, LLC, Member FINRA and SIPC. 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. Income may be subject to state and local taxes, as well as the federal alternative minimum tax.
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