Nuveen Real Estate Income Fund Declares Quarterly Distribution

CHICAGO--()--The Nuveen Real Estate Income Fund (NYSE: JRS) has declared its regular quarterly distribution. This fund represents just one of several Nuveen investment strategies designed for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income and other cash flow needs. Information regarding the fund’s last 19(a) Quarterly Distribution Notice (as of December 27, 2016) is also included below. This informational notice provides further details on the sources of the fund’s distribution. The full text of this notice is also available on the Nuveen website via Distribution Source Estimates. 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 declaration for the Nuveen Real Estate Income Fund:

       
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
 
JRS NYSE Real Estate Income Fund $.2500 -
 

Quarterly Managed Distributions

The goal of the 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. 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 contained in shareholders’ 1099-DIV forms after the end of the year.

Under a Managed Distribution policy, Nuveen closed-end funds seek to maintain a stable regular distribution amount that, over the long term, matches the fund’s total distributions paid to its total return. Investors should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate or from the terms of its Managed Distribution Policy.

  • Actual returns likely will differ from projected long-term returns, (and therefore a fund’s distribution rate, also), at least over shorter time periods. Over a specific timeframe, a fund’s net asset value will increase (if returns exceed distributions), or decrease (if distributions exceed returns), by the difference between actual returns and total distributions.
  • 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 the investors original principal unless the shortfall is offset during other time periods over the life of the 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 table provides estimates of the fund’s distribution sources, reflecting year-to-date cumulative experience through the month-end prior to the latest distribution. The fund attributes these estimates equally to each regular distribution throughout the year. Consequently, the estimated information as of the specified month-end shown below is for the current distribution, and also represents an updated estimate for all prior months in the year. The fund may in certain periods distribute more than its income and net realized capital gains, although the fund currently estimates that it has not done so for the fiscal year-to-date period. In such instances, a portion of the distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that an individual invested in the fund is paid back to that investor. A return of capital distribution does not necessarily reflect the fund’s investment performance and should not be confused with “yield” or “income.”

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The fund will send investors a Form 1099-DIV for the calendar year that will tell the fund’s investors how to report these distributions for federal income tax purposes. More details about the fund’s distributions and the basis for these estimates are available on www.nuveen.com/cef.

 
Data as of 11/30/2016
   

Estimated Per Share Sources of Distribution 1

   

Estimated Percentage of the Distribution

           
Per Share Long-Term Short-Term Return of Long-Term Short-Term Return of

JRS (FYE 12/31)

Distribution

NII

Gains

Gains

Capital

NII

Gains

Gains

Capital

Current Quarter .2500 .1244 .1256 .0000 .0000 49.7% 50.3% 0.0% 0.0%
 
Fiscal YTD .9800 .4875 .4925 .0000 .0000 49.7% 50.3% 0.0% 0.0%
 

1 Net investment income (NII) is a projection through the end of the current calendar quarter using actual data through the stated month-end date above. Capital gain amounts are as of the stated date above. JRS owns REIT securities which attribute their distributions to various sources including NII, gains, and return of capital. The NII estimates above are based on prior year attributions which can be expected to differ from the actual final attributions for the current year.

 

The following table provides information regarding the fund’s distributions and total return performance over various time periods. This information is intended to help investors better understand whether returns for the specified time periods were sufficient to meet distributions.

 

Data as of 11/30/2016

       

Annualized

 

Cumulative

JRS (FYE 12/31) Quarterly Fiscal YTD Net Asset 5-Year   Fiscal YTD Fiscal YTD   Fiscal YTD

Inception Date

Distribution

Distributions

Value

Return on NAV

Dist Rate on NAV1

Return on NAV

Dist Rate on NAV1

Nov 2001 .2500 .9800 11.18 12.59% 8.77% 1.36% 8.7%
 
1 As a percentage of 11/30/16 NAV.
 

For more general closed-end fund information and education, please visit Nuveen’s closed-end fund website.

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.

* Nuveen does not provide tax advice; consult a professional tax advisor regarding your specific tax situation.

23525-INV-O-03/19

Contacts

Nuveen
Media Contact:
Katheen Cardoza
312-917-7813
kathleen.cardoza@nuveen.com

Contacts

Nuveen
Media Contact:
Katheen Cardoza
312-917-7813
kathleen.cardoza@nuveen.com