CHICAGO--(BUSINESS WIRE)--Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced the first distribution declaration for the Nuveen All Cap Energy MLP Opportunities Fund (NYSE: JMLP) of $.3270 per share. The fund began trading on the NYSE on March 27, 2014. The fund’s net asset value (NAV) can be viewed under the NASDAQ fund symbol XJMLX. This first distribution reflects an annualized distribution rate of 6.54 percent based on the fund’s $20 per share IPO price.
Nuveen Fund Advisors, LLC, a subsidiary of Nuveen Investments, is the fund’s investment adviser, responsible for the fund’s overall investment strategy and its implementation, including the use of leverage. Advisory Research, Inc. (ARI), a subsidiary of Piper Jaffray Companies, is the fund’s subadviser. ARI’s MLP & Energy Infrastructure team (formerly FAMCO MLP) is responsible for investing the fund’s assets.
Quinn T. Kiley, Senior Portfolio Manager at ARI said, “MLP’s provide attractive investment opportunities because they typically generate a high level of tax-deferred cash distributions. We believe the Fund, with its small and mid-cap focus, is positioned well to benefit from potential increased distribution cash flow from MLPs in the portfolio. Our goal is to pass through this potential benefit, if realized, to investors over time with increased distributions.”
Based on the investment of the fund’s offering proceeds, the fund’s first quarterly distribution is expected to be fully supported by the cash flow from distributions on the fund’s underlying MLP portfolio. Going forward, the fund anticipates paying quarterly distributions in August, November, February and May based on its November 30th fiscal year.
The following dates apply to today’s distribution declaration:
|Record Date||May 2, 2014|
|Ex-Dividend Date||April 30, 2014|
|Payable Date||May 15, 2014|
|JMLP||Nuveen All Cap Energy MLP Opportunities Fund||.3270|
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, LLC, Symphony Asset Management LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital Management, LLC and Gresham Investment Management LLC, all of which are registered investment advisers and subsidiaries of Nuveen Investments, Inc. Funds distributed by Nuveen Securities, LLC., a subsidiary of Nuveen Investments, Inc. In total, Nuveen Investments managed approximately $221 billion as of December 31, 2013. For more information, please visit the Nuveen Investments website at www.nuveen.com.
Advisory Research, Inc.(“ARI”), a registered investment adviser, was founded in 1974 and is a wholly-owned subsidiary of Piper Jaffray Companies, a publicly traded company listed on the NYSE, trading under the symbol “PJC.” ARI’s MLP & Energy Infrastructure team is dedicated to managing MLPs and energy infrastructure strategies for open-end and closed-end management investment companies, public and corporate pension plans, endowments and foundations and wealthy individuals. The ARI MLP & Energy Infrastructure team manages approximately $5.1 billion of MLP and energy infrastructure assets as of March 31, 2014.