Distributions Highlight Nuveen’s Broad Range of Strategies for
Income-Seeking Investors
- Regular Monthly Tax-Exempt and Taxable
Fund Distributions
- Three Funds Declare Monthly Cash-Flow
Based Distributions
- Six Funds Declare Regular Quarterly
Distributions
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 September 14, 2018 Ex-Dividend Date September
13, 2018 Payable Date October 1, 2018
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
Ticker
Exchange
Fund
Name
Amount Previous Month
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. $.0310 - NUW NYSE Nuveen AMT-Free
Municipal Value Fund $.0560 - NMI NYSE Nuveen Municipal Income
Fund, Inc. $.0360 - NIM NYSE Nuveen Select Maturities Municipal
Fund $.0265
$.0005
NZF NYSE Nuveen Municipal Credit Income Fund $.0660 - NVG NYSE
Nuveen AMT-Free Municipal Credit Income Fund $.0655 - NMZ NYSE
Nuveen Municipal High Income Opportunity Fund $.0565 -$.0035 NEV
NYSE Nuveen Enhanced Municipal Value Fund $.0565 -$.0055 NID NYSE
Nuveen Intermediate Duration Municipal Term Fund $.0425 - NIQ NYSE
Nuveen Intermediate Duration Quality Municipal Term Fund $.0295
-$.0035 NHA NYSE Nuveen Municipal 2021 Target Term Fund $.0150
-$.0015 NEA NYSE Nuveen AMT-Free Quality Municipal Income Fund
$.0535 - NAD NYSE Nuveen Quality Municipal Income Fund $.0535
-$.0040
California
NAC NYSE Nuveen California Quality Municipal Income Fund $.0555 -
NKX NYSE Nuveen California AMT-Free Quality Municipal Income Fund
$.0515 -$.0045 NCA NYSE Nuveen California Municipal Value Fund,
Inc. $.0285 - NXC NYSE Nuveen California Select Tax-Free Income
Portfolio $.0440 - NCB NYSE Nuveen California Municipal Value Fund
2 $.0540 -
New
York
NRK NYSE Nuveen New York AMT-Free Quality Municipal Income Fund
$.0450 - NAN NYSE Nuveen New York Quality Municipal Income Fund
$.0480 - NXN NYSE Nuveen New York Select Tax-Free Income Portfolio
$.0420 - NNY NYSE Nuveen New York Municipal Value Fund, Inc. $.0300
- NYV NYSE Nuveen New York Municipal Value Fund 2 $.0425 -
Other State
Funds
- NAZ NYSE Nuveen Arizona Quality Municipal Income Fund $.0440 -
NTC NYSE Nuveen Connecticut Quality Municipal Income Fund $.0410 -
NKG NYSE Nuveen Georgia Quality Municipal Income Fund $.0345
-$.0035 NMT NYSE Nuveen Massachusetts Quality Municipal Income Fund
$.0410 -$.0035 NMY NYSE Nuveen Maryland Quality Municipal Income
Fund $.0440 - NUM NYSE Nuveen Michigan Quality Municipal Income
Fund $.0445 - NMS NYSE Nuveen Minnesota Quality Municipal Income
Fund $.0510 -$.0040 NOM NYSE Nuveen Missouri Quality Municipal
Income Fund $.0430 - NNC NYSE Nuveen North Carolina Quality
Municipal Income Fund $.0360 -$.0030 NXJ NYSE Nuveen New Jersey
Quality Municipal Income Fund $.0545 - NJV NYSE Nuveen New Jersey
Municipal Value Fund $.0450 - NUO NYSE Nuveen Ohio Quality
Municipal Income Fund $.0455 -$.0030 NQP NYSE Nuveen Pennsylvania
Quality Municipal Income Fund $.0470 -$.0035 NPN NYSE Nuveen
Pennsylvania Municipal Value Fund $.0405 -$.0025 NTX NYSE Nuveen
Texas Quality Municipal Income Fund $.0445 - NPV NYSE Nuveen
Virginia Quality Municipal Income Fund $.0435 -$.0025
Monthly Distribution Per Share Change
From
Ticker
Exchange
Fund
Name
Amount Previous Month
Preferred and
Income Securities
JPC NYSE Nuveen Preferred & Income Opportunities Fund $.0610 -
JPI NYSE Nuveen Preferred and Income Term Fund $.1355 - JPS NYSE
Nuveen Preferred & Income Securities Fund $.0560 - JPT NYSE
Nuveen Preferred and Income 2022 Term Fund $.1185 -
Floating
Rate
NSL NYSE Nuveen Senior Income Fund $.0355 $.0020 JFR NYSE Nuveen
Floating Rate Income Fund $.0600 $.0025 JRO NYSE Nuveen Floating
Rate Income Opportunity Fund $.0605 $.0025 JSD NYSE Nuveen Short
Duration Credit Opportunities Fund $.1035 $.0030 JQC NYSE Nuveen
Credit Strategies Income Fund $.0385 $.0015 Mortgage-Backed
Securities JMM NYSE Nuveen Multi-Market Income Fund $.0300 -
Taxable
Municipals
NBB NYSE Nuveen Build America Bond Fund $.1030 - NBD NYSE Nuveen
Build America Bond Opportunity Fund $.0955 -
Emerging Markets
Debt
JEMD NYSE Nuveen Emerging Markets Debt 2022 Target Term Fund $.0435
-
Global High Yield
Debt
JGH NYSE Nuveen Global High Income Fund $.1070 -
Corporate High
Yield Debt
JHY NYSE Nuveen High Income 2020 Target Term Fund $.0390 -$.0030
JHA NYSE Nuveen High Income December 2018 Target Term Fund $.0270 -
JHD NYSE Nuveen High Income December 2019 Target Term Fund $.0350 -
JHB NYSE Nuveen High Income November 2021 Target Term Fund $.0465 -
JCO NYSE Nuveen Credit Opportunities 2022 Target Term Fund $.0470 -
Monthly Cash-Flow Based Distributions
Each of the three taxable funds listed immediately below have
adopted a cash-flow based distribution program. Historical
distribution sources have included 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.
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 September 14, 2018 Ex-Dividend Date September
13, 2018 Payable Date October 1, 2018
Monthly Distribution Per Share Change From
Ticker
Exchange
Fund
Name
Amount Previous Month
Mortgage-Backed
Securities
JLS NYSE Nuveen Mortgage Opportunity Term Fund $.1135 - JMT NYSE
Nuveen Mortgage Opportunity Term Fund 2 $.1125 -
Real
Assets
JRI NYSE Nuveen Real Asset Income and Growth Fund $.1060 -
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, historical distribution
sources have included 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 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 September 14, 2018 Ex-Dividend Date September
13, 2018 Payable Date October 1, 2018
Quarterly Distribution Per Share Change From
Ticker
Exchange
Fund
Name
Amount Previous Quarter
Hybrid
Equity
JTA NYSE Nuveen Tax-Advantaged Total Return Strategy Fund $.2700 -
JTD NYSE Nuveen Tax-Advantaged Dividend Growth Fund $.3350 -
Domestic
Equity
JCE NYSE Nuveen Core Equity Alpha Fund $.2775 -
Covered
Call
DIAX NYSE Nuveen Dow 30SM Dynamic Overwrite Fund $.3100 - BXMX NYSE
Nuveen S&P 500 Buy-Write Income Fund $.2450 -
Multi-Strategy
JDD NYSE Nuveen Diversified Dividend and Income Fund $.2400 -
Nuveen, the investment manager of TIAA, offers a comprehensive
range of outcome-focused investment solutions designed to secure
the long-term financial goals of institutional and individual
investors. Nuveen has $973 billion in assets under management as of
6/30/18 and operations in 16 countries. Its affiliates offer deep
expertise across a comprehensive range of traditional and
alternative investments through a wide array of vehicles and
customized strategies. For more information, please visit
www.nuveen.com.
The information contained on the Nuveen website is not a part of
this press release. Nuveen Securities, LLC, member FINRA and
SIPC.
* 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.
594763-INV-O-09/20
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180904005859/en/
NuveenKristyna Munoz254-644-1615Kristyna.munoz@nuveen.com
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