Nuveen Investments, a leading global provider of investment
services to institutions and high-net-worth investors, today
announced that 124 Nuveen closed-end funds had declared regular
monthly distributions. These funds represent a broad range of
tax-exempt, taxable fixed and floating rate income investment
strategies for investors seeking to build sophisticated and
diversified long-term investment portfolios for cash flow. The
funds’ monthly distributions are listed below.
Monthly distributions from Nuveen's municipal closed-end funds
and portfolios are generally exempt from regular Federal income
taxes, and monthly distributions of single-state municipal funds
and portfolios are also 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 and
portfolios may be subject to the Federal Alternative Minimum Tax
for some shareholders.
All of Nuveen’s funds seek to pay stable distributions at rates
that reflect each fund’s past results and projected future
performance. During certain periods, each fund may pay
distributions at a rate that may be more or less than the amount of
net investment income actually earned by the fund during the
period. If a fund cumulatively earned more than it has paid in
distributions, it holds the excess in reserve as undistributed net
investment income (UNII) as part of the fund’s net asset value
(NAV). Conversely, if a fund has cumulatively paid distributions in
excess of its earnings, the excess constitutes negative UNII that
is likewise reflected in the fund’s NAV. Each fund will, over time,
pay all of its net investment income as distributions to
shareholders. The funds’ positive or negative UNII balances are
disclosed from time to time in their periodic shareholder reports,
and are also on www.nuveen.com/cef.
In addition, distributions for certain funds investing in real
estate investment trusts (REITs) may later be characterized as
capital gains and/or a return of capital, depending on the
character of the dividends reported to each fund after year-end by
REIT securities held by each fund. The Nuveen preferred securities
funds, JTP, JPS and JHP may invest in REITs; a list of funds that
are likely to be affected by re-characterization is posted to
www.nuveen.com each January, and updated tax characteristics are
posted to the web site and mailed to shareholders via form 1099-DIV
during the first quarter of the year.
The following dates apply to today’s distribution
declarations:
Record Date June 15, 2010
Ex-Dividend Date June 11,
2010
Payable Date July 1, 2010 Monthly Tax-Free
Distribution Per Share Change From Amount Previous
Month
Ticker
Closed-End Portfolios
NXP Select Portfolio $.0595 - NXQ Select Portfolio 2 .0555 - NXR
Select Portfolio 3 .0535 - NXC CA Select Portfolio .0555 - NXN NY
Select Portfolio .0510 -
Closed-End Funds
Non-Leveraged Funds
NUV Municipal Value .0390 - NUW Municipal Value 2 .0750 - NCA CA
Municipal Value .0380 - NNY NY Municipal Value .0355 - NMI
Municipal Income .0475 .0005 NIM Select Maturities .0350 - NYV NY
Municipal Value 2 .0640 - NCB CA Municipal Value 2 .0690 - NJV NJ
Municipal Value .0640 - NPN PA Municipal Value .0650 -
Leveraged Funds
National
NPI Premium Income .0765 .0035 NPP Performance Plus .0785 .0025 NMA
Advantage .0825 .0015
Change From
Amount Previous Month NMO Market Opportunity .0815 .0015 NQM
Investment Quality .0785 .0035 NQI Insured Quality .0710 - NQS
Select Quality .0860 .0040 NQU Quality Income .0790 .0030 NIO
Insured Opportunity .0720 .0030 NPF Premier .0725 .0025 NIF Premier
Insured .0740 - NPM Premium Income 2 .0740 .0010 NPT Premium Income
4 .0710 .0020 NPX Insured Premium 2 .0620 - NAD Dividend Advantage
.0760 - NXZ Dividend Advantage 2 .0800 - NZF Dividend Advantage 3
.0820 .0040 NVG Insured Dividend Advantage .0700 - NEA Insured
Tax-Free Advantage .0680 - NMZ High Income Opportunity Fund .0835 -
NMD High Income Opportunity Fund 2 .0800 - NEV Enhanced Municipal
Value Fund .0760 -
California
NCP Performance Plus .0750 - NCO Market Opportunity .0780 .0030 NQC
Investment Quality .0760 .0010 NVC Select Quality .0810 .0020 NUC
Quality Income .0810 .0010 NPC Insured Premium Income .0725 .0035
NCL Insured Premium Income 2 .0720 - NCU Premium Income .0725 .0025
NAC Dividend Advantage .0745 .0025 NVX Dividend Advantage 2 .0800
.0010 NZH Dividend Advantage 3 .0750 - NKL Insured Dividend
Advantage .0785 .0035 NKX Insured Tax-Free Advantage .0670 .0010
New York
NNP Performance Plus .0735 .0055 NQN Investment Quality .0670 .0035
NVN Select Quality .0700 .0050 NUN Quality Income .0690 .0020 NNF
Insured Premium Income .0645 .0025 NAN Dividend Advantage .0655 -
NXK Dividend Advantage 2 .0665 - Change From Amount Previous
Month NKO Insured Dividend Advantage .0645 - NRK Insured Tax-Free
Advantage .0615 -
Other State Funds
NAZ AZ Premium Income .0625 .0035 NFZ AZ Dividend Advantage .0645
.0055 NKR AZ Dividend Advantage 2 .0670 .0010 NXE AZ Dividend
Advantage 3 .0630 .0010 NTC CT Premium Income .0590 - NFC CT
Dividend Advantage .0640 - NGK CT Dividend Advantage 2 .0660 - NGO
CT Dividend Advantage 3 .0600 - NPG GA Premium Income .0590 - NZX
GA Dividend Advantage .0640 - NKG GA Dividend Advantage 2 .0600 -
NMY MD Premium Income .0635 .0015 NFM MD Dividend Advantage .0650 -
NZR MD Dividend Advantage 2 .0660 - NWI MD Dividend Advantage 3
.0630 - NMT MA Premium Income .0650 - NMB MA Dividend Advantage
.0690 - NGX Insured MA Tax-Free Advantage .0630 - NUM MI Quality
Income .0700 .0040 NMP MI Premium Income .0695 .0045 NZW MI
Dividend Advantage .0670 .0030 NOM MO Premium Income .0650 .0060
NQJ NJ Investment Quality .0690 .0030 NNJ NJ Premium Income .0685
.0025 NXJ NJ Dividend Advantage .0695 .0035 NUJ NJ Dividend
Advantage 2 .0715 .0035 NNC NC Premium Income .0620 - NRB NC
Dividend Advantage .0700 - NNO NC Dividend Advantage 2 .0680 - NII
NC Dividend Advantage 3 .0660 - NUO OH Quality Income .0750 .0010
NXI OH Dividend Advantage .0735 .0035 NBJ OH Dividend Advantage 2
.0700 .0010 NVJ OH Dividend Advantage 3 .0755 .0025 NQP PA
Investment Quality .0755 .0045 NPY PA Premium Income 2 .0700 .0010
NXM PA Dividend Advantage .0725 .0015 NVY PA Dividend Advantage 2
.0745 .0015 Change From Amount Previous Month NTX TX Quality
Income .0715 .0035 NPV VA Premium Income .0670 - NGB VA Dividend
Advantage .0640 - NNB VA Dividend Advantage 2 .0660 -
Monthly Taxable Distribution
Per Share
Closed-End Funds:
Change From
Ticker
Taxable Funds
Amount Previous Month
Preferred Securities
JTP Quality Preferred Income Fund .0480 - JPS Quality Preferred
Income Fund 2 .0540 - JHP Quality Preferred Income Fund 3 .0510 -
Floating Rate: Corporate Loans
NSL Senior Income Fund .0400 - JFR Floating Rate Income Fund .0510
- JRO Floating Rate Income Opportunity Fund .0620 -
Floating Rate: Tax Advantaged
JFP Tax-Advantaged Floating Rate Fund .0150 -
Mortgage-Backed Securities
JLS Mortgage Opportunity Term Fund .1725 - JMT Mortgage Opportunity
Term Fund 2 .1670 -
Quarterly Taxable Distribution Per
Share
Amount
Change FromPreviousQuarter
Ticker
Global Equity
JGV Nuveen Global Value Opportunities Fund .3000
-
Equity
JTA Tax-Advantaged Total Return Strategy Fund .2400
-
JTD Nuveen Tax-Advantaged Dividend Growth Fund .2600
-
JCE Core Equity Alpha Fund .2800
-
Real Estate
JRS Real Estate Income Fund .2200
-
Equity Option
JPZ Equity Premium Income Fund .3200
-
JSN Equity Premium Opportunity Fund .3360
-
JLA Equity Premium Advantage Fund .3310
-
JPG Equity Premium and Growth Fund .2800
-
Change From
Amount
PreviousQuarter
Balanced
JDD Diversified Dividend and Income Fund .2350
-
Multi-Strategy
JPC Multi-Strategy Income and Growth Fund .1700
-
JQC Multi-Strategy Income and Growth Fund 2 .1750
-
Global Debt
JGG Global Government Enhanced Income Fund .3900
-
JGT Nuveen Multi-Currency Short-Term Govt Income Fund .3470
(.0300)
Ticker
MuniFund Term Preferred
Monthly Tax-FreeDistribution
PerShare
NVG PrC Nuveen Insured Dividend Advantage Municipal Fund MTP
.024583 NGB PrC Nuveen Virginia Dividend Advantage Municipal Fund
MTP .023333 NNB PrC Nuveen Virginia Dividend Advantage Municipal
Fund 2 MTP .023333 NAN PrC Nuveen New York Dividend Advantage
Municipal Fund MTP .022500 NZH PrC Nuveen California Dividend
Advantage Municipal Fund 3 MTP .024583 NEA PrC Nuveen Insured
Tax-Free Advantage Municipal Fund MTP .023750 NKG PrC Nuveen
Georgia Dividend Advantage Municipal Fund 2 MTP .022083 NMT PrC
Nuveen Massachusetts Premium Income Municipal Fund MTP .022083 NMY
PrC Nuveen Maryland Premium Income Municipal Fund MTP .022083 NNC
PrC Nuveen North Carolina Premium Income Municipal Fund MTP .022083
NPV PrC Nuveen Virginia Premium Income Municipal Fund MTP .022083
NTC PrC Nuveen Connecticut Premium Income Municipal Fund MTP
.022083 NII PrC Nuveen North Carolina Dividend Advantage Municipal
Fund 3 MTP .022083 NGO PrC Nuveen Connecticut Dividend Advantage
Municipal Fund 3 MTP .022083 NGX PrC Nuveen Insured Mass. Tax-Free
Advantage Municipal Fund MTP .022083 NPG PrC Nuveen Georgia Premium
Income Municipal Fund MTP .022083 NZX PrC Nuveen Georgia Dividend
Advantage Municipal Fund MTP .022083 NWI PrC Nuveen Maryland
Dividend Advantage Municipal Fund 3 MTP .022083 NAD PrC Nuveen
Dividend Advantage Municipal Fund MTP .022500 NMB PrC Nuveen
Massachusetts Dividend Advantage Municipal Fund MTP .021667 NRB PrC
Nuveen North Carolina Dividend Advantage Municipal Fund MTP .021667
NNO PrC Nuveen North Carolina Dividend Advantage Municipal Fund 2
MTP .021667 NFC PrC Nuveen Connecticut Dividend Advantage Municipal
Fund MTP .021667 NGK PrC Nuveen Connecticut Dividend Advantage
Municipal Fund 2 MTP .021667 NXK PrC New York Dividend Advantage
Municipal Fund 2 MTP .021250 NRK PrC Insured New York Tax Free
Advantage Municipal Fund MTP .021250 NFM PrC Maryland Dividend
Advantage Municipal Fund MTP .021667 NZR PrC Maryland Dividend
Advantage Municipal Fund 2 MTP .021667
Nuveen Investments provides high quality investment services
designed to help secure the long-term goals of institutions and
high net worth investors as well as the consultants and financial
advisors who serve them. Nuveen Investments markets its growing
range of specialized investment solutions under the high-quality
brands of HydePark, NWQ, Nuveen, Santa Barbara, Symphony,
Tradewinds, and Winslow Capital. In total, the Company managed $151
billion as of March 31, 2010. For more information, please visit
the Nuveen Investments website at www.nuveen.com.
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