Nuveen Closed-End Exchange-Traded Funds and Portfolios Declare Monthly Dividends and Distributions; New Performance Analysis for Nuveen Preferred and Convertible Income Funds Also Available.CHICAGO Chicago, city, United States Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837. -- Nuveen Investments Nuveen Investments is a public company in the asset management industry. References http://www.nuveen.com Nuveen's Corporate Website , a leading provider of diversified diversified (di·verˑ·s investment services, today announced one hundred and thirteen Nuveen closed-end closed-end adj. Issuing a fixed number of shares that can be traded publicly but are not redeemable by the issuer: a closed-end investment company. exchange-traded funds Exchange-traded funds (or ETFs) are Open Ended investment companies that can be traded at any time throughout the course of the day. Typically, ETFs try to replicate a stock market index such as the S&P 500 (e.g. (ETFs) and portfolios have declared de·clare v. de·clared, de·clar·ing, de·clares v.tr. 1. To make known formally or officially. See Synonyms at announce. 2. To state emphatically or authoritatively; affirm. 3. regular monthly dividends and distributions. These funds represent a broad range of tax-exempt tax-ex·empt adj. 1. Not subject to taxation, as the capital or income of a philanthropic organization. 2. Producing interest that is exempt from income tax: tax-exempt bonds. n. and taxable equity and fixed-income investment strategies for investors seeking to build diversified long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. investment portfolios. In addition, 62 Nuveen closed-end ETFs and portfolios have declared additional distributions. These dividends, which are taxable under the Internal Revenue Code The Internal Revenue Code is the body of law that codifies all federal tax laws, including income, estate, gift, excise, alcohol, tobacco, and employment taxes. These laws constitute title 26 of the U.S. Code (26 U.S.C.A. § 1 et seq. , may include long-term capital gains Long-term capital gain A profit on the sale of a security or mutual fund share that has been held for more than one year. as well as ordinary income arising from gains upon the sale of securities held for one year or less and, pursuant to the Revenue Reconciliation Act of 1993, market discount realized upon the sale of securities. Also available to investors and their advisors is a new performance analysis for Nuveen's Preferred and Convertible Income Funds. This information can be accessed at www.nuveen.com/etf. Monthly dividends from Nuveen's municipal closed-end ETFs and portfolios are exempt from regular Federal income taxes, and monthly dividends 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 dividends of the municipal funds and portfolios may be subject to the Federal Alternative Minimum Tax for some shareholders. All of these funds seek to pay stable dividends or distributions at rates that reflect each fund's past results and projected future performance. During certain periods, each fund may pay dividends 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 dividends, it holds the excess in reserve as undistributed Adj. 1. undistributed - (of investments) not distributed among a variety of securities undiversified - not diversified net investment income (UNII UNII Unlicensed National Information Infrastructure UNII Undistributed Net Investment Income (closed-end mutual funds) ) as part of the fund's net asset value (NAV See navigation system and navigation bar. ). Conversely con·verse 1 intr.v. con·versed, con·vers·ing, con·vers·es 1. To engage in a spoken exchange of thoughts, ideas, or feelings; talk. See Synonyms at speak. 2. , if a fund has cumulatively paid dividends 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 dividends to shareholders. The funds' positive or negative UNII balances are disclosed dis·close tr.v. dis·closed, dis·clos·ing, dis·clos·es 1. To expose to view, as by removing a cover; uncover. 2. To make known (something heretofore kept secret). from time to time in their periodic shareholder reports, and are also on www.nuveen.com/etf. Dividends and distributions from Nuveen's taxable closed-end ETFs are generally subject to Federal income taxes. In addition, monthly distributions for the Nuveen Real Estate Income Fund (JRS JRS Jesuit Refugee Service JRS Journal of Roman Studies JRS Japan Radiological Society JRS Journal of Refractive Surgery JRS Joint Reporting Structure JRS Job Referral Service JRS Joint Reporting System JRS Joint Research Center JRS Jamaica Reservation Service ) may later be characterized char·ac·ter·ize tr.v. character·ized, character·iz·ing, character·iz·es 1. To describe the qualities or peculiarities of: characterized the warden as ruthless. 2. as capital gains and/or and/or conj. Used to indicate that either or both of the items connected by it are involved. Usage Note: And/or is widely used in legal and business writing. a return of capital depending on the character of the dividend reported to JRS after year-end year-end also year·end n. The end of a year. adj. Occurring or done at the end of the year: a year-end audit. Noun 1. by real estate investment trusts (REITs) whose securities are held by the fund. Additionally, smaller portions of the monthly dividend for the Nuveen Quality Preferred Income Fund (JTP JTP Joint Training Plan JTP Joint Training Program JTP Jednota Tlumoèníkù a Pøekladatelù (Czech/Slovak: Union of Interpreters and Translators) JTP Joint Theatre Plan JTP Jolt Transaction Protocol JTP Joint Technical Panel ), Nuveen Quality Preferred Income Fund 2 (JPS JPS Jewish Publication Society JPS John Peter Smith (Hospital; Texas) JPS Justice & Public Safety JPS Jean Piaget Society JPS Juvenile Polyposis Syndrome JPS Joint Planning Staff ), Nuveen Quality Preferred Income Fund 3 (JHP JHP Jacketed Hollow Point (bullet) JHP Journal of Humanistic Psychology JHP Journal of Health Psychology JHP Jewish Heritage Program ), Nuveen Preferred and Convertible Income Fund (JPC JPC Joint Parliamentary Committee (India) JPC John Paul College (Queensland, Australia) JPC Joint Propulsion Conference JPC Joint Planning Committee JPC Jpeg-2000 Code stream ) and Nuveen Preferred and Convertible Income Fund 2 (JQC JQC Judicial Qualifications Commission ) may later be characterized as capital gains and/or a return of capital because of those funds' modest investments in REITs. The Nuveen Real Estate Income Fund (JRS), Nuveen Diversified Dividend and Income Fund (JDD JDD Journal Du Dimanche (French) ), and Nuveen Tax-Advantaged Total Return Strategy Fund (JTA (Java Transaction API) A programming interface (API) from Sun for connecting Java programs to transaction monitors such as IBM's CICS and BEA's Tuxedo. JTA is part of Sun's J2EE platform. See J2EE. ) have adopted a managed distribution policy under which the fund seeks to maintain a stable monthly distribution level, stated in terms of a fixed amount per common share, representing net investment income and net realized capital gains and, if necessary, return of capital. The Nuveen Equity Premium Income Fund (JPZ), The Nuveen Equity Premium Opportunity Fund (JSN JSN Julkisen Sanan Neuvosto (Finnish: Council for Mass Media) JSN Just Say No JSN Job Sequence Number JSN Joint Schedule Number (US Military construction) JSN Java Script Network JSN Job Search Network ), and The Nuveen Equity Premium Advantage Fund (JLA JLA Justice League of America JLA Joe Louis Arena (Detroit, Michigan) JLA Journal of Library Administration JLA Junior League of Atlanta JLA Junior League of Annapolis JLA Junior League of Austin JLA Junior League of Arlington ) intend to make regular monthly distributions based on their past and projected performance. JPZ, JSN, and JLA expect that a portion of their distributions will represent "qualified dividend income" taxed at a maximum federal income tax rate of 15%, and the balance will represent a combination of long-term and short-term capital gains Short-term capital gain A profit on the sale of a security or mutual fund share that has been held for one year or less. A short-term capital gain is taxed as ordinary income. , and/or a return of capital, which in most cases represents net unrealized capital gains. The final determination of the source and tax characteristics of all distributions in 2005 will be made after the end of the year. More details about the estimated composition of the distributions of each of these taxable funds are also available and updated monthly on www.nuveen.com/etf. The following dates apply to today's dividend and distribution declarations:
Record Date December 15, 2005
Ex-Dividend Date December 13, 2005
Payable Date December 30, 2005
Tax-Free Dividends
Per Share
------------------------
Change From
Previous
Amount Month
------------------------
Ticker Closed-End Exchange-Traded Portfolios
------ -------------------------------------
NXP Select Portfolio $.0570 -
NXQ Select Portfolio 2 .0530 (.0020)
NXR Select Portfolio 3 .0535 -
NXC CA Select Portfolio .0530 (.0020)
NXN NY Select Portfolio .0510 -
Closed-End Exchange-Traded Funds:
---------------------------------
Non-Leveraged Funds
-------------------
NUV Municipal Value .0390 -
NCA CA Municipal Value .0385 -
NNY NY Municipal Value .0355 -
NMI Municipal Income .0420 (.0020)
NIM Select Maturities .0395 -
Leveraged Funds
---------------
National
--------
NPI Premium Income .0660 (.0035)
NPP Performance Plus .0745 -
NMA Advantage .0795 -
NMO Market Opportunity .0725 -
NQM Investment Quality .0735 -
NQI Insured Quality .0705 (.0035)
NQS Select Quality .0770 -
NQU Quality Income .0700 -
NIO Insured Opportunity .0710 -
NPF Premier .0615 (.0045)
NIF Premier Insured .0675 (.0035)
NPM Premium Income 2 .0675 (.0035)
NPT Premium Income 4 .0610 (.0035)
NPX Insured Premium 2 .0600 (.0035)
NAD Dividend Advantage .0750 (.0040)
NXZ Dividend Advantage 2 .0860 -
NZF Dividend Advantage 3 .0770 -
NVG Insured Dividend Advantage .0705 -
NEA Insured Tax-Free Advantage .0620 -
NMZ High Income Opportunity Fund .0890 -
California
----------
NCP Performance Plus .0670 (.0035)
NCO Market Opportunity .0725 -
NQC Investment Quality .0695 -
NVC Select Quality .0740 -
NUC Quality Income .0720 (.0040)
NPC Insured Premium Income .0705 -
NCL Insured Premium Income 2 .0660 -
NCU Premium Income .0670 -
NAC Dividend Advantage .0785 -
NVX Dividend Advantage 2 .0725 -
NZH Dividend Advantage 3 .0720 -
NKL Insured Dividend Advantage .0720 -
NKX Insured Tax-Free Advantage .0630 -
Florida
-------
NQF Investment Quality .0660 (.0035)
NUF Quality Income .0635 (.0045)
NFL Insured Premium Income .0695 -
NWF Insured Tax-Free Advantage .0575 -
New York
--------
NNP Performance Plus .0780 -
NQN Investment Quality .0650 (.0045)
NVN Select Quality .0660 (.0035)
NUN Quality Income .0665 -
NNF Insured Premium Income .0630 (.0035)
NAN Dividend Advantage .0785 -
NXK Dividend Advantage 2 .0760 -
NKO Insured Dividend Advantage .0680 -
NRK Insured Tax-Free Advantage .0585 -
Other State Funds
-----------------
NAZ AZ Premium Income .0580 (.0035)
NFZ AZ Dividend Advantage .0690 (.0040)
NKR AZ Dividend Advantage 2 .0685 (.0035)
NXE AZ Dividend Advantage 3 .0605 (.0030)
NTC CT Premium Income .0605 (.0035)
NFC CT Dividend Advantage .0715 -
NGK CT Dividend Advantage 2 .0670 (.0035)
NGO CT Dividend Advantage 3 .0585 (.0030)
NPG GA Premium Income .0625 (.0035)
NZX GA Dividend Advantage .0730 -
NKG GA Dividend Advantage 2 .0590 -
NMY MD Premium Income .0620 (.0035)
NFM MD Dividend Advantage .0715 -
NZR MD Dividend Advantage 2 .0695 -
NWI MD Dividend Advantage 3 .0595 -
NMT MA Premium Income .0670 -
NMB MA Dividend Advantage .0710 -
NGX Insured MA Tax-Free Advantage .0585 (.0020)
NUM MI Quality Income .0685 (.0035)
NMP MI Premium Income .0665 (.0035)
NZW MI Dividend Advantage .0745 -
NOM MO Premium Income .0700 -
NQJ NJ Investment Quality .0655 (.0035)
NNJ NJ Premium Income .0640 (.0035)
NXJ NJ Dividend Advantage .0715 -
NUJ NJ Dividend Advantage 2 .0730 -
NNC NC Premium Income .0645 (.0035)
NRB NC Dividend Advantage .0735 -
NNO NC Dividend Advantage 2 .0685 -
NII NC Dividend Advantage 3 .0610 -
NUO OH Quality Income .0730 -
NXI OH Dividend Advantage .0710 (.0035)
NBJ OH Dividend Advantage 2 .0665 (.0035)
NVJ OH Dividend Advantage 3 .0655 (.0035)
NQP PA Investment Quality .0575 (.0045)
NPY PA Premium Income 2 .0630 (.0035)
NXM PA Dividend Advantage .0740 -
NVY PA Dividend Advantage 2 .0670 -
NTX TX Quality Income .0695 -
NPV VA Premium Income .0655 (.0035)
NGB VA Dividend Advantage .0720 -
NNB VA Dividend Advantage 2 .0715 -
Taxable Distribution
Per Share
------------------------
Change From
Previous
Closed-End Exchange-Traded Funds: Amount Month
--------------------------------- ------------------------
Ticker Taxable Funds
------ -------------
NSL Senior Income Fund $.0510 -
JRS Real Estate Income Fund .1450 -
JTP Quality Preferred Income Fund .0900 -
JPS Quality Preferred Income Fund 2 .0930 -
JHP Quality Preferred Income Fund 3 .0945 -
JPC Preferred and Convertible Income Fund .0850 -
JQC Preferred and Convertible Income Fund 2 .0840 -
JDD Diversified Dividend and Income Fund .1075 -
JTA Tax-Advantaged Total Return Strategy Fund .1050 -
JFR Floating Rate Income Fund .0820 .0030
JRO Floating Rate Income Opportunity Fund .0850 .0050
JPZ Equity Premium Income Fund .1420 -
JSN Equity Premium Opportunity Fund .1480 -
JFP Tax-Advantaged Floating Rate Fund .0655 -
JLA Equity Premium Advantage Fund .1510 -
The following Funds have declared additional cash dividends with
the same record, ex-dividend and payable dates mentioned above. These
additional cash dividends, which are taxable under the Internal
Revenue Code, may include long-term capital gains as well as ordinary
income arising from gains upon the sale of securities held for one
year or less and, pursuant to the Revenue Reconciliation Act of 1993,
market discount realized upon the sale of securities.
Amount Per Share
-------------------------
Ordinary
Income
(Short-Term
Capital
Long-Term Gains &
Capital Gain Market
Exchange-Traded Portfolios 15% Rate Discount)
-------------------------- ------------ ------------
NXP Select Portfolio $.0006 -
NXQ Select Portfolio 2 .0148 -
NXR Select Portfolio 3 .0029 -
NXC CA Select Portfolio .0528 .0079
NXN NY Select Portfolio .0655 -
Non-Leveraged Funds
-------------------
NUV Municipal Value .0204 .0039
NCA CA Municipal Value .0530 .0049
NMI Municipal Income - .0018
NIM Select Maturities - .0014
Leveraged Funds
---------------
National
--------
NPI Premium Income - .0013
NPP Performance Plus .0174 .0001
NMA Advantage .0116 .0030
NMO Market Opportunity - .0036
NQM Investment Quality .1434 .0019
NQI Insured Quality .0775 -
NIO Insured Opportunity .1394 .0004
NIF Premier Insured .0955 -
NPM Premium Income 2 .0610 .0006
California
----------
NQC Investment Quality .0535 .0066
NVC Select Quality .1167 .0006
NUC Quality Income .0307 -
NPC Insured Premium Income .1367 .0109
NCU Premium Income .0122 -
NAC Dividend Advantage .0334 -
New York
--------
NNP Performance Plus .3007 .0012
NQN Investment Quality .5347 -
NVN Select Quality .2710 -
NUN Quality Income .2704 .0011
NNF Insured Premium Income .3294 -
NAN Dividend Advantage .1864 -
NXK Dividend Advantage 2 .2014 .0040
NKO Insured Dividend Advantage .1858 .0005
NRK Insured Tax-Free Advantage .0216 .0038
Other State Funds
-----------------
NMY MD Premium Income .0245 .0069
NZR MD Dividend Advantage 2 .0275 .0001
NPV VA Premium Income .2431 -
NNB VA Dividend Advantage 2 .0666 -
NMT MA Premium Income .0444 .0072
NMB MA Dividend Advantage .1945 -
NTC CT Premium Income .2240 .0001
NGK CT Dividend Advantage 2 .0827 -
NPG GA Premium Income .0661 .0008
NOM MO Premium Income .0969 .0033
NNC NC Premium Income .1594 .0034
NNO NC Dividend Advantage 2 .0948 .0291
NFL Insured Premium Income .1440 -
NQJ NJ Investment Quality .2403 -
NNJ NJ Premium Income .3089 .0007
NXJ NJ Dividend Advantage .1034 -
NUJ NJ Dividend Advantage 2 .0940 .0001
NQP PA Investment Quality .1058 .0005
NPY PA Premium Income 2 .2137 .0023
NXM PA Dividend Advantage .1015 -
NVY PA Dividend Advantage 2 .0976 -
NFZ AZ Dividend Advantage .0764 -
NKR AZ Dividend Advantage 2 .1058 -
NUM MI Quality Income .1125 -
NMP MI Premium Income .1465 .0023
NUO OH Quality Income .0543 .0001
NXI OH Dividend Advantage .0337 .0018
NBJ OH Dividend Advantage 2 .0480 .0001
NTX TX Quality Income - .0020
Nuveen Investments provides high-quality investment services designed to help secure the long-term goals Long-term goals Financial goals expected to be accomplished in five years or longer. of institutions and high-net-worth investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets its highly specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. investment teams, each with its own brand-name and area of expertise: NWQ, specializing in value-style equities; Nuveen, focused on fixed-income investments; Santa Barbara Santa Barbara (săn'tə bär`brə, –bərə), city (1990 pop. 85,571), seat of Santa Barbara co., S Calif., on the Pacific Ocean; inc. 1850. , committed to growth equities; Rittenhouse, dedicated to "blue-chip blue chip also blue-chip·per n. 1. A stock that sells at a high price because of public confidence in its long record of steady earnings. 2. An extremely valuable asset or property. 3. " growth equities; and Symphony symphony [Gr.,=sounding together], a sonata for orchestra. The Italian operatic overture, called sinfonia, was standardized by Alessandro Scarlatti at the end of the 17th cent. , with expertise in alternative investments as well as equity and income portfolios. The Company manages approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. $131 billion in assets. Nuveen Investments, Inc. is listed on The New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and trades under the symbol "JNC JNC Joint National Committee JNC Japan Nuclear Cycle Development Institute JNC Judicial Nominating Commission JNC Jet Navigation Chart JNC Journal of Nuclear Cardiology JNC JNet Consultancy (Netherlands) ." |
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