Nuveen Exchange-Traded Closed-End Funds Declare Monthly Dividends and Distributions.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 fourteen Nuveen exchange-traded closed-end funds Closed-end fund An investment company that issues shares like any other corporation and usually does not redeem its shares. A publicly traded fund sold on stock exchanges or over the counter that may trade above or below its net asset value. Related: Open-end fund. (CEFs) and portfolios have declared 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. Monthly dividends from Nuveen's municipal exchange-traded CEFs 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 from time to time in their periodic shareholder reports, and are also on www.nuveen.com/cef. Dividends and distributions from Nuveen's taxable exchange-traded CEFs 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 ) and 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 ) 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) ), 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 ), Nuveen Preferred and Convertible Income Fund 2 (JQC JQC Judicial Qualifications Commission ) 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), 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 ), 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 ) and Nuveen Equity Premium and Growth Fund (JPG See JPEG. jpg - JPEG ) intend to make regular monthly distributions based on their past and projected performance. JPZ, JSN, JLA and JPG 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 gains Unrealized Gain A profit that results from holding on to an asset rather than cashing it in and using the funds. Notes: Let's say you own a stock that has doubled, but you haven't sold it yet. This is said to be an unrealized gain. . The final determination of the source and tax characteristics of all distributions in 2006 will be made after the end of the year. More details about the estimated composition of the distributions of each of these funds are available on www.nuveen.com/cef. The following dates apply to today's dividend and distribution declarations:
Record Date July 15, 2006
Ex-Dividend Date July 12, 2006
Payable Date August 1, 2006
Tax-Free Dividends
Per Share
------------------------
Change From
Previous
Amount Month
------------------------
Ticker Exchange-Traded Closed-End Portfolios
------ -------------------------------------
NXP Select Portfolio $.0570 -
NXQ Select Portfolio 2 .0530 -
NXR Select Portfolio 3 .0535 -
NXC CA Select Portfolio .0530 -
NXN NY Select Portfolio .0510 -
Exchange-Traded Closed-End Funds:
---------------------------------
Non-Leveraged Funds
-------------------
NUV Municipal Value .0390 -
NCA CA Municipal Value .0385 -
NNY NY Municipal Value .0355 -
NMI Municipal Income .0420 -
NIM Select Maturities .0395 -
Leveraged Funds
---------------
National
--------
NPI Premium Income .0590 -
NPP Performance Plus .0670 -
NMA Advantage .0715 -
NMO Market Opportunity .0660 -
NQM Investment Quality .0675 -
NQI Insured Quality .0635 -
NQS Select Quality .0705 -
NQU Quality Income .0665 -
NIO Insured Opportunity .0645 -
NPF Premier .0545 -
NIF Premier Insured .0640 -
NPM Premium Income 2 .0605 -
NPT Premium Income 4 .0545 -
NPX Insured Premium 2 .0540 -
NAD Dividend Advantage .0690 -
NXZ Dividend Advantage 2 .0795 -
NZF Dividend Advantage 3 .0730 -
NVG Insured Dividend Advantage .0670 -
NEA Insured Tax-Free Advantage .0620 -
NMZ High Income Opportunity Fund .0850 -
California
----------
NCP Performance Plus .0595 -
NCO Market Opportunity .0665 -
NQC Investment Quality .0615 -
NVC Select Quality .0665 -
NUC Quality Income .0650 -
NPC Insured Premium Income .0635 -
NCL Insured Premium Income 2 .0590 -
NCU Premium Income .0595 -
NAC Dividend Advantage .0705 -
NVX Dividend Advantage 2 .0655 -
NZH Dividend Advantage 3 .0655 -
NKL Insured Dividend Advantage .0680 -
NKX Insured Tax-Free Advantage .0590 -
Florida
-------
NQF Investment Quality .0580 -
NUF Quality Income .0560 -
NFL Insured Premium Income .0630 -
NWF Insured Tax-Free Advantage .0575 -
New York
--------
NNP Performance Plus .0695 -
NQN Investment Quality .0585 -
NVN Select Quality .0595 -
NUN Quality Income .0595 -
NNF Insured Premium Income .0570 -
NAN Dividend Advantage .0695 -
NXK Dividend Advantage 2 .0685 -
NKO Insured Dividend Advantage .0615 -
NRK Insured Tax-Free Advantage .0545 -
Other State Funds
-----------------
NAZ AZ Premium Income .0510 -
NFZ AZ Dividend Advantage .0655 -
NKR AZ Dividend Advantage 2 .0645 -
NXE AZ Dividend Advantage 3 .0565 -
NTC CT Premium Income .0545 -
NFC CT Dividend Advantage .0635 -
NGK CT Dividend Advantage 2 .0635 -
NGO CT Dividend Advantage 3 .0540 -
NPG GA Premium Income .0585 -
NZX GA Dividend Advantage .0660 -
NKG GA Dividend Advantage 2 .0515 -
NMY MD Premium Income .0580 -
NFM MD Dividend Advantage .0645 -
NZR MD Dividend Advantage 2 .0640 -
NWI MD Dividend Advantage 3 .0555 -
NMT MA Premium Income .0590 -
NMB MA Dividend Advantage .0650 -
NGX Insured MA Tax-Free Advantage .0510 -
NUM MI Quality Income .0620 -
NMP MI Premium Income .0605 -
NZW MI Dividend Advantage .0675 -
NOM MO Premium Income .0630 -
NQJ NJ Investment Quality .0575 -
NNJ NJ Premium Income .0605 -
NXJ NJ Dividend Advantage .0645 -
NUJ NJ Dividend Advantage 2 .0660 -
NNC NC Premium Income .0575 -
NRB NC Dividend Advantage .0665 -
NNO NC Dividend Advantage 2 .0615 -
NII NC Dividend Advantage 3 .0545 -
NUO OH Quality Income .0655 -
NXI OH Dividend Advantage .0635 -
NBJ OH Dividend Advantage 2 .0620 -
NVJ OH Dividend Advantage 3 .0615 -
NQP PA Investment Quality .0515 -
NPY PA Premium Income 2 .0555 -
NXM PA Dividend Advantage .0665 -
NVY PA Dividend Advantage 2 .0635 -
NTX TX Quality Income .0635 -
NPV VA Premium Income .0590 -
NGB VA Dividend Advantage .0685 -
NNB VA Dividend Advantage 2 .0650 -
Taxable Distribution
Per Share
------------------------
Change From
Previous
Exchange-Traded Closed-End Funds: Amount Month
--------------------------------- ------------------------
Ticker Taxable Funds
------ -------------
NSL Senior Income Fund $.0535 -
JRS Real Estate Income Fund .1650 -
JTP Quality Preferred Income Fund .0900 -
JPS Quality Preferred Income Fund 2 .0930 -
JHP Quality Preferred Income Fund 3 .0910 -
JPC Preferred and Convertible Income Fund .0950 -
JQC Preferred and Convertible Income Fund 2 .0950 -
JDD Diversified Dividend and Income Fund .1100 -
JTA Tax-Advantaged Total Return Strategy Fund .1300 -
JFR Floating Rate Income Fund .0900 -
JRO Floating Rate Income Opportunity Fund .0950 -
JPZ Equity Premium Income Fund .1420 -
JSN Equity Premium Opportunity Fund .1480 -
JFP Tax-Advantaged Floating Rate Fund .0720 -
JLA Equity Premium Advantage Fund .1510 -
JPG Equity Premium and Growth Fund .1350 -
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, managing 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; Tradewinds NWQ, specializing in global value equities; Rittenhouse, focused on "blue-chip" 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. In total, the Company manages just over $145 billion in assets. Nuveen Investments 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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