Printer Friendly

57 NUVEEN TAX-FREE FUNDS DECLARE MONTHLY DIVIDENDS; 27 ALSO DECLARE SUPPLEMENTAL DIVIDENDS

 CHICAGO, May 3 /PRNewswire/ -- Fifty-seven Nuveen tax-free exchange- traded funds and portfolios today declared regular monthly dividends to common shareholders.
 In addition, 27 leveraged funds declared tax-free supplemental dividends. For many of the funds, these are the fourth tax-free supplemental dividends declared in the past nine months.
 "The current, low short-term municipal market rates and the steepness of today's municipal market yield curve have combined to allow many of our leveraged tax-free funds to earn more than their stable, established dividends," said Richard J. Franke, Nuveen's chairman. "When short-term rates are consistently lower than the levels `budgeted' by a fund when it establishes its stable, regular dividend, this creates extra income for common shareholders. It permits the fund to increase its regular dividend, to pay tax-free supplemental dividends to common shareholders, or to do both."
 Five Nuveen funds raised their regular tax-free monthly dividends while two announced small decreases and one declared its initial dividend.
 "The overall performance of our funds is a tribute to our focus on long-term call protection and to our diligent management of the exchange-traded fund structure itself," said Franke. "At a time when many open-end funds and other investments have experienced significant declines in yields, we are able to announce increased and supplemental dividends -- many of these supplemental dividends for the fourth quarter in a row."
 Dividends declared today include:
 LEVERAGED FUNDS
 REGULAR SUPPLEMENTAL
 Tax-Free Change Tax-Free
 Dividend from Dividend
 STOCK SYMBOL AND FUND per share Prev. per Share
 Month
 NATIONAL FUNDS
 NPI Nuveen Premium Income Municipal
 Fund, Inc. $.0990 -- $.0540
 NPP Nuveen Performance Plus Municipal
 Fund, Inc. .0930 -- .0285
 NMA Nuveen Municipal Advantage
 Fund, Inc. .0960 -- .0240
 NMO Nuveen Municipal Market Opportunity
 Fund, Inc. .0960 -- .0210
 NQM Nuveen Investment Quality Municipal
 Fund, Inc. .0965 +$.0015 .0330
 NQI Nuveen Insured Quality Municipal
 Fund, Inc. .0890 -- .0390
 NQS Nuveen Select Quality Municipal
 Fund, Inc. .0910 -- .0275
 NQU Nuveen Quality Income Municipal
 Fund, Inc. .0875 -- .0395
 NIO Nuveen Insured Municipal Opportunity
 Fund, Inc. .0800 +$.0015 .0250
 NPF Nuveen Premier Municipal Income
 Fund, Inc. .0800 -- --
 NIF Nuveen Premier Insured Municipal
 Income Fund, Inc. .0780 -- .0175
 NPM Nuveen Premium Income Municipal
 Fund 2, Inc. .0756 -- --
 NPN Nuveen Premium Income Municipal
 Fund 3, Inc. .0769 -- --
 NPT Nuveen Premium Income Municipal
 Fund 4, Inc. .0694 (1stDiv) --
 NPE Nuveen Insured Premium Income
 Municipal Fund .0730 -- --
 CALIFORNIA FUNDS
 NCP Nuveen Cal. Performance Plus
 Municipal Fund, Inc. $.0860 -- $.0330
 NCO Nuveen Cal. Muni. Market Opportunity
 Fund, Inc. .0900 +$.0025 .0325
 NQC Nuveen Cal. Investment Quality
 Municipal Fund, Inc. .0860 +.0010 .0400
 NVC Nuveen Cal. Select Quality Municipal
 Fund, Inc. .0825 -- .0225
 NUC Nuveen Cal. Quality Income Municipal
 Fund, Inc. .0785 -- .0200
 NPC Nuveen Ins. Cal. Prem. Income Muni.
 Fund, Inc. .0715 -- --
 NEW YORK FUNDS
 NNP Nuveen NY Performance Plus Municipal
 Fund, Inc. .0935 -- --
 NNO Nuveen NY Municipal Market Opportunity
 Fund, Inc. .0940 -- .0500
 NQN Nuveen NY Investment Quality Municipal
 Fund, Inc. .0865 -- .0175
 NVN Nuveen NY Select Quality Municipal
 Fund, Inc. .0810 -- .0370
 NUN Nuveen NY Quality Income Municipal
 Fund, Inc. .0745 -- .0125
 NNF Nuveen NY Insured Premium Income
 Muni. Fund .0665 -- --
 REGULAR SUPPLEMENTAL
 Tax-Free Change Tax-Free
 Dividend from Dividend
 STOCK SYMBOL AND FUND per share Prev. per Share
 Month
 OTHER STATE FUNDS
 NAZ Nuveen Arizona Premium Income
 Municipal Fund .0700 -- --
 NQF Nuveen Florida Investment Quality
 Municipal Fund .0825 -- --
 NUF Nuveen Florida Quality Income
 Municipal Fund .0760 -- .0280
 NFL Nuveen Florida Ins. Prem. Income
 Municipal Fund .0650 -- --
 NUM Nuveen Michigan Quality Income
 Municipal Fund .0775 -- .0350
 NMP Nuveen Michigan Premium Income
 Municipal Fund .0675 -- --
 NQJ Nuveen NJ Investment Quality
 Municipal Fund Inc. .0800 -- .0315
 NUJ Nuveen NJ Quality Income
 Municipal Fund, Inc. .0775 -- .0440
 NNJ Nuveen NJ Premium Income
 Municipal Fund .0670 -- --
 NUO Nuveen Ohio Quality Income
 Municipal Fund, Inc. .0740 -- .0300
 NOH Nuveen Ohio Premium Income
 Municipal Fund .0650 -- --
 NQP Nuveen Penn. Investment Quality
 Municipal Fund .0865 -- .0410
 NUP Nuveen Penn. Quality Income
 Municipal Fund .0785 -- .0290
 NPA Nuveen Penn. Premium Income
 Municipal Fund .0715 -- --
 NTX Nuveen Texas Quality Income
 Municipal Fund, Inc. .0780 +$.0015 .0325
 NTE Nuveen Texas Premium Income
 Municipal Fund .0690 -- --
 UNLEVERAGED FUNDS AND PORTFOLIOS
 Tax-Free
 Dividend Change From
 Per Share Previous Month
 NATIONAL FUNDS AND PORTFOLIOS
 NUV Nuveen Municipal Value Fund, Inc. $.0570 -$.0010
 NMI Nuveen Municipal Income Fund, Inc. .0685 --
 NIM Nuveen Select Maturities Muni Fund .0536 --
 NIR Nuveen Select Maturities Muni Fund 2 .0530 --
 NXP Nuveen Select Tax-Free Income
 Portfolio .0790 --
 NXQ Nuveen Select Tax-Free Income
 Portfolio 2 .0756 --
 NXR Nuveen Select Tax-Free Income
 Portfolio 3 .0706 --
 NXS Nuveen Select Tax-Free Income
 Portfolio 4 .0727 --
 CALIFORNIA FUNDS AND PORTFOLIOS
 NCA Nuveen California Municipal
 Value Fund, Inc. .0560 --
 NCM Nuveen California Municipal
 Income Fund, Inc. .0610 --
 NXC Nuveen Insured CA Select
 Tax-Free Income Portfolio .0681 --
 NEW YORK FUNDS AND PORTFOLIOS
 NNY Nuveen New York Municipal Value
 Fund, Inc. .0555 -$.0008
 NNM Nuveen New York Municipal Income
 Fund, Inc. .0640 --
 NXN Nuveen Insured NY Select Tax-Free
 Income Portfolio .0650 --
 All dividends declared today are payable June 1 to shareholders of record May 15. The ex-dividend date for all funds is May 10. These funds and portfolios all pay monthly dividends that are exempt from federal income taxes.
 In addition, dividends paid by the Arizona, California, New York, Michigan, Ohio, New Jersey and Pennsylvania funds and portfolios are also exempt from state income taxes for residents of those states. Earnings of the funds and portfolios may include income from private activity bonds, which may be subject to the federal alternative minimum tax for some individuals. Capital gains are subject to capital gains taxes.
 All of the funds and portfolios are listed on the New York Stock Exchange, except for the Nuveen New York Municipal Income and the Nuveen Ohio Premium Income Municipal Fund, Inc., and the Nuveen Texas Premium Income Municipal Fund, which are listed on the American Stock Exchange.
 Nuveen exchange-traded funds are managed by Nuveen Advisory Corp. The portfolios are managed by Nuveen Institutional Advisory Corp., both are wholly owned subsidiaries of John Nuveen & Co. Incorporated, which has sponsored more than $55 billion of tax-free trusts and funds. Founded in 1898 and headquartered in Chicago, Nuveen is the nation's oldest and largest investment banking firm specializing in the sponsorship, marketing and management of tax-free investment products for individual investors, and in the underwriting, trading and distribution of municipal securities.
 -0- 5/3/93
 /CONTACT: Jeff Kratz of Nuveen, 312-917-7749/


CO: Nuveen ST: Illinois IN: FIN SU: DIV

WB -- NY102 -- 4008 05/03/93 17:16 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 3, 1993
Words:1068
Previous Article:RAP AND DANCEHALL MEET AGAIN AS BUJU BANTON AND HEAVY D JOIN FORCES ON "WHO'S THE MAN" SOUNDTRACK
Next Article:AMERICAN STOCK EXCHANGE DAILY REPORT
Topics:


Related Articles
NUVEEN EXCHANGE-TRADED FUNDS DECLARE TAX-FREE DIVIDENDS
NUVEEN EXCHANGE-TRADED FUNDS DECLARE TAX-FREE DIVIDENDS
NUVEEN EXCHANGE-TRADED FUNDS DECLARE TAX-FREE DIVIDENDS
NUVEEN EXCHANGE-TRADED FUNDS DECLARE TAX-FREE DIVIDENDS
NUVEEN EXCHANGE-TRADED FUNDS DECLARE TAX-FREE DIVIDENDS
NUVEEN EXCHANGE-TRADED FUNDS DECLARE TAX-FREE DIVIDENDS
NUVEEN TAX-FREE LEVERAGED FUNDS DECLARE SECOND, INCREASED SUPPLEMENTAL DIVIDENDS
80 NUVEEN TAX-FREE FUNDS DECLARE MONTHLY DIVIDENDS; 23 ALSO DECLARES SUPPLEMENTAL DIVIDENDS
82 NUVEEN TAX-FREE FUNDS DECLARE MONTHLY DIVIDENDS 35 LEVERAGED FUNDS ALSO DECLARE SUPPLEMENTAL DIVIDENDS
NUVEEN FUNDS DECLARE DIVIDENDS IN ADVANCE OF MERGERS

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters