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Nuveen Closed-End Funds Declare Monthly Distributions

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Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that 76 Nuveen closed-end funds 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.

The following dates apply to today’s distribution declarations for the following Closed-End Funds:

Record Date October 15, 2014
Ex-Dividend Date October 10, 2014
Payable Date November 3, 2014
Reinvest Date November 3, 2014
Monthly Tax-Free Distribution Per Share
Change From
Amount Previous Month


Fund Name

NXP Select Portfolio $.0525
NXQ Select Portfolio 2 $.0485
NXR Select Portfolio 3 $.0505
NUV Municipal Value $.0345
NUW Municipal Value 2 $.0670
NMI Municipal Income $.0425
NIM Select Maturities $.0285

Leveraged Funds


NPI Premium Income $.0685
NPP Performance Plus $.0770
NMA Advantage $.0670
NMO Market Opportunity $.0670
NQI Quality Municipal $.0550
NQS Select Quality $.0665
NQU Quality Income $.0685
NIO Municipal Opportunity $.0730
NPF Premier $.0720
NPM Premium Income 2 $.0720
NPT Premium Income 4 $.0680
NAD Dividend Advantage $.0740
NEA AMT-Free Municipal Income $.0685
NXZ Dividend Advantage 2 $.0715
NZF Dividend Advantage 3 $.0625
NVG Dividend Advantage Municipal $.0610
NMZ High Income Opportunity Fund $.0760
NEV Enhanced Municipal Value Fund $.0800
NID Int. Duration Municipal Term Fund $.0570
NIQ Int. Duration Quality Municipal Term Fund $.0495


NAC Dividend Advantage $.0800
NKX CA AMT-Free Municipal Income $.0700
NCA CA Municipal Value $.0390
NVX Dividend Advantage 2 $.0700
NZH Dividend Advantage 3 $.0670
NXC CA Select Portfolio $.0570
NCB CA Municipal Value 2 $.0650

New York

NRK AMT-Free Municipal Income $.0650
NNP Performance Plus $.0710
NAN Dividend Advantage $.0630
NXK Dividend Advantage 2 $.0550
NXN NY Select Portfolio $.0460
NNY NY Municipal Value $.0325
NYV NY Municipal Value 2 $.0525

Other State Funds

NAZ AZ Premium Income $.0665
NTC CT Premium Income $.0570
NKG GA Dividend Advantage 2 $.0535
NMT MA Premium Income $.0555
NMY MD Premium Income $.0555
NUM MI Quality Income $.0705
NOM MO Premium Income $.0610
NNC NC Premium Income $.0530
NQJ NJ Investment Quality $.0640
NNJ NJ Premium Income $.0680
NXJ NJ Dividend Advantage $.0625
NUJ NJ Dividend Advantage 2 $.0595
NJV NJ Municipal Value $.0500
NUO OH Quality Income $.0740
NQP PA Investment Quality $.0690
NPN PA Municipal Value $.0530
NTX TX Quality Income $.0545
NPV VA Premium Income $.0640
Monthly Taxable Distribution Per Share

Closed-End Funds:

Change From


Taxable Funds

Amount Previous Month

Preferred Securities

JTP Quality Preferred Income Fund $.0520
JPS Quality Preferred Income Fund 2 $.0550
JHP Quality Preferred Income Fund 3 $.0520
JPC Preferred Income Opportunities Fund $.0633
JPI Preferred and Income Term Fund $.1580
JPW Nuveen Flexible Investment Income Fund $.1260

Floating Rate: Corporate Loans

NSL Senior Income Fund $.0350
JFR Floating Rate Income Fund $.0600
JRO Floating Rate Income Opportunity Fund $.0630
JSD Short Duration Credit Opportunities Fund $.0970
JQC Credit Strategies Income Fund $.0435

Mortgage-Backed Securities

JLS Mortgage Opportunity Term Fund $.1265
JMT Mortgage Opportunity Term Fund 2 $.1275
JMM Multi-Market Income Fund $.0400

Taxable Municipal

NBB Build America Bond Fund $.1160
NBD Build America Bond Opportunity Fund $.1140

Real Assets

JRI Real Asset Income and Growth $.1345

The following dates apply to today’s distribution declarations for the following MTP Shares:

Record Date October 15, 2014
Ex-Dividend Date October 10, 2014
Payable Date November 3, 2014


MuniFund Term Preferred

Monthly Tax-Free
Distribution Per Share

NOM PrC Nuveen Missouri Premium Income Municipal Fund MTP .017500
NTX PrC Nuveen Texas Quality Income Municipal Fund MTP .019167
NUJ PrC Nuveen New Jersey Dividend Advantage Municipal Fund 2 MTP .016667
NKX PrC Nuveen California AMT-Free Municipal Income Fund MTP .016667

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 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 and portfolios may be subject to the Federal Alternative Minimum Tax for some shareholders.*

All of Nuveen’s closed-end 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

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 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.

Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutional and individual investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliates-Nuveen Asset Management, LLC, Symphony Asset Management LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital Management, LLC and Gresham Investment Management LLC, all of which are registered investment advisers and subsidiaries of Nuveen Investments, Inc. Funds distributed by Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc. In total, Nuveen Investments managed $231 billion as of June 30, 2014. For more information, please visit the Nuveen Investments website at

*Nuveen does not provide tax advice; consult a professional tax advisor regarding your specific tax situation.

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