ADDING and REPLACING Nuveen Closed-End Funds Declare Quarterly Distributions
Posted on March 02, 2012 at 11:12 AM EST
In the release dated March 1, 2012, add the distribution declaration dates above the Quarterly Taxable Distribution Per Share table.
The corrected release reads:
NUVEEN CLOSED-END FUNDS DECLARE QUARTERLY DISTRIBUTIONS
Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced regular quarterly distributions for 18 Nuveen closed-end funds. These funds represent a broad range of equity and taxable fixed-income investment strategies for investors seeking to build sophisticated and diversified long-term investment portfolios for cash flow.
Distributions of income from Nuveen's taxable closed-end funds are generally subject to Federal income taxes. 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. Funds that may be affected by such re-characterization are noted on our web site at http://www.nuveen.com/corporate/taxinfo/Default.aspx.
Each of these 18 funds has adopted a managed distribution program. The goal of a fund’s managed distribution program is to provide shareholders relatively consistent and predictable cash flow by systematically converting its expected long-term return potential into regular distributions. As a result, regular distributions throughout the year will likely include a portion of expected long-term gains (both realized and unrealized), along with net investment income and/or a return of capital. Important points to understand about Nuveen fund managed distributions are:
Information regarding each fund’s distributions and total return performance over various time periods will be sent to shareholders with their distributions, and posted on www.nuveen.com/cef.
Additionally, estimates of the tax characteristics of each fund’s distribution sources reflecting year-to-date cumulative experience will also be mailed to shareholders and shown on www.nuveen.com/cef. These estimates are for informational purposes only. The estimates are calculated on a tax basis rather than on a generally accepted accounting principles (GAAP) basis, but should not be used for tax reporting purposes. The actual amounts and sources for tax reporting purposes will depend upon each fund’s investment experience during the remainder of its fiscal year. The final determination of the source and tax characteristics of all distributions will be made in early 2013 and reported to shareholders on Form 1099-DIV at that time.
The following dates apply to today’s distribution declarations:
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, Symphony Asset Management, NWQ Investment Management Company, Santa Barbara Asset Management, Tradewinds Global Investors, Winslow Capital Management, and Gresham Investment Management. In total, Nuveen Investments managed $220 billion as of December 31, 2011. For more information, please visit the Nuveen Investments website at www.nuveen.com.
Kristyna Muñoz, (312) 917-8343
Dow 30 Enhanced Premium & Income Fund Dow 30 Premium & Dividend Income Fund, Inc. NASDAQ Prmium Income and Growth Fund, Inc. Nuveen Core Equity Alpha Fund Nuveen Credit Strategies Incom Nuveen Diversified Currency Op Nuveen Diversified Dividend & Income Fund Nuveen Equity Premium & Growth Fund Nuveen Equity Premium Advantage Fund Nuveen Equity Premium Income Fund Nuveen Equity Premium Opportunity Fund Nuveen Global Income Opportuni Nuveen Global Value Opportunities Fund Nuveen Preferred Income Opport Nuveen Real Estate Income Fund Nuveen Tax-Advantaged Dividend Growth Fund Nuveen Tax-Advantaged Total Return Strategy Fund
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