Nuveen All Cap Energy MLP Opportunities Fund Declares Initial Quarterly Distribution
21 Aprile 2014 - 3:25PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced the first distribution declaration for the Nuveen All Cap
Energy MLP Opportunities Fund (NYSE: JMLP) of $.3270 per share. The
fund began trading on the NYSE on March 27, 2014. The fund’s net
asset value (NAV) can be viewed under the NASDAQ fund symbol XJMLX.
This first distribution reflects an annualized distribution rate of
6.54 percent based on the fund’s $20 per share IPO price.
Nuveen Fund Advisors, LLC, a subsidiary of Nuveen Investments,
is the fund’s investment adviser, responsible for the fund’s
overall investment strategy and its implementation, including the
use of leverage. Advisory Research, Inc. (ARI), a subsidiary of
Piper Jaffray Companies, is the fund’s subadviser. ARI’s MLP &
Energy Infrastructure team (formerly FAMCO MLP) is responsible for
investing the fund’s assets.
Quinn T. Kiley, Senior Portfolio Manager at ARI said, “MLP’s
provide attractive investment opportunities because they typically
generate a high level of tax-deferred cash distributions. We
believe the Fund, with its small and mid-cap focus, is positioned
well to benefit from potential increased distribution cash flow
from MLPs in the portfolio. Our goal is to pass through this
potential benefit, if realized, to investors over time with
increased distributions.”
Based on the investment of the fund’s offering proceeds, the
fund’s first quarterly distribution is expected to be fully
supported by the cash flow from distributions on the fund’s
underlying MLP portfolio. Going forward, the fund anticipates
paying quarterly distributions in August, November, February and
May based on its November 30th fiscal year.
The following dates apply to today’s distribution
declaration:
Record Date May 2, 2014 Ex-Dividend
Date April 30, 2014 Payable Date May 15,
2014 Distribution
Ticker
Fund
Name
Per Share JMLP Nuveen All Cap Energy MLP Opportunities Fund
.3270
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 approximately $221 billion as of December 31, 2013. For
more information, please visit the Nuveen Investments website at
www.nuveen.com.
Advisory Research, Inc.(“ARI”), a registered
investment adviser, was founded in 1974 and is a wholly-owned
subsidiary of Piper Jaffray Companies, a publicly traded company
listed on the NYSE, trading under the symbol “PJC.” ARI’s MLP &
Energy Infrastructure team is dedicated to managing MLPs and energy
infrastructure strategies for open-end and closed-end management
investment companies, public and corporate pension plans,
endowments and foundations and wealthy individuals. The ARI MLP
& Energy Infrastructure team manages approximately $5.1 billion
of MLP and energy infrastructure assets as of March 31, 2014.
Nuveen InvestmentsMedia Contact:Kathleen Cardoza(312)
917-7813kathleen.cardoza@nuveen.com
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