Nuveen Closed-End Funds Declare Quarterly Distributions
01 Dicembre 2014 - 11:56PM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced regular quarterly distributions for 13 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/Home/TaxInformation/FormInformation.aspx.
Each of these 13 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:
- Each Nuveen fund seeks to establish a
relatively stable distribution rate that roughly corresponds to the
projected total return from its investment strategy over an
extended period of time. However, investors should not draw any
conclusions about a fund’s past or future investment performance
from its current distribution rate.
- Actual returns will differ from
projected long-term returns (and therefore a fund’s distribution
rate), at least over shorter time periods. Over a specific
timeframe, the difference between actual returns and total
distributions will be reflected in an increasing (returns exceed
distributions) or a decreasing (distributions exceed returns) fund
net asset value.
- Each quarter’s distributions are
expected to be paid from some or all of the following sources:
- net investment income (regular interest
and dividends),
- realized capital gains, and
- unrealized gains, or, in certain cases,
a return of principal (non-taxable distributions)
- A non-taxable distribution is a payment
of a portion of the fund’s capital. When fund returns exceed
distributions, it may represent portfolio gains earned, but not
realized as a taxable capital gain. In periods when fund returns
fall short of distributions, it will represent a portion of your
original principal unless the shortfall is offset during other time
periods over the life of your investment (previous or subsequent)
when the fund’s total return exceeds distributions.
- Because distribution source estimates
are updated quarterly based on a fund’s performance and forecast
for its current fiscal year (which is the calendar year for all the
funds listed below), these estimates may differ from both the tax
information reported to shareholders in their fund’s 1099
statement, as well as the ultimate economic sources of
distributions over the life of their investment.
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 2014 and reported to
shareholders on Form 1099-DIV at that time.
The following dates apply to today’s distribution
declarations:
Record Date December 15, 2014 Ex-Dividend
Date December 11, 2014 Payable Date December
31, 2014 Reinvest Date December 31, 2014
Quarterly Taxable Distribution Per Share
Change From
Ticker
Exchange
Closed-End
Funds:
Amount Previous Quarter
Global
Equity
JGV NYSE Global Value Opportunities Fund $.2650 -
Equity
JTA NYSE Tax-Advantaged Total Return Strategy Fund $.2720 .0130 JTD
NYSE Tax-Advantaged Dividend Growth Fund $.3230 .0150 JCE NYSE Core
Equity Alpha Fund $.3030 -
Real
Asset
JRS NYSE MKT Real Estate Income Fund $.2250 -
Multi-Strategy
JDD NYSE Diversified Dividend and Income Fund $.2600 -
The following Equity Option Closed-End Funds will declare their
quarterly distributions with the following record, ex-dividend,
payable and reinvest dates:
Record Date December 12, 2014 Ex-Dividend
Date December 10, 2014 Payable Date December
31, 2014 Reinvest Date December 31, 2014
Quarterly Taxable Distribution Per Share
Change From
Ticker
Exchange
Closed-End
Funds:
Amount Previous Quarter
Equity
Option
JPZ NYSE Equity Premium Income Fund $.2490 - JSN NYSE Equity
Premium Opportunity Fund $.2540 - JLA NYSE Equity Premium Advantage
Fund $.2590 - JPG NYSE Equity Premium and Growth Fund $.2610 - DPD
NYSE
Dow 30SM Premium & Dividend Income
Fund Inc.
$.2660 - DPO NYSE Dow 30SM Enhanced Premium and Income Fund Inc.
$.2300 .0120 QQQX NYSE NASDAQ Premium Income & Growth $.3500
.0130
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 independent investment
subsidiaries of Nuveen Investments, Inc. Funds distributed by
Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc.
Nuveen Investments operates as a separate subsidiary within
TIAA-CREF, which is a leading provider of retirement and financial
services in the academic, research, medical and cultural fields. In
total, Nuveen Investments managed $231 billion as of June 30, 2014.
For more information, please visit the Nuveen Investments website
at www.nuveen.com.
4732-INV-Q12/15
Nuveen InvestmentsMedia Contact:Kristyna Munoz(312)
917-8343KRISTYNA.MUNOZ@NUVEEN.COM
Grafico Azioni Nuveen Tax Advantaged To... (NYSE:JTA)
Storico
Da Gen 2025 a Feb 2025
Grafico Azioni Nuveen Tax Advantaged To... (NYSE:JTA)
Storico
Da Feb 2024 a Feb 2025