Nuveen Closed-End Funds Declare Monthly Distributions
Posted on June 01, 2011 at 17:39 PM EDT

Nuveen Investments, a leading global provider of investment services to institutions, high-net-worth and affluent investors, today announced that 112 Nuveen closed-end funds had 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.

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 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 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 www.nuveen.com/cef.

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 www.nuveen.com 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.

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

Record DateJune 15, 2011
Ex-Dividend DateJune 13, 2011
Payable DateJuly 1, 2011
Reinvest DateJuly 1, 2011

Monthly Tax-Free
Distribution Per Share

Change From
AmountPrevious Month

Ticker

Closed-End Portfolios

NXP Select Portfolio $.0595 -
NXQ Select Portfolio 2 .0525 (.0030)
NXR Select Portfolio 3 .0535 -
NXC CA Select Portfolio .0570 .0015
NXN NY Select Portfolio .0530 .0020

Closed-End Funds

Non-Leveraged Funds

NUV Municipal Value .0390 -
NUW Municipal Value 2 .0750 -
NCA CA Municipal Value .0380 -
NNY NY Municipal Value .0355 -
NMI Municipal Income .0475 -
NIM Select Maturities .0340 (.0010)
NYV NY Municipal Value 2 .0605 (.0035)
NCB CA Municipal Value 2 .0665 -
NJV NJ Municipal Value .0640 -
NPN PA Municipal Value .0630 -

Leveraged Funds

National

NPI Premium Income .0765 -
NPP Performance Plus .0785 -
NMA Advantage .0825 -
NMO Market Opportunity .0815 -
NQM Investment Quality .0825 .0040
NQI Insured Quality .0750 .0040
NQS Select Quality .0860 -
NQU Quality Income .0790 -
NIO Insured Opportunity .0720 -
NPF Premier .0765 .0040
NIF Premier Insured .0740 -
Change From
AmountPrevious Month
NPM Premium Income 2 .0780 .0040
NPT Premium Income 4 .0710 -
NPX Insured Premium 2 .0620 -
NAD Dividend Advantage .0760 -
NXZ Dividend Advantage 2 .0800 -
NZF Dividend Advantage 3 .0820 -
NVG Insured Dividend Advantage .0700 -
NEA Insured Tax-Free Advantage .0680 -
NMZ High Income Opportunity Fund .0780 (.0055)
NMD High Income Opportunity Fund 2 .0700 (.0050)
NEV Enhanced Municipal Value Fund .0800 .0040

California

NCP Performance Plus .0790 .0040
NCO Market Opportunity .0780 -
NQC Investment Quality .0790 .0030
NVC Select Quality .0810 -
NUC Quality Income .0840 .0030
NPC Insured Premium Income .0725 -
NCL Insured Premium Income 2 .0720 -
NCU Premium Income .0725 -
NAC Dividend Advantage .0745 -
NVX Dividend Advantage 2 .0800 -
NZH Dividend Advantage 3 .0750 -
NKL Insured Dividend Advantage .0785 -
NKX Insured Tax-Free Advantage .0670 -

New York

NNP Performance Plus .0735 -
NQN Investment Quality .0670 -
NVN Select Quality .0700 -
NUN Quality Income .0690 -
NNF Insured Premium Income .0645 -
NAN Dividend Advantage .0655 -
NXK Dividend Advantage 2 .0665 -
NKO Insured Dividend Advantage .0645 -
NRK Insured Tax-Free Advantage .0615 -

Other State Funds

NAZ AZ Premium Income .0625 -
NFZ AZ Dividend Advantage .0645 -
NKR AZ Dividend Advantage 2 .0670 -
NXE AZ Dividend Advantage 3 .0630 -
NTC CT Premium Income .0590 -
NFC CT Dividend Advantage .0640 -
NGK CT Dividend Advantage 2 .0660 -
NGO CT Dividend Advantage 3 .0600 -
NPG GA Premium Income .0590 -
NZX GA Dividend Advantage .0640 -
NKG GA Dividend Advantage 2 .0600 -
Change From
AmountPrevious Month
NMY MD Premium Income .0635 -
NFM MD Dividend Advantage .0650 -
NZR MD Dividend Advantage 2 .0660 -
NWI MD Dividend Advantage 3 .0630 -
NMT MA Premium Income .0650 -
NMB MA Dividend Advantage .0690 -
NGX Insured MA Tax-Free Advantage .0630 -
NUM MI Quality Income .0700 -
NMP MI Premium Income .0695 -
NZW MI Dividend Advantage .0670 -
NOM MO Premium Income .0650 -
NQJ NJ Investment Quality .0690 -
NNJ NJ Premium Income .0685 -
NXJ NJ Dividend Advantage .0695 -
NUJ NJ Dividend Advantage 2 .0715 -
NNC NC Premium Income .0620 -
NRB NC Dividend Advantage .0700 -
NNO NC Dividend Advantage 2 .0680 -
NII NC Dividend Advantage 3 .0660 -
NUO OH Quality Income .0750 -
NXI OH Dividend Advantage .0735 -
NBJ OH Dividend Advantage 2 .0700 -
NVJ OH Dividend Advantage 3 .0755 -
NQP PA Investment Quality .0755 -
NPY PA Premium Income 2 .0700 -
NXM PA Dividend Advantage .0725 -
NVY PA Dividend Advantage 2 .0745 -
NTX TX Quality Income .0715 -
NPV VA Premium Income .0670 -
NGB VA Dividend Advantage .0640 -
NNB VA Dividend Advantage 2 .0660 -

Closed-End Funds:

Change From

Ticker

Taxable Funds

AmountPrevious Month

Preferred Securities

JTP Quality Preferred Income Fund .0500 -
JPS Quality Preferred Income Fund 2 .0550 -
JHP Quality Preferred Income Fund 3 .0520 -

Floating Rate: Corporate Loans

NSL Senior Income Fund .0410 -
JFR Floating Rate Income Fund .0615 .0015
JRO Floating Rate Income Opportunity Fund .0665 -

Floating Rate: Tax Advantaged

JFP Tax-Advantaged Floating Rate Fund .0120 -

Mortgage-Backed Securities

JLS Mortgage Opportunity Term Fund .1725 -
JMT Mortgage Opportunity Term Fund 2 .1670 -
Change From

Taxable Municipal

AmountPrevious Month
NBB Nuveen Build America Bond Fund .1170 -
NBD Nuveen Build America Bond Opportunity Fund .1260 -
The following dates apply to today's distribution declarations for the following MTP Shares:
Record DateJune 15, 2011
Ex-Dividend DateJune 13, 2011
Payable DateJuly 1, 2011

Ticker

MuniFund Term Preferred

Monthly Tax-Free
Distribution Per
Share

NVG PrC Nuveen Insured Dividend Advantage Municipal Fund MTP .024583
NGB PrC Nuveen Virginia Dividend Advantage Municipal Fund MTP .023333
NNB PrC Nuveen Virginia Dividend Advantage Municipal Fund 2 MTP .023333
NAN PrC Nuveen New York Dividend Advantage Municipal Fund MTP .022500
NZH PrC Nuveen California Dividend Advantage Municipal Fund 3 MTP .024583
NEA PrC Nuveen Insured Tax-Free Advantage Municipal Fund MTP .023750
NKG PrC Nuveen Georgia Dividend Advantage Municipal Fund 2 MTP .022083
NMT PrC Nuveen Massachusetts Premium Income Municipal Fund MTP .022083
NMY PrC Nuveen Maryland Premium Income Municipal Fund MTP .022083
NNC PrC Nuveen North Carolina Premium Income Municipal Fund MTP .022083
NPV PrC Nuveen Virginia Premium Income Municipal Fund MTP .022083
NTC PrC Nuveen Connecticut Premium Income Municipal Fund MTP .022083
NII PrC Nuveen North Carolina Dividend Advantage Municipal Fund 3 MTP .022083
NGO PrC Nuveen Connecticut Dividend Advantage Municipal Fund 3 MTP .022083
NGX PrC Nuveen Insured Mass. Tax-Free Advantage Municipal Fund MTP .022083
NPG PrC Nuveen Georgia Premium Income Municipal Fund MTP .022083
NZX PrC Nuveen Georgia Dividend Advantage Municipal Fund MTP .022083
NWI PrC Nuveen Maryland Dividend Advantage Municipal Fund 3 MTP .022083
NAD PrC Nuveen Dividend Advantage Municipal Fund MTP .022500
NMB PrC Nuveen Massachusetts Dividend Advantage Municipal Fund MTP .021667
NRB PrC Nuveen North Carolina Dividend Advantage Municipal Fund MTP .021667
NNO PrC Nuveen North Carolina Dividend Advantage Municipal Fund 2 MTP .021667
NFC PrC Nuveen Connecticut Dividend Advantage Municipal Fund MTP .021667
NGK PrC Nuveen Connecticut Dividend Advantage Municipal Fund 2 MTP .021667
NXK PrC Nuveen New York Dividend Advantage Municipal Fund 2 MTP .021250
NRK PrC Nuveen Insured New York Tax Free Advantage Municipal Fund MTP .021250
NFM PrC Nuveen Maryland Dividend Advantage Municipal Fund MTP .021667
NZR PrC Nuveen Maryland Dividend Advantage Municipal Fund 2 MTP .021667
NCU PrC Nuveen California Premium Income Municipal Fund MTP .016667
NUJ PrC Nuveen New Jersey Dividend Advantage Municipal Fund 2 MTP .016667
NXM PrC Nuveen Pennsylvania Dividend Advantage Municipal Fund MTP .017500
NKR PrC Nuveen Arizona Dividend Advantage Municipal Fund 2 MTP .017083
NFZ PrC Nuveen Arizona Dividend Advantage Municipal Fund MTP .017083
NVX PrC Nuveen California Dividend Advantage Municipal Fund 2 MTP .017083
NVY PrC Nuveen Pennsylvania Dividend Advantage Municipal Fund 2 MTP .017917
NTX PrC Nuveen Texas Quality Income Municipal Fund MTP .019167
NOM PrC Nuveen Missouri Premium Income Municipal Fund MTP .017500
NZW PrC Nuveen Michigan Dividend Advantage Municipal Fund MTP .019167
NXI PrC Nuveen Ohio Dividend Advantage Municipal Fund MTP .019583
NAN PrD Nuveen New York Dividend Advantage Municipal Fund MTP .020833
NNC PrD Nuveen North Carolina Premium Income Municipal Fund MTP .021667
NTC PrD Nuveen Connecticut Premium Income Municipal Fund MTP .021250
NZF PrC Nuveen Dividend Advantage Municipal Fund 3 MTP .023333
NMT PrD Nuveen Massachusetts Premium Income Municipal Fund MTP .022917
NWI PrD Nuveen Maryland Dividend Advantage Municipal Fund 3 MTP .023750
NXE PrC Nuveen Arizona Dividend Advantage Municipal Fund 3 MTP .024167
NPV PrA Nuveen Virginia Premium Income Municipal Fund MTP .018750
NMY PrD Nuveen Maryland Premium Income Municipal Fund MTP .024167
NXI PrD Nuveen Ohio Dividend Advantage Municipal Fund MTP .024583
NXJ PrA Nuveen New Jersey Dividend Advantage Municipal Fund MTP .019167
NVX PrA Nuveen California Dividend Advantage Municipal Fund 2 MTP .019583
NBJ PrA Nuveen Ohio Dividend Advantage Municipal Fund 2 MTP .019583
NZH PrA Nuveen California Dividend Advantage Municipal Fund 3 MTP .019583
NVJ PrA Nuveen Ohio Dividend Advantage Municipal Fund 3 MTP .019583

Nuveen Investments provides high quality investment services designed to help secure the long-term goals of institutions, high net worth and affluent 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 - NWQ, Nuveen Asset Management, Santa Barbara, Symphony, Tradewinds and Winslow Capital. In total, Nuveen Investments had $212 billion of assets under management as of April 30, 2011. For more information, please visit the Nuveen Investments website at www.nuveen.com.

Contacts:

Nuveen Investments
Media Contact:
Kristyna Sujata, (312) 917-8343
kristyna.sujata@nuveen.com
or
Investors Contact:
(877) 622-7530
Related Stocks:
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