Nuveen Investments, a leading global provider of investment services to institutions, high-net-worth and affluent 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 2010 and reported to shareholders on Form 1099-DIV at that time.
The following dates apply to today’s distribution declarations:
|Record Date||September 15, 2011|
|Ex-Dividend Date||September 13, 2011|
|Payable Date||October 3, 2011|
|Reinvest Date||October 3, 2011|
|Distribution Per Share|
|JGV||Global Value Opportunities Fund||.3450||-|
|JTA||Tax-Advantaged Total Return Strategy Fund||.2200||(.0100)|
|JTD||Tax-Advantaged Dividend Growth Fund||.2600||-|
|JCE||Core Equity Alpha Fund||.2700||-|
|QQQX||NASDAQ Premium Income & Growth||.3020||(.0140)|
|JRS||Real Estate Income Fund||.2300||-|
|JPZ||Equity Premium Income Fund||.2850||(.0180)|
|JSN||Equity Premium Opportunity Fund||.2950||(.0200)|
|JLA||Equity Premium Advantage Fund||.2990||(.0180)|
|JPG||Equity Premium and Growth Fund||.2800||-|
|DPD||Dow 30SM Premium & Dividend Income Fund Inc.,||.2800||(.0290)|
|DPO||Dow 30SM Enhanced Premium and Income Fund Inc.||.2300||(.0250)|
|JDD||Diversified Dividend and Income Fund||.2500||-|
|JPC||Multi-Strategy Income and Growth Fund||.1900||-|
|JQC||Multi-Strategy Income and Growth Fund 2||.2000||-|
|JGG||Global Government Enhanced Income Fund||.3100||(.0200)|
|JGT||Multi-Currency Short-Term Govt Income Fund||.3300||-|
|GCF||Global Income and Currency||.2250||-|
* This represents a managed distribution amount. A description of each fund’s managed distribution program appears in the text preceding the table.
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 $210 billion of assets under management as of June 30, 2011. For more information, please visit the Nuveen Investments website at www.nuveen.com.