Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today declared regular quarterly distributions for 14 Nuveen closed-end funds. These funds represent a broad range of investment strategies for investors seeking to build sophisticated and diversified long-term investment portfolios to deliver cash flow.
Each of the 14 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, as well as estimates of the tax characteristics of each fund’s distribution sources, reflecting year-to-date cumulative experience will be sent to shareholders with their distributions, and posted 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.
Distributions 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. Most of Nuveen’s managed distribution funds may invest in REITs. The final determination of the source and tax characteristics of all distributions will be made early in the calendar year and reported to shareholders on Form 1099-DIV and the Nuveen web site at that time.
The following dates apply to today’s distribution declarations:
|Record Date||June 15, 2009|
|Ex-Dividend Date||June 11, 2009|
|Payable Date||July 1, 2009|
Quarterly Distribution Per Share
|JGV||Nuveen Global Value Opportunities Fund||.2660||-|
|JTA||Tax-Advantaged Total Return Strategy Fund||.2300||-|
|JTD||Nuveen Tax-Advantaged Dividend Growth Fund||.2500||-|
|JCE||Core Equity Alpha Fund||.2700||-|
|JRS||Real Estate Income Fund||.2200||(.0500)|
|JPZ||Equity Premium Income Fund||.3200||(.0100)|
|JSN||Equity Premium Opportunity Fund||.3360||-|
|JLA||Equity Premium Advantage Fund||.3310||-|
|JPG||Equity Premium and Growth Fund||.2800||-|
|JDD||Diversified Dividend and Income Fund||.2100||-|
|JPC||Multi-Strategy Income and Growth Fund||.1450||(.0100)|
|JQC||Multi-Strategy Income and Growth Fund 2||.1500||(.0100)|
|JGG||Global Government Enhanced Income Fund||.3900||-|
|JGT||Nuveen Multi-Currency Short-Term Govt Income Fund||.3770||-|
Nuveen Investments provides high quality investment services designed to help secure the long-term goals of institutions and high net worth investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets its growing range of specialized investment solutions under the high-quality brands of HydePark, NWQ, Nuveen, Santa Barbara, Symphony, Tradewinds and Winslow Capital. In total, the Company managed $115 billion of assets on March 31, 2009.