Market Overview

Nuveen Closed-End Funds Declare Distributions

Share:

Distributions Highlight Nuveen's Broad Range of Strategies for
Income-Seeking Investors

  • Regular Monthly Tax-Exempt and Taxable Fund Distributions
  • Three Funds Declare Monthly Cash-Flow Based Distributions
  • Six Funds Declare Regular Quarterly Distributions

Several Nuveen closed-end funds have declared distributions. These funds
represent investment strategies for investors seeking diversified
sources of cash flow to prepare for and sustain their retirement income
needs. For further information regarding fund distributions including
earnings, undistributed net investment income, and notices please visit http://www.nuveen.com/cef.

The following dates apply to today's monthly distribution declarations
for the following tax-exempt and taxable closed-end funds:

Record Date   September 14, 2018
Ex-Dividend Date September 13, 2018
Payable Date October 1, 2018

Monthly Tax-Exempt Municipal Distributions

Monthly distributions from Nuveen's municipal bond closed-end funds are
generally exempt from regular Federal income taxes, and monthly
distributions of single-state municipal funds are also generally 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 may be subject to the Federal
Alternative Minimum Tax for some shareholders.

      Monthly Tax-Free Distribution Per Share
  Change From

Ticker

Exchange

Fund Name

Amount   Previous Month

National

NXP NYSE Nuveen Select Tax-Free Income Portfolio $.0455 -
NXQ NYSE Nuveen Select Tax-Free Income Portfolio 2 $.0420 -
NXR NYSE Nuveen Select Tax-Free Income Portfolio 3 $.0435 -
NUV NYSE Nuveen Municipal Value Fund, Inc. $.0310 -
NUW NYSE Nuveen AMT-Free Municipal Value Fund $.0560 -
NMI NYSE Nuveen Municipal Income Fund, Inc. $.0360 -
NIM NYSE Nuveen Select Maturities Municipal Fund $.0265

$.0005

NZF NYSE Nuveen Municipal Credit Income Fund $.0660 -
NVG NYSE Nuveen AMT-Free Municipal Credit Income Fund $.0655 -
NMZ NYSE Nuveen Municipal High Income Opportunity Fund $.0565 -$.0035
NEV NYSE Nuveen Enhanced Municipal Value Fund $.0565 -$.0055
NID NYSE Nuveen Intermediate Duration Municipal Term Fund $.0425 -
NIQ NYSE Nuveen Intermediate Duration Quality Municipal Term Fund $.0295 -$.0035
NHA NYSE Nuveen Municipal 2021 Target Term Fund $.0150 -$.0015
NEA NYSE Nuveen AMT-Free Quality Municipal Income Fund $.0535 -
NAD NYSE Nuveen Quality Municipal Income Fund $.0535 -$.0040

California

NAC NYSE Nuveen California Quality Municipal Income Fund $.0555 -
NKX NYSE Nuveen California AMT-Free Quality Municipal Income Fund $.0515 -$.0045
NCA NYSE Nuveen California Municipal Value Fund, Inc. $.0285 -
NXC NYSE Nuveen California Select Tax-Free Income Portfolio $.0440 -
NCB NYSE Nuveen California Municipal Value Fund 2 $.0540 -

New York

NRK NYSE Nuveen New York AMT-Free Quality Municipal Income Fund $.0450 -
NAN NYSE Nuveen New York Quality Municipal Income Fund $.0480 -
NXN NYSE Nuveen New York Select Tax-Free Income Portfolio $.0420 -
NNY NYSE Nuveen New York Municipal Value Fund, Inc. $.0300 -
NYV NYSE Nuveen New York Municipal Value Fund 2 $.0425 -

Other State Funds

-
NAZ NYSE Nuveen Arizona Quality Municipal Income Fund $.0440 -
NTC NYSE Nuveen Connecticut Quality Municipal Income Fund $.0410 -
NKG NYSE Nuveen Georgia Quality Municipal Income Fund $.0345 -$.0035
NMT NYSE Nuveen Massachusetts Quality Municipal Income Fund $.0410 -$.0035
NMY NYSE Nuveen Maryland Quality Municipal Income Fund $.0440 -
NUM NYSE Nuveen Michigan Quality Municipal Income Fund $.0445 -
NMS NYSE Nuveen Minnesota Quality Municipal Income Fund $.0510 -$.0040
NOM NYSE Nuveen Missouri Quality Municipal Income Fund $.0430 -
NNC NYSE Nuveen North Carolina Quality Municipal Income Fund $.0360 -$.0030
NXJ NYSE Nuveen New Jersey Quality Municipal Income Fund $.0545 -
NJV NYSE Nuveen New Jersey Municipal Value Fund $.0450 -
NUO NYSE Nuveen Ohio Quality Municipal Income Fund $.0455 -$.0030
NQP NYSE Nuveen Pennsylvania Quality Municipal Income Fund $.0470 -$.0035
NPN NYSE Nuveen Pennsylvania Municipal Value Fund $.0405 -$.0025
NTX NYSE Nuveen Texas Quality Municipal Income Fund $.0445 -
NPV NYSE Nuveen Virginia Quality Municipal Income Fund $.0435 -$.0025
      Monthly Distribution Per Share
  Change From

Ticker

Exchange

Fund Name

Amount   Previous Month

Preferred and Income Securities

JPC NYSE Nuveen Preferred & Income Opportunities Fund $.0610 -
JPI NYSE Nuveen Preferred and Income Term Fund $.1355 -
JPS NYSE Nuveen Preferred & Income Securities Fund $.0560 -
JPT NYSE Nuveen Preferred and Income 2022 Term Fund $.1185 -

Floating Rate

NSL NYSE Nuveen Senior Income Fund $.0355 $.0020
JFR NYSE Nuveen Floating Rate Income Fund $.0600 $.0025
JRO NYSE Nuveen Floating Rate Income Opportunity Fund $.0605 $.0025
JSD NYSE Nuveen Short Duration Credit Opportunities Fund $.1035 $.0030
JQC NYSE Nuveen Credit Strategies Income Fund $.0385 $.0015
Mortgage-Backed Securities
JMM NYSE Nuveen Multi-Market Income Fund $.0300 -

Taxable Municipals

NBB NYSE Nuveen Build America Bond Fund $.1030 -
NBD NYSE Nuveen Build America Bond Opportunity Fund $.0955 -

Emerging Markets Debt

JEMD NYSE Nuveen Emerging Markets Debt 2022 Target Term Fund $.0435 -

Global High Yield Debt

JGH NYSE Nuveen Global High Income Fund $.1070 -

Corporate High Yield Debt

JHY NYSE Nuveen High Income 2020 Target Term Fund $.0390 -$.0030
JHA NYSE Nuveen High Income December 2018 Target Term Fund $.0270 -
JHD NYSE Nuveen High Income December 2019 Target Term Fund $.0350 -
JHB NYSE Nuveen High Income November 2021 Target Term Fund $.0465 -
JCO NYSE Nuveen Credit Opportunities 2022 Target Term Fund $.0470 -

Monthly Cash-Flow Based Distributions

Each of the three taxable funds listed immediately below have adopted a
cash-flow based distribution program. Historical distribution sources
have included net investment income, realized gains and return of
capital. If a distribution includes anything other than net investment
income, the fund provides a notice of the best estimate of its
distribution sources at the time of payment which may be viewed at: www.nuveen.com/CEFdistributions.
These estimates may not match the final tax characterization (for the
full year's distributions) contained in shareholders' 1099-DIV forms
after the end of the year.

You should not draw any conclusions about a fund's past or future
investment performance from its current distribution rate.

The following dates apply to today's monthly cash-flow based
distribution declarations for the following closed-end funds:

Record Date   September 14, 2018
Ex-Dividend Date September 13, 2018
Payable Date October 1, 2018
      Monthly Distribution Per Share
  Change From

Ticker

Exchange

Fund Name

Amount   Previous Month

Mortgage-Backed Securities

JLS NYSE Nuveen Mortgage Opportunity Term Fund $.1135 -
JMT NYSE Nuveen Mortgage Opportunity Term Fund 2 $.1125 -

Real Assets

JRI NYSE Nuveen Real Asset Income and Growth Fund $.1060 -

Quarterly Taxable Closed-End Fund Distributions

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, historical distribution sources have
included net investment income, realized gains and return of capital. If
a distribution includes anything other than net investment income, the
fund provides a notice of the best estimate of its distribution sources
at that time which may be viewed at www.nuveen.com/CEFdistributions.
These estimates may not match the final tax characterization (for the
full year's distributions) contained in shareholders' 1099-DIV forms
after the end of the year.

Under a Managed Distribution policy, each of the eight funds listed
immediately below seeks to maintain an attractive and stable regular
distribution amount that, over the long term, matches the fund's total
distributions paid to its total return. You should not draw any
conclusions about a fund's past or future investment performance from
its current distribution rate. Actual returns likely 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.

  • A return of capital is a non-taxable distribution of a portion of the
    fund's capital. When fund returns exceed distributions, return of
    capital 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.
  • For additional information about managed distributions, please see
    Understanding Managed Distributions.

The following dates apply to today's quarterly managed distribution
declarations for the following closed-end funds:

Record Date   September 14, 2018
Ex-Dividend Date September 13, 2018
Payable Date October 1, 2018
      Quarterly Distribution Per Share
  Change From

Ticker

Exchange

Fund Name

Amount   Previous Quarter

Hybrid Equity

JTA NYSE Nuveen Tax-Advantaged Total Return Strategy Fund $.2700 -
JTD NYSE Nuveen Tax-Advantaged Dividend Growth Fund $.3350 -

Domestic Equity

JCE NYSE Nuveen Core Equity Alpha Fund $.2775 -

Covered Call

DIAX NYSE Nuveen Dow 30SM Dynamic Overwrite Fund $.3100 -
BXMX NYSE Nuveen S&P 500 Buy-Write Income Fund $.2450 -

Multi-Strategy

JDD NYSE Nuveen Diversified Dividend and Income Fund $.2400 -

Nuveen, the investment manager of TIAA, offers a comprehensive range of
outcome-focused investment solutions designed to secure the long-term
financial goals of institutional and individual investors. Nuveen has
$973 billion in assets under management as of 6/30/18 and operations in
16 countries. Its affiliates offer deep expertise across a comprehensive
range of traditional and alternative investments through a wide array of
vehicles and customized strategies. For more information, please visit www.nuveen.com.

The information contained on the Nuveen website is not a part of this
press release. Nuveen Securities, LLC, member FINRA and SIPC.

* Nuveen does not provide tax advice; consult a professional tax advisor
regarding your specific tax situation. Income may be subject to state
and local taxes, as well as the federal alternative minimum tax.

594763-INV-O-09/20

View Comments and Join the Discussion!