Market Overview

Nuveen Closed-End Funds Declare Distributions

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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
  • Four Funds Declare Regular Quarterly Distributions

Several Nuveen closed-end funds have declared distributions. These funds
represent investment strategies for investors seeking diversified
sources of income 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     December 14, 2018
Ex-Dividend Date December 13, 2018
Payable Date December 31, 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 -
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 -
NEV NYSE Nuveen Enhanced Municipal Value Fund $.0565 -
NID NYSE Nuveen Intermediate Duration Municipal Term Fund $.0425 -
NIQ NYSE Nuveen Intermediate Duration Quality Municipal Term Fund $.0295 -
NHA NYSE Nuveen Municipal 2021 Target Term Fund $.0150 -
NEA NYSE Nuveen AMT-Free Quality Municipal Income Fund $.0535 -
NAD NYSE Nuveen Quality Municipal Income Fund $.0535 -

California

NAC NYSE Nuveen California Quality Municipal Income Fund $.0555 -
NKX NYSE Nuveen California AMT-Free Quality Municipal Income Fund $.0515 -
NCA NYSE Nuveen California Municipal Value Fund, Inc. $.0285 -
NXC NYSE Nuveen California Select Tax-Free Income Portfolio $.0410 -.0030
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 $.0415 -.0025
NTC NYSE Nuveen Connecticut Quality Municipal Income Fund $.0410 -
NKG NYSE Nuveen Georgia Quality Municipal Income Fund $.0345 -
NMT NYSE Nuveen Massachusetts Quality Municipal Income Fund $.0410 -
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 -
NOM NYSE Nuveen Missouri Quality Municipal Income Fund $.0430 -
NNC NYSE Nuveen North Carolina Quality Municipal Income Fund $.0360 -
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 -
NQP NYSE Nuveen Pennsylvania Quality Municipal Income Fund $.0470 -
NPN NYSE Nuveen Pennsylvania Municipal Value Fund $.0405 -
NTX NYSE Nuveen Texas Quality Municipal Income Fund $.0445 -
NPV NYSE Nuveen Virginia Quality Municipal Income Fund $.0435 -
 

Monthly Taxable Distributions

     
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 -
JFR NYSE Nuveen Floating Rate Income Fund $.0600 -
JRO NYSE Nuveen Floating Rate Income Opportunity Fund $.0605 -
JSD NYSE Nuveen Short Duration Credit Opportunities Fund $.1035 -
JQC NYSE Nuveen Credit Strategies Income Fund $.0385 -

Mortgage-Backed Securities

JMM NYSE Nuveen Multi-Market Income Fund $.0300 -

Taxable Municipals

NBB NYSE Nuveen Taxable Municipal Income Fund $.1030 -

Emerging Markets Debt

JEMD NYSE Nuveen Emerging Markets Debt 2022 Target Term Fund $.0375 -

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 -
JHD NYSE Nuveen High Income December 2019 Target Term Fund $.0325 -$.0025
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     December 14, 2018
Ex-Dividend Date December 13, 2018
Payable Date December 31, 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 four 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     December 14, 2018
Ex-Dividend Date December 13, 2018
Payable Date December 31, 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 -

Multi-Strategy

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

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.

683248-INV-O-12/19

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