Nuveen Investments, a leading provider of diversified investment services, today announced 105 Nuveen closed-end funds and portfolios have declared regular monthly dividends and distributions. These funds represent a broad range of tax-exempt and 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 declared below.
On March 1, 2007, Nuveen announced 11 taxable closed-end funds will move to a quarterly distribution schedule. Quarterly distributions are expected to be declared and announced on June 1, 2007 and paid on July 2, 2007. For more complete information on the affected funds' new distribution schedule visit
http://www.nuveen.com/etf/web_files/Closed-End%20Exchange-traded%2 0Funds/March%201%20Dividend%20Release.pdf (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
Monthly dividends from Nuveen's municipal closed-end funds and portfolios are exempt from regular Federal income taxes, and monthly dividends 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 dividends 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 dividends or distributions at rates that reflect each fund's past results and projected future performance. During certain periods, each fund may pay dividends 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 dividends, 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 dividends 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 dividends 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
Dividends and distributions from Nuveen's taxable closed-end funds are generally subject to Federal income taxes. Additionally, smaller portions of the monthly dividend for the Nuveen Quality Preferred Income Fund (JTP), Nuveen Quality Preferred Income Fund 2 (JPS) and Nuveen Quality Preferred Income Fund 3 (JHP) may later be characterized as capital gains and/or a return of capital depending on the character of dividends reported to these funds after year-end by real estate investment trusts (REITs) whose securities are held by the fund.
The following dates apply to today's dividend and distribution declarations:
Record Date | May 15, 2007 | ||||||||||||||||||||||||||||||||||
Ex-Dividend Date | May 11, 2007 | ||||||||||||||||||||||||||||||||||
Payable Date | June 1, 2007 | ||||||||||||||||||||||||||||||||||
Tax-Free Dividends Per Share | |||||||||||||||||||||||||||||||||||
Amount | Change From Previous Month | ||||||||||||||||||||||||||||||||||
Ticker | Closed-End Portfolios | ||||||||||||||||||||||||||||||||||
NXP | Select Portfolio | $.0570 | - | ||||||||||||||||||||||||||||||||
NXQ | Select Portfolio 2 | .0530 | - | ||||||||||||||||||||||||||||||||
NXR | Select Portfolio 3 | .0535 | - | ||||||||||||||||||||||||||||||||
NXC | CA Select Portfolio | .0530 | - | ||||||||||||||||||||||||||||||||
NXN | NY Select Portfolio | .0510 | - | ||||||||||||||||||||||||||||||||
Closed-End Funds: | |||||||||||||||||||||||||||||||||||
Non-Leveraged Funds | |||||||||||||||||||||||||||||||||||
NUV | Municipal Value | .0390 | - | ||||||||||||||||||||||||||||||||
NCA | CA Municipal Value | .0385 | - | ||||||||||||||||||||||||||||||||
NNY | NY Municipal Value | .0355 | - | ||||||||||||||||||||||||||||||||
NMI | Municipal Income | .0420 | - | ||||||||||||||||||||||||||||||||
NIM | Select Maturities | .0365 | - | ||||||||||||||||||||||||||||||||
Leveraged Funds | |||||||||||||||||||||||||||||||||||
National | |||||||||||||||||||||||||||||||||||
NPI | Premium Income | .0590 | - | ||||||||||||||||||||||||||||||||
NPP | Performance Plus | .0640 | - | ||||||||||||||||||||||||||||||||
NMA | Advantage | .0715 | - | ||||||||||||||||||||||||||||||||
NMO | Market Opportunity | .0635 | - | ||||||||||||||||||||||||||||||||
NQM | Investment Quality | .0675 | - | ||||||||||||||||||||||||||||||||
NQI | Insured Quality | .0605 | - | ||||||||||||||||||||||||||||||||
NQS | Select Quality | .0705 | - | ||||||||||||||||||||||||||||||||
NQU | Quality Income | .0635 | - | ||||||||||||||||||||||||||||||||
NIO | Insured Opportunity | .0615 | - | ||||||||||||||||||||||||||||||||
NPF | Premier | .0560 | - | ||||||||||||||||||||||||||||||||
NIF | Premier Insured | .0610 | - | ||||||||||||||||||||||||||||||||
NPM | Premium Income 2 | .0575 | - | ||||||||||||||||||||||||||||||||
NPT | Premium Income 4 | .0545 | - | ||||||||||||||||||||||||||||||||
NPX | Insured Premium 2 | .0540 | - | ||||||||||||||||||||||||||||||||
NAD | Dividend Advantage | .0665 | - | ||||||||||||||||||||||||||||||||
NXZ | Dividend Advantage 2 | .0765 | - | ||||||||||||||||||||||||||||||||
NZF | Dividend Advantage 3 | .0705 | - | ||||||||||||||||||||||||||||||||
NVG | Insured Dividend Advantage | .0640 | - | ||||||||||||||||||||||||||||||||
NEA | Insured Tax-Free Advantage | .0590 | - | ||||||||||||||||||||||||||||||||
NMZ | High Income Opportunity Fund | .0815 | - | ||||||||||||||||||||||||||||||||
California | |||||||||||||||||||||||||||||||||||
NCP | Performance Plus | .0595 | - | ||||||||||||||||||||||||||||||||
NCO | Market Opportunity | .0640 | - | ||||||||||||||||||||||||||||||||
NQC | Investment Quality | .0585 | - | ||||||||||||||||||||||||||||||||
NVC | Select Quality | .0610 | - | ||||||||||||||||||||||||||||||||
NUC | Quality Income | .0625 | - | ||||||||||||||||||||||||||||||||
NPC | Insured Premium Income | .0605 | - | ||||||||||||||||||||||||||||||||
NCL | Insured Premium Income 2 | .0560 | - | ||||||||||||||||||||||||||||||||
NCU | Premium Income | .0565 | - | ||||||||||||||||||||||||||||||||
NAC | Dividend Advantage | .0650 | - | ||||||||||||||||||||||||||||||||
NVX | Dividend Advantage 2 | .0630 | - | ||||||||||||||||||||||||||||||||
NZH | Dividend Advantage 3 | .0630 | - | ||||||||||||||||||||||||||||||||
NKL | Insured Dividend Advantage | .0650 | - | ||||||||||||||||||||||||||||||||
NKX | Insured Tax-Free Advantage | .0590 | - | ||||||||||||||||||||||||||||||||
Florida | |||||||||||||||||||||||||||||||||||
NQF | Investment Quality | .0575 | - | ||||||||||||||||||||||||||||||||
NUF | Quality Income | .0550 | - | ||||||||||||||||||||||||||||||||
NFL | Insured Premium Income | .0605 | - | ||||||||||||||||||||||||||||||||
NWF | Insured Tax-Free Advantage | .0545 | - | ||||||||||||||||||||||||||||||||
New York | |||||||||||||||||||||||||||||||||||
NNP | Performance Plus | .0640 | - | ||||||||||||||||||||||||||||||||
NQN | Investment Quality | .0555 | - | ||||||||||||||||||||||||||||||||
NVN | Select Quality | .0595 | - | ||||||||||||||||||||||||||||||||
NUN | Quality Income | .0540 | - | ||||||||||||||||||||||||||||||||
NNF | Insured Premium Income | .0570 | - | ||||||||||||||||||||||||||||||||
NAN | Dividend Advantage | .0630 | - | ||||||||||||||||||||||||||||||||
NXK | Dividend Advantage 2 | .0630 | - | ||||||||||||||||||||||||||||||||
NKO | Insured Dividend Advantage | .0615 | - | ||||||||||||||||||||||||||||||||
NRK | Insured Tax-Free Advantage | .0545 | - | ||||||||||||||||||||||||||||||||
Other State Funds | |||||||||||||||||||||||||||||||||||
NAZ | AZ Premium Income | .0510 | - | ||||||||||||||||||||||||||||||||
NFZ | AZ Dividend Advantage | .0585 | - | ||||||||||||||||||||||||||||||||
NKR | AZ Dividend Advantage 2 | .0615 | - | ||||||||||||||||||||||||||||||||
NXE | AZ Dividend Advantage 3 | .0545 | - | ||||||||||||||||||||||||||||||||
NTC | CT Premium Income | .0520 | - | ||||||||||||||||||||||||||||||||
NFC | CT Dividend Advantage | .0580 | - | ||||||||||||||||||||||||||||||||
NGK | CT Dividend Advantage 2 | .0580 | - | ||||||||||||||||||||||||||||||||
NGO | CT Dividend Advantage 3 | .0520 | - | ||||||||||||||||||||||||||||||||
NPG | GA Premium Income | .0530 | - | ||||||||||||||||||||||||||||||||
NZX | GA Dividend Advantage | .0600 | - | ||||||||||||||||||||||||||||||||
NKG | GA Dividend Advantage 2 | .0530 | - | ||||||||||||||||||||||||||||||||
NMY | MD Premium Income | .0550 | - | ||||||||||||||||||||||||||||||||
NFM | MD Dividend Advantage | .0615 | - | ||||||||||||||||||||||||||||||||
NZR | MD Dividend Advantage 2 | .0615 | - | ||||||||||||||||||||||||||||||||
NWI | MD Dividend Advantage 3 | .0555 | - | ||||||||||||||||||||||||||||||||
NMT | MA Premium Income | .0535 | - | ||||||||||||||||||||||||||||||||
NMB | MA Dividend Advantage | .0595 | - | ||||||||||||||||||||||||||||||||
NGX | Insured MA Tax-Free Advantage | .0525 | - | ||||||||||||||||||||||||||||||||
NUM | MI Quality Income | .0590 | - | ||||||||||||||||||||||||||||||||
NMP | MI Premium Income | .0580 | - | ||||||||||||||||||||||||||||||||
NZW | MI Dividend Advantage | .0645 | - | ||||||||||||||||||||||||||||||||
NOM | MO Premium Income | .0575 | - | ||||||||||||||||||||||||||||||||
NQJ | NJ Investment Quality | .0545 | - | ||||||||||||||||||||||||||||||||
NNJ | NJ Premium Income | .0575 | - | ||||||||||||||||||||||||||||||||
NXJ | NJ Dividend Advantage | .0620 | - | ||||||||||||||||||||||||||||||||
NUJ | NJ Dividend Advantage 2 | .0660 | - | ||||||||||||||||||||||||||||||||
NNC | NC Premium Income | .0520 | - | ||||||||||||||||||||||||||||||||
NRB | NC Dividend Advantage | .0635 | - | ||||||||||||||||||||||||||||||||
NNO | NC Dividend Advantage 2 | .0580 | - | ||||||||||||||||||||||||||||||||
NII | Share
© Business Wire - 2007
Nuveen Select Tax-Free Income Portfolio (the Fund) is a diversified closed-end management investment company. The Fundâs investment objective is to provide current income exempt from regular federal income tax, consistent with preservation of capital. The Fund will invest at least 80% of its Assets in municipal securities and other related investments, the income from which is exempt from regular federal income tax and federal alternative minimum tax. The Fund may invest up to 20% of its Managed Assets in municipal securities that at the time of investment are rated below investment grade or are unrated. The Fund may invest up to 15% of its Managed Assets in inverse floating rate securities. The Fund may invest up to 10% of its Managed Assets in securities of other open-or closed-end investment companies (including ETFs) that invest primarily in municipal securities of the types in which the Fund may invest directly. The Fund's investment advisor is Nuveen Fund Advisors, LLC.
SellBuy Mean consensus HOLD Number of Analysts 1 Last Close Price
14.59
Average target price -
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