Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced distributions for four Nuveen New Jersey municipal closed-end funds. The specific distribution dates and amounts are detailed below. The reorganization is expected to take place after the close of business on November 7, 2014, effective November 10, 2014. The shareholders of these funds have approved the following reorganization of their funds into a single, larger fund as previously announced. The merger is intended to create a single state fund with lower operating expenses and increased trading volume on the exchange for common shares.
In connection with the shareholder approval, the funds will be merged as follows:
Acquired Fund | Symbol | Acquiring Fund | Symbol | |||
• Nuveen New Jersey Investment | NQJ | |||||
Nuveen New Jersey | ||||||
• Nuveen New Jersey Premium | NNJ | Dividend Advantage | NXJ | |||
Municipal Fund | ||||||
• Nuveen New Jersey Dividend | NUJ | |||||
The following dates apply to distribution declarations for the following Closed-End Funds:
Record Date | November 7, 2014 | |||||
Ex-Dividend Date | November 5, 2014 | |||||
Payable Date | December 1, 2014 | |||||
Reinvest Date | December 1, 2014 | |||||
Per Share Distribution Amount | ||||||
Tax-Exempt | ||||||
Ticker | Fund Name | Income | ||||
NXJ | NJ Dividend Advantage | $.0625 | ||||
NQJ | NJ Investment Quality | $.1428 | ||||
NNJ | NJ Premium Income | $.1405 | ||||
NUJ | NJ Dividend Advantage 2 | $.0789 | ||||
The following dates apply to today's distribution declarations for the following MTP Shares:
Record Date | November 7, 2014 | |||
Ex-Dividend Date | November 5, 2014 | |||
Payable Date | December 1, 2014 | |||
Ticker | MuniFund Term Preferred | Monthly Tax-Free | ||
NUJ PrC | Nuveen New Jersey Dividend Advantage Municipal Fund 2 MTP | $0.0050000 | ||
Regulations require that acquired funds in any reorganization fully distribute any accumulated undistributed net investment income (UNII) prior to effecting the reorganization.
For more information about UNII, each fund, and the shareholder-approved reorganization, please visit http://www.nuveen.com/CEF.
Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutional and individual 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—Nuveen Asset Management, LLC, Symphony Asset Management LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital Management, LLC and Gresham Investment Management LLC, all of which are registered investment advisers and independent investment subsidiaries of Nuveen Investments, Inc. Funds distributed by Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc. In total, Nuveen Investments managed $231 billion as of June 30, 2014. For more information, please visit the Nuveen Investments website at www.nuveen.com.
FORWARD LOOKING STATEMENTS
Certain statements made in this release are forward-looking statements. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements due to numerous factors. These include, but are not limited to:
- market developments;
- legal and regulatory developments; and
-
other additional risks and uncertainties.
Nuveen and the closed-end funds managed by Nuveen and its affiliates undertake no responsibility to update publicly or revise any forward-looking statements.
4079-INV-O10/15
Contacts:
Media Contact:
Kristyna Munoz
(312)
917-8343
kristyna.munoz@nuveen.com