Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Nuveen Closed-End Funds Declare Distributions By: Nuveen via Business Wire June 03, 2024 at 16:45 PM EDT 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 www.nuveen.com/cef. Additionally, several funds have announced distribution increases of up to 71%. The distribution changes are the latest in a series of actions intended to help support secondary market trading in fund shares, enhance shareholder value and improve each fund’s discount to NAV. It is anticipated that to maintain the declared distribution rates, certain funds may make distributions from sources other than net investment income. In this regard, the source of regular distributions may include a return of capital. Additional information about the increased distributions is available here. Shareholders can expect regular distribution information to be posted on www.nuveen.com on the first business day of each month. To ensure that our shareholders have access to the latest information, timely distribution and fund updates can be subscribed to at www.nuveen.com/subscriptions, under the closed-end funds tab of the Product Documents section. You can also follow updates by navigating to the Closed-End Fund section of our Resource Center, located at www.nuveen.com/resource-center. Monthly & Quarterly Distributions The funds listed in the tables below have adopted a policy to make regular monthly or quarterly cash distributions to holders of its common shares (stated in terms of a fixed cents per common share dividend distribution rate which may be set from time to time). Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly or quarterly distribution and to distribute realized capital gains at least annually. In addition, in any monthly or quarterly period, to maintain its declared per common share distribution amount, each Fund may distribute more or less than its net investment income during the period. In the event a Fund distributes more than its net investment income during any yearly period, such distributions may also include realized gains and/or a return of capital. To the extent that a distribution includes a return of capital the NAV per share may erode. 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 the distribution 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 the Fund’s investment performance from the amount of the distribution. A distribution including return of capital does not necessarily reflect a Fund’s investment performance and should not be confused with “yield” or “income.” The following dates apply to today's distribution declarations for the following closed-end funds: Record Date June 14, 2024 Ex-Dividend Date June 14, 2024 Payable Date July 1, 2024 Monthly Distribution Per Share Change From Percentage Change From Ticker Exchange Fund Name Amount Previous Month Previous Month NXP NYSE Nuveen Select Tax-Free Income Portfolio $0.0520 $0.0035 7% NUV NYSE Nuveen Municipal Value Fund, Inc. $0.0290 - - NUW NYSE Nuveen AMT-Free Municipal Value Fund $0.0425 - - NMI NYSE Nuveen Municipal Income Fund, Inc. $0.0360 - - NIM NYSE Nuveen Select Maturities Municipal Fund $0.0275 $0.0015 6% NAD NYSE Nuveen Quality Municipal Income Fund $0.0755 $0.0235 45% NEA NYSE Nuveen AMT-Free Quality Municipal Income Fund $0.0730 $0.0225 45% NVG NYSE Nuveen AMT-Free Municipal Credit Income Fund $0.0790 $0.0215 37% NMCO NYSE Nuveen Municipal Credit Opportunities Fund $0.0685 $0.0185 37% NZF NYSE Nuveen Municipal Credit Income Fund $0.0795 $0.0220 38% NMZ NYSE Nuveen Municipal High Income Opportunity Fund $0.0655 $0.0180 38% NDMO NYSE Nuveen Dynamic Municipal Opportunities Fund $0.0620 - - California Municipal NCA NYSE Nuveen California Municipal Value Fund $0.0290 - - NXC NYSE Nuveen California Select Tax-Free Income Portfolio $0.0455 - - NAC NYSE Nuveen California Quality Municipal Income Fund $0.0735 $0.0245 50% NKX NYSE Nuveen California AMT-Free Quality Municipal Income Fund $0.0760 $0.0250 49% New York Municipal NXN NYSE Nuveen New York Select Tax-Free Income Portfolio $0.0410 - - NNY NYSE Nuveen New York Municipal Value Fund $0.0280 - - NRK NYSE Nuveen New York AMT-Free Quality Municipal Income Fund $0.0690 $0.0225 48% NAN NYSE Nuveen New York Quality Municipal Income Fund $0.0720 $0.0235 48% Other State Municipal Funds NAZ NYSE Nuveen Arizona Quality Municipal Income Fund $0.0725 $0.0300 71% NMT NYSE Nuveen Massachusetts Quality Municipal Income Fund $0.0710 $0.0295 71% NMS NYSE Nuveen Minnesota Quality Municipal Income Fund $0.0735 $0.0235 47% NOM NYSE Nuveen Missouri Quality Municipal Income Fund $0.0675 $0.0280 71% NXJ NYSE Nuveen New Jersey Quality Municipal Income Fund $0.0785 $0.0320 69% NQP NYSE Nuveen Pennsylvania Quality Municipal Income Fund $0.0780 $0.0325 71% NPV NYSE Nuveen Virginia Quality Municipal Income Fund $0.0720 $0.0270 60% Preferred and Income Securities JPI NYSE Nuveen Preferred and Income Term Fund $0.0980 - - JPC NYSE Nuveen Preferred & Income Opportunities Fund $0.0665 $0.0190 40% NPFD NYSE Nuveen Variable Rate Preferred & Income Fund $0.1675 $0.0480 40% Taxable Municipals NBB NYSE Nuveen Taxable Municipal Income Fund $0.0965 $0.0230 31% Floating Rate JFR NYSE Nuveen Floating Rate Income Fund $0.0850 - - JQC NYSE Nuveen Credit Strategies Income Fund $0.0540 - - Mortgage-Backed Securities JLS NYSE Nuveen Mortgage and Income Fund $0.1535 $0.0115 8% JMM NYSE Nuveen Multi-Market Income Fund $0.0275 - - Global High Yield Debt JGH NYSE Nuveen Global High Income Fund $0.1035 - - Real Assets JRI* NYSE Nuveen Real Asset Income and Growth Fund $0.1335 $0.0335 34% Taxable Fixed Income-Multi-Sector NPCT NYSE Nuveen Core Plus Impact Fund $0.1190 $0.0275 30% Quarterly Distribution Per Share Change From Percentage Change From Ticker Exchange Fund Name Amount Previous Quarter Previous Quarter NMAI* NYSE Nuveen Multi-Asset Income Fund $0.4175 $0.0175 4% *The funds indicated above are currently relying on exemptive relief from Section 19(b) of the Investment Company Act of 1940, as amended (the “1940 Act”). Quarterly Managed Distributions The fund’s listed in the tables below have adopted a “managed distribution” policy. The goal of each fund’s managed distribution policy is to provide shareholders relatively consistent and predictable cash flow by systematically converting expected long-term return potential into regular distributions. Distribution sources may include 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 contained in shareholders’ 1099-DIV forms after the end of the year. Under a Managed Distribution policy, Nuveen closed-end funds seek to maintain a stable regular distribution amount that, over the long term, matches the fund’s total distributions paid to its total return. Investors should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate or from the terms of its Managed Distribution Policy. Actual returns likely will differ from projected long-term returns, (and therefore a fund’s distribution rate, also), at least over shorter time periods. Over a specific timeframe, a fund’s net asset value will increase (if returns exceed distributions), or decrease (if distributions exceed returns), by the difference between actual returns and total distributions. A return of capital is a non-taxable distribution of a portion of the fund’s capital. When a fund’s returns exceed distributions, return of capital may represent portfolio gains earned, but not realized as a taxable capital gain. In periods when a fund’s returns fall short of distributions, it will represent a portion of the investors’ original principal unless the shortfall is offset during other time periods over the life of the 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 declarations: Record Date June 14, 2024 Ex-Dividend Date June 14, 2024 Payable Date July 1, 2024 Quarterly Distribution Per Share Change From Ticker Exchange Fund Name Amount Previous Quarter Domestic Equity JCE* NYSE Nuveen Core Equity Alpha Fund $0.3200 - Covered Call DIAX* NYSE Nuveen Dow 30SM Dynamic Overwrite Fund $0.2867 - BXMX* NYSE Nuveen S&P 500 Buy-Write Income Fund $0.2365 - QQQX* NASDAQ Nuveen NASDAQ 100 Dynamic Overwrite Fund $0.4200 - SPXX* NYSE Nuveen S&P 500 Dynamic Overwrite Fund $0.2940 - Real Assets JRS* NYSE Nuveen Real Estate Income Fund $0.1700 - *The funds indicated above are currently relying on exemptive relief from Section 19(b) of the Investment Company Act of 1940, as amended (the “1940 Act”). Information regarding each fund’s last 19(a) Distribution Notice (as of February 29, 2024) is also included below. This informational notice provides further details on the sources of fund distributions. The full text of this notice is also available on the Nuveen website via Distribution Source Estimates. The following table provides estimates of the Funds’ distribution sources, reflecting year-to-date cumulative experience through the month-end prior to the latest distribution. The Funds attribute these estimates equally to each regular distribution throughout the year. Consequently, the estimated information as of the specified month-end shown below is for the current distribution, and also represents an updated estimate for all prior months in the year. For all funds, it is estimated that the funds have distributed more than their income and net realized capital gains; therefore, a portion of the distributions may be (and is shown below as being estimated to be) a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.” The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon each Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. Each Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report distributions for federal income tax purposes. More details about each Fund’s distributions and the basis for these estimates are available on www.nuveen.com/cef. Data as of 2/29/2024 Current Quarter Fiscal YTD Estimated Percentages Estimated Sources of Distribution Estimated Sources of Distribution of Distribution 1 Per Share LT ST Return of Per Share LT ST Return of LT ST Return of Distribution NII Gains Gains Capital Distribution NII Gains Gains Capital NII Gains Gains Capital JRS (FYE 12/31) .1700 0.0000 0.0000 0.0000 0.1700 0.1700 0.0000 0.0000 0.0000 0.1700 0.0% 0.0% 0.0% 100.0% QQQX (FYE 12/31) .4200 0.0007 0.1336 0.0000 0.2857 0.4200 0.0007 0.1336 0.0000 0.2857 0.2% 31.8% 0.0% 68.0% SPXX (FYE 12/31) .2940 0.0287 0.0000 0.0000 0.2653 0.2940 0.0287 0.0000 0.0000 0.2653 9.8% 0.0% 0.0% 90.2% BXMX (FYE 12/31) .2365 0.0239 0.0000 0.0000 0.2126 0.2365 0.0239 0.0000 0.0000 0.2126 10.1% 0.0% 0.0% 89.9% DIAX (FYE 12/31) .2867 0.0516 0.0328 0.0000 0.2023 0.2867 0.0516 0.0328 0.0000 0.2023 18.0% 11.4% 0.0% 70.5% JCE (FYE 12/31) .3200 0.0086 0.0884 0.0259 0.1971 0.3200 0.0086 0.0884 0.0259 0.1971 2.7% 27.6% 8.1% 61.6% 1 Net investment income (NII) is a projection through the end of the current calendar quarter using actual data through the stated month-end date above. Capital gain amounts are as of the stated date above. JRS owns REIT securities which attribute their distributions to various sources including NII, gains, and return of capital. The estimated per share sources above include an allocation of the NII based on prior year attributions which can be expected to differ from the actual final attributions for the current year. The following table provides information regarding distributions and total return performance over various time periods. This information is intended to help you better understand whether returns for the specified time periods were sufficient to meet distributions. Data as of 2/29/2024 Annualized Cumulative Inception Date Quarterly Distribution Fiscal YTD Distribution NAV 5-Year Return on NAV2 Fiscal YTD Distribution Rate on NAV1 Fiscal YTD Return on NAV Fiscal YTD Distribution Rate on NAV1 JRS (FYE 12/31) Nov-2001 .1700 .1700 8.70 3.19% 7.82% -1.58% 1.95% QQQX (FYE 12/31) Jan-2007 .4200 .4200 26.20 11.31% 6.41% 6.16% 1.60% SPXX (FYE 12/31) Nov-2005 .2940 .2940 17.09 9.16% 6.88% 4.91% 1.72% BXMX (FYE 12/31) Oct-2004 .2365 .2365 14.64 9.00% 6.46% 5.02% 1.62% DIAX (FYE 12/31) Apr-2005 .2867 .2867 16.57 5.10% 6.92% 2.16% 1.73% JCE (FYE 12/31) Mar-2007 .3200 .3200 14.16 10.83% 9.04% 6.63% 2.26% 1As a percentage of 2/29/2024 NAV. Nuveen is a leading sponsor of closed-end funds (CEFs) with $54 billion of assets under management across 45 CEFs as of 31 Mar 2024. The funds offer exposure to a broad range of asset classes and are designed for income-focused investors seeking regular distributions. Nuveen has more than 35 years of experience managing CEFs. For more information, please visit Nuveen’s CEF homepage www.nuveen.com/closed-end-funds. About Nuveen 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 $1.2 trillion in assets under management as of 31 Mar 2024 and operations in 27 countries. Its investment specialists 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. Nuveen Securities, LLC, member FINRA and SIPC. The information contained on the Nuveen website is not a part of this press release. 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 statement. EPS-3611600CR-E0524W View source version on businesswire.com: https://www.businesswire.com/news/home/20240603286329/en/Contacts Financial Professionals: 800-752-8700 Investors: 800-257-8787 Media: media-inquiries@nuveen.com Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Nuveen Closed-End Funds Declare Distributions By: Nuveen via Business Wire June 03, 2024 at 16:45 PM EDT 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 www.nuveen.com/cef. Additionally, several funds have announced distribution increases of up to 71%. The distribution changes are the latest in a series of actions intended to help support secondary market trading in fund shares, enhance shareholder value and improve each fund’s discount to NAV. It is anticipated that to maintain the declared distribution rates, certain funds may make distributions from sources other than net investment income. In this regard, the source of regular distributions may include a return of capital. Additional information about the increased distributions is available here. Shareholders can expect regular distribution information to be posted on www.nuveen.com on the first business day of each month. To ensure that our shareholders have access to the latest information, timely distribution and fund updates can be subscribed to at www.nuveen.com/subscriptions, under the closed-end funds tab of the Product Documents section. You can also follow updates by navigating to the Closed-End Fund section of our Resource Center, located at www.nuveen.com/resource-center. Monthly & Quarterly Distributions The funds listed in the tables below have adopted a policy to make regular monthly or quarterly cash distributions to holders of its common shares (stated in terms of a fixed cents per common share dividend distribution rate which may be set from time to time). Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly or quarterly distribution and to distribute realized capital gains at least annually. In addition, in any monthly or quarterly period, to maintain its declared per common share distribution amount, each Fund may distribute more or less than its net investment income during the period. In the event a Fund distributes more than its net investment income during any yearly period, such distributions may also include realized gains and/or a return of capital. To the extent that a distribution includes a return of capital the NAV per share may erode. 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 the distribution 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 the Fund’s investment performance from the amount of the distribution. A distribution including return of capital does not necessarily reflect a Fund’s investment performance and should not be confused with “yield” or “income.” The following dates apply to today's distribution declarations for the following closed-end funds: Record Date June 14, 2024 Ex-Dividend Date June 14, 2024 Payable Date July 1, 2024 Monthly Distribution Per Share Change From Percentage Change From Ticker Exchange Fund Name Amount Previous Month Previous Month NXP NYSE Nuveen Select Tax-Free Income Portfolio $0.0520 $0.0035 7% NUV NYSE Nuveen Municipal Value Fund, Inc. $0.0290 - - NUW NYSE Nuveen AMT-Free Municipal Value Fund $0.0425 - - NMI NYSE Nuveen Municipal Income Fund, Inc. $0.0360 - - NIM NYSE Nuveen Select Maturities Municipal Fund $0.0275 $0.0015 6% NAD NYSE Nuveen Quality Municipal Income Fund $0.0755 $0.0235 45% NEA NYSE Nuveen AMT-Free Quality Municipal Income Fund $0.0730 $0.0225 45% NVG NYSE Nuveen AMT-Free Municipal Credit Income Fund $0.0790 $0.0215 37% NMCO NYSE Nuveen Municipal Credit Opportunities Fund $0.0685 $0.0185 37% NZF NYSE Nuveen Municipal Credit Income Fund $0.0795 $0.0220 38% NMZ NYSE Nuveen Municipal High Income Opportunity Fund $0.0655 $0.0180 38% NDMO NYSE Nuveen Dynamic Municipal Opportunities Fund $0.0620 - - California Municipal NCA NYSE Nuveen California Municipal Value Fund $0.0290 - - NXC NYSE Nuveen California Select Tax-Free Income Portfolio $0.0455 - - NAC NYSE Nuveen California Quality Municipal Income Fund $0.0735 $0.0245 50% NKX NYSE Nuveen California AMT-Free Quality Municipal Income Fund $0.0760 $0.0250 49% New York Municipal NXN NYSE Nuveen New York Select Tax-Free Income Portfolio $0.0410 - - NNY NYSE Nuveen New York Municipal Value Fund $0.0280 - - NRK NYSE Nuveen New York AMT-Free Quality Municipal Income Fund $0.0690 $0.0225 48% NAN NYSE Nuveen New York Quality Municipal Income Fund $0.0720 $0.0235 48% Other State Municipal Funds NAZ NYSE Nuveen Arizona Quality Municipal Income Fund $0.0725 $0.0300 71% NMT NYSE Nuveen Massachusetts Quality Municipal Income Fund $0.0710 $0.0295 71% NMS NYSE Nuveen Minnesota Quality Municipal Income Fund $0.0735 $0.0235 47% NOM NYSE Nuveen Missouri Quality Municipal Income Fund $0.0675 $0.0280 71% NXJ NYSE Nuveen New Jersey Quality Municipal Income Fund $0.0785 $0.0320 69% NQP NYSE Nuveen Pennsylvania Quality Municipal Income Fund $0.0780 $0.0325 71% NPV NYSE Nuveen Virginia Quality Municipal Income Fund $0.0720 $0.0270 60% Preferred and Income Securities JPI NYSE Nuveen Preferred and Income Term Fund $0.0980 - - JPC NYSE Nuveen Preferred & Income Opportunities Fund $0.0665 $0.0190 40% NPFD NYSE Nuveen Variable Rate Preferred & Income Fund $0.1675 $0.0480 40% Taxable Municipals NBB NYSE Nuveen Taxable Municipal Income Fund $0.0965 $0.0230 31% Floating Rate JFR NYSE Nuveen Floating Rate Income Fund $0.0850 - - JQC NYSE Nuveen Credit Strategies Income Fund $0.0540 - - Mortgage-Backed Securities JLS NYSE Nuveen Mortgage and Income Fund $0.1535 $0.0115 8% JMM NYSE Nuveen Multi-Market Income Fund $0.0275 - - Global High Yield Debt JGH NYSE Nuveen Global High Income Fund $0.1035 - - Real Assets JRI* NYSE Nuveen Real Asset Income and Growth Fund $0.1335 $0.0335 34% Taxable Fixed Income-Multi-Sector NPCT NYSE Nuveen Core Plus Impact Fund $0.1190 $0.0275 30% Quarterly Distribution Per Share Change From Percentage Change From Ticker Exchange Fund Name Amount Previous Quarter Previous Quarter NMAI* NYSE Nuveen Multi-Asset Income Fund $0.4175 $0.0175 4% *The funds indicated above are currently relying on exemptive relief from Section 19(b) of the Investment Company Act of 1940, as amended (the “1940 Act”). Quarterly Managed Distributions The fund’s listed in the tables below have adopted a “managed distribution” policy. The goal of each fund’s managed distribution policy is to provide shareholders relatively consistent and predictable cash flow by systematically converting expected long-term return potential into regular distributions. Distribution sources may include 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 contained in shareholders’ 1099-DIV forms after the end of the year. Under a Managed Distribution policy, Nuveen closed-end funds seek to maintain a stable regular distribution amount that, over the long term, matches the fund’s total distributions paid to its total return. Investors should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate or from the terms of its Managed Distribution Policy. Actual returns likely will differ from projected long-term returns, (and therefore a fund’s distribution rate, also), at least over shorter time periods. Over a specific timeframe, a fund’s net asset value will increase (if returns exceed distributions), or decrease (if distributions exceed returns), by the difference between actual returns and total distributions. A return of capital is a non-taxable distribution of a portion of the fund’s capital. When a fund’s returns exceed distributions, return of capital may represent portfolio gains earned, but not realized as a taxable capital gain. In periods when a fund’s returns fall short of distributions, it will represent a portion of the investors’ original principal unless the shortfall is offset during other time periods over the life of the 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 declarations: Record Date June 14, 2024 Ex-Dividend Date June 14, 2024 Payable Date July 1, 2024 Quarterly Distribution Per Share Change From Ticker Exchange Fund Name Amount Previous Quarter Domestic Equity JCE* NYSE Nuveen Core Equity Alpha Fund $0.3200 - Covered Call DIAX* NYSE Nuveen Dow 30SM Dynamic Overwrite Fund $0.2867 - BXMX* NYSE Nuveen S&P 500 Buy-Write Income Fund $0.2365 - QQQX* NASDAQ Nuveen NASDAQ 100 Dynamic Overwrite Fund $0.4200 - SPXX* NYSE Nuveen S&P 500 Dynamic Overwrite Fund $0.2940 - Real Assets JRS* NYSE Nuveen Real Estate Income Fund $0.1700 - *The funds indicated above are currently relying on exemptive relief from Section 19(b) of the Investment Company Act of 1940, as amended (the “1940 Act”). Information regarding each fund’s last 19(a) Distribution Notice (as of February 29, 2024) is also included below. This informational notice provides further details on the sources of fund distributions. The full text of this notice is also available on the Nuveen website via Distribution Source Estimates. The following table provides estimates of the Funds’ distribution sources, reflecting year-to-date cumulative experience through the month-end prior to the latest distribution. The Funds attribute these estimates equally to each regular distribution throughout the year. Consequently, the estimated information as of the specified month-end shown below is for the current distribution, and also represents an updated estimate for all prior months in the year. For all funds, it is estimated that the funds have distributed more than their income and net realized capital gains; therefore, a portion of the distributions may be (and is shown below as being estimated to be) a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.” The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon each Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. Each Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report distributions for federal income tax purposes. More details about each Fund’s distributions and the basis for these estimates are available on www.nuveen.com/cef. Data as of 2/29/2024 Current Quarter Fiscal YTD Estimated Percentages Estimated Sources of Distribution Estimated Sources of Distribution of Distribution 1 Per Share LT ST Return of Per Share LT ST Return of LT ST Return of Distribution NII Gains Gains Capital Distribution NII Gains Gains Capital NII Gains Gains Capital JRS (FYE 12/31) .1700 0.0000 0.0000 0.0000 0.1700 0.1700 0.0000 0.0000 0.0000 0.1700 0.0% 0.0% 0.0% 100.0% QQQX (FYE 12/31) .4200 0.0007 0.1336 0.0000 0.2857 0.4200 0.0007 0.1336 0.0000 0.2857 0.2% 31.8% 0.0% 68.0% SPXX (FYE 12/31) .2940 0.0287 0.0000 0.0000 0.2653 0.2940 0.0287 0.0000 0.0000 0.2653 9.8% 0.0% 0.0% 90.2% BXMX (FYE 12/31) .2365 0.0239 0.0000 0.0000 0.2126 0.2365 0.0239 0.0000 0.0000 0.2126 10.1% 0.0% 0.0% 89.9% DIAX (FYE 12/31) .2867 0.0516 0.0328 0.0000 0.2023 0.2867 0.0516 0.0328 0.0000 0.2023 18.0% 11.4% 0.0% 70.5% JCE (FYE 12/31) .3200 0.0086 0.0884 0.0259 0.1971 0.3200 0.0086 0.0884 0.0259 0.1971 2.7% 27.6% 8.1% 61.6% 1 Net investment income (NII) is a projection through the end of the current calendar quarter using actual data through the stated month-end date above. Capital gain amounts are as of the stated date above. JRS owns REIT securities which attribute their distributions to various sources including NII, gains, and return of capital. The estimated per share sources above include an allocation of the NII based on prior year attributions which can be expected to differ from the actual final attributions for the current year. The following table provides information regarding distributions and total return performance over various time periods. This information is intended to help you better understand whether returns for the specified time periods were sufficient to meet distributions. Data as of 2/29/2024 Annualized Cumulative Inception Date Quarterly Distribution Fiscal YTD Distribution NAV 5-Year Return on NAV2 Fiscal YTD Distribution Rate on NAV1 Fiscal YTD Return on NAV Fiscal YTD Distribution Rate on NAV1 JRS (FYE 12/31) Nov-2001 .1700 .1700 8.70 3.19% 7.82% -1.58% 1.95% QQQX (FYE 12/31) Jan-2007 .4200 .4200 26.20 11.31% 6.41% 6.16% 1.60% SPXX (FYE 12/31) Nov-2005 .2940 .2940 17.09 9.16% 6.88% 4.91% 1.72% BXMX (FYE 12/31) Oct-2004 .2365 .2365 14.64 9.00% 6.46% 5.02% 1.62% DIAX (FYE 12/31) Apr-2005 .2867 .2867 16.57 5.10% 6.92% 2.16% 1.73% JCE (FYE 12/31) Mar-2007 .3200 .3200 14.16 10.83% 9.04% 6.63% 2.26% 1As a percentage of 2/29/2024 NAV. Nuveen is a leading sponsor of closed-end funds (CEFs) with $54 billion of assets under management across 45 CEFs as of 31 Mar 2024. The funds offer exposure to a broad range of asset classes and are designed for income-focused investors seeking regular distributions. Nuveen has more than 35 years of experience managing CEFs. For more information, please visit Nuveen’s CEF homepage www.nuveen.com/closed-end-funds. About Nuveen 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 $1.2 trillion in assets under management as of 31 Mar 2024 and operations in 27 countries. Its investment specialists 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. Nuveen Securities, LLC, member FINRA and SIPC. The information contained on the Nuveen website is not a part of this press release. 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 statement. EPS-3611600CR-E0524W View source version on businesswire.com: https://www.businesswire.com/news/home/20240603286329/en/Contacts Financial Professionals: 800-752-8700 Investors: 800-257-8787 Media: media-inquiries@nuveen.com
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 www.nuveen.com/cef. Additionally, several funds have announced distribution increases of up to 71%. The distribution changes are the latest in a series of actions intended to help support secondary market trading in fund shares, enhance shareholder value and improve each fund’s discount to NAV. It is anticipated that to maintain the declared distribution rates, certain funds may make distributions from sources other than net investment income. In this regard, the source of regular distributions may include a return of capital. Additional information about the increased distributions is available here. Shareholders can expect regular distribution information to be posted on www.nuveen.com on the first business day of each month. To ensure that our shareholders have access to the latest information, timely distribution and fund updates can be subscribed to at www.nuveen.com/subscriptions, under the closed-end funds tab of the Product Documents section. You can also follow updates by navigating to the Closed-End Fund section of our Resource Center, located at www.nuveen.com/resource-center. Monthly & Quarterly Distributions The funds listed in the tables below have adopted a policy to make regular monthly or quarterly cash distributions to holders of its common shares (stated in terms of a fixed cents per common share dividend distribution rate which may be set from time to time). Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly or quarterly distribution and to distribute realized capital gains at least annually. In addition, in any monthly or quarterly period, to maintain its declared per common share distribution amount, each Fund may distribute more or less than its net investment income during the period. In the event a Fund distributes more than its net investment income during any yearly period, such distributions may also include realized gains and/or a return of capital. To the extent that a distribution includes a return of capital the NAV per share may erode. 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 the distribution 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 the Fund’s investment performance from the amount of the distribution. A distribution including return of capital does not necessarily reflect a Fund’s investment performance and should not be confused with “yield” or “income.” The following dates apply to today's distribution declarations for the following closed-end funds: Record Date June 14, 2024 Ex-Dividend Date June 14, 2024 Payable Date July 1, 2024 Monthly Distribution Per Share Change From Percentage Change From Ticker Exchange Fund Name Amount Previous Month Previous Month NXP NYSE Nuveen Select Tax-Free Income Portfolio $0.0520 $0.0035 7% NUV NYSE Nuveen Municipal Value Fund, Inc. $0.0290 - - NUW NYSE Nuveen AMT-Free Municipal Value Fund $0.0425 - - NMI NYSE Nuveen Municipal Income Fund, Inc. $0.0360 - - NIM NYSE Nuveen Select Maturities Municipal Fund $0.0275 $0.0015 6% NAD NYSE Nuveen Quality Municipal Income Fund $0.0755 $0.0235 45% NEA NYSE Nuveen AMT-Free Quality Municipal Income Fund $0.0730 $0.0225 45% NVG NYSE Nuveen AMT-Free Municipal Credit Income Fund $0.0790 $0.0215 37% NMCO NYSE Nuveen Municipal Credit Opportunities Fund $0.0685 $0.0185 37% NZF NYSE Nuveen Municipal Credit Income Fund $0.0795 $0.0220 38% NMZ NYSE Nuveen Municipal High Income Opportunity Fund $0.0655 $0.0180 38% NDMO NYSE Nuveen Dynamic Municipal Opportunities Fund $0.0620 - - California Municipal NCA NYSE Nuveen California Municipal Value Fund $0.0290 - - NXC NYSE Nuveen California Select Tax-Free Income Portfolio $0.0455 - - NAC NYSE Nuveen California Quality Municipal Income Fund $0.0735 $0.0245 50% NKX NYSE Nuveen California AMT-Free Quality Municipal Income Fund $0.0760 $0.0250 49% New York Municipal NXN NYSE Nuveen New York Select Tax-Free Income Portfolio $0.0410 - - NNY NYSE Nuveen New York Municipal Value Fund $0.0280 - - NRK NYSE Nuveen New York AMT-Free Quality Municipal Income Fund $0.0690 $0.0225 48% NAN NYSE Nuveen New York Quality Municipal Income Fund $0.0720 $0.0235 48% Other State Municipal Funds NAZ NYSE Nuveen Arizona Quality Municipal Income Fund $0.0725 $0.0300 71% NMT NYSE Nuveen Massachusetts Quality Municipal Income Fund $0.0710 $0.0295 71% NMS NYSE Nuveen Minnesota Quality Municipal Income Fund $0.0735 $0.0235 47% NOM NYSE Nuveen Missouri Quality Municipal Income Fund $0.0675 $0.0280 71% NXJ NYSE Nuveen New Jersey Quality Municipal Income Fund $0.0785 $0.0320 69% NQP NYSE Nuveen Pennsylvania Quality Municipal Income Fund $0.0780 $0.0325 71% NPV NYSE Nuveen Virginia Quality Municipal Income Fund $0.0720 $0.0270 60% Preferred and Income Securities JPI NYSE Nuveen Preferred and Income Term Fund $0.0980 - - JPC NYSE Nuveen Preferred & Income Opportunities Fund $0.0665 $0.0190 40% NPFD NYSE Nuveen Variable Rate Preferred & Income Fund $0.1675 $0.0480 40% Taxable Municipals NBB NYSE Nuveen Taxable Municipal Income Fund $0.0965 $0.0230 31% Floating Rate JFR NYSE Nuveen Floating Rate Income Fund $0.0850 - - JQC NYSE Nuveen Credit Strategies Income Fund $0.0540 - - Mortgage-Backed Securities JLS NYSE Nuveen Mortgage and Income Fund $0.1535 $0.0115 8% JMM NYSE Nuveen Multi-Market Income Fund $0.0275 - - Global High Yield Debt JGH NYSE Nuveen Global High Income Fund $0.1035 - - Real Assets JRI* NYSE Nuveen Real Asset Income and Growth Fund $0.1335 $0.0335 34% Taxable Fixed Income-Multi-Sector NPCT NYSE Nuveen Core Plus Impact Fund $0.1190 $0.0275 30% Quarterly Distribution Per Share Change From Percentage Change From Ticker Exchange Fund Name Amount Previous Quarter Previous Quarter NMAI* NYSE Nuveen Multi-Asset Income Fund $0.4175 $0.0175 4% *The funds indicated above are currently relying on exemptive relief from Section 19(b) of the Investment Company Act of 1940, as amended (the “1940 Act”). Quarterly Managed Distributions The fund’s listed in the tables below have adopted a “managed distribution” policy. The goal of each fund’s managed distribution policy is to provide shareholders relatively consistent and predictable cash flow by systematically converting expected long-term return potential into regular distributions. Distribution sources may include 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 contained in shareholders’ 1099-DIV forms after the end of the year. Under a Managed Distribution policy, Nuveen closed-end funds seek to maintain a stable regular distribution amount that, over the long term, matches the fund’s total distributions paid to its total return. Investors should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate or from the terms of its Managed Distribution Policy. Actual returns likely will differ from projected long-term returns, (and therefore a fund’s distribution rate, also), at least over shorter time periods. Over a specific timeframe, a fund’s net asset value will increase (if returns exceed distributions), or decrease (if distributions exceed returns), by the difference between actual returns and total distributions. A return of capital is a non-taxable distribution of a portion of the fund’s capital. When a fund’s returns exceed distributions, return of capital may represent portfolio gains earned, but not realized as a taxable capital gain. In periods when a fund’s returns fall short of distributions, it will represent a portion of the investors’ original principal unless the shortfall is offset during other time periods over the life of the 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 declarations: Record Date June 14, 2024 Ex-Dividend Date June 14, 2024 Payable Date July 1, 2024 Quarterly Distribution Per Share Change From Ticker Exchange Fund Name Amount Previous Quarter Domestic Equity JCE* NYSE Nuveen Core Equity Alpha Fund $0.3200 - Covered Call DIAX* NYSE Nuveen Dow 30SM Dynamic Overwrite Fund $0.2867 - BXMX* NYSE Nuveen S&P 500 Buy-Write Income Fund $0.2365 - QQQX* NASDAQ Nuveen NASDAQ 100 Dynamic Overwrite Fund $0.4200 - SPXX* NYSE Nuveen S&P 500 Dynamic Overwrite Fund $0.2940 - Real Assets JRS* NYSE Nuveen Real Estate Income Fund $0.1700 - *The funds indicated above are currently relying on exemptive relief from Section 19(b) of the Investment Company Act of 1940, as amended (the “1940 Act”). Information regarding each fund’s last 19(a) Distribution Notice (as of February 29, 2024) is also included below. This informational notice provides further details on the sources of fund distributions. The full text of this notice is also available on the Nuveen website via Distribution Source Estimates. The following table provides estimates of the Funds’ distribution sources, reflecting year-to-date cumulative experience through the month-end prior to the latest distribution. The Funds attribute these estimates equally to each regular distribution throughout the year. Consequently, the estimated information as of the specified month-end shown below is for the current distribution, and also represents an updated estimate for all prior months in the year. For all funds, it is estimated that the funds have distributed more than their income and net realized capital gains; therefore, a portion of the distributions may be (and is shown below as being estimated to be) a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.” The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon each Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. Each Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report distributions for federal income tax purposes. More details about each Fund’s distributions and the basis for these estimates are available on www.nuveen.com/cef. Data as of 2/29/2024 Current Quarter Fiscal YTD Estimated Percentages Estimated Sources of Distribution Estimated Sources of Distribution of Distribution 1 Per Share LT ST Return of Per Share LT ST Return of LT ST Return of Distribution NII Gains Gains Capital Distribution NII Gains Gains Capital NII Gains Gains Capital JRS (FYE 12/31) .1700 0.0000 0.0000 0.0000 0.1700 0.1700 0.0000 0.0000 0.0000 0.1700 0.0% 0.0% 0.0% 100.0% QQQX (FYE 12/31) .4200 0.0007 0.1336 0.0000 0.2857 0.4200 0.0007 0.1336 0.0000 0.2857 0.2% 31.8% 0.0% 68.0% SPXX (FYE 12/31) .2940 0.0287 0.0000 0.0000 0.2653 0.2940 0.0287 0.0000 0.0000 0.2653 9.8% 0.0% 0.0% 90.2% BXMX (FYE 12/31) .2365 0.0239 0.0000 0.0000 0.2126 0.2365 0.0239 0.0000 0.0000 0.2126 10.1% 0.0% 0.0% 89.9% DIAX (FYE 12/31) .2867 0.0516 0.0328 0.0000 0.2023 0.2867 0.0516 0.0328 0.0000 0.2023 18.0% 11.4% 0.0% 70.5% JCE (FYE 12/31) .3200 0.0086 0.0884 0.0259 0.1971 0.3200 0.0086 0.0884 0.0259 0.1971 2.7% 27.6% 8.1% 61.6% 1 Net investment income (NII) is a projection through the end of the current calendar quarter using actual data through the stated month-end date above. Capital gain amounts are as of the stated date above. JRS owns REIT securities which attribute their distributions to various sources including NII, gains, and return of capital. The estimated per share sources above include an allocation of the NII based on prior year attributions which can be expected to differ from the actual final attributions for the current year. The following table provides information regarding distributions and total return performance over various time periods. This information is intended to help you better understand whether returns for the specified time periods were sufficient to meet distributions. Data as of 2/29/2024 Annualized Cumulative Inception Date Quarterly Distribution Fiscal YTD Distribution NAV 5-Year Return on NAV2 Fiscal YTD Distribution Rate on NAV1 Fiscal YTD Return on NAV Fiscal YTD Distribution Rate on NAV1 JRS (FYE 12/31) Nov-2001 .1700 .1700 8.70 3.19% 7.82% -1.58% 1.95% QQQX (FYE 12/31) Jan-2007 .4200 .4200 26.20 11.31% 6.41% 6.16% 1.60% SPXX (FYE 12/31) Nov-2005 .2940 .2940 17.09 9.16% 6.88% 4.91% 1.72% BXMX (FYE 12/31) Oct-2004 .2365 .2365 14.64 9.00% 6.46% 5.02% 1.62% DIAX (FYE 12/31) Apr-2005 .2867 .2867 16.57 5.10% 6.92% 2.16% 1.73% JCE (FYE 12/31) Mar-2007 .3200 .3200 14.16 10.83% 9.04% 6.63% 2.26% 1As a percentage of 2/29/2024 NAV. Nuveen is a leading sponsor of closed-end funds (CEFs) with $54 billion of assets under management across 45 CEFs as of 31 Mar 2024. The funds offer exposure to a broad range of asset classes and are designed for income-focused investors seeking regular distributions. Nuveen has more than 35 years of experience managing CEFs. For more information, please visit Nuveen’s CEF homepage www.nuveen.com/closed-end-funds. About Nuveen 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 $1.2 trillion in assets under management as of 31 Mar 2024 and operations in 27 countries. Its investment specialists 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. Nuveen Securities, LLC, member FINRA and SIPC. The information contained on the Nuveen website is not a part of this press release. 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 statement. EPS-3611600CR-E0524W View source version on businesswire.com: https://www.businesswire.com/news/home/20240603286329/en/