Ten Nuveen Closed-End Funds Announce Availability of 19 (a) Notices


News and research before you hear about it on CNBC et al. Claim your 1-week free trial for Street Insider Premium here.


NEW YORK – (BUSINESS WIRE) – Distribution notices 19 (a) for ten Nuveen closed-end funds are now available. These information notices provide further details on the sources of the funds’ regular monthly or quarterly distributions and follow the most recent monthly and quarterly distribution announcements. The full text of these notices is available below or on Nuveen’s website via Distribution Source Estimates.

Important Information Regarding Distributions

December 30, 2021: THIS NOTICE IS FOR INFORMATION ONLY. NO ACTION IS REQUIRED ON YOUR PART. If you would like to receive this notice and other shareholder information electronically, please visit www.investordelivery.com if you are receiving distributions and statements from your financial advisor or brokerage account. An electronic copy of this notice is also posted under the Distribution Notices at www.nuveen.com/cef.

This notice provides information to shareholders regarding fund distributions, as required by applicable securities laws. You should not draw any conclusions about the performance of the Fund’s investments from the amount of this distribution or the terms of the Fund’s managed distribution policy.

The following table provides estimates of the Fund’s distribution sources, reflecting cumulative experience from the start of the year to the end of the month prior to the last distribution. The Funds allocate these estimates equally to each regular distribution throughout the year. Therefore, the information estimated at the end of the specified month shown below is for the current distribution and also represents an updated estimate for all previous months of the year. It is estimated that some 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 deemed to be) a return of capital. A return of capital may occur, for example, when some or all of the money you have invested in the Fund is returned to you. A return of capital distribution does not necessarily reflect the performance of the Fund’s investments and should not be confused with “return” or “income”.

The amounts and sources of distributions shown in this 19 (a) notice are estimates only and are not provided for tax reporting purposes. The actual amounts and the sources of the amounts for tax reporting purposes will depend on the Funds’ investment experience during the remainder of its fiscal year and may be subject to change depending on tax regulations. Each Fund will send a Form 1099-DIV for the calendar year which will tell you how to report these distributions for federal income tax purposes. More details on the distributions of each Fund and the basis for these estimates are available at www.nuveen.com/cef.

Data as of 11/30/2021

Current quarter

Fiscal year

Estimated percentages

Estimated sources of distribution

Estimated sources of distribution

of Breakdown 1

Per share

LT

ST

Back from

Per share

LT

ST

Back from

LT

ST

Back from

Distribution

NII

Earnings

Earnings

Capital city

Distribution

NII

Earnings

Earnings

Capital city

NII

Earnings

Earnings

Capital city

JRS (EF 12/31)

. 1900

0.0056

0.0595

0.1248

0.0000

0.7600

0.0225

0.2382

0.4994

0.0000

3.0%

31.3%

65.7%

0.0%

QQQX (EF 12/31)

.4485

0.0000

0.0586

0.0000

0.3899

1.7940

0.0000

0.2344

0.0000

1.5596

0.0%

13.1%

0.0%

86.9%

SPXX (EF 12/31)

.2450

0.0263

0.0000

0.0000

0.2187

0.9800

0.1054

0.0000

0.0000

0.8746

10.8%

0.0%

0.0%

89.2%

BXMX (FYE 12/31)

.2150

0.0110

0.1284

0.0000

0.0756

0.8600

0.0441

0.5134

0.0000

0.3025

5.1%

59.7%

0.0%

35.2%

DIAX (FYE 12/31)

.2730

0.0431

0.0301

0.0000

0.197

1.0920

0.1725

0.1205

0.0000

0.7990

15.8%

11.0%

0.0%

73.2%

JCE (EF 12/31)

.3040

0.0000

0.3040

0.0000

0.0000

1.2160

0.0000

1.2160

0.0000

0.0000

0.0%

100.0%

0.0%

0.0%

NMAI (EF 12/31)

.3500

0.0179

0.2549

0.0772

0.0000

0.3500

0.0179

0.2549

0.0772

0.0000

5.1%

72.8%

22.1%

0.0%

1 Net investment income (NII) is a projection to the end of the current calendar quarter using actual data up to the month end date shown above. The capital gains amounts are as of the date shown above. JRS owns REIT securities which attribute their distributions to a variety of sources including NII, capital gains and return. The estimated sources per share above include an allocation of NII based on the prior year’s awards which may differ from the actual final awards for the current year.

Data as of 11/30/2021

Current month

Fiscal year

Estimated percentages

Estimated sources of distribution

Estimated sources of distribution

of Breakdown 1

Per share

LT

ST

Back from

Per share

LT

ST

Back from

LT

ST

Back from

Distribution

NII

Earnings

Earnings

Capital city

Distribution

NII

Earnings

Earnings

Capital city

NII

Earnings

Earnings

Capital city

NDMO (EF 10/31)

.0765

0.0418

0.0000

0.0000

0.0347

0.0765

0.0418

0.0000

0.0000

0.0347

54.6%

0.0%

0.0%

45.4%

JRI (EF 12/31)

.0965

0.0749

0.0000

0.0000

0.0216

1.0615

0.8236

0.0000

0.0000

0.2379

77.6%

0.0%

0.0%

22.4%

NPCT (EF 12/31)

.1030

0.0397

0.0000

0.0047

0.0586

0.6180

0.2384

0.0000

0.0279

0.3517

38.6%

0.0%

4.5%

56.9%

Net investment income (NII) and capital gains amounts are as of the month end date shown above.

The following table provides information about distributions and total return over various time periods. This information is intended to help you better understand whether the returns for the periods specified were sufficient to meet the distributions.

Data as of 11/30/2021

Tax

annualized

Accumulation

Quarterly

YTD

5 years

Fiscal year

Fiscal year

Fiscal year

Creation

Dist

Dist

NAV

Return to NAV2

Dist rate on NAV1

Return on net asset value

Dist rate on NAV1

JRS (EF 12/31)

nov-2001

. 1900

.7600

12.32

10.34%

6.17%

34.48%

6.17%

QQQX (EF 12/31)

january-2007

.4485

1.7940

29.52

15.90%

6.08%

17.63%

6.08%

SPXX (EF 12/31)

Nov-2005

.2450

.9800

18.21

10.85%

5.38%

17.41%

5.38%

BXMX (FYE 12/31)

Oct-2004

.2150

.8600

15.07

9.19%

5.71%

14.50%

5.71%

DIAX (FYE 12/31)

Apr-2005

.2730

1.0920

17.47

8.11%

6.25%

9.83%

6.25%

JCE (EF 12/31)

march-2007

.3040

1.2160

16.86

13.67%

7.21%

21.34%

7.21%

NMAI (EF 12/31)

Nov-2021

.3500

.3500

19.51

-2.45%

1.79%

-2.45%

1.79%

1 As a percentage of the NAV 30/11/2021.

2 The 5-year NMAI return reflects the annualized return since the creation of the net asset value

Data as of 11/30/2021

Tax

annualized

Accumulation

Monthly

YTD

5 years

Fiscal year

Fiscal year

Fiscal year

Creation

Dist

Dist

NAV

Return to NAV2

Dist rate on NAV1

Return on net asset value

Dist rate on NAV1

NDMO (EF 10/31)

Aug-2020

.0765

.0765

15.83

10.10%

5.80%

1.96%

0.48%

JRI (EF 12/31)

Apr-2012

.0965

1.0615

16.50

5.84%

7.02%

10.95%

6.43%

NPCT (EF 12/31)

Apr-2021

.1030

.6180

19.65

1.32%

5.89%

1.32%

3.15%

1 As a percentage of the NAV 30/11/2021.

2 The 5-year NPCT and NDMO return figure reflects the annualized return since inception of the NAV

For more information, please visit the Nuveen CEF home page www.nuveen.com/closed-end-funds or contact:

Finance professionals

800-752-8700

Investors

800-257-8787

Media

[email protected]

About Nuveen

Nuveen, TIAA’s investment manager, offers a comprehensive suite of results-driven 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 September 30, 2021 and operations in 27 countries. Its investment specialists offer in-depth expertise across a full range of traditional and alternative investments across a wide range of vehicles and custom strategies. For more information, please visit www.nuveen.com.

Nuveen Securities, LLC, member of FINRA and SIPC.

The information contained on the Nuveen site is not part of this press release.

FORWARD-LOOKING STATEMENTS

Certain statements made in this press release are forward-looking statements. Actual future results or events may differ materially from those anticipated in forward-looking statements due to many 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 assume no responsibility to publicly update or revise any forward-looking statements.

EPS-1970981PR-E1222X

Finance professionals

800-752-8700

Investors

800-257-8787

Media

[email protected]

Source: Nuveen


Source link

Comments are closed.