Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that the Nuveen Maryland Premium Income Municipal Fund (NYSE: NMY) and Nuveen Virginia Premium Income Municipal Fund (NYSE: NPV) have each declared an additional, post-merger distribution. This distribution follows the recently announced merger for each fund, which was successfully completed before the market open on August 6, 2012 (click here for merger announcement).
The distribution amounts declared below ensure that shareholders will not experience a reduced monthly tax-exempt distribution amount. When combined with pre-merger distributions, declared July 24, 2012 payable October 1, 2012, all shareholders from funds participating in these mergers will receive a total dollar amount equal to or greater than the tax-exempt income declared by their original fund in the previous month. To view the pre-merger dividend declaration, please click here.
The following dates apply to today's distribution declarations for the following Closed-End Funds:
Record Date | August 16, 2012 | |||
Ex-Dividend Date | August 14, 2012 | |||
Payable Date | October 1, 2012 | |||
Reinvest Date | October 1, 2012 | Distribution Per Share | ||
Tax Exempt | ||||
Amount | ||||
Ticker | Closed-End Portfolios | |||
NMY | Nuveen Maryland Premium Income Municipal Fund | .0438 | ||
NPV | Nuveen Virginia Premium Income Municipal Fund | .0188 | ||
In addition, Muni-Term Preferred (MTP) shares of acquired funds were replaced by newly issued shares of MTP from the acquiring fund with substantially similar terms. The initial distribution for these new MTP shares is prorated for the period August 6, 2012 through August 31, 2012.
The following dates apply to today's distribution declarations for the following MTP Shares:
Record Date | August 16, 2012 | |||
Ex-Dividend Date | August 14, 2012 | |||
Payable Date | September 4, 2012 | |||
Ticker | MuniFund Term Preferred |
Tax-Free Distribution | ||
NMY PrG | Nuveen Maryland Premium Income Municipal Fund MTP | .018403 | ||
NMY PrE | Nuveen Maryland Premium Income Municipal Fund MTP | .018056 | ||
NMY PrF | Nuveen Maryland Premium Income Municipal Fund MTP | .018056 | ||
NMY PrH | Nuveen Maryland Premium Income Municipal Fund MTP | .019792 | ||
NPV PrD | Nuveen Virginia Premium Income Municipal Fund MTP | .019444 | ||
NPV PrE | Nuveen Virginia Premium Income Municipal Fund MTP | .019444 | ||
Monthly distributions from Nuveen's municipal closed-end funds and portfolios are generally exempt from regular Federal income taxes, and monthly distributions 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 distributions of the municipal funds and portfolios may be subject to the Federal Alternative Minimum Tax for some shareholders.*
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, Symphony Asset Management, NWQ Investment Management Company, Santa Barbara Asset Management, Tradewinds Global Investors, Winslow Capital Management, and Gresham Investment Management. In total, Nuveen Investments managed approximately $227 billion as of March 31, 2012. For more information, please visit the Nuveen Investments website at www.nuveen.com.
*Nuveen does not provide tax advice; consult a professional tax advisor regarding your specific tax situation.
Nuveen Investments
Media Contact:
Kristyna Munoz
(312)
917-8343
kristyna.munoz@nuveen.com