- Trustees/Directors Elected
- Investment Management &
Sub-Advisory Agreements Approved
- Additional Meetings Adjourned Until
September
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced results of annual and special meetings of shareholders of
certain closed-end funds held on August 5, 2014 and August 15,
2014. Nuveen Investments also announced the adjournment of the
meetings of certain closed-end funds to a later date to permit the
continued solicitation of additional votes.
Election of Trustees/Directors
The trustees/directors of each fund who were standing for
re-election at the meetings were elected by shareholders. Those
current trustees and directors of certain funds whose multiple-year
terms were not expiring this year and who therefore were not
standing for re-election at the meetings, remain in office and
continue to serve the term for which they were previously
elected.
Approval of New Investment Management and Sub-Advisory
Agreements
In connection with the acquisition of Nuveen Investments by
TIAA-CREF (the transaction), shareholders of each fund were asked
to approve a new investment management agreement and new
sub-advisory agreements to allow the funds’ investment adviser and
sub-adviser(s) to continue to serve in such capacities following
the closing of the transaction. Shareholders of the following funds
have approved the new investment management agreement and new
sub-advisory agreements:
- Nuveen AMT-Free Municipal Income Fund
(NEA)
- Nuveen AMT-Free Municipal Value Fund
(NUW)
- Nuveen Arizona Premium Income Municipal
Fund (NAZ)
- Nuveen Build America Bond Fund
(NBB)
- Nuveen Build America Bond Opportunity
Fund (NBD)
- Nuveen California AMT-Free Municipal
Income Fund (NKX)
- Nuveen California Dividend Advantage
Municipal Fund (NAC)
- Nuveen California Dividend Advantage
Municipal Fund 2 (NVX)
- Nuveen California Dividend Advantage
Municipal Fund 3 (NZH)
- Nuveen California Municipal Value Fund
2 (NCB)
- Nuveen California Municipal Value Fund,
Inc. (NCA)
- Nuveen California Select Tax-Free
Income Portfolio (NXC)
- Nuveen Connecticut Premium Income
Municipal Fund (NTC)
- Nuveen Core Equity Alpha Fund
(JCE)
- Nuveen Credit Strategies Income Fund
(JQC)
- Nuveen Diversified Dividend and Income
Fund (JDD)
- Nuveen Dividend Advantage Municipal
Fund (NAD)
- Nuveen Dividend Advantage Municipal
Fund 2 (NXZ)
- Nuveen Dividend Advantage Municipal
Fund 3 (NZF)
- Nuveen Dividend Advantage Municipal
Income Fund (NVG)
- Nuveen Energy MLP Total Return Fund
(JMF)
- Nuveen Enhanced Municipal Value Fund
(NEV)
- Nuveen Equity Premium and Growth Fund
(JPG)
- Nuveen Floating Rate Income Fund
(JFR)
- Nuveen Floating Rate Income Opportunity
Fund (JRO)
- Nuveen Georgia Dividend Advantage
Municipal Fund 2 (NKG)
- Nuveen Global Equity Income Fund
(JGV)
- Nuveen Intermediate Duration Quality
Municipal Term Fund (NIQ)
- Nuveen Maryland Premium Income
Municipal Fund (NMY)
- Nuveen Michigan Quality Income
Municipal Fund (NUM)
- Nuveen Missouri Premium Income
Municipal Fund (NOM)
- Nuveen Mortgage Opportunity Term Fund
(JLS)
- Nuveen Mortgage Opportunity Term Fund
(JMT)
- Nuveen Municipal Advantage Fund, Inc.
(NMA)
- Nuveen Municipal High Income
Opportunity Fund (NMZ)
- Nuveen Municipal Income Fund, Inc.
(NMI)
- Nuveen Municipal Market Opportunity
Fund, Inc. (NMO)
- Nuveen Municipal Opportunity Fund, Inc.
(NIO)
- Nuveen Municipal Value Fund, Inc.
(NUV)
- Nuveen New Jersey Dividend Advantage
Municipal Fund (NXJ)
- Nuveen New Jersey Dividend Advantage
Municipal Fund 2 (NUJ)
- Nuveen New Jersey Investment Quality
Municipal Fund, Inc. (NQJ)
- Nuveen New Jersey Municipal Value Fund
(NJV)
- Nuveen New Jersey Premium Income
Municipal Fund, Inc. (NNJ)
- Nuveen New York AMT-Free Municipal
Income Fund (NRK)
- Nuveen New York Dividend Advantage
Municipal Fund (NAN)
- Nuveen New York Municipal Value Fund 2
(NYV)
- Nuveen New York Municipal Value Fund,
Inc. (NNY)
- Nuveen New York Performance Plus
Municipal Fund, Inc. (NNP)
- Nuveen New York Select Tax-Free Income
Portfolio (NXN)
- Nuveen North Carolina Premium Income
Municipal Fund (NNC)
- Nuveen Ohio Quality Income Municipal
Fund (NUO)
- Nuveen Pennsylvania Investment Quality
Municipal Fund (NQP)
- Nuveen Pennsylvania Municipal Value
Fund (NPN)
- Nuveen Performance Plus Municipal Fund,
Inc. (NPP)
- Nuveen Preferred and Income Term Fund
(JPI)
- Nuveen Preferred Income Opportunities
Fund (JPC)
- Nuveen Premier Municipal Income Fund,
Inc. (NPF)
- Nuveen Premium Income Municipal Fund 2,
Inc. (NPM)
- Nuveen Premium Income Municipal Fund 4,
Inc. (NPT)
- Nuveen Premium Income Municipal Fund,
Inc. (NPI)
- Nuveen Quality Income Municipal Fund,
Inc. (NQU)
- Nuveen Quality Municipal Fund, Inc.
(NQI)
- Nuveen Quality Preferred Income Fund
(JTP)
- Nuveen Quality Preferred Income Fund 2
(JPS)
- Nuveen Quality Preferred Income Fund 3
(JHP)
- Nuveen Real Asset Income and Growth
Fund (JRI)
- Nuveen Real Estate Income Fund
(JRS)
- Nuveen Select Maturities Municipal Fund
(NIM)
- Nuveen Select Quality Municipal Fund,
Inc. (NQS)
- Nuveen Select Tax-Free Income Portfolio
(NXP)
- Nuveen Select Tax-Free Income Portfolio
2 (NXQ)
- Nuveen Select Tax-Free Income Portfolio
3 (NXR)
- Nuveen Senior Income Fund (NSL)
- Nuveen Short Duration Credit
Opportunities Fund (JSD)
- Nuveen Tax-Advantaged Dividend Growth
Fund (JTD)
- Nuveen Tax-Advantaged Total Return
Strategy Fund (JTA)
- Nuveen Texas Quality Income Municipal
Fund (NTX)
- Nuveen Virginia Premium Income
Municipal Fund (NPV)
The meetings of the following funds have been adjourned until
Friday, September 19, 2014 with respect to approval of the new
investment management agreement and new sub-advisory agreements to
permit the continued solicitation of additional votes:
- Nuveen All Cap Energy MLP Opportunities
(JMLP)
- Nuveen Flexible Investment Income Fund
(JPW)
- Nuveen Intermediate Duration Municipal
Term Fund (NID)
- Nuveen New York Dividend Advantage
Municipal Fund 2 (NXK)
The adjourned meetings for these funds will be held at 2:30
p.m., Central time, on Friday, September 19, 2014 at the offices of
Nuveen Investments, 333 West Wacker Drive, Chicago, Illinois
60606.
As a result of the approvals of new investment management
agreements and consents and other approvals obtained from other
clients of Nuveen Investments’ affiliated advisors, the transaction
condition requiring the consent of a specified percentage of
clients of Nuveen Investments and its affiliated advisors has been
satisfied. The transaction is currently expected to close early in
the fourth quarter of 2014, but remains subject to other customary
closing conditions.
Nuveen Equity Premium and Growth
Fund
Shareholders of Nuveen Equity Premium and Growth Fund (JPG) have
also approved a change in the fund’s sub-adviser from Gateway Asset
Management Company, LLC to Nuveen Asset Management, LLC and a
change to the investment objective for the fund. These changes are
presently expected to become effective as of September 29,
2014.
Fund Reorganizations
Shareholders of Nuveen New Jersey Dividend Advantage Municipal
Fund (NXJ), Nuveen New Jersey Investment Quality Municipal Fund,
Inc. (NQJ), Nuveen New Jersey Premium Income Municipal Fund, Inc.
(NNJ) and Nuveen New Jersey Dividend Advantage Municipal Fund 2
(NUJ) were asked to approve the reorganizations of NQJ, NNJ and NUJ
into NXJ. Shareholders of NNJ and NXJ have approved the fund’s
reorganization. The meetings of NUJ and NQJ have been adjourned
until Monday, September 15, 2014 with respect to the approval of
the reorganizations to permit the continued solicitation of
additional votes.
Shareholders of Nuveen Investment Quality Municipal Fund, Inc.
(NQM) were asked to approve the reorganization of American
Municipal Income Portfolio Inc. into NQM. In addition, shareholders
of NQM were asked to approve a new management agreement and
sub-advisory agreement to allow the fund’s investment adviser and
sub-adviser to continue to serve in such capacities following the
closing of the transaction. The meeting of NQM has been adjourned
until Monday, September 15, 2014 with respect to the approval of
the reorganization and the management and sub-advisory agreements
to permit the continued solicitation of additional votes.
The adjourned Meetings for NQJ, NUJ and NQM will be held at 2:00
p.m., Central time, on Monday, September 15, 2014 at the offices of
Nuveen Investments, 333 West Wacker Drive, Chicago, Illinois
60606.
Each fund holding an adjourned meeting encourages shareholders
who have not yet voted to vote now to help avoid further
adjournments. Each fund’s Board recommends shareholders vote “for”
each proposal. The proxy materials received by shareholders contain
important information regarding the proposals. If shareholders have
any questions regarding the proposals, or need assistance with
voting, they may call Computershare Fund Services, the funds’ proxy
solicitor, toll free at 1-866-209-5784.
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 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.
The funds have filed or will file with the SEC solicitation
materials in the form of proxy statements and/or joint proxy
statement/prospectuses that will be included in registration
statements on Form N-14, as applicable. Investors are urged to read
the solicitation materials and any other relevant documents when
they become available because they will contain important
information. After they are filed, free copies of the solicitation
materials will be available on the SEC’s web site at
www.sec.gov.
The funds, Nuveen Fund Advisors and certain of their respective
directors/trustees, officers and affiliates may be deemed under the
rules of the SEC to be participants in the solicitation of proxies
from shareholders. Information about the directors/trustees and
officers of the funds may be found in their respective annual
reports and, if applicable, annual proxy statements previously
filed with the SEC. This communication is not a solicitation of a
proxy from any fund shareholder and does not constitute an offer of
any securities for sale. No offer of securities will be made except
pursuant to a prospectus meeting the requirements of Section 10 of
the Securities Act of 1933.
2811-INV-008/15
Nuveen InvestmentsMedia Contact:Kristyna Munoz, (312)
917-8343kristyna.munoz@nuveen.com
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