Latest news with #Nuveen
The National
15 hours ago
- Business
- The National
Abu Dhabi's ADGM attracts more firms in first quarter with assets under management up 33%
Abu Dhabi's ADGM recorded a rise in the number of firms in the first quarter of this year, with assets under management also increasing by 33 per cent annually, as the financial hub continues to attract global businesses. The total number of operational entities in ADGM increased 43 per cent annually to 2,781 in the first three months of this year, it said in a statement on Tuesday. At the end of last year, the financial zone had 2,381 operational entities. Meanwhile, the number of financial services entities increased by 26 per cent year-on-year in the first quarter to 367. At the end of March, ADGM had 119 asset and fund managers, down from 134 at the end of last year. But the number of funds managed out of ADGM during the same period rose to 184, up from 166 funds at the end of 2024. The number of new licences also rose by 67 per cent annually, with firms establishing a presence during the three-month period including Skadden, Investindustrial, NewVest, Arcapita, Polen Capital, Seviora, Olive Gaea, TON and Aquila Group. In February, German asset manager Patrizia, which has about €55 billion ($57.7 billion) in assets under management, was also granted regulatory approval to start operating at ADGM. It will be Patrizia's first office in the Middle East and 26th globally. Last year, ADGM also welcomed trillion-dollar asset managers including New York-based BlackRock; PGIM, the global asset management business of Prudential Financial; and Chicago investment firm Nuveen. Growth has been 'supported by continuing global investor confidence, regulatory enhancements, and the successful implementation of major initiatives within its expanded jurisdiction on Al Reem Island', ADGM said. 'ADGM continues to expand and diversify with purpose, welcoming leading firms, deepening international partnerships, and driving digital and sustainable transformation across sectors,' said Ahmed Al Zaabi, chairman of ADGM. Established in 2015 on Al Maryah Island, ADGM has recorded rapid growth as Abu Dhabi enhances its non-oil economy and focuses on attracting more international companies and investors. Abu Dhabi's economy expanded by 3.8 per cent annually last year to reach an all-time high value of Dh1.2 trillion ($326.7 billion) on a boost from the non-oil sector. The emirate's non-oil sector grew 6.2 per cent during the 12-month period to Dh644.3 billion, marking its highest annual contribution yet to the total gross domestic product at 54.7 per cent, state news agency Wam reported in March. ADGM has also been growing its jurisdiction to cater to increasing demand, and in the first quarter, completed its expansion to Al Reem Island. More than 600 new businesses have set up on Al Reem Island, and more than 500 existing companies have migrated to an ADGM licence, it said. Currently, a total of 1,100 new entities operate within ADGM's expanded jurisdiction. In terms of workforce, a total of 3,509 new ADGM work permits have been issued to businesses establishing on Al Reem Island. The workforce on Al Maryah Island also rose 17 per cent annually in the first quarter to more than 29,000 individuals. In February, ADGM announced new employment regulations, which took effect in April, that offer people working remotely for companies in the financial zone the same rights as office-based staff, such as maternity leave, sick pay and end-of-service payments. In January, ADGM also introduced a revised fee schedule, reducing commercial licence costs by 50 per cent or more for non-financial and retail businesses. The new structure, aimed at supporting small businesses, sets a flat licence fee of Dh1,000. Looking ahead, ADGM said it 'expects continued growth in the market, reinforced by an increasing interest from international firms across Europe and Asia'.
Yahoo
a day ago
- Business
- Yahoo
Nuveen Closed-End Funds Declare Distributions and Nuveen Multi-Asset Income Fund Announces Change from Quarterly to Monthly Regular Distributions
NEW YORK, June 02, 2025--(BUSINESS WIRE)--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 Shareholders can expect regular distribution information to be posted on 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 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 The Nuveen Multi-Asset Income Fund (NYSE: NMAI) today announced the Board of Trustees of the Fund has approved a change in the fund's regular distribution frequency from quarterly to monthly beginning with the distribution payable on July 1, 2025. The change to a monthly regular distribution is intended to broaden the appeal of the Fund to cash flow focused investors. The fund is changing its regular distribution amount from $0.4175 per quarter to a regular monthly distribution amount of $0.1260, which reflects a roughly 9 percent reduction on a monthly equivalent basis. The fund's monthly distribution amount per share is listed in the table below. 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 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 13, 2025 Ex-Dividend Date June 13, 2025 Payable Date July 1, 2025 Monthly Distribution Per Share Ticker Exchange Fund Name Amount Change from Previous Month National Municipal NXP NYSE Nuveen Select Tax-Free Income Portfolio $0.0520 - NUV NYSE Nuveen Municipal Value Fund, Inc. $0.0325 - NUW NYSE Nuveen AMT-Free Municipal Value Fund $0.0485 - NMI NYSE Nuveen Municipal Income Fund, Inc. $0.0380 - NIM NYSE Nuveen Select Maturities Municipal Fund $0.0275 - NZF NYSE Nuveen Municipal Credit Income Fund $0.0795 - NMZ NYSE Nuveen Municipal High Income Opportunity Fund $0.0655 - NAD NYSE Nuveen Quality Municipal Income Fund $0.0755 - NEA NYSE Nuveen AMT-Free Quality Municipal Income Fund $0.0730 - NVG NYSE Nuveen AMT-Free Municipal Credit Income Fund $0.0790 - NMCO NYSE Nuveen Municipal Credit Opportunities Fund $0.0685 - NDMO NYSE Nuveen Dynamic Municipal Opportunities Fund $0.0620 - California Municipal NAC NYSE Nuveen California Quality Municipal Income Fund $0.0735 - NKX NYSE Nuveen California AMT-Free Quality Municipal Income Fund $0.0760 - NCA NYSE Nuveen California Municipal Value Fund $0.0290 - NXC NYSE Nuveen California Select Tax-Free Income Portfolio $0.0455 - New York Municipal NRK NYSE Nuveen New York AMT-Free Quality Municipal Income Fund $0.0690 - NAN NYSE Nuveen New York Quality Municipal Income Fund $0.0720 - NXN NYSE Nuveen New York Select Tax-Free Income Portfolio $0.0420 - NNY NYSE Nuveen New York Municipal Value Fund $0.0295 - Other State Municipal Funds NAZ NYSE Nuveen Arizona Quality Municipal Income Fund $0.0725 - NMT NYSE Nuveen Massachusetts Quality Municipal Income Fund $0.0710 - NMS NYSE Nuveen Minnesota Quality Municipal Income Fund $0.0735 - NOM NYSE Nuveen Missouri Quality Municipal Income Fund $0.0675 - NXJ NYSE Nuveen New Jersey Quality Municipal Income Fund $0.0785 - NQP NYSE Nuveen Pennsylvania Quality Municipal Income Fund $0.0780 - NPV NYSE Nuveen Virginia Quality Municipal Income Fund $0.0720 - Preferred and Income Securities JPC NYSE Nuveen Preferred & Income Opportunities Fund $0.0665 - JPI NYSE Nuveen Preferred and Income Term Fund $0.1660 - NPFD NYSE Nuveen Variable Rate Preferred & Income Fund $0.1675 - Taxable Municipals NBB NYSE Nuveen Taxable Municipal Income Fund $0.0965 - Floating Rate JFR NYSE Nuveen Floating Rate Income Fund $0.0850 - JQC NYSE Nuveen Credit Strategies Income Fund $0.0540 - Mortgage-Backed Securities JMM NYSE Nuveen Multi-Market Income Fund $0.0290 - JLS NYSE Nuveen Mortgage and Income Fund $0.1535 - 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 - Taxable Fixed Income-Multi-Sector NPCT NYSE Nuveen Core Plus Impact Fund $0.1075 -$0.0115 Multi-Asset NMAI* NYSE Nuveen Multi-Asset Income Fund $0.1260 -$0.013167** *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"). **Regular distribution frequency changed from quarterly to monthly. Amount reflects the change in per share amount over the prior distribution on a monthly equivalent basis. 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 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 13, 2025 Ex-Dividend Date June 13, 2025 Payable Date July 1, 2025 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 $0.3010 - BXMX* NYSE Nuveen S&P 500 Buy-Write Income Fund $0.2725 - QQQX* NASDAQ Nuveen NASDAQ 100 Dynamic Overwrite Fund $0.5600 - SPXX* NYSE Nuveen S&P 500 Dynamic Overwrite Fund $0.3375 - 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 28, 2025) 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. It is estimated that JRS, QQQX, SPXX and BXMX 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 Data as of 2/28/2025 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) .5600 0.0000 0.0171 0.2070 0.3359 0.5600 0.0000 0.0171 0.2070 0.3359 0.0% 3.1% 37.0% 60.0% SPXX (FYE 12/31) .3375 0.0000 0.0192 0.0680 0.2503 0.3375 0.0000 0.0192 0.0680 0.2503 0.0% 5.7% 20.1% 74.2% BXMX (FYE 12/31) .2725 0.0080 0.0000 0.0135 0.2510 0.2725 0.0080 0.0000 0.0135 0.2510 2.9% 0.0% 5.0% 92.1% DIAX (FYE 12/31) .3010 0.0287 0.2191 0.0532 0.0000 0.3010 0.0287 0.2191 0.0532 0.0000 9.5% 72.8% 17.7% 0.0% JCE (FYE 12/31) .3200 0.0000 0.0000 0.3200 0.0000 0.3200 0.0000 0.0000 0.3200 0.0000 0.0% 0.0% 100.0% 0.0% 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 2/28/2025 Annualized Cumulative Inception Date Quarterly Distribution Fiscal YTD Distribution NAV 5-Year Return on NAV 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 9.36 5.91% 7.26% 3.54% 1.82% QQQX (FYE 12/31) Jan-2007 .5600 .5600 28.78 12.82% 7.78% -2.14% 1.95% SPXX (FYE 12/31) Nov-2005 .3375 .3375 18.69 12.28% 7.22% 1.36% 1.81% BXMX (FYE 12/31) Oct-2004 .2725 .2725 15.43 11.27% 7.06% 1.65% 1.77% DIAX (FYE 12/31) Apr-2005 .3010 .3010 17.31 8.60% 6.96% 3.47% 1.74% JCE (FYE 12/31) Mar-2007 .3200 .3200 15.74 14.35% 8.13% 1.68% 2.03% 1As a percentage of 2/28/2025 NAV. Nuveen is a leading sponsor of closed-end funds (CEFs) with $53 billion of assets under management across 45 CEFs as of 31 March 2025. 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. 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 $1.3 trillion in assets under management as of 31 March 2025 and operations in 32 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 Nuveen Securities, LLC, member FINRA and SIPC. The information contained on the Nuveen website is not a part of this press release. 4540603 View source version on Contacts For more information, please visit Nuveen's CEF homepage or contact: Financial Professionals:800-752-8700 Investors:800-257-8787 Media:media-inquiries@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
a day ago
- Business
- Business Wire
Nuveen Closed-End Funds Declare Distributions and Nuveen Multi-Asset Income Fund Announces Change from Quarterly to Monthly Regular Distributions
NEW YORK--(BUSINESS WIRE)--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 Shareholders can expect regular distribution information to be posted on 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 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 The Nuveen Multi-Asset Income Fund (NYSE: NMAI) today announced the Board of Trustees of the Fund has approved a change in the fund's regular distribution frequency from quarterly to monthly beginning with the distribution payable on July 1, 2025. The change to a monthly regular distribution is intended to broaden the appeal of the Fund to cash flow focused investors. The fund is changing its regular distribution amount from $0.4175 per quarter to a regular monthly distribution amount of $0.1260, which reflects a roughly 9 percent reduction on a monthly equivalent basis. The fund's monthly distribution amount per share is listed in the table below. 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 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: Ticker Exchange Fund Name Amount National Municipal NXP NYSE Nuveen Select Tax-Free Income Portfolio $0.0520 - NUV NYSE Nuveen Municipal Value Fund, Inc. $0.0325 - NUW NYSE Nuveen AMT-Free Municipal Value Fund $0.0485 - NMI NYSE Nuveen Municipal Income Fund, Inc. $0.0380 - NIM NYSE Nuveen Select Maturities Municipal Fund $0.0275 - NZF NYSE Nuveen Municipal Credit Income Fund $0.0795 - NMZ NYSE Nuveen Municipal High Income Opportunity Fund $0.0655 - NAD NYSE Nuveen Quality Municipal Income Fund $0.0755 - NEA NYSE Nuveen AMT-Free Quality Municipal Income Fund $0.0730 - NVG NYSE Nuveen AMT-Free Municipal Credit Income Fund $0.0790 - NMCO NYSE Nuveen Municipal Credit Opportunities Fund $0.0685 - NDMO NYSE Nuveen Dynamic Municipal Opportunities Fund $0.0620 - California Municipal NAC NYSE Nuveen California Quality Municipal Income Fund $0.0735 - NKX NYSE Nuveen California AMT-Free Quality Municipal Income Fund $0.0760 - NCA NYSE Nuveen California Municipal Value Fund $0.0290 - NXC NYSE Nuveen California Select Tax-Free Income Portfolio $0.0455 - New York Municipal NRK NYSE Nuveen New York AMT-Free Quality Municipal Income Fund $0.0690 - NAN NYSE Nuveen New York Quality Municipal Income Fund $0.0720 - NXN NYSE Nuveen New York Select Tax-Free Income Portfolio $0.0420 - NNY NYSE Nuveen New York Municipal Value Fund $0.0295 - Other State Municipal Funds NAZ NYSE Nuveen Arizona Quality Municipal Income Fund $0.0725 - NMT NYSE Nuveen Massachusetts Quality Municipal Income Fund $0.0710 - NMS NYSE Nuveen Minnesota Quality Municipal Income Fund $0.0735 - NOM NYSE Nuveen Missouri Quality Municipal Income Fund $0.0675 - NXJ NYSE Nuveen New Jersey Quality Municipal Income Fund $0.0785 - NQP NYSE Nuveen Pennsylvania Quality Municipal Income Fund $0.0780 - NPV NYSE Nuveen Virginia Quality Municipal Income Fund $0.0720 - Preferred and Income Securities JPC NYSE Nuveen Preferred & Income Opportunities Fund $0.0665 - JPI NYSE Nuveen Preferred and Income Term Fund $0.1660 - NPFD NYSE Nuveen Variable Rate Preferred & Income Fund $0.1675 - Taxable Municipals NBB NYSE Nuveen Taxable Municipal Income Fund $0.0965 - Floating Rate JFR NYSE Nuveen Floating Rate Income Fund $0.0850 - JQC NYSE Nuveen Credit Strategies Income Fund $0.0540 - Mortgage-Backed Securities JMM NYSE Nuveen Multi-Market Income Fund $0.0290 - JLS NYSE Nuveen Mortgage and Income Fund $0.1535 - 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 - Taxable Fixed Income-Multi-Sector NPCT NYSE Nuveen Core Plus Impact Fund $0.1075 -$0.0115 Multi-Asset NMAI* NYSE Nuveen Multi-Asset Income Fund $0.1260 -$0.013167** Expand * 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'). ** Regular distribution frequency changed from quarterly to monthly. Amount reflects the change in per share amount over the prior distribution on a monthly equivalent basis. 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 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. The following dates apply to today's declarations: * 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 28, 2025) 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. It is estimated that JRS, QQQX, SPXX and BXMX 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 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. Nuveen is a leading sponsor of closed-end funds (CEFs) with $53 billion of assets under management across 45 CEFs as of 31 March 2025. 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. 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 $1.3 trillion in assets under management as of 31 March 2025 and operations in 32 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 Nuveen Securities, LLC, member FINRA and SIPC. The information contained on the Nuveen website is not a part of this press release. 4540603
CNBC
6 days ago
- Business
- CNBC
German stocks are on a tear. Is it time to cash out?
German stocks have massively outperformed their peers in Europe and the US this year. Silvia breaks down what's driving that boom - and whether it's time to cash out - with Nuveen's Laura Cooper.
CNBC
6 days ago
- Business
- CNBC
How Germany's DAX outperformed its peers to become the new market darling
German stocks have particularly an impressive run so far this year span across a range of sectors, from banking to defence stocks. Laura Cooper, Head of Macro Credit and Global Investment Strategist at Nuveen, explains what's driving the German index's strong performance.
