CORRECTING and REPLACING Three Nuveen Closed-End Funds Announce Availability of 19(a) Notices
26 Septiembre 2018 - 5:09PM
Business Wire
Fourth paragraph, fourth sentence of release should read: For
QQQX and SPXX, 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 are shown below as being
estimated to be) a return of capital.
The corrected release reads:
THREE NUVEEN CLOSED-END FUNDS ANNOUNCE
AVAILABILITY OF 19(A) NOTICES
The 19(a) quarterly distribution notices for the Nuveen Real
Estate Income Fund (JRS), Nuveen Nasdaq 100 Dynamic Overwrite Fund
(QQQX) and Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) are now
available. These informational notices provide further details on
the sources of the funds’ quarterly distributions payable
10/1/2018, and follows the most recent quarterly distribution
announcements. The full text of these notices is available below or
on the Nuveen website via Distribution Source Estimates.
Important Information Regarding
Quarterly Distributions
THIS NOTICE IS FOR INFORMATIONAL PURPOSES 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 receive distributions and
statements from your financial advisor or brokerage account. An
electronic copy of this notice is also posted under distribution
notices at www.nuveen.com/cef.
This notice provides shareholders with information regarding
fund distributions, as required by current securities laws. You
should not draw any conclusions about the Fund’s investment
performance from the amount of this distribution or from the terms
of the Fund’s Managed Distribution Policy.
The following table provides estimates of the Fund’s
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 QQQX and SPXX, 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 are 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 the Funds’ investment
experience during the remainder of its fiscal year and may be
subject to changes based on tax regulations. Each Fund will send a
Form 1099-DIV for the calendar year that will tell you how to
report these 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 8/31/2018 Current Quarter Fiscal YTD
Estimated Percentages Estimated Sources of
Distribution 1 Estimated Sources of Distribution
1 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) .2050 .0735 .1315 .0000 .0000 .6400 .2296 .4104 .0000 .0000
35.9% 64.1% 0.0% 0.0% QQQX (FYE 12/31) .4200 .0146 .3944 .0000
.0110 1.2600 .0438 1.1832 .0000 .0330 3.5% 93.9% 0.0% 2.6% SPXX
(FYE 12/31) .2800 .0427 .1539 .0000 .0834 .8400 .1280 .4618 .0000
.2502 15.2% 55.0% 0.0% 29.8% 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 JRS’
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 8/31/2018
Fiscal
Annualized Cumulative Quarterly YTD
5-Year Fiscal YTD Fiscal YTD Fiscal YTD
Inception Dist
Dist NAV Return on
NAV Dist Rate on
NAV1 Return on
NAV Dist Rate on
NAV1 JRS (FYE 12/31) Nov 2001 .2050
.6400 11.28 11.56% 7.57% 3.59% 5.67% QQQX (FYE 12/31) Jan 2007
.4200 1.2600 25.05 16.57% 6.71% 13.81% 5.03% SPXX (FYE 12/31) Nov
2005 .2800 .8400 17.08 9.64% 6.56% 7.41% 4.92%
1As
a percentage of 8/31/2018 NAV.
For more general closed-end fund information and education,
please visit Nuveen’s closed-end fund website.
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 $973 billion in assets under management as of
6/30/18 and operations in 16 countries. Its affiliates 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.
The information contained on the Nuveen website is not a part of
this press release.
Nuveen Securities, LLC, member FINRA and
SIPC.
614097-INV-O-09/20
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version on businesswire.com: https://www.businesswire.com/news/home/20180926005986/en/
NuveenKristyna Munoz254-644-1615Kristyna.munoz@nuveen.com
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