Newly Merged Nuveen Closed-End Funds Declare Post-Merger Distributions
Declaration Ensures Shareholders Receive Full Tax-Exempt Distribution Amount
CHICAGO--(BUSINESS WIRE)-- Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that the Nuveen AMT-Free Municipal Income Fund (NYS: NEA) has declared an additional, post-merger distribution. This distribution follows the recent announced merger, which was successfully completed before the market open on May 6, 2013. The following dates apply to NEA's common share distribution:
|Record Date||May 16, 2013|
|Ex-Dividend Date||May 14, 2013|
|Payable Date||July 1, 2013|
|Reinvest Date||July 1, 2013||Distribution Per Share|
|NEA||Nuveen AMT-Free Municipal Income Fund||$0.0209|
The purpose of this additional distribution is to ensure that shareholders will not experience a reduced monthly tax-exempt distribution amount. When combined with the pre-merger distribution, declared April 23, 2013 payable July 1, 2013, all shareholders from funds participating in the merger 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.
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, 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. In total, Nuveen Investments managed $224 billion as March 31, 2013. 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.
KEYWORDS: United States North America Illinois
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