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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Nuveen North Carolina Dividend Advantage Municipal Fund 3 IT IS A Newly Organized, Non-Diversified, Closed-End Management Invest | AMEX:NII | AMEX | Ordinary Share |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From Nov 2019 to Nov 2024
Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced distributions for certain Nuveen Connecticut, Georgia and North Carolina state municipal bond closed-end funds. The shareholders of the funds listed below, have approved proxies to reorganize into larger funds. The reorganization is expected to take place after the close of business on Friday, July 6, 2012, effective Monday July 9, 2012, with three funds acquiring the common and preferred assets of the other funds. The goal of this reorganization is to create three, larger state-specific municipal bond funds, with lower operating expenses and increased share trading volume.
Acquired Fund Symbol Acquiring Fund Symbol -- Nuveen Connecticut Dividend Advantage Municipal Fund NFCNuveen Connecticut
NTC -- Nuveen Connecticut Dividend Advantage Municipal Fund 2 NGKPremium Income
-- Nuveen Connecticut Dividend Advantage Municipal Fund 3 NGOMunicipal Fund
-- Nuveen Georgia Premium Income Municipal Fund NPGNuveen Georgia
NKG -- Nuveen Georgia Dividend Advantage Municipal Fund NZXDividend AdvantageMunicipal 2 Fund
-- Nuveen North Carolina Dividend Advantage Municipal Fund NRBNuveen North Carolina
NNC -- Nuveen North Carolina Dividend Advantage Municipal 2 Fund NNOPremium Income
-- Nuveen North Carolina Dividend Advantage Municipal 3 Fund NIIMunicipal Fund
Regulations require that the acquired funds fully distribute any accumulated undistributed net investment income (UNII) as well as capital gains prior to effecting a reorganization. Consequently, eight funds (NFC, NGK, NGO, NPG, NZX, NRB, NNO and NII) are declaring distributions which will comply with these regulations, payable August 1, 2012 to fund shareholders of record on July 6, 2012. In addition, the acquiring funds NTC, NKG and NNC are declaring distributions payable August 1, 2012 to shareholders of record on July 6, 2012. Following the merger NTC, NKG and NNC will declare an additional distribution, also payable August 1, 2012. The total dollar amount of the combined pre- and post-merger tax-exempt distributions received on August 1, 2012 will be equal to or greater than the shareholder’s prior monthly tax-exempt dividend.
Some portion of these distributions is taxable* to shareholders under the Internal Revenue Code as long-term and or short-term capital gains. The distribution information is detailed in the table below.
For more information about UNII, each fund, and the shareholder-approved reorganization, please visit http://www.nuveen.com/CEF.
The following dates apply to distribution declarations for the following Closed-End Funds:
Record Date July 6, 2012 Ex-Dividend Date July 3, 2012 Payable Date August 1, 2012 Reinvest Date August 1, 2012 Distribution AmountTax-ExemptIncome
Long-termCapital Gain
Tax-ExemptIncome
OrdinaryIncome
Acquiring Fund NNC 0.0091 - - - Acquired Funds NRB 0.0379 0.0253 - - NNO 0.0168 - - - NII 0.0092 - - - Acquiring Fund NTC 0.0418 - - - Acquired Funds NFC 0.0667 0.0183 0.0232 0.0018 NGK 0.0411 0.0391 - - NGO 0.0499 - - 0.0075 Acquiring Fund NKG 0.0482 - - - Acquired Funds NPG 0.1226 - - - NZX 0.0528 - - -Acquired Fund Muni-Term Preferred (MTP) shares will be replaced with newly issued shares of MTP from the acquiring Funds with substantially similar terms. Consequently, the MTP series being replaced are declaring final distributions for the period July 1, 2012 through July 8, 2012, which will be payable August 1, 2012. The new MTP series of the acquiring fund will declare a distribution on the effective date of the merger for the period of July 9, 2012 through July 31, 2012 which, when combined with the distributions listed below will be equal to the shareholders original pre-merger monthly distribution.
Record Date July 6, 2012 Ex-Dividend Date July 3, 2012 Payable Date August 1, 2012 Reinvest Date August 1, 2012 Tax-Free Distribution Per Ticker MuniFund Term Preferred Share NGK PrC Connecticut Dividend Advantage Municipal Fund 2 MTP 0.005778 NGO PrC Connecticut Dividend Advantage Municipal Fund 3 MTP 0.005889 NFC PrC Connecticut Dividend Advantage Municipal Fund MTP 0.005778 NZX PrC Georgia Dividend Advantage Municipal Fund MTP 0.005889 NPG PrC Georgia Premium Income Municipal Fund MTP 0.005889 NNO PrC North Carolina Dividend Advantage Municipal Fund 2 MTP 0.005778 NII PrC North Carolina Dividend Advantage Municipal Fund 3 MTP 0.005889 NRB PrC North Carolina Dividend Advantage Municipal Fund MTP 0.005778Nuveen 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 is not a tax advisor. You should consult with a tax specialist for specific tax advice.
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