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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Nuveen California Municipal Market Opportunity Fund, Inc. | NYSE:NCO | NYSE | Ordinary Share |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 14.76 | 0.00 | 00:00:00 |
From Feb 2020 to Feb 2025
Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced distributions for eight Nuveen California and three Massachusetts municipal closed-end funds. The specific distribution dates and amounts are detailed below. The reorganizations are expected to take place after the close of business on June 6, effective June 9. The shareholders of these funds have approved the following reorganization of their funds into single, larger funds as previously announced. The mergers are intended to create single state funds with lower operating expenses and increased trading volume on the exchange for common shares.
In connection with the shareholder approval, the funds will be merged as follows:
Acquired Funds Symbol Acquiring Fund Symbol• Nuveen California Performance
NCP Plus Municipal Fund, Inc.• Nuveen California Municipal
NCOMarket Opportunity Fund, Inc.
Nuveen California
• Nuveen California Investment
NQCDividend Advantage
NAC
Quality Municipal Fund, Inc.Municipal Fund
• Nuveen California Quality Income
NUC Municipal Fund, Inc.• Nuveen California Select Quality
NVC Municipal Fund, Inc. Acquired Fund Symbol Acquiring Fund Symbol Nuveen California PremiumNCU
Nuveen California AMT-FreeNKX
Income Municipal FundMunicipal Income Fund
Acquired Funds Symbol Acquiring Fund Symbol
• Nuveen Massachusetts Dividend
NMBAdvantage Municipal Fund
Nuveen Massachusetts
Premium Income
NMT
• Nuveen Massachusetts AMT-Free
NGX Municipal Fund Municipal Income FundThe following dates apply to distribution declarations for the following Closed-End Funds:
Record Date June 6, 2014 Ex-Dividend Date June 4, 2014 Payable Date July 1, 2014 Reinvest Date July 1, 2014
Per Share Distribution Amount
Tax-ExemptTicker
Fund Name
IncomeCalifornia
NAC Dividend Advantage 0.0740 NCP Performance Plus 0.1871 NCO Market Opportunity 0.2026 NQC Investment Quality 0.1504 NUC Quality Income 0.2242 NVC Select Quality 0.1604 NKX CA AMT-Free Municipal Income 0.0700 NCU Premium Income 0.1664Massachusetts
NMT MA Premium Income 0.0147 NMB MA Dividend Advantage 0.0135 NGX Insured MA Tax-Free Advantage 0.0134 Record Date June 6, 2014Ex-Dividend Date
June 4, 2014 Payable Date August 1, 2014 Reinvest Date August 1, 2014Per Share Distribution Amount
Tax-ExemptTicker
Fund Name
IncomeCalifornia
NAC Dividend Advantage 0.0686 NCP Performance Plus 0.1081 NCO Market Opportunity 0.1226 NQC Investment Quality 0.0734 NUC Quality Income 0.1392 NVC Select Quality 0.0774 NKX CA AMT-Free Municipal Income 0.0700 NCU Premium Income 0.0964The following dates apply to today's distribution declarations for the following MTP Shares:
Record Date June 6, 2014 Ex-Dividend Date June 4, 2014 Payable Date July 1, 2014Ticker
MuniFund Term Preferred
Monthly Tax-FreeDistribution Per Share
NCU PrC Nuveen California Premium Income Municipal Fund MTP 0.004444 NGX PrC Nuveen Massachusetts AMT-Free Municipal Income Fund MTP 0.005889 NMB PrC Nuveen Massachusetts Dividend Advantage Municipal Fund MTP 0.005778Regulations require that acquired funds in any reorganization fully distribute any accumulated undistributed net investment income (UNII) prior to effecting the reorganization.
NCP, NCO, NQC, NUC and NVC are declaring distributions which will comply with these regulations, payable July 1, 2014 and August 1, 2014 to fund shareholders of record on June 6, 2014. Following the merger, NAC is expected to declare an additional distribution, payable August 1, 2014. The total dollar amount of the pre- and post-merger tax-exempt distributions received on July 1, 2014 as well as August 1, 2014 will be equal to or greater than the shareholder’s prior monthly tax-exempt dividend.
Since the record date is June 6, 2014 for each funds’ distributions payable July 1, 2104 and all or a portion of the August 1, 2014 payable, any new fund shares acquired between the associated ex-dividend date of June 4, 2014 and the September distribution’s ex-dividend date of August 13, 2014 will not receive a full monthly distribution until September 2, 2014. However, the tax-exempt income earned on these shares during this period will be reflected in the fund’s net asset value as undistributed net investment income (UNII) which will be paid out over time. Shareholders of all 6 funds who hold shares as of the June 6, 2014 record date and continue to hold shares of NAC on the record date of the expected post-merger distribution will continue to receive full monthly distributions each month from July 1, 2014 through August 1, 2014. The distribution information is detailed in the table above.
NCU is declaring distributions which will comply with these regulations, payable July 1, 2014 and August 1, 2014 to fund shareholders of record on June 6, 2014. Since the record date is June 6, 2014 for the fund’s distributions payable July 1, 2104 and August 1, 2014, any new fund shares acquired between the associated ex-dividend date of June 4, 2014 and the September distribution’s ex-dividend date of August 13, 2014 will not receive a full monthly distribution until September 2, 2014. However, the tax-exempt income earned on these shares during this period will be reflected in the fund’s net asset value as undistributed net investment income (UNII) which will be paid out over time. Shareholders of the fund who hold shares as of the June 6, 2014 record date will continue to receive full monthly distributions each month from July 1, 2014 through August 1, 2014. The distribution information is detailed in the table above.
NGX and NMB are declaring distributions which will comply with these regulations, payable July 1, 2014 to fund shareholders of record on June 6, 2014. Following the merger, NMT is expected to declare an additional distribution, payable July 1, 2014. The total dollar amount of the pre- and post-merger tax-exempt distributions received on July 1, 2014 will be equal to or greater than the shareholder’s prior monthly tax-exempt dividend.
Since the record date is June 6, 2014 for a portion of the payable July 1, 2104, any new fund shares acquired between the associated ex-dividend date of June 4, 2014 and the August distribution’s ex-dividend date of July 11, 2014 will not receive a full monthly distribution until August 1, 2014. However, the tax-exempt income earned on these shares during this period will be reflected in the fund’s net asset value as undistributed net investment income (UNII) which will be paid out over time. The distribution information is detailed in the table above.
For more information about UNII, each fund, and the shareholder-approved reorganization, please visit http://www.nuveen.com/CEF.
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 approximately $225 billion as of March 31, 2014. For more information, please visit the Nuveen Investments website at www.nuveen.com.
FORWARD LOOKING STATEMENTS
Certain statements made in this release are forward-looking statements. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements due to numerous factors. These include, but are not limited to:
Nuveen and the closed-end funds managed by Nuveen and its affiliates undertake no responsibility to update publicly or revise any forward-looking statements.
Nuveen InvestmentsMedia Contact:Kathleen Cardoza(312) 917-7813kathleen.cardoza@nuveen.com
1 Year Nuveen California Municipal Market Opportunity Fund, Inc. Chart |
1 Month Nuveen California Municipal Market Opportunity Fund, Inc. Chart |
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