Newly Merged Nuveen Closed-End Funds Declare Post-Merger Distributions Declaration Ensures Shareholders Receive Full Tax-Exempt Distribution Amount Business Wire CHICAGO -- June 9, 2014 Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that the Nuveen California Dividend Advantage Municipal Fund (NAC), Nuveen California AMT-Free Municipal Income Fund (NKX) and Nuveen Massachusetts Premium Income Municipal Fund (NMT) have declared additional, post-merger distributions. These distributions follow the recently announced mergers, which were successfully completed before the market open on June 9, 2014. NAC and NMT today declared additional distributions on their common shares. The following dates apply to today’s NAC and NMT common share distributions: Record Date June 19, 2014 Ex-Dividend Date June 17, 2014 Payable Date August 1, 2014 Reinvest Date August 1, 2014 Distribution Per Share Tax Exempt Ticker Fund Name Amount NAC Dividend Advantage $.0054 Record Date June 19, 2014 Ex-Dividend Date June 17, 2014 Payable Date July 1, 2014 Reinvest Date July 1, 2014 Distribution Per Share Tax Exempt Ticker Fund Name Amount NMT MA Premium Income $.0408 The purpose of the additional distributions is to ensure that shareholders will not experience a reduced monthly tax-exempt distribution amount. When combined with pre-merger distributions, declared May 27, 2014, payable August 1, 2014 for NAC and July 1, 2014 for NMT, all shareholders from funds participating in the NAC and NMT mergers will receive a total dollar amount equal to or greater than the tax-exempt income declared by their original fund in the month prior to the mergers. In addition, for both the NKX and NMT mergers, Muni-Term Preferred (MTP) shares of acquired funds were replaced by newly issued shares of MTP from the acquiring funds with substantially similar terms. The initial distribution for these new MTP shares is prorated for the period June 9, 2014 through June 30, 2014. The following dates apply to today's distribution declarations for the following MTP Shares issued by NKX and NMT: Record Date June 19, 2014 Ex-Dividend Date June 17, 2014 Payable Date July 1, 2014 Ticker MuniFund Term Preferred Tax-Free Distribution Per Share NKX PrC Nuveen California AMT-Free 0.01222247 Municipal Income Fund MTP NMT PrE Nuveen Massachusetts Premium Income 0.01588913 Municipal Fund MTP NMT PrF Nuveen Massachusetts Premium Income 0.01619420 Municipal Fund MTP 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. Funds distributed by Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc. In total, Nuveen Investments managed nearly $225 billion as of March 31, 2014. 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. 1515-INV-O06/15 Contact: Nuveen Investments Media Contact: Kathleen Cardoza (312) 917-7813 firstname.lastname@example.org
Newly Merged Nuveen Closed-End Funds Declare Post-Merger Distributions
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