AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Nuveen Closed-End Funds Declare Pre-Merger Distributions

November 5, 2019

NEW YORK--(BUSINESS WIRE)--Nov 5, 2019--

Three Nuveen Closed-End Funds announced pre-merger distributions. The specific distribution dates and amounts are detailed below. As previously announced, the shareholders of Nuveen North Carolina Quality Municipal Income Fund (NYSE: NNC) approved the fund’s reorganization into Nuveen AMT-Free Quality Municipal Income Fund (NYSE: NEA), and the shareholders of Nuveen Connecticut Quality Municipal Income Fund (NYSE: NTC) approved the fund’s merger into Nuveen AMT-Free Municipal Credit Income Fund (NYSE: NVG).

The pre-merger distribution for each fund being acquired is intended to fully distribute the acquired fund’s accumulated undistributed net investment income (UNII) prior to the reorganization going effective.

As previously announced, following the transactions, the surviving funds, NEA and NVG, are expected to declare additional post-closing distributions, with a record date of November 29, 2019, payable December 2, 2019. For each fund, the total per-common share dollar amount of the pre- and post-closing tax-exempt distributions received on December 2, 2019 will be equal to or greater than the per-common share dollar amount of the prior month’s tax-exempt dividend.

The following dates apply to today’s pre-merger distribution declarations:

Record Date

November 15, 2019

Ex-Dividend Date

November 14, 2019

Payable Date

December 2, 2019

Per Share Distribution

Ticker

Exchange

Fund Name

Tax-Exempt

Income

Ordinary

Income

NEA

NYSE

Nuveen AMT-Free Quality Municipal Income Fund

$.0418

-

NNC

NYSE

Nuveen North Carolina Quality Municipal Income Fund

$.0276

-

NVG

NYSE

Nuveen AMT-Free Municipal Credit Income Fund

$.0167

-

NTC

NYSE

Nuveen Connecticut Quality Municipal Income Fund

$.0000

-

For more information about UNII, each fund and the shareholder-approved reorganizations, please visit www.nuveen.com/CEF.

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 $1 trillion in assets under management as of 30 September 2019 and operations in 24 countries. Its investment specialists 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

Nuveen Securities, LLC, member FINRA and SIPC.

The information contained on the Nuveen website is not a part of this press release.

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:

• market developments;

• legal and regulatory developments; and

• other additional risks and uncertainties.

Nuveen and the closed-end funds managed by Nuveen and its affiliates undertake no responsibility to update publicly or revise any forward-looking statement.

EPS- 1001329PR-E1019

View source version on businesswire.com:https://www.businesswire.com/news/home/20191105006147/en/

CONTACT: Advisors:

800-752-8700Investors:

800-257-8787Media:

media-inquiries@nuveen.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: Nuveen

Copyright Business Wire 2019.

PUB: 11/05/2019 04:15 PM/DISC: 11/05/2019 04:15 PM

http://www.businesswire.com/news/home/20191105006147/en