Recently Merged Nuveen New York AMT-Free Municipal Income Fund Declares Distribution
CHICAGO--(BUSINESS WIRE)-- Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced the upcoming June 2013 distribution for the Nuveen New York AMT-Free Municipal Income Fund (NYSE MKT: NRK). In a previously announced merger, NRK acquired substantially all of the assets and liabilities of five other Nuveen sponsored New York state municipal closed-end funds. The fund's distribution is listed below and is intended to maintain or increase the overall distribution amount received by shareholders of all six merged funds, relative to the last regular monthly distribution amount received prior to the merger completion.
The following dates apply to today's distribution declaration:
May 15, 2013
May 13, 2013
June 3, 2013
Nuveen New York AMT-Free Municipal Income Fund
For more detail information regarding this distribution information, please refer to the NRK Post-Merger Reference Guide.
After June 3, 2013, going forward, the fund intends to make regular monthly distributions to its shareholders based on its past and projected performance. The fund will seek to establish a distribution rate that roughly corresponds to the fund's projections of the cash flow that could reasonably be expected to be generated by the fund's portfolio investments net of fund expenses, over an extended period of time. As market conditions and portfolio performance may change, the rate of distributions on the shares and the fund's distribution policy could change.
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 $219 billion as of December 31, 2012. 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:
- 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 statements.
KEYWORDS: United States North America Illinois
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