Nuveen Intermediate Duration Quality Municipal Term Fund Declares Initial Monthly Distribution
CHICAGO--(BUSINESS WIRE)-- Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced the first distribution declaration for the Nuveen Intermediate Duration Quality Municipal Term Fund of $.0480 per share. The fund began trading on the NYSE on February 8, 2013. This distribution reflects an annualized distribution rate of 3.84 percent based on the fund's $15.00 per share IPO price.
The following dates apply to today's distribution declaration:
April 15, 2013
April 11, 2013
May 1, 2013
Nuveen Intermediate Duration Quality Municipal Term Fund
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.
Kristyna Munoz, (312) 917-8343
KEYWORDS: United States North America Illinois New York
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