o | Preliminary Proxy Statement. | |
o | Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)). | |
þ | Definitive Proxy Statement. | |
o | Definitive Additional Materials. | |
o | Soliciting Material Pursuant to §240.14a-11(c) or §240.14a-12 |
þ | No fee required. | |
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Q. | Why am I receiving this Joint Proxy Statement? | |
A. | You are receiving this Joint Proxy Statement in connection with the annual shareholders meeting of the Nuveen closed-end funds listed at the top of the Notice of Annual Meeting of Shareholders (each a Fund and collectively, the Funds). The following proposals will be considered: |
(i) | the election of board members for each Fund (the list of specific nominees is contained in the enclosed Joint Proxy Statement); | |
(ii) | the elimination of the current fundamental investment policy and adoption of a new fundamental investment policy regarding the ability to make loans by each Affected Municipal Fund (as defined in the Joint Proxy Statement) in order to update and conform such Funds policies with other Nuveen closed-end municipal funds. | |
(iii) | the elimination of certain fundamental investment policies and adoption of new fundamental investment policies for Nuveen California Investment Quality Municipal Fund, Inc. and Nuveen California Performance Plus Municipal Fund, Inc. in order to update and conform such Funds policies with other Nuveen closed-end municipal funds relating to municipal securities and below investment grade securities, derivatives and short sales and other investment companies. |
Q. | Why are the funds proposing a change to their fundamental investment policies? | |
A. | The proposals are part of a multi-year effort to ensure that all of Nuveens municipal bond closed-end funds have a uniform and up-to-date set of investment policies that reflect the evolution and changes in the municipal bond market that have emerged over the past 20 years. The proposed changes are part of a more comprehensive best practices initiative on behalf of the funds that began more than three years ago. | |
Nuveens municipal bond closed-end funds have been brought to market at different intervals over the course of more than 20 years, and reflect various policies and investment capabilities prevalent at the time of their creation. The investment policies of older funds generally do not reflect subsequent developments in the municipal market, including new types of securities and investment strategies. Consequently, many of Nuveens more recently offered municipal bond closed-end funds feature investment capabilities not uniformly enjoyed by older municipal bond closed-end funds. The |
proposals set forth in the Proxy Statement are designed to provide those funds with the same portfolio management tools currently available to Nuveens more recently offered funds. |
Q. | What are the potential benefits of the new fundamental investment policy relating to loans for common shareholders of the Affected Municipal Funds? | |
A. | The proposed new fundamental investment policy would permit each Fund to make loans to the extent permitted by the securities laws. Among other things, this change is intended to provide each Affected Municipal Fund the flexibility to make loans in circumstances where a municipal issuer is in distress, if Nuveen Fund Advisors, Inc. believes that doing so would both: |
(i) | facilitate a timely workout of the issuers situation in a manner which benefits that Fund; and | |
(ii) | be the best choice for reducing the likelihood or severity of loss on the Funds investment. |
Q. | Was there a particular catalyst or portfolio concern prompting the loan policy proposal? | |
A. | This proposal is part of a broader policy initiative undertaken by Nuveen for the past several years. There are currently no identified credit situations within the complex where the use of this greater loan flexibility is intended or targeted. As stated in the Joint Proxy Statement, this policy change proposal reflects the broader intent to provide Nuveens municipal closed-end funds, including the Affected Municipal Funds, the same portfolio management flexibility already available to other funds with similar investment objectives within the Nuveen complex. | |
Q. | Does the loan policy proposal reflect a growing concern on Nuveens part over the state of municipal issuers? | |
A. | Nuveens portfolio management and research team is actively engaged in monitoring both macro issues impacting the municipal bond market as well as individual credit holdings held by the various Nuveen funds. The team regularly comments on the strength of the municipal bond market as well as provides in-depth research articles. Providing an Affected Municipal Fund with the option of making loans to help facilitate a timely workout of a distressed issuers situation merely provides the Fund with an additional tool to help preserve shareholder value, and, importantly, should not be viewed as a commentary on the state of the municipal bond market. | |
Q. | Have the Nuveen municipal closed-end funds participated in loans to municipal issuers in the past? | |
A. | Though such a loan situation in the municipal market is rare, it represents a more common workout practice in the corporate bond market. The most recent situation where a Nuveen fund with the flexibility to do so made a loan to an issuer facing a credit workout situation occurred approximately eight years ago. Since that time, a limited number of funds having a policy permitting the making of loans have considered doing so in particular workout situations, but ultimately determined to take other actions in pursuit of maximizing shareholder value. | |
Q. | Is this proposal in response to any past or current municipal credit litigation? | |
A. | This proposal is not related to any past or pending litigation. |
Q. | If approved, do you know when/if you plan to employ this option? | |
A. | As stated in the Proxy Statement, this policy is designed to provide each fund the flexibility to make loans in circumstances where a municipal issuer is in distress if the adviser believes that doing so would both: | |
facilitate a timely workout of the issuers
situation in a manner that benefits the fund; and,
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is the best choice for reducing the likelihood or
severity of loss on the funds investment.
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Again, there are currently no identified credit situations within the complex where this option is intended or targeted. | ||
Q. | Will this option impact how the underlying bonds should be valued? | |
A. | The funds will value a loan based on several factors that draw upon policies and procedures adopted and approved by the funds Board of Trustees/Directors that are able to value instruments issued in these types of situations. As with any investment, risks exist, and if the adviser is wrong, the valuation of a particular loan could be impacted and effect the value of the underlying bond held in the fund. However, we would not expect that any loans would constitute a meaningful portion of a funds total assets. |
Q. | What are the potential benefits of the new investment policies to common shareholders of the Nuveen California Investment Quality Fund, Inc. and Nuveen California Performance Plus Fund, Inc.? |
(i) | enhanced ability of the Funds to generate attractive tax-free income while retaining their orientation on investment grade quality municipal securities; | |
(ii) | increased flexibility in diversifying portfolio risks and managing duration (the sensitivity of bond prices to interest rate changes) to pursue the preservation of and possible growth of capital, which, if successful, will help to sustain and build net asset value; and | |
(iii) | improved secondary market competitiveness that may lead to a higher relative market price and/or stronger premium/discount performance. |
Q. | What are the potential benefits of the new investment policies for preferred shareholders of the Nuveen California Investment Quality Municipal Fund, Inc. and Nuveen California Performance Plus Municipal Fund, Inc.? | |
A. | The potential benefits to preferred shareholders are increased flexibility in diversifying portfolio risks and optimizing returns on current investments in order to pursue the preservation and possible growth of capital which, if successful, will help to sustain and build net asset value and therefore, asset coverage levels for preferred shares. |
Q. | What actions are required in order to implement the new investment policies? |
A. | In order to implement the new investment policies and obtain the potential benefits described above, shareholders are being asked to approve the elimination of existing fundamental policies and the implementation of new replacement fundamental policies. | |
Q. | What happens if shareholders do not approve the elimination of the fundamental investment policies and/or do not approve a new investment policy or policies? | |
A. | The Fund will not be able to implement a new investment policy or policies as discussed above. The Fund would likely incur further expenses to solicit additional shareholder participation, and may experience potential disruptions to its investment operations. Each Funds Board urges you to vote without delay in order to avoid the potential for higher costs and/or disruptions to portfolio operations. |
Q. | Who do I call if I have questions? |
A. | If you need any assistance, or have any questions regarding the proposals or how to vote your shares, please call Computershare Fund Services, your Funds proxy solicitor, at (866) 963-5818 weekdays during its business hours of 9:00 a.m. to 11:00 p.m. and Saturdays from 12:00 p.m. to 6:00 p.m. Eastern time. Please have your proxy materials available when you call. | |
Q. | How do I vote my shares? | |
A. | You can vote your shares by completing and signing the enclosed proxy card, and mailing it in the enclosed postage-paid envelope. Alternatively, you may vote by telephone by calling the toll-free number on the proxy card or by computer by going to the Internet address provided on the proxy card and following the instructions, using your proxy card as a guide. | |
Q. | Will anyone contact me? | |
A. | You may receive a call from Computershare Fund Services, the proxy solicitor hired by your Fund, to verify that you received your proxy materials, to answer any questions you may have about the proposals and to encourage you to vote your proxy. | |
We recognize the inconvenience of the proxy solicitation process and would not impose on you if we did not believe that the matters being proposed were important and in the best interests of the Funds. Once your vote has been registered with the proxy solicitor, your name will be removed from the solicitors follow-up contact list. |
1. | To elect Members to the Board of Directors/Trustees (each a Board and each Director or Trustee a Board Member) of each Fund as outlined below: |
a. | For each Minnesota Fund, except California Value, to elect ten (10) Board Members: |
(i) | eight (8) Board Members to be elected by the holders of Common Shares and Municipal Auction Rate Cumulative Preferred Shares (Preferred Shares), voting together as a single class; and | |
(ii) | two (2) Board Members to be elected by the holders of Preferred Shares only, voting as a single class. |
b. | For California Value, to elect three (3) Board Members. | |
c. | For each Massachusetts Fund, except Floating Rate Income, Floating Rate Income Opportunity, Senior Income, Tax-Advantaged Floating Rate, California Value 2, New Jersey Value and Pennsylvania Value, to elect five (5) Board Members: |
(i) | three (3) Board Members to be elected by the holders of Common Shares and Preferred Shares, voting together as a single class; and | |
(ii) | two (2) Board Members to be elected by the holders of Preferred Shares only, voting as a single class. |
d. | For Floating Rate Income, Floating Rate Income Opportunity, Senior Income, Tax-Advantaged Floating Rate, California Value 2, New Jersey Value and Pennsylvania Value to elect three (3) Board Members. |
2. | To approve the elimination of fundamental investment policies and to approve the new fundamental investment policies for each Affected Municipal Fund (as defined in the Joint Proxy Statement). |
(a)(i) | For shareholders of each Affected Municipal Fund, all shareholders voting as a single class, to approve the elimination of each Funds existing fundamental investment policy related to the Funds ability to make loans. | |
(a)(ii) | For shareholders of each Affected Municipal Fund (except for California Value), the Preferred Shares voting as a single class, to approve the elimination of each Funds existing fundamental investment policy related to the Funds ability to make loans. | |
(b)(i) | For shareholders of each Affected Municipal Fund, all shareholders voting as a single class, to approve a new fundamental investment policy related to the Funds ability to make loans. | |
(b)(ii) | For shareholders of each Affected Municipal Fund (except for California Value), the Preferred Shares voting as a single class, to approve a new fundamental investment policy related to the Funds ability to make loans. |
3. | To approve the elimination of fundamental investment policies and to approve the new fundamental investment policies for California Investment Quality and California Performance Plus. |
(a)(i) | For shareholders of California Investment Quality and California Performance Plus, all shareholders voting as a single class, to approve the elimination of each Funds existing fundamental investment policy related to investments in municipal securities and below investment grade securities. | |
(a)(ii) | For shareholders of California Investment Quality and California Performance Plus, the Preferred Shares voting as a single class, to approve the elimination of each Funds existing fundamental investment policy related to investments in municipal securities and below investment grade securities. | |
(b)(i) | For shareholders of California Investment Quality and California Performance Plus, all shareholders voting as a single class, to approve a new fundamental investment policy related to investments in municipal securities. | |
(b)(ii) | For shareholders of California Investment Quality and California Performance Plus, the Preferred Shares voting as a single class, to approve a new fundamental investment policy related to investments in municipal securities. |
(c)(i) | For shareholders of California Investment Quality and California Performance Plus, all shareholders voting as a single class, to approve the elimination of each Funds existing fundamental investment policy related to commodities. | |
(c)(ii) | For shareholders of California Investment Quality and California Performance Plus, the Preferred Shares voting as a single class, to approve the elimination of each Funds existing fundamental investment policy related to commodities. |
(d)(i) | For shareholders of California Investment Quality and California Performance Plus, all shareholders voting as a single class, to approve a new fundamental investment policy related to commodities. | |
(d)(ii) | For shareholders of California Investment Quality and California Performance Plus, the Preferred Shares voting as a single class, to approve a new fundamental investment policy related to commodities. | |
(e)(i) | For shareholders of California Investment Quality and California Performance Plus, all shareholders voting as a single class, to approve the elimination of each Funds existing fundamental investment policy related to derivatives and short sales. | |
(e)(ii) | For shareholders of California Investment Quality and California Performance Plus, the Preferred Shares voting as a single class, to approve the elimination of each Funds existing fundamental investment policy related to derivatives and short sales. |
(f)(i) | For shareholders of California Investment Quality and California Performance Plus, all shareholders voting as a single class, to approve the elimination of each Funds existing fundamental investment policy prohibiting investment in other investment companies. | |
(f)(ii) | For shareholders of California Investment Quality and California Performance Plus, the Preferred Shares voting as a single class, to approve the elimination of each Funds existing fundamental investment policy prohibiting investment in other investment companies. |
4. | To transact such other business as may properly come before the Annual Meeting. |
1
2
Matter | Common Shares | Preferred Shares(1) | ||||||
1(a)(i)
|
For each Minnesota Fund, except California Value, election of eight (8) Board Members by all shareholders. | X | X | |||||
1(a)(ii)
|
For each Minnesota Fund, except California Value, election of two (2) Board Members by Preferred Shares only. | X | ||||||
1(b)
|
For California Value, election of three (3) Board Members by all shareholders. | X | N/A | |||||
3
Matter | Common Shares | Preferred Shares(1) | ||||||
1(c)(i)
|
For each Massachusetts Fund, except Floating Rate Income, Floating Rate Income Opportunity, Senior Income, Tax-Advantaged Floating Rate, California Value 2, New Jersey Value and Pennsylvania Value, election of three (3) Board Members by all shareholders. | X | X | |||||
1(c)(ii)
|
For each Massachusetts Fund, except Floating Rate Income, Floating Rate Income Opportunity, Senior Income, Tax-Advantaged Floating Rate, California Value 2, New Jersey Value and Pennsylvania Value, election of two (2) Board Members by Preferred Shares only. | X | ||||||
1(d)
|
For Floating Rate Income, Floating Rate Income Opportunity, Senior Income, Tax-Advantaged Floating Rate, California Value 2, New Jersey Value and Pennsylvania Value, election of three (3) Board Members by all shareholders. | X | N/A | |||||
2(a)(i)
|
For each Affected Municipal Fund, all shareholders voting as a single class, to approve the elimination of the Funds fundamental investment policy relating to the Funds ability to make loans. | X | X | |||||
2(a)(ii)
|
For each Affected Municipal Fund (except California Value), the Preferred Shareholders voting separately as a single class, to approve the elimination of the Funds fundamental investment policy relating to the Funds ability to make loans. | X | ||||||
2(b)(i)
|
For each Affected Municipal Fund, all shareholders voting as a single class, to approve a new fundamental investment policy relating to the Funds ability to make loans. | X | X | |||||
2(b)(ii)
|
For each Affected Municipal Fund (except California Value), the Preferred Shareholders voting separately as a single class, to approve a new fundamental investment policy relating to the Funds ability to make loans. | X | ||||||
3(a)(i)
|
For California Investment Quality and California Performance Plus, all shareholders voting as a single class, to approve the elimination of each Funds existing fundamental investment policy related to investments in municipal securities and below investment grade securities. | X | X | |||||
4
Matter | Common Shares | Preferred Shares(1) | ||||||
3(a)(ii)
|
For California Investment Quality and California Performance Plus, the Preferred Shareholders voting separately as a single class, to approve the elimination of each Funds existing fundamental investment policy related to investments in municipal securities and below investment grade securities. | X | ||||||
3(b)(i)
|
For California Investment Quality and California Performance Plus, all shareholders voting as a single class, to approve a new fundamental investment policy related to investments in municipal securities. | X | X | |||||
3(b)(ii)
|
For California Investment Quality and California Performance Plus, the Preferred Shares voting as a single class, to approve a new fundamental investment policy related to investments in municipal securities. | X | ||||||
3(c)(i)
|
For California Investment Quality and California Performance Plus, all shareholders voting as a single class, to approve the elimination of each Funds existing fundamental investment policy related to commodities. | X | X | |||||
3(c)(ii)
|
For California Investment Quality and California Performance Plus, the Preferred Shares voting as a single class, to approve the elimination of each Funds existing fundamental investment policy related to commodities. | X | ||||||
3(d)(i)
|
For California Investment Quality and California Performance Plus, all shareholders voting as a single class, to approve a new fundamental investment policy related to commodities. | X | X | |||||
3(d)(ii)
|
For California Investment Quality and California Performance Plus, the Preferred Shares voting as a single class, to approve a new fundamental investment policy related to commodities. | X | ||||||
3(e)(i)
|
For California Investment Quality and California Performance Plus, all shareholders voting as a single class, to approve the elimination of each Funds existing fundamental investment policy related to derivatives and short sales. | X | X | |||||
5
Matter | Common Shares | Preferred Shares(1) | ||||||
3(e)(ii)
|
For California Investment Quality and California Performance Plus, the Preferred Shares voting as a single class, to approve the elimination of each Funds existing fundamental investment policy related to derivatives and short sales. | X | ||||||
3(f)(i)
|
For California Investment Quality and California Performance Plus, all shareholders voting as a single class, to approve the elimination of each Funds existing fundamental investment policy prohibiting investment in other investment companies. | X | X | |||||
3(f)(ii)
|
For California Investment Quality and California Performance Plus, the Preferred Shares voting as a single class, to approve the elimination of each Funds existing fundamental investment policy prohibiting investment in other investment companies. | X | ||||||
(1) | Municipal Term Preferred Shares for Arizona Dividend Advantage, Arizona Dividend Advantage 2, Arizona Dividend Advantage 3, California Dividend Advantage 2, California Dividend Advantage 3, California Premium Income, Maryland Dividend Advantage, Maryland Dividend Advantage 2, Maryland Dividend Advantage 3, Maryland Premium Income, Massachusetts Dividend Advantage, Massachusetts Premium Income, Michigan Dividend Advantage, Missouri Premium Income, New Jersey Dividend Advantage, New Jersey Dividend Advantage 2, Ohio Dividend Advantage, Ohio Dividend Advantage 2, Ohio Dividend Advantage 3, Pennsylvania Dividend Advantage, Pennsylvania Dividend Advantage 2, Texas Quality Income, Virginia Dividend Advantage, Virginia Dividend Advantage 2 and Virginia Premium Income; Variable Rate Demand Preferred Shares for Arizona Premium Income, California Dividend Advantage, California Investment Quality, California Market Opportunity, California Performance Plus, California Select Quality, California Quality Income, Michigan Premium Income, Michigan Quality Income, New Jersey Investment Quality, New Jersey Premium Income, Ohio Quality Income, Pennsylvania Investment Quality, and Pennsylvania Premium Income 2 are referred to as Preferred Shares. California Value, California Value 2, New Jersey Value, Pennsylvania Value, Floating Rate Income, Floating Rate Income Opportunity, Senior Income and Tax-Advantaged Floating Rate do not have any Preferred Shares outstanding. |
6
Fund | Ticker Symbol* | Common Shares | Preferred Shares | |||||||||||||
Floating Rate Income | JFR | 48,140,015 | N/A | |||||||||||||
Floating Rate Income Opportunity | JRO | 30,497,211 | N/A | |||||||||||||
Senior Income | NSL | 32,055,307 | N/A | |||||||||||||
Tax-Advantaged Floating Rate | JFP | 13,982,903 | N/A | |||||||||||||
Arizona Dividend Advantage | NFZ | 1,548,311 | NFZ PrC | 1,110,000 | ||||||||||||
7
Fund | Ticker Symbol* | Common Shares | Preferred Shares | |||||||||||||
Arizona Dividend Advantage 2 | NKR | 2,439,549 | NKR PrC | 1,872,500 | ||||||||||||
Arizona Dividend Advantage 3 | NXE | 3,066,030 | NXE PrC | 2,084,600 | ||||||||||||
Arizona Premium Income | NAZ | 4,470,695 | Series 1 | 280 | ||||||||||||
California Dividend Advantage | NAC | 23,480,254 | Series 1 | 1,362 | ||||||||||||
California Dividend Advantage 2 | NVX | 14,746,722 | NVX PrC | 5,500,000 | ||||||||||||
NVX PrA | 4,284,630 | |||||||||||||||
California Dividend Advantage 3 | NZH | 24,127,919 | NZH PrC | 8,625,000 | ||||||||||||
NZH PrA | 2,700,000 | |||||||||||||||
NZH PrB | 4,629,450 | |||||||||||||||
California Investment Quality | NQC | 13,580,232 | Series 1 | 956 | ||||||||||||
California Market Opportunity | NCO | 8,143,348 | Series 1 | 498 | ||||||||||||
California Value | NCA | 25,253,681 | N/A | |||||||||||||
California Value 2 | NCB | 3,287,900 | N/A | |||||||||||||
California Performance Plus | NCP | 12,937,442 | Series 1 | 810 | ||||||||||||
California Premium Income | NCU | 5,730,688 | NCU PrC | 3,525,000 | ||||||||||||
California Quality Income | NUC | 22,010,834 | Series 1 | 1,581 | ||||||||||||
California Select Quality | NVC | 23,147,128 | Series 1 | 1,589 | ||||||||||||
Maryland Dividend Advantage | NFM | 4,197,406 | NFM PrC | 2,648,500 | ||||||||||||
Maryland Dividend Advantage 2 | NZR | 4,203,492 | NZR PrC | 2,730,000 | ||||||||||||
Maryland Dividend Advantage 3 | NWI | 5,365,969 | NWI PrC | 2,070,000 | ||||||||||||
NWI PrD | 1,536,600 | |||||||||||||||
Maryland Premium Income | NMY | 10,654,247 | NMY PrC | 3,877,500 | ||||||||||||
NMY PrD | 3,581,800 | |||||||||||||||
Massachusetts Dividend Advantage | NMB | 1,965,698 | NMB PrC | 1,472,500 | ||||||||||||
Massachusetts Premium Income | NMT | 4,774,788 | NMT PrC | 2,021,000 | ||||||||||||
NMT PrD | 1,643,500 | |||||||||||||||
Michigan Dividend Advantage | NZW | 2,053,086 | NZW PrC | 1,631,300 | ||||||||||||
Michigan Premium Income | NMP | 7,605,648 | Series 1 | 539 | ||||||||||||
Michigan Quality Income | NUM | 11,554,253 | Series 1 | 879 | ||||||||||||
Missouri Premium Income | NOM | 2,320,702 | NOM PrC | 1,788,000 | ||||||||||||
New Jersey Dividend Advantage | NXJ | 6,569,912 | NXJ PrA | 4,486,100 | ||||||||||||
New Jersey Dividend Advantage 2 | NUJ | 4,523,313 | NUJ PrC | 3,505,000 | ||||||||||||
New Jersey Investment Quality | NQJ | 20,453,722 | Series 1 | 1,443 | ||||||||||||
New Jersey Value | NJV | 1,560,787 | N/A | |||||||||||||
New Jersey Premium Income | NNJ | 12,036,596 | Series 1 | 886 | ||||||||||||
Ohio Dividend Advantage | NXI | 4,246,124 | NXI PrC | 1,945,000 | ||||||||||||
NXI PrD | 1,165,340 | |||||||||||||||
Ohio Dividend Advantage 2 | NBJ | 3,122,403 | NBJ PrA | 2,224,400 | ||||||||||||
Ohio Dividend Advantage 3 | NVJ | 2,158,189 | NVJ PrA | 1,847,015 | ||||||||||||
Ohio Quality Income | NUO | 9,753,457 | Series 1 | 735 | ||||||||||||
Pennsylvania Value | NPN | 1,219,352 | N/A | |||||||||||||
Pennsylvania Dividend Advantage | NXM | 3,321,984 | NXM PrC | 2,319,000 | ||||||||||||
Pennsylvania Dividend Advantage 2 | NVY | 3,726,116 | NVY PrC | 2,455,000 | ||||||||||||
Pennsylvania Investment Quality | NQP | 16,080,898 | Series 1 | 1,125 | ||||||||||||
8
Fund | Ticker Symbol* | Common Shares | Preferred Shares | |||||||||||||
Pennsylvania Premium Income 2 | NPY | 15,595,551 | Series 1 | 1,000 | ||||||||||||
Texas Quality Income | NTX | 9,572,025 | NTX PrC | 7,092,000 | ||||||||||||
Virginia Dividend Advantage | NGB | 3,145,155 | NGB PrC | 2,280,000 | ||||||||||||
Virginia Dividend Advantage 2 | NNB | 5,761,422 | NNB PrC | 4,320,000 | ||||||||||||
Virginia Premium Income | NPV | 9,022,558 | NPV PrC | 3,220,500 | ||||||||||||
NPV PrA | 2,920,300 | |||||||||||||||
* | The Common Shares of all of the Funds are listed on the NYSE Amex, except JRO, NSL, JFR, NAZ, NAC, NQC, NCO, NCA, NCP, NUC, NVC, NMY, NMT, NMP, NUM, NQJ, NNJ, NUO, NQP, NPY, NTX and NPV, which are listed on the New York Stock Exchange (NYSE). The Preferred Shares of all of the Funds with Muni Term Preferred Shares are listed on the NYSE, except for NMB PrC shares which are listed on the NYSE Amex. |
1. | Election of Board Members |
(i) | Eight (8) Board Members are to be elected by holders of Common Shares and Preferred Shares, voting together as a single class. Board Members Amboian, Bremner, Evans, Kundert, Stockdale, Stone, Stringer and Toth are nominees for election by all shareholders. | |
(ii) | Two (2) Board Members are to be elected by holders of Preferred Shares, each series voting together as a single class. Board Members Hunter and Schneider are nominees for election by holders of Preferred Shares. |
(b) | For California Value: Three (3) Board Members are to be elected by all shareholders. |
9
(c) | For each Massachusetts Fund, except Floating Rate Income, Floating Rate Income Opportunity, Senior Income, Tax-Advantaged Floating Rate, California Value 2, New Jersey Value and Pennsylvania Value: |
(i) | Three (3) Board Members are to be elected by holders of Common Shares and Preferred Shares, voting together as a single class. Board Members Amboian, Kundert and Toth have been designated as Class II Board Members and as nominees for Board Members for a term expiring at the annual meeting of shareholders in 2014 or until their successors have been duly elected and qualified. Board Members Bremner, Evans, Stockdale, Stone and Stringer are current and continuing Board Members. Board Members Bremner and Evans have been designated as Class III Board Members for a term expiring at the annual meeting of shareholders in 2012 or until their successors have been duly elected and qualified. Board Members Stockdale, Stone and Stringer have been designated as Class I Board Members for a term expiring at the annual meeting of shareholders in 2013 or until their successors have been duly elected and qualified. | |
(ii) | Two (2) Board Members are to be elected by holders of Preferred Shares, voting separately as a single class. Board Members Hunter and Schneider are nominees for election by holders of Preferred Shares for a term expiring at the next annual meeting or until their successors have been duly elected and qualified. |
(d) | For Floating Rate Income, Floating Rate Income Opportunity, Senior Income, Tax-Advantaged Floating Rate, California Value 2, New Jersey Value and Pennsylvania Value: Three (3) Board Members are to be elected by all shareholders. |
10
11
12
Number of |
Other |
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Portfolios |
Directorships |
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in Fund |
Held |
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Complex |
by Board |
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Position(s) |
Term of Office |
Overseen |
Member During |
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Name, Address |
Held with |
and Length |
Principal Occupation(s) |
by Board |
the Past |
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and Birth Date | Fund | of Time Served(1) | During Past Five Years | Member | Five Years | |||||||
Nominees/Board Members who are not interested persons of the
Funds
|
||||||||||||
Robert P. Bremner* c/o Nuveen Investments, Inc. 333 West Wacker Drive Chicago, IL 60606 (8/22/40) |
Chairman of Board and Board Member |
Term: Annual or Class III Board Member until 2012
Length of Service: Since 1996 |
Private Investor and Management Consultant; Treasurer and Director, Humanities Council, Washington, D.C.; Board Member, Independent Directors Council (affiliated with the Investment Company Institute). | 245 | N/A | |||||||
Jack B. Evans c/o Nuveen Investments, Inc. 333 West Wacker Drive Chicago, IL 60606 (10/22/48) |
Board Member |
Term: Annual or Class III Board Member until 2012
Length of Service: Since 1999 |
President, The Hall-Perrine Foundation, a private philanthropic corporation (since 1996); formerly, Director, Alliant Energy. Member of the Board of Regents for the State of Iowa University System; Director, Source Media Group; Life Trustee of Coe College and the Iowa College Foundation; formerly, Director, Alliant Energy; formerly, Director, Federal Reserve Bank of Chicago; formerly, President and Chief Operating Officer, SCI Financial Group, Inc. (a regional financial services firm). | 245 | Director and Chairman, United Fire Group, a publicly held company | |||||||
13
Number of |
Other |
|||||||||||
Portfolios |
Directorships |
|||||||||||
in Fund |
Held |
|||||||||||
Complex |
by Board |
|||||||||||
Position(s) |
Term of Office |
Overseen |
Member During |
|||||||||
Name, Address |
Held with |
and Length |
Principal Occupation(s) |
by Board |
the Past |
|||||||
and Birth Date | Fund | of Time Served(1) | During Past Five Years | Member | Five Years | |||||||
William C. Hunter c/o Nuveen Investments, Inc. 333 West Wacker Drive Chicago, IL 60606 (3/6/48) |
Board Member |
Term: Annual Board Member until 2011
Length of Service: Since 2004 |
Dean (since 2006), Tippie College of Business, University of Iowa; Director (since 2005), Beta Gamma Sigma International Honor Society; Director (since 2009) of Wellmark, Inc.; formerly, Director (1997-2007), Credit Research Center at Georgetown University; formerly, Dean and Distinguished Professor of Finance, School of Business at the University of Connecticut (2003-2006); previously, Senior Vice President and Director of Research at the Federal Reserve Bank of Chicago (1995-2003). | 245 | Director (since 2004) of Xerox Corporation. | |||||||
David J. Kundert* c/o Nuveen Investments, Inc. 333 West Wacker Drive Chicago, IL 60606 (10/28/42) |
Board Member |
Term: Annual or Class II Board Member until 2011
Length of Service: Since 2005 |
Director, Northwestern Mutual Wealth Management Company; retired (since 2004) as Chairman, JPMorgan Fleming Asset Management, President and CEO, Banc One Investment Advisors Corporation, and President, One Group Mutual Funds; prior thereto, Executive Vice President, Bank One Corporation and Chairman and CEO, Banc One Investment Management Group; Member, Board of Regents, Luther College; Member of the Wisconsin Bar Association; Member of Board of Directors, Friends of Boerner Botanical Gardens; Member of Board of Directors and Chair of Investment Committee, Greater Milwaukee Foundation. | 245 | N/A | |||||||
14
Number of |
Other |
|||||||||||
Portfolios |
Directorships |
|||||||||||
in Fund |
Held |
|||||||||||
Complex |
by Board |
|||||||||||
Position(s) |
Term of Office |
Overseen |
Member During |
|||||||||
Name, Address |
Held with |
and Length |
Principal Occupation(s) |
by Board |
the Past |
|||||||
and Birth Date | Fund | of Time Served(1) | During Past Five Years | Member | Five Years | |||||||
William J. Schneider* c/o Nuveen Investments, Inc. 333 West Wacker Drive Chicago, IL 60606 (9/24/44) |
Board Member |
Term: Annual Board Member until 2011
Length of Service: Since 1996 |
Chairman of Miller-Valentine Partners Ltd., a real estate investment company; formerly, Senior Partner and Chief Operating Officer (retired, 2004) of Miller-Valentine Group; Member, Mid-America Health System Board; Member, University of Dayton Business School Advisory Council; formerly, Member, Dayton Philharmonic Orchestra Association; formerly, Director, Dayton Development Coalition; formerly, Member, Business Advisory Council, Cleveland Federal Reserve Bank. | 245 | N/A | |||||||
Judith M. Stockdale c/o Nuveen Investments, Inc. 333 West Wacker Drive Chicago, IL 60606 (12/29/47) |
Board Member |
Term: Annual or Class I Board Member until 2013
Length of Service: Since 1997 |
Executive Director, Gaylord and Dorothy Donnelley Foundation (since 1994); prior thereto, Executive Director, Great Lakes Protection Fund (1990-1994). | 245 | N/A | |||||||
Carole E. Stone* c/o Nuveen Investments, Inc. 333 West Wacker Drive Chicago, IL 60606 (6/28/47) |
Board Member |
Term: Annual or Class I Board Member until 2013
Length of Service: Since 2007 |
Director, C2 Options Exchange, Incorporated (since 2009); formerly, Commissioner, New York State Commission on Public Authority Reform (2005-2010); formerly, Chair, New York Racing Association Oversight Board (2005-2007). | 245 | Director, Chicago Board Options Exchange (since 2006). | |||||||
15
Number of |
Other |
|||||||||||
Portfolios |
Directorships |
|||||||||||
in Fund |
Held |
|||||||||||
Complex |
by Board |
|||||||||||
Position(s) |
Term of Office |
Overseen |
Member During |
|||||||||
Name, Address |
Held with |
and Length |
Principal Occupation(s) |
by Board |
the Past |
|||||||
and Birth Date | Fund | of Time Served(1) | During Past Five Years | Member | Five Years | |||||||
Virginia L. Stringer c/o Nuveen Investments, Inc. 333 West Wacker Drive Chicago, IL 60606 (8/16/44) |
Board Member |
Term: Annual or Class I Board Member until 2013
Length of Service: Since 2011 |
Board Member, Mutual Fund Directors Forum; Member, Governing Board, Investment Company Institutes Independent Directors Council; governance consultant and non-profit board member; former owner and president, Strategic Management Resources, Inc., a management consulting firm; previously, held several executive positions in general management, marketing and human resources at IBM and The Pillsbury Company. | 245 | Previously, Independent Director (1987-2010) and Chair (1997-2010), First American Fund Complex. | |||||||
Terence J. Toth* c/o Nuveen Investments, Inc. 333 West Wacker Drive Chicago, IL 60606 (9/29/59) |
Board Member |
Term: Annual or Class II Board Member until 2011
Length of Service: Since 2008 |
Director, Legal & General Investment Management America, Inc. (since 2008); Managing Partner, Promus Capital (since 2008); formerly, CEO and President, Northern Trust Global Investments (2004-2007); Executive Vice President, Quantitative Management & Securities Lending (2000-2004); prior thereto, various positions with Northern Trust Company (since 1994); Member, Goodman Theatre Board (since 2004); Chicago Fellowship Board (since 2005), and Catalyst Schools of Chicago Board (since 2008); formerly Member, Northern Trust Mutual Funds Board (2005-2007), Northern Trust Global Investments Board (2004-2007), Northern Trust Japan Board (2004-2007), Northern Trust Securities Inc. Board (2003-2007) and Northern Trust Hong Kong Board (1997-2004). | 245 | N/A |
16
Number of |
Other |
|||||||||||
Portfolios |
Directorships |
|||||||||||
in Fund |
Held |
|||||||||||
Complex |
by Board |
|||||||||||
Position(s) |
Term of Office |
Overseen |
Member During |
|||||||||
Name, Address |
Held with |
and Length |
Principal Occupation(s) |
by Board |
the Past |
|||||||
and Birth Date | Fund | of Time Served(1) | During Past Five Years | Member | Five Years | |||||||
Nominee/Board Member who is an interested person of the
Funds
|
||||||||||||
John P. Amboian(2) 333 West Wacker Drive Chicago, IL 60606 (6/14/61) |
Board Member |
Term: Annual or Class II Board Member until 2011
Length of Service: Since 2008 |
Chief Executive Officer and Chairman (since 2007) and Director (since 1999) of Nuveen Investments, Inc.; Chief Executive Officer (since 2007) of Nuveen Investments Advisers Inc.; Director (since 1998) formerly, Chief Executive Officer (2007-2010) of Nuveen Fund Advisors, Inc. | 245 | N/A | |||||||
* | Also serves as a trustee of Nuveen Diversified Commodity Fund, an exchange-traded commodity pool managed by Nuveen Commodities Asset Management, LLC, an affiliate of each Funds Adviser. | |
(1) | Length of Time Served indicates the year in which the individual became a Board Member of a fund in the Nuveen Fund complex. |
(2) | Interested person as defined in the 1940 Act, by reason of being an officer and director of each Funds Adviser. |
17
18
Aggregate Compensation from the Funds(1) | ||||||||||||||||||||||||||||||||||||
Robert P. |
Jack B. |
William C. |
David J. |
William J. |
Judith M. |
Carole E. |
Virgina L. |
Terence J. |
||||||||||||||||||||||||||||
Fund | Bremner | Evans | Hunter | Kundert | Schneider | Stockdale | Stone | Stringer | Toth | |||||||||||||||||||||||||||
Floating Rate Income
|
$ | 2,757 | $ | 2,218 | $ | 1,978 | $ | 2,223 | $ | 2,276 | $ | 2,078 | $ | 2,051 | $ | 1,021 | $ | 2,217 | ||||||||||||||||||
Floating Rate Income Opportunity
|
1,789 | 1,413 | 1,240 | 1,469 | 1,451 | 1,330 | 1,360 | 629 | 1,461 | |||||||||||||||||||||||||||
Senior Income
|
1,052 | 846 | 754 | 848 | 868 | 793 | 783 | 394 | 846 | |||||||||||||||||||||||||||
Tax-Advantaged Floating Rate
|
140 | 110 | 101 | 130 | 122 | 100 | 104 | 21 | 120 | |||||||||||||||||||||||||||
Arizona Dividend Advantage
|
172 | 104 | 87 | 102 | 105 | 144 | 90 | | 99 | |||||||||||||||||||||||||||
Arizona Dividend Advantage 2
|
247 | 169 | 142 | 166 | 170 | 202 | 145 | | 161 | |||||||||||||||||||||||||||
Arizona Dividend Advantage 3
|
271 | 219 | 182 | 235 | 220 | 193 | 205 | | 229 | |||||||||||||||||||||||||||
Arizona Premium Income
|
337 | 290 | 243 | 284 | 292 | 261 | 249 | | 276 | |||||||||||||||||||||||||||
California Dividend Advantage
|
1,881 | 1,613 | 1,484 | 1,806 | 1,798 | 1,503 | 1,399 | | 1,590 | |||||||||||||||||||||||||||
California Dividend Advantage 2
|
1,170 | 1,025 | 958 | 1,113 | 1,144 | 1,053 | 851 | | 975 | |||||||||||||||||||||||||||
California Dividend Advantage 3
|
1,928 | 1,653 | 1,521 | 1,850 | 1,842 | 1,540 | 1,434 | | 1,629 | |||||||||||||||||||||||||||
California Investment Quality
|
1,120 | 959 | 896 | 1,041 | 1,070 | 915 | 796 | | 912 | |||||||||||||||||||||||||||
California Market Opportunity
|
643 | 532 | 445 | 520 | 534 | 503 | 456 | | 506 | |||||||||||||||||||||||||||
California Value
|
821 | 695 | 651 | 757 | 779 | 634 | 561 | | 676 | |||||||||||||||||||||||||||
California Value 2
|
174 | 145 | 121 | 141 | 145 | 128 | 121 | | 141 | |||||||||||||||||||||||||||
California Performance Plus
|
1,034 | 884 | 825 | 960 | 987 | 846 | 733 | | 842 | |||||||||||||||||||||||||||
California Premium Income
|
529 | 369 | 308 | 361 | 370 | 432 | 316 | | 351 | |||||||||||||||||||||||||||
California Quality Income
|
1,855 | 1,602 | 1,497 | 1,739 | 1,788 | 1,513 | 1,330 | | 1,524 | |||||||||||||||||||||||||||
California Select Quality
|
1,890 | 1,633 | 1,526 | 1,773 | 1,823 | 1,541 | 1,355 | | 1,554 | |||||||||||||||||||||||||||
Maryland Dividend Advantage
|
425 | 273 | 239 | 271 | 278 | 351 | 245 | 57 | 263 | |||||||||||||||||||||||||||
Maryland Dividend Advantage 2
|
429 | 276 | 242 | 274 | 281 | 354 | 249 | 58 | 266 | |||||||||||||||||||||||||||
Maryland Dividend Advantage 3
|
528 | 359 | 315 | 356 | 366 | 431 | 323 | 76 | 346 | |||||||||||||||||||||||||||
Maryland Premium Income
|
960 | 722 | 633 | 716 | 735 | 764 | 650 | 152 | 696 | |||||||||||||||||||||||||||
19
Aggregate Compensation from the Funds(1) | ||||||||||||||||||||||||||||||||||||
Robert P. |
Jack B. |
William C. |
David J. |
William J. |
Judith M. |
Carole E. |
Virgina L. |
Terence J. |
||||||||||||||||||||||||||||
Fund | Bremner | Evans | Hunter | Kundert | Schneider | Stockdale | Stone | Stringer | Toth | |||||||||||||||||||||||||||
Massachusetts Dividend Advantage
|
$ | 160 | $ | 135 | $ | 118 | $ | 134 | $ | 137 | $ | 124 | $ | 121 | $ | 28 | $ | 130 | ||||||||||||||||||
Massachusetts Premium Income
|
490 | 327 | 287 | 325 | 333 | 401 | 295 | 70 | 316 | |||||||||||||||||||||||||||
Michigan Dividend Advantage
|
265 | 142 | 119 | 139 | 143 | 228 | 122 | | 135 | |||||||||||||||||||||||||||
Michigan Premium Income
|
614 | 528 | 442 | 517 | 531 | 475 | 453 | | 502 | |||||||||||||||||||||||||||
Michigan Quality Income
|
986 | 863 | 807 | 937 | 963 | 801 | 716 | | 821 | |||||||||||||||||||||||||||
Missouri Premium Income
|
281 | 152 | 133 | 150 | 154 | 140 | 137 | 32 | 146 | |||||||||||||||||||||||||||
New Jersey Dividend Advantage
|
705 | 476 | 413 | 519 | 484 | 528 | 465 | 82 | 507 | |||||||||||||||||||||||||||
New Jersey Dividend Advantage 2
|
468 | 309 | 272 | 307 | 315 | 385 | 279 | 66 | 298 | |||||||||||||||||||||||||||
New Jersey Investment Quality
|
1,692 | 1,424 | 1,378 | 1,557 | 1,592 | 1,376 | 1,243 | 288 | 1,371 | |||||||||||||||||||||||||||
New Jersey Value
|
83 | 68 | 58 | 67 | 69 | 61 | 60 | 14 | 67 | |||||||||||||||||||||||||||
New Jersey Premium Income
|
1,043 | 870 | 842 | 951 | 973 | 851 | 759 | 176 | 837 | |||||||||||||||||||||||||||
Ohio Dividend Advantage
|
351 | 302 | 253 | 295 | 303 | 272 | 259 | | 287 | |||||||||||||||||||||||||||
Ohio Dividend Advantage 2
|
253 | 218 | 182 | 213 | 219 | 196 | 187 | | 207 | |||||||||||||||||||||||||||
Ohio Dividend Advantage 3
|
181 | 156 | 130 | 153 | 157 | 140 | 134 | | 148 | |||||||||||||||||||||||||||
Ohio Quality Income
|
865 | 744 | 622 | 727 | 747 | 669 | 638 | | 707 | |||||||||||||||||||||||||||
Pennsylvania Value
|
64 | 52 | 45 | 52 | 53 | 47 | 46 | 11 | 51 | |||||||||||||||||||||||||||
Pennsylvania Dividend Advantage
|
369 | 226 | 199 | 225 | 230 | 308 | 204 | 47 | 218 | |||||||||||||||||||||||||||
Pennsylvania Dividend Advantage 2
|
395 | 248 | 218 | 246 | 253 | 328 | 223 | 52 | 239 | |||||||||||||||||||||||||||
Pennsylvania Investment Quality
|
1,355 | 1,136 | 1,100 | 1,242 | 1,271 | 1,103 | 992 | 230 | 1,094 | |||||||||||||||||||||||||||
Pennsylvania Premium Income 2
|
1,242 | 1,040 | 1,006 | 1,137 | 1,162 | 1,012 | 907 | 210 | 1,001 | |||||||||||||||||||||||||||
Texas Quality Income
|
878 | 669 | 560 | 655 | 673 | 702 | 574 | | 636 | |||||||||||||||||||||||||||
Virginia Dividend Advantage
|
252 | 211 | 185 | 210 | 215 | 195 | 190 | 44 | 204 | |||||||||||||||||||||||||||
Virginia Dividend Advantage 2
|
475 | 399 | 350 | 396 | 406 | 367 | 359 | 83 | 384 | |||||||||||||||||||||||||||
Virginia Premium Income
|
943 | 665 | 579 | 724 | 676 | 699 | 650 | 127 | 707 | |||||||||||||||||||||||||||
Total Compensation from Nuveen Funds Paid to Board Members/
Nominees
|
$ | 265,748 | $ | 230,443 | $ | 199,401 | $ | 243,469 | $ | 243,212 | $ | 213,579 | $ | 188,000 | | $ | 230,630 | |||||||||||||||||||
20
(1) | Includes deferred fees. Pursuant to a deferred compensation agreement with certain of the Funds, deferred amounts are treated as though an equivalent dollar amount has been invested in shares of one or more Participating Funds. Total deferred fees for the Funds (including the return from the assumed investment in the Participating Funds) payable are: |
Robert P. |
Jack B. |
William C. |
David J. |
William J. |
Judith M. |
Carole E. |
Virginia L. |
Terence J. |
||||||||||||||||||||||||||||
Fund | Bremner | Evans | Hunter | Kundert | Schneider | Stockdale | Stone | Stringer | Toth | |||||||||||||||||||||||||||
Floating Rate Income
|
$ | 414 | $ | 559 | $ | 1,978 | $ | 2,223 | $ | 1,167 | $ | 1,097 | $ | | $ | | $ | 224 | ||||||||||||||||||
Floating Rate Income Opportunity
|
269 | 356 | 1,240 | 1,469 | 768 | 701 | | | 158 | |||||||||||||||||||||||||||
Senior Income
|
158 | 213 | 754 | 848 | 440 | 419 | | | 85 | |||||||||||||||||||||||||||
Tax-Advantaged Floating Rate
|
22 | 29 | 101 | 130 | 97 | 53 | | | 22 | |||||||||||||||||||||||||||
California Dividend Advantage
|
305 | 441 | 1,484 | 1,806 | 1,798 | 797 | | | 358 | |||||||||||||||||||||||||||
California Dividend Advantage 2
|
190 | 281 | 958 | 1,113 | 1,144 | 556 | | | 220 | |||||||||||||||||||||||||||
California Dividend Advantage 3
|
313 | 452 | 1,521 | 1,850 | 1,842 | 817 | | | 367 | |||||||||||||||||||||||||||
California Investment Quality
|
182 | 263 | 896 | 1,041 | 1,070 | 485 | | | 206 | |||||||||||||||||||||||||||
California Value
|
134 | 191 | 651 | 757 | 779 | 337 | | | 153 | |||||||||||||||||||||||||||
California Performance Plus
|
168 | 242 | 825 | 960 | 987 | 448 | | | 190 | |||||||||||||||||||||||||||
California Quality Income
|
301 | 439 | 1,497 | 1,739 | 1,788 | 803 | | | 345 | |||||||||||||||||||||||||||
California Select Quality
|
307 | 447 | 1,526 | 1,773 | 1,823 | 818 | | | 351 | |||||||||||||||||||||||||||
Michigan Quality Income
|
160 | 236 | 807 | 937 | 963 | 425 | | | 186 | |||||||||||||||||||||||||||
New Jersey Investment Quality
|
273 | 388 | 1,378 | 1,557 | 1,265 | 743 | | | 240 | |||||||||||||||||||||||||||
New Jersey Premium Income
|
168 | 237 | 842 | 951 | 772 | 460 | | | 146 | |||||||||||||||||||||||||||
Pennsylvania Investment Quality
|
219 | 310 | 1,100 | 1,242 | 1,009 | 596 | | | 191 | |||||||||||||||||||||||||||
Pennsylvania Premium Income 2
|
200 | 284 | 1,006 | 1,137 | 923 | 546 | | | 175 | |||||||||||||||||||||||||||
21
22
23
24
25
26
27
28
29
Number of |
||||||||||
Portfolios |
||||||||||
Term of Office |
in Fund |
|||||||||
and |
Complex |
|||||||||
Name, Address |
Position(s) Held with |
Length of Time |
Principal Occupation(s) |
Served by |
||||||
and Birth date | Fund | Served(1) | During Past 5 Years | Officer | ||||||
Gifford R. Zimmerman 333 West Wacker Drive Chicago, IL 60606 (9/9/56) |
Chief Administrative Officer |
Term/Annual Length of Service: Since 1988 |
Managing Director (since 2002), Assistant Secretary and Associate General Counsel of Nuveen Securities, LLC; Managing Director (since 2002), Assistant Secretary (since 1997) and Co-General Counsel (since 2011) of Nuveen Fund Advisors, Inc.; Managing Director (since 2004) and Assistant Secretary (since 1994) of Nuveen Investments, Inc.; Managing Director, Assistant Secretary and Associate General Counsel of Nuveen Asset Management, LLC (since 2011); Vice President and Assistant Secretary of NWQ Investment Management Company, LLC and Nuveen Investments Advisers Inc. (since 2002); Managing Director, Associate General Counsel and Assistant Secretary of Symphony Asset Management LLC (since 2003); Vice President and Assistant Secretary of Tradewinds Global Investors, LLC and Santa Barbara Asset Management, LLC (since 2006), and Nuveen HydePark Group, LLC and Nuveen Investment Solutions, Inc. (since 2007) and of Winslow Capital Management, Inc. (since 2010); Chief Administrative Officer and Chief Compliance Officer (since 2010) of Nuveen Commodities Asset Management, LLC; Chartered Financial Analyst. | 245 | ||||||
30
Number of |
||||||||||
Portfolios |
||||||||||
Term of Office |
in Fund |
|||||||||
and |
Complex |
|||||||||
Name, Address |
Position(s) Held with |
Length of Time |
Principal Occupation(s) |
Served by |
||||||
and Birth date | Fund | Served(1) | During Past 5 Years | Officer | ||||||
William Adams IV 333 West Wacker Drive Chicago, IL 60606 (6/9/55) |
Vice President |
Term/Annual Length of Service: Since 2007 |
Senior Executive Vice President, Global Structured Products, formerly, Executive Vice President (1999-2010) of Nuveen Securities, LLC; Co-President of Nuveen Fund Advisors, Inc. (since 2011); Managing Director (since 2010) of Nuveen Commodities Asset Management, LLC. | 133 | ||||||
Cedric H. Antosiewicz 333 West Wacker Drive Chicago, IL 60606 (1/11/62) |
Vice President |
Term/Annual Length of Service: Since 2007 |
Managing Director (since 2004) of Nuveen Securities LLC. | 133 | ||||||
Margo L. Cook 333 West Wacker Drive Chicago, IL 60606 (4/11/64) |
Vice President |
Term/Annual Length of Service: Since 2009 |
Executive Vice President (since 2008) of Nuveen Securities, Inc. and of Nuveen Fund Advisors, Inc. (since 2011); previously, Head of Institutional Asset Management (2007-2008) of Bear Stearns Asset Management; Head of Institutional Asset Mgt. (1986-2007) of Bank of NY Mellon; Chartered Financial Analyst. | 245 | ||||||
Lorna C. Ferguson 333 West Wacker Drive Chicago, IL 60606 (10/24/45) |
Vice President |
Term/Annual Length of Service: Since 1998 |
Managing Director (since 2004) of Nuveen Securities, LLC; Managing Director (since 2005) of Nuveen Fund Advisors. | 245 | ||||||
Stephen D. Foy 333 West Wacker Drive Chicago, IL 60606 (5/31/54) |
Vice President and Controller |
Term/Annual Length of Service: Since 1993 |
Senior Vice President (since 2010), formerly, Vice President (1993-2010) and Funds Controller (since 1998) of Nuveen Securities, LLC; Vice President (2005-2010) of Nuveen Fund Advisors, Inc.; Certified Public Accountant. | 245 | ||||||
31
Number of |
||||||||||
Portfolios |
||||||||||
Term of Office |
in Fund |
|||||||||
and |
Complex |
|||||||||
Name, Address |
Position(s) Held with |
Length of Time |
Principal Occupation(s) |
Served by |
||||||
and Birth date | Fund | Served(1) | During Past 5 Years | Officer | ||||||
Scott S. Grace 333 West Wacker Drive Chicago, IL 60606 (8/20/70) |
Vice President and Treasurer |
Term/Annual Length of Service: Since 2009 |
Managing Director, Corporate Finance & Development, Treasurer (since September 2009) of Nuveen Securities, LLC; Managing Director and Treasurer of Nuveen Investment Solutions, Inc., Nuveen Investments Advisers Inc., Nuveen Investments Holdings, Inc., Nuveen Fund Advisors, Inc. and of Nuveen Asset Management, LLC (since 2011); Vice President and Treasurer of NWQ Investment Management Company, LLC, Tradewinds Global Investors, LLC, Symphony Asset Management LLC and Winslow Capital Management, Inc.; Vice President of Santa Barbara Asset Management, LLC; formerly, Treasurer (2006-2009), Senior Vice President (2008-2009), previously, Vice President (2006-2008) of Janus Capital Group, Inc.; formerly, Senior Associate in Morgan Stanleys Global Financial Services Group (2000-2003); Chartered Accountant Designation. | 245 | ||||||
Walter M. Kelly 333 West Wacker Drive Chicago, IL 60606 (2/24/70) |
Chief Compliance Officer and Vice President |
Term/Annual Length of Service: Since 2003 |
Senior Vice President (since 2008), formerly, Vice President, of Nuveen Securities, LLC; Senior Vice President (since 2008) and Assistant Secretary (since 2003), of Nuveen Fund Advisors, Inc. | 245 | ||||||
Tina M. Lazar 333 West Wacker Drive Chicago, IL 60606 (8/27/61) |
Vice President |
Term/Annual Length of Service: Since 2002 |
Senior Vice President (since 2009), formerly, Vice President of Nuveen Securities, LLC (1999-2009); Senior Vice President (since 2010), formerly, Vice President (2005-2010) of Nuveen Fund Advisors, Inc. | 245 | ||||||
32
Number of |
||||||||||
Portfolios |
||||||||||
Term of Office |
in Fund |
|||||||||
and |
Complex |
|||||||||
Name, Address |
Position(s) Held with |
Length of Time |
Principal Occupation(s) |
Served by |
||||||
and Birth date | Fund | Served(1) | During Past 5 Years | Officer | ||||||
Larry W. Martin 333 West Wacker Drive Chicago, IL 60606 (7/27/51) |
Vice President and Assistant Secretary |
Term/Annual Length of Service: Since 1988 |
Senior Vice President (since 2010), formerly, Vice President (1993-2010), Assistant Secretary and Assistant General Counsel of Nuveen Securities, LLC; Senior Vice President (since 2011) of Nuveen Asset Management, LLC; Senior Vice President (since 2010), formerly, Vice President (2005-2010), and Assistant Secretary of Nuveen Investments, Inc.; Senior Vice President (since 2010), formerly, Vice President (2005-2010), and Assistant Secretary (since 1997) of Nuveen Fund Advisors, Inc.; Vice President and Assistant Secretary of Nuveen Investments Advisers Inc. (since 2002), NWQ Investment Management Company, LLC, Symphony Asset Management LLC (since 2003), Tradewinds Global Investors, LLC, Santa Barbara Asset Management LLC (since 2006), Nuveen HydePark Group, LLC, Nuveen Investment Solutions, Inc. (since 2007) and of Winslow Capital Management, Inc. (since 2010); Vice President and Assistant Secretary of Nuveen Commodities Asset Management, LLC (since 2010). | 245 | ||||||
33
Number of |
||||||||||
Portfolios |
||||||||||
Term of Office |
in Fund |
|||||||||
and |
Complex |
|||||||||
Name, Address |
Position(s) Held with |
Length of Time |
Principal Occupation(s) |
Served by |
||||||
and Birth date | Fund | Served(1) | During Past 5 Years | Officer | ||||||
Kevin J. McCarthy 333 West Wacker Drive Chicago, IL 60606 (3/26/66) |
Vice President and Secretary |
Term/Annual Length of Service: Since 2007 |
Managing Director (since 2008), formerly, Vice President (2007-2008) of Nuveen Securities, LLC; Managing Director (since 2008), Assistant Secretary (since 2007) and Co-General Counsel (since 2011) of Nuveen Fund Advisors, Inc.; Managing Director, Assistant Secretary and Associate General Counsel (since 2011) of Nuveen Asset Management, LLC; Vice President and Assistant Secretary of Nuveen Investments Advisers Inc., NWQ Investment Management Company, LLC, Tradewinds Global Investors, LLC, NWQ Holdings, LLC, Symphony Asset Management LLC, Santa Barbara Asset Management, LLC, Nuveen HydePark Group, LLC, Nuveen Investment Solutions, Inc. and of Winslow Capital Management, Inc. (since 2010); Vice President and Secretary of Nuveen Commodities Asset Management, LLC (since 2010); prior thereto, Partner, Bell, Boyd & Lloyd LLP (1997-2007). | 245 | ||||||
Kathleen L. Prudhomme 800 Nicollet Mall Minneapolis, MN 55402 (3/30/53) |
Vice President and Assistant Secretary |
Term/Annual Length of Service: Since 2011 |
Managing Director, Assistant Secretary and Co-General Counsel (since 2011) of Nuveen Fund Advisors, Inc.; Managing Director, Assistant Secretary and Associate General Counsel (since 2011) of Nuveen Asset Management, LLC; Managing Director and Assistant Secretary (since 2011) of Nuveen Securities, LLC; Deputy General Counsel, FAF Advisors, Inc. (2004-2010). | 245 | ||||||
(1) | Length of Time Served indicates the year the individual became an officer of a fund in the Nuveen fund complex. |
34
2. | Approval of the Elimination of Fundamental Investment Policies and Approval of New Fundamental Policies for each Affected Municipal Fund |
| facilitate a timely workout of the issuers situation in a manner that benefits the Fund; and |
| be or represent the best choice for reducing the likelihood or severity of loss on the Funds investment. |
35
2. | For each Affected Municipal Fund: |
(a) | Elimination of Fundamental Policy Relating to Making Loans: The Current Fundamental Policy with respect to making loans, and which is proposed to be eliminated, provides that the respective Affected Municipal Fund shall not: |
(b) | Approval of New Investment Policy Relating to Making Loans: It is proposed that each Affected Municipal Fund adopt a New Investment Policy with respect to making loans. The adoption of the following New Investment Policy for each Affected Municipal Fund is contingent on shareholder approval of the elimination of that Funds Current Fundamental Policy with respect to making loans, as reflected in 2(a) above. The proposed New Investment Policy provides that each Affected Municipal Fund shall not: |
3. | Approval of the Elimination of Fundamental Investment Policies and Approval of New Fundamental Policies for California Investment Quality and California Performance Plus* |
36
| enhanced ability of the Affected California Funds to generate attractive levels of tax-exempt income, while retaining the Funds orientation on investment grade quality municipal securities; |
| increased flexibility in diversifying portfolio risks and managing duration (the sensitivity of bond prices to interest rate changes) to pursue the preservation and possible growth of capital, which, if successful, will help to sustain and build common shareholder net asset value and asset coverage levels for preferred shares; and |
| improved secondary market competitiveness which may benefit common shareholders through higher relative market price and/or stronger premium/discount performance. |
(a) | Elimination of Fundamental Policies Relating to Investments in Municipal Securities and Below Investment Grade Securities: |
(b) | Approval of New Fundamental Policy Relating to Investments in Municipal Securities: |
37
38
(c) | Elimination of Fundamental Policies Relating to Commodities: |
(d) | Approval of New Fundamental Policy Relating to Commodities: |
(e) | Elimination of Fundamental Policies Relating to Derivatives and Short Sales: |
39
(f) | Elimination of the Fundamental Policy Prohibiting Investment in Other Investment Companies: |
40
41
42
Audit Related Fees | Tax Fees | All Other Fees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Audit Fees |
Adviser and Adviser |
Adviser and |
Adviser and |
|||||||||||||||||||||||||||||||||||||||||||||||||||||
Fund(1) | Fund(2) | Entities | Fund(3) | Adviser Entities | Fund(4) | Adviser Entities | ||||||||||||||||||||||||||||||||||||||||||||||||||
Fiscal |
Fiscal |
Fiscal |
Fiscal |
Fiscal |
Fiscal |
Fiscal |
Fiscal |
Fiscal |
Fiscal |
Fiscal |
Fiscal |
Fiscal |
Fiscal |
|||||||||||||||||||||||||||||||||||||||||||
Year |
Year |
Year |
Year |
Year |
Year |
Year |
Year |
Year |
Year |
Year |
Year |
Year |
Year |
|||||||||||||||||||||||||||||||||||||||||||
Ended |
Ended |
Ended |
Ended |
Ended |
Ended |
Ended |
Ended |
Ended |
Ended |
Ended |
Ended |
Ended |
Ended |
|||||||||||||||||||||||||||||||||||||||||||
2010 | 2011 | 2010 | 2011 | 2010 | 2011 | 2010 | 2011 | 2010 | 2011 | 2010 | 2011 | 2010 | 2011 | |||||||||||||||||||||||||||||||||||||||||||
Floating Rate Income
|
$ | 67,144 | $ | 51,100 | $ | 0 | $ | 32,000 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 10,000 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||||||||||||||
Floating Rate Income Opportunity
|
48,211 | 51,100 | 0 | 32,000 | 0 | 0 | 0 | 0 | 0 | 0 | 10,000 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Senior Income
|
37,945 | 51,100 | 0 | 32,000 | 0 | 0 | 0 | 0 | 0 | 0 | 10,000 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Tax-Advantaged Floating Rate
|
24,100 | 24,100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Arizona Dividend
Advantage(5)
|
8,343 | 18,200 | 6,250 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 850 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Arizona Dividend Advantage
2(5)
|
9,002 | 18,200 | 6,250 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 850 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Arizona Dividend Advantage
3(5)
|
9,300 | 18,200 | 6,250 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 850 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Arizona Premium
Income(5)
|
10,252 | 18,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,400 | 1,700 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
California Dividend Advantage
|
22,589 | 18,200 | 0 | 6,250 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 850 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
California Dividend Advantage 2
|
17,483 | 18,200 | 0 | 6,250 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 850 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
California Dividend Advantage 3
|
22,997 | 18,200 | 20,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 850 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
California Investment Quality
|
16,765 | 18,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,400 | 3,400 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
California Market Opportunity
|
12,717 | 18,200 | 0 | 1,500 | 0 | 0 | 0 | 0 | 0 | 0 | 3,400 | 850 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
California Value
|
15,264 | 18,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
California Value 2
|
8,994 | 18,200 | 8,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
California Performance Plus
|
16,347 | 18,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,400 | 3,400 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
California Premium Income
|
11,028 | 18,200 | 0 | 18,750 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 850 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
California Quality Income
|
23,135 | 18,200 | 0 | 1,500 | 0 | 0 | 0 | 0 | 0 | 0 | 3,400 | 2,550 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
California Select Quality
|
23,460 | 18,200 | 0 | 1,500 | 0 | 0 | 0 | 0 | 0 | 0 | 3,400 | 2,550 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Maryland Dividend Advantage
|
10,123 | 18,200 | 12,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Maryland Dividend Advantage 2
|
10,163 | 18,200 | 12,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Maryland Dividend Advantage 3
|
11,036 | 18,200 | 15,000 | 12,500 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 850 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Maryland Premium Income
|
14,818 | 18,200 | 15,000 | 12,500 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 850 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Massachusetts Dividend Advantage
|
8,691 | 18,200 | 12,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Massachusetts Premium Income
|
10,697 | 18,200 | 15,000 | 12,500 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 850 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Michigan Dividend Advantage
|
8,720 | 18,200 | 0 | 12,500 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 850 | 0 | 0 |
43
Audit Related Fees | Tax Fees | All Other Fees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Audit Fees |
Adviser and Adviser |
Adviser and |
Adviser and |
|||||||||||||||||||||||||||||||||||||||||||||||||||||
Fund(1) | Fund(2) | Entities | Fund(3) | Adviser Entities | Fund(4) | Adviser Entities | ||||||||||||||||||||||||||||||||||||||||||||||||||
Fiscal |
Fiscal |
Fiscal |
Fiscal |
Fiscal |
Fiscal |
Fiscal |
Fiscal |
Fiscal |
Fiscal |
Fiscal |
Fiscal |
Fiscal |
Fiscal |
|||||||||||||||||||||||||||||||||||||||||||
Year |
Year |
Year |
Year |
Year |
Year |
Year |
Year |
Year |
Year |
Year |
Year |
Year |
Year |
|||||||||||||||||||||||||||||||||||||||||||
Ended |
Ended |
Ended |
Ended |
Ended |
Ended |
Ended |
Ended |
Ended |
Ended |
Ended |
Ended |
Ended |
Ended |
|||||||||||||||||||||||||||||||||||||||||||
2010 | 2011 | 2010 | 2011 | 2010 | 2011 | 2010 | 2011 | 2010 | 2011 | 2010 | 2011 | 2010 | 2011 | |||||||||||||||||||||||||||||||||||||||||||
Michigan Premium Income
|
$ | 12,700 | $ | 18,200 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 3,400 | $ | 3,400 | $ | 0 | $ | 0 | ||||||||||||||||||||||||||||
Michigan Quality Income
|
15,852 | 18,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,400 | 3,400 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Missouri Premium Income
|
8,837 | 18,200 | 0 | 12,500 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 850 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
New Jersey Dividend Advantage
|
11,876 | 18,200 | 0 | 6,250 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 850 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
New Jersey Dividend Advantage 2
|
10,465 | 18,200 | 0 | 12,500 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 850 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
New Jersey Investment Quality
|
21,785 | 18,200 | 0 | 1,500 | 0 | 0 | 0 | 0 | 0 | 0 | 3,400 | 1,700 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
New Jersey Value
|
8,085 | 18,200 | 8,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
New Jersey Premium Income
|
16,154 | 18,200 | 0 | 1,500 | 0 | 0 | 0 | 0 | 0 | 0 | 3,400 | 1,700 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Ohio Dividend Advantage
|
10,376 | 18,200 | 0 | 12,500 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 850 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Ohio Dividend Advantage 2
|
9,523 | 18,200 | 0 | 6,250 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 850 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Ohio Dividend Advantage 3
|
8,892 | 18,200 | 0 | 6,250 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 850 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Ohio Quality Income
|
14,927 | 18,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,400 | 3,400 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Pennsylvania Value
|
7,897 | 18,200 | 8,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Pennsylvania Dividend Advantage
|
9,635 | 18,200 | 0 | 12,500 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 850 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Pennsylvania Dividend Advantage 2
|
9,866 | 18,200 | 0 | 12,500 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 850 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Pennsylvania Investment Quality
|
18,859 | 18,200 | 0 | 1,500 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 850 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Pennsylvania Premium Income 2
|
17,824 | 18,200 | 0 | 1,500 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 850 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Texas Quality
Income(5)
|
14,097 | 18,200 | 6,250 | 6,250 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 850 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Virginia Dividend Advantage
|
9,506 | 18,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Virginia Dividend Advantage 2
|
11,477 | 18,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
Virginia Premium Income
|
13,551 | 18,200 | 4,000 | 12,500 | 0 | 0 | 0 | 0 | 0 | 0 | 850 | 850 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
(1) | Audit Fees are the aggregate fees billed for professional services for the audit of the Funds annual financial statements and services provided in connection with statutory and regulatory filings or engagements. |
(2) | Audit Related Fees are the aggregate fees billed for assurance and related services reasonably related to the performance of audit or review of financial statements and are not reported under Audit Fees. |
(3) | Tax Fees are the aggregate fees billed for professional services for tax advice, tax compliance and tax planning. |
(4) | All Other Fees are the aggregate fees billed for products and services for agreed-upon procedures engagements for the leveraged Funds. |
(5) | Fund changed fiscal year from July to February in 2011. |
44
Total Non-Audit Fees |
||||||||||||||||||||||||||||||||
Billed to Adviser and |
||||||||||||||||||||||||||||||||
Adviser Entities |
||||||||||||||||||||||||||||||||
(Engagements Related |
Total Non-Audit Fees |
|||||||||||||||||||||||||||||||
Directly to the Operations |
Billed to Adviser and |
|||||||||||||||||||||||||||||||
Total Non-Audit Fees |
and Financial Reporting |
Adviser Entities (All Other |
||||||||||||||||||||||||||||||
Billed to Fund | of Fund) | Engagements) | Total | |||||||||||||||||||||||||||||
Fiscal Year |
Fiscal Year |
Fiscal Year |
Fiscal Year |
Fiscal Year |
Fiscal Year |
Fiscal Year |
Fiscal Year |
|||||||||||||||||||||||||
Fund | Ended 2010 | Ended 2011 | Ended 2010 | Ended 2011 | Ended 2010 | Ended 2011 | Ended 2010 | Ended 2011 | ||||||||||||||||||||||||
Floating Rate Income
|
$ | 10,000 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 10,000 | $ | 0 | ||||||||||||||||
Floating Rate Income Opportunity
|
10,000 | 0 | 0 | 0 | 0 | 0 | 10,000 | 0 | ||||||||||||||||||||||||
Senior Income
|
10,000 | 0 | 0 | 0 | 0 | 0 | 10,000 | 0 | ||||||||||||||||||||||||
Tax-Advantaged Floating Rate
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||
Arizona Dividend
Advantage(1)
|
850 | 850 | 0 | 0 | 0 | 0 | 850 | 850 | ||||||||||||||||||||||||
Arizona Dividend Advantage
2(1)
|
850 | 850 | 0 | 0 | 0 | 0 | 850 | 850 | ||||||||||||||||||||||||
Arizona Dividend Advantage
3(1)
|
850 | 850 | 0 | 0 | 0 | 0 | 850 | 850 | ||||||||||||||||||||||||
Arizona Premium
Income(1)
|
3,400 | 1,700 | 0 | 0 | 0 | 0 | 3,400 | 1,700 | ||||||||||||||||||||||||
California Dividend Advantage
|
850 | 850 | 0 | 0 | 0 | 0 | 850 | 850 | ||||||||||||||||||||||||
California Dividend Advantage 2
|
850 | 850 | 0 | 0 | 0 | 0 | 850 | 850 | ||||||||||||||||||||||||
California Dividend Advantage 3
|
850 | 850 | 0 | 0 | 0 | 0 | 850 | 850 | ||||||||||||||||||||||||
California Investment Quality
|
3,400 | 3,400 | 0 | 0 | 0 | 0 | 3,400 | 3,400 | ||||||||||||||||||||||||
California Market Opportunity
|
3,400 | 850 | 0 | 0 | 0 | 0 | 3,400 | 850 | ||||||||||||||||||||||||
California Value
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||
California Value 2
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||
California Performance Plus
|
3,400 | 3,400 | 0 | 0 | 0 | 0 | 3,400 | 3,400 | ||||||||||||||||||||||||
California Premium Income
|
850 | 850 | 0 | 0 | 0 | 0 | 850 | 850 | ||||||||||||||||||||||||
California Quality Income
|
3,400 | 2,550 | 0 | 0 | 0 | 0 | 3,400 | 2,550 | ||||||||||||||||||||||||
California Select Quality
|
3,400 | 2,550 | 0 | 0 | 0 | 0 | 3,400 | 2,550 | ||||||||||||||||||||||||
Maryland Dividend Advantage
|
850 | 0 | 0 | 0 | 0 | 0 | 850 | 0 | ||||||||||||||||||||||||
Maryland Dividend Advantage 2
|
850 | 0 | 0 | 0 | 0 | 0 | 850 | 0 | ||||||||||||||||||||||||
Maryland Dividend Advantage 3
|
850 | 850 | 0 | 0 | 0 | 0 | 850 | 850 | ||||||||||||||||||||||||
Maryland Premium Income
|
850 | 850 | 0 | 0 | 0 | 0 | 850 | 850 |
45
Total Non-Audit Fees |
||||||||||||||||||||||||||||||||
Billed to Adviser and |
||||||||||||||||||||||||||||||||
Adviser Entities |
||||||||||||||||||||||||||||||||
(Engagements Related |
Total Non-Audit Fees |
|||||||||||||||||||||||||||||||
Directly to the Operations |
Billed to Adviser and |
|||||||||||||||||||||||||||||||
Total Non-Audit Fees |
and Financial Reporting |
Adviser Entities (All Other |
||||||||||||||||||||||||||||||
Billed to Fund | of Fund) | Engagements) | Total | |||||||||||||||||||||||||||||
Fiscal Year |
Fiscal Year |
Fiscal Year |
Fiscal Year |
Fiscal Year |
Fiscal Year |
Fiscal Year |
Fiscal Year |
|||||||||||||||||||||||||
Fund | Ended 2010 | Ended 2011 | Ended 2010 | Ended 2011 | Ended 2010 | Ended 2011 | Ended 2010 | Ended 2011 | ||||||||||||||||||||||||
Massachusetts Dividend Advantage
|
$ | 850 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 850 | $ | 0 | ||||||||||||||||
Massachusetts Premium Income
|
850 | 850 | 0 | 0 | 0 | 0 | 850 | 850 | ||||||||||||||||||||||||
Michigan Dividend Advantage
|
850 | 850 | 0 | 0 | 0 | 0 | 850 | 850 | ||||||||||||||||||||||||
Michigan Premium Income
|
3,400 | 3,400 | 0 | 0 | 0 | 0 | 3,400 | 3,400 | ||||||||||||||||||||||||
Michigan Quality Income
|
3,400 | 3,400 | 0 | 0 | 0 | 0 | 3,400 | 3,400 | ||||||||||||||||||||||||
Missouri Premium Income
|
850 | 850 | 0 | 0 | 0 | 0 | 850 | 850 | ||||||||||||||||||||||||
New Jersey Dividend Advantage
|
850 | 850 | 0 | 0 | 0 | 0 | 850 | 850 | ||||||||||||||||||||||||
New Jersey Dividend Advantage 2
|
850 | 850 | 0 | 0 | 0 | 0 | 850 | 850 | ||||||||||||||||||||||||
New Jersey Investment Quality
|
3,400 | 1,700 | 0 | 0 | 0 | 0 | 3,400 | 1,700 | ||||||||||||||||||||||||
New Jersey Value
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||
New Jersey Premium Income
|
3,400 | 1,700 | 0 | 0 | 0 | 0 | 3,400 | 1,700 | ||||||||||||||||||||||||
Ohio Dividend Advantage
|
850 | 850 | 0 | 0 | 0 | 0 | 850 | 850 | ||||||||||||||||||||||||
Ohio Dividend Advantage 2
|
850 | 850 | 0 | 0 | 0 | 0 | 850 | 850 | ||||||||||||||||||||||||
Ohio Dividend Advantage 3
|
850 | 850 | 0 | 0 | 0 | 0 | 850 | 850 | ||||||||||||||||||||||||
Ohio Quality Income
|
3,400 | 3,400 | 0 | 0 | 0 | 0 | 3,400 | 3,400 | ||||||||||||||||||||||||
Pennsylvania Value
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||
Pennsylvania Dividend Advantage
|
850 | 850 | 0 | 0 | 0 | 0 | 850 | 850 | ||||||||||||||||||||||||
Pennsylvania Dividend Advantage 2
|
850 | 850 | 0 | 0 | 0 | 0 | 850 | 850 | ||||||||||||||||||||||||
Pennsylvania Investment Quality
|
850 | 850 | 0 | 0 | 0 | 0 | 850 | 850 | ||||||||||||||||||||||||
Pennsylvania Premium Income 2
|
850 | 850 | 0 | 0 | 0 | 0 | 850 | 850 | ||||||||||||||||||||||||
Texas Quality
Income(1)
|
850 | 850 | 0 | 0 | 0 | 0 | 850 | 850 | ||||||||||||||||||||||||
Virginia Dividend Advantage
|
850 | 0 | 0 | 0 | 0 | 0 | 850 | 0 | ||||||||||||||||||||||||
Virginia Dividend Advantage 2
|
850 | 0 | 0 | 0 | 0 | 0 | 850 | 0 | ||||||||||||||||||||||||
Virginia Premium Income
|
850 | 850 | 0 | 0 | 0 | 0 | 850 | 850 | ||||||||||||||||||||||||
(1) | Fund changed fiscal year from July to February starting in 2011. |
46
47
48
49
50
Floating |
Tax- |
|||||||||||||||||||||||
Floating |
Rate |
Advantaged |
Arizona |
Arizona |
||||||||||||||||||||
Board Member |
Rate |
Income |
Senior |
Floating |
Dividend |
Dividend |
||||||||||||||||||
Nominees | Income | Opportunity | Income | Rate | Advantage | Advantage 2 | ||||||||||||||||||
Board Members/Nominees who are not interested persons of the
Funds
|
||||||||||||||||||||||||
Robert P. Bremner
|
$0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||||||
Jack B. Evans
|
$10,001-$50,000 | $0 | $50,001-$100,000 | $0 | $0 | $0 | ||||||||||||||||||
William C. Hunter
|
$0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||||||
David J. Kundert
|
$0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||||||
William J. Schneider
|
Over $100,000 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||||||
Judith M. Stockdale
|
$0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||||||
Carole E. Stone
|
$0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||||||
Virginia L. Stringer
|
$0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||||||
Terence J. Toth
|
$0 | $50,001-$100,000 | Over $100,000 | $0 | $0 | $0 | ||||||||||||||||||
Board Member/Nominee who is an interested person of the
Funds
|
||||||||||||||||||||||||
John P. Amboian
|
$0 | $0 | $0 | $10,001-$50,000 | $0 | $0 | ||||||||||||||||||
Arizona |
Arizona |
California |
California |
California |
California |
|||||||||||||||||||
Board Member |
Dividend |
Premium |
Premium |
Dividend |
Dividend |
Investment |
||||||||||||||||||
Nominees | Advantage 3 | Income | Advantage | Advantage 2 | Advantage 3 | Quality | ||||||||||||||||||
Board Members/Nominees who are not interested persons of the
Funds
|
||||||||||||||||||||||||
Robert P. Bremner
|
$0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||||||
Jack B. Evans
|
$0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||||||
William C. Hunter
|
$0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||||||
David J. Kundert
|
$0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||||||
William J. Schneider
|
$0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||||||
Judith M. Stockdale
|
$0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||||||
Carole E. Stone
|
$0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||||||
Virginia L. Stringer
|
$0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||||||
Terence J. Toth
|
$0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||||||
Board Member/Nominee who is an interested person of the
Funds
|
||||||||||||||||||||||||
John P. Amboian
|
$0 | $0 | $0 | $0 | $0 | $0 | ||||||||||||||||||
A-1
Dollar Range of Equity Securities | ||||||||||||||||||||||||||||
California |
California |
California |
California |
California |
||||||||||||||||||||||||
Board Member |
Market |
California |
California |
Performance |
Premium |
Quality |
Select |
|||||||||||||||||||||
Nominees | Opportunity | Value | Value 2 | Plus | Income | Income | Quality | |||||||||||||||||||||
Board Members/Nominees who are not interested persons of the
Funds
|
||||||||||||||||||||||||||||
Robert P. Bremner
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Jack B. Evans
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
William C. Hunter
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
David J. Kundert
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
William J. Schneider
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Judith M. Stockdale
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Carole E. Stone
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Virginia L. Stringer
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Terence J. Toth
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Board Member/Nominee who is an interested person of the
Funds
|
||||||||||||||||||||||||||||
John P. Amboian
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Maryland |
Maryland |
Maryland |
Maryland |
Massachusetts |
Massachusetts |
Michigan |
||||||||||||||||||||||
Board Member |
Dividend |
Dividend |
Dividend |
Premium |
Dividend |
Premium |
Dividend |
|||||||||||||||||||||
Nominees | Advantage | Advantage 2 | Advantage 3 | Income | Advantage | Income | Advantage | |||||||||||||||||||||
Board Members/Nominees who are not interested persons of the
Funds
|
||||||||||||||||||||||||||||
Robert P. Bremner
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Jack B. Evans
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
William C. Hunter
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
David J. Kundert
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
William J. Schneider
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Judith M. Stockdale
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Carole E. Stone
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Virginia L. Stringer
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Terence J. Toth
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Board Member/Nominee who is an interested person of the
Funds
|
||||||||||||||||||||||||||||
John P. Amboian
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
A-2
Dollar Range of Equity Securities | ||||||||||||||||||||||||||||
Michigan |
Michigan |
Missouri |
New Jersey |
New Jersey |
New Jersey |
|||||||||||||||||||||||
Board Member |
Premium |
Quality |
Premium |
Dividend |
Dividend |
Investment |
New Jersey |
|||||||||||||||||||||
Nominees | Income | Income | Income | Advantage | Advantage 2 | Quality | Value | |||||||||||||||||||||
Board Members/Nominees who are not interested persons of the
Funds
|
||||||||||||||||||||||||||||
Robert P. Bremner
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Jack B. Evans
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
William C. Hunter
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
David J. Kundert
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
William J. Schneider
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Judith M. Stockdale
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Carole E. Stone
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Virginia L. Stringer
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Terence J. Toth
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Board Member/Nominee who is an interested person of the
Funds
|
||||||||||||||||||||||||||||
John P. Amboian
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
New |
||||||||||||||||||||||||||||
Jersey |
Ohio |
Ohio |
Ohio |
Ohio |
Pennsylvania |
|||||||||||||||||||||||
Board Member |
Premium |
Dividend |
Dividend |
Dividend |
Quality |
Pennsylvania |
Dividend |
|||||||||||||||||||||
Nominees | Income | Advantage | Advantage 2 | Advantage 3 | Income | Value | Advantage | |||||||||||||||||||||
Board Members/Nominees who are not interested persons of the
Funds
|
||||||||||||||||||||||||||||
Robert P. Bremner
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Jack B. Evans
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
William C. Hunter
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
David J. Kundert
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
William J. Schneider
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Judith M. Stockdale
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Carole E. Stone
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Virginia L. Stringer
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Terence J. Toth
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Board Member/Nominee who is an interested person of the
Funds
|
||||||||||||||||||||||||||||
John P. Amboian
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
A-3
Dollar Range of Equity Securities | ||||||||||||||||||||||||||||
Pennsylvania |
Pennsylvania |
Pennsylvania |
Texas |
Virginia |
Virginia |
Virginia |
||||||||||||||||||||||
Board Member |
Dividend |
Investment |
Premium |
Quality |
Dividend |
Dividend |
Premium |
|||||||||||||||||||||
Nominees | Advantage 2 | Quality | Income 2 | Income | Advantage | Advantage 2 | Income | |||||||||||||||||||||
Board Members/Nominees who are not interested persons of the
Funds
|
||||||||||||||||||||||||||||
Robert P. Bremner
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Jack B. Evans
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
William C. Hunter
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
David J. Kundert
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
William J. Schneider
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Judith M. Stockdale
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Carole E. Stone
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Virginia L. Stringer
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Terence J. Toth
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Board Member/Nominee who is an interested person of the
Funds
|
||||||||||||||||||||||||||||
John P. Amboian
|
$0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||||||||||||||
Dollar Range of Equity Securities | ||||
Aggregate |
||||
Range of |
||||
Securities All |
||||
Registered |
||||
Investment |
||||
Companies |
||||
Overseen by |
||||
Board Member |
||||
Nominees in |
||||
Family of |
||||
Board Member |
Investment |
|||
Nominees | Companies(1) | |||
Board Members/Nominees who are not interested persons of the
Funds
|
||||
Robert P. Bremner
|
Over $100,000 | |||
Jack B. Evans
|
Over $100,000 | |||
William C. Hunter
|
Over $100,000 | |||
David J. Kundert
|
Over $100,000 | |||
William J. Schneider
|
Over $100,000 | |||
Judith M. Stockdale
|
Over $100,000 | |||
Carole E. Stone
|
Over $100,000 | |||
Virginia L. Stringer
|
Over $100,000 | |||
Terence J. Toth
|
Over $100,000 | |||
Board Member/Nominee who is an interested person of the
Funds
|
||||
John P. Amboian
|
Over $100,000 | |||
(1) | The amounts reflect the aggregate dollar range of equity securities and the number of shares beneficially owned by the Board Member in the Funds and in all Nuveen funds overseen by the Board Member. |
A-4
Fund Shares Owned By Board Members And Officers(1) | ||||||||||||||||||||||||||||
Tax- |
||||||||||||||||||||||||||||
Floating |
Floating |
Advantaged |
Arizona |
Arizona |
Arizona |
|||||||||||||||||||||||
Board Member |
Rate |
Rate Income |
Senior |
Floating |
Dividend |
Dividend |
Dividend |
|||||||||||||||||||||
Nominees | Income | Opportunity | Income | Rate | Advantage | Advantage 2 | Advantage 3 | |||||||||||||||||||||
Board Members/Nominees who are not interested persons of the
Funds
|
||||||||||||||||||||||||||||
Robert P. Bremner
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Jack B. Evans
|
1,600 | 0 | 10,000 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
William C. Hunter
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
David J. Kundert
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
William J. Schneider
|
25,300 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Judith M. Stockdale
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Carole E. Stone
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Virginia L. Stringer
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Terence J. Toth
|
0 | 7,259 | 12,865 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Board Member/Nominee who is an interested person of the
Funds
|
||||||||||||||||||||||||||||
John P. Amboian
|
0 | 0 | 0 | 17,950 | 0 | 0 | 0 | |||||||||||||||||||||
All Board Members and Officers as a Group
|
26,900 | 7,259 | 22,865 | 17,950 | 0 | 0 | 0 | |||||||||||||||||||||
Fund Shares Owned By Board Members And Officers(1) | ||||||||||||||||||||||||||||
Arizona |
California |
California |
California |
California |
California |
|||||||||||||||||||||||
Board Member |
Premium |
Dividend |
Dividend |
Dividend |
Investment |
Market |
California |
|||||||||||||||||||||
Nominees | Income | Advantage | Advantage 2 | Advantage 3 | Quality | Opportunity | Value | |||||||||||||||||||||
Board Members/Nominees who are not interested persons of the
Funds
|
||||||||||||||||||||||||||||
Robert P. Bremner
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Jack B. Evans
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
William C. Hunter
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
David J. Kundert
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
William J. Schneider
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Judith M. Stockdale
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Carole E. Stone
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Virginia L. Stringer
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Terence J. Toth
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Board Member/Nominee who is an interested person of the
Funds
|
||||||||||||||||||||||||||||
John P. Amboian
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
All Board Members and Officers as a Group
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
(1) | The numbers include share equivalents of certain Nuveen funds in which the Board Member is deemed to be invested pursuant to the Deferred Compensation Plan. |
A-5
Fund Shares Owned By Board Members And Officers(1) | ||||||||||||||||||||||||||||||||
California |
California |
California |
California |
Maryland |
Maryland |
|||||||||||||||||||||||||||
Board Member |
California |
Performance |
Premium |
Quality |
Select |
Dividend |
Dividend |
|||||||||||||||||||||||||
Nominees | Value 2 | Plus | Income | Income | Quality | Advantage | Advantage 2 | |||||||||||||||||||||||||
Robert P. Bremner
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
Jack B. Evans
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
William C. Hunter
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
David J. Kundert
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
William J. Schneider
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
Judith M. Stockdale
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
Carole E. Stone
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
Virginia L. Stringer
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
Terence J. Toth
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
Board Member/Nominee who is an interested person of the
Funds
|
||||||||||||||||||||||||||||||||
John P. Amboian
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
All Board Members and Officers as a Group
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
Maryland |
Maryland |
Massachusetts |
Massachusetts |
Michigan |
Michigan |
Michigan |
||||||||||||||||||||||
Board Member |
Dividend |
Premium |
Dividend |
Premium |
Dividend |
Premium |
Quality |
|||||||||||||||||||||
Nominees | Advantage 3 | Income | Advantage | Income | Advantage | Income | Income | |||||||||||||||||||||
Board Members/Nominees who are not interested persons of the
Funds
|
||||||||||||||||||||||||||||
Robert P. Bremner
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Jack B. Evans
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
William C. Hunter
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
David J. Kundert
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
William J. Schneider
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Judith M. Stockdale
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Carole E. Stone
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Virginia L. Stringer
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Terence J. Toth
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Board Member/Nominee who is an interested person of the
Funds
|
||||||||||||||||||||||||||||
John P. Amboian
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
All Board Members and Officers as a Group
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
(1) | The numbers include share equivalents of certain Nuveen funds in which the Board Member is deemed to be invested pursuant to the Deferred Compensation Plan. |
A-6
Fund Shares Owned By Board Members And Officers(1) | ||||||||||||||||||||||||||||
Missouri |
New Jersey |
New Jersey |
New Jersey |
New Jersey |
Ohio |
|||||||||||||||||||||||
Board Member |
Premium |
Dividend |
Dividend |
Investment |
New Jersey |
Premium |
Dividend |
|||||||||||||||||||||
Nominees | Income | Advantage | Advantage 2 | Quality | Value | Income | Advantage | |||||||||||||||||||||
Board Members/Nominees who are not interested persons of the
Funds
|
||||||||||||||||||||||||||||
Robert P. Bremner
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Jack B. Evans
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
William C. Hunter
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
David J. Kundert
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
William J. Schneider
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Judith M. Stockdale
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Carole E. Stone
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Virginia L. Stringer
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Terence J. Toth
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Board Member/Nominee who is an interested person of the
Funds
|
||||||||||||||||||||||||||||
John P. Amboian
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
All Board Members and Officers as a Group
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
(1) | The numbers include share equivalents of certain Nuveen funds in which the Board Member is deemed to be invested pursuant to the Deferred Compensation Plan. |
Ohio |
Ohio |
Ohio |
Pennsylvania |
Pennsylvania |
Pennsylvania |
|||||||||||||||||||||||
Board Member |
Dividend |
Dividend |
Quality |
Pennsylvania |
Dividend |
Dividend |
Investment |
|||||||||||||||||||||
Nominees | Advantage 2 | Advantage 3 | Income | Value | Advantage | Advantage 2 | Quality | |||||||||||||||||||||
Board Members/Nominees who are not interested persons of the
Funds
|
||||||||||||||||||||||||||||
Robert P. Bremner
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Jack B. Evans
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
William C. Hunter
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
David J. Kundert
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
William J. Schneider
|
0 | 0 | 57 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Judith M. Stockdale
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Carole E. Stone
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Virginia L. Stringer
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Terence J. Toth
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
Board Member/Nominee who is an interested person of the
Funds
|
||||||||||||||||||||||||||||
John P. Amboian
|
0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
All Board Members and Officers as a Group
|
0 | 0 | 57 | 0 | 0 | 0 | 0 | |||||||||||||||||||||
(1) | The numbers include share equivalents of certain Nuveen funds in which the Board Member is deemed to be invested pursuant to the Deferred Compensation Plan. |
A-7
Fund Shares Owned By Board Members And Officers(1) | ||||||||||||||||||||
Pennsylvania |
Texas |
Virginia |
Virginia |
Virginia |
||||||||||||||||
Board Member |
Premium |
Quality |
Dividend |
Dividend |
Premium |
|||||||||||||||
Nominees | Income 2 | Income | Advantage | Advantage 2 | Income | |||||||||||||||
Board Members/Nominees who are not interested persons of the
Funds
|
||||||||||||||||||||
Robert P. Bremner
|
0 | 0 | 0 | 0 | 0 | |||||||||||||||
Jack B. Evans
|
0 | 0 | 0 | 0 | 0 | |||||||||||||||
William C. Hunter
|
0 | 0 | 0 | 0 | 0 | |||||||||||||||
David J. Kundert
|
0 | 0 | 0 | 0 | 0 | |||||||||||||||
William J. Schneider
|
0 | 0 | 0 | 0 | 0 | |||||||||||||||
Judith M. Stockdale
|
0 | 0 | 0 | 0 | 0 | |||||||||||||||
Carole E. Stone
|
0 | 0 | 0 | 0 | 0 | |||||||||||||||
Virginia L. Stringer
|
0 | 0 | 0 | 0 | 0 | |||||||||||||||
Terence J. Toth
|
0 | 0 | 0 | 0 | 0 | |||||||||||||||
Board Member/Nominee who is an interested person of the
Funds
|
||||||||||||||||||||
John P. Amboian
|
0 | 0 | 0 | 0 | 0 | |||||||||||||||
All Board Members and Officers as a Group
|
0 | 0 | 0 | 0 | 0 | |||||||||||||||
(1) | The numbers include share equivalents of certain Nuveen funds in which the Board Member is deemed to be invested pursuant to the Deferred Compensation Plan. |
A-8
Amount of |
Percentage |
|||||||||
Fund and Class | Shareholder Name and Address | Shares Owned | Owned | |||||||
Floating Rate Income (JFR)
Common Shares |
First Trust Portfolios
L.P.(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
10,307,575 | 21.80% | |||||||
First Trust Advisors
L.P.(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
||||||||||
The Charger
Corporation(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
||||||||||
Floating Rate Income Opportunity (JRO)
Common Shares |
First Trust Portfolios
L.P.(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
6,392,308 | 21.40% | |||||||
First Trust Advisors
L.P.(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
||||||||||
The Charger
Corporation(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
||||||||||
Senior Income (NSL)
Common Shares |
First Trust Portfolios
L.P.(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
5,918,390 | 19.8% | |||||||
First Trust Advisors
L.P.(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
||||||||||
The Charger
Corporation(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
||||||||||
California Dividend Advantage 2 (NVX)
MuniFund Term Preferred Shares |
Karpus Management, Inc., d/b/a Karpus Investment Management 183 Sullys Trail Pittsford, New York 14534 |
858,400 | 20.03% | |||||||
(NVX) Common Shares
|
First Trust Portfolios
L.P.(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
1,522,477 | 10.30% | |||||||
First Trust Advisors
L.P.(a) 1001 Warrenville Road Lisle, IL 60532 |
||||||||||
The Charger
Corporation(a) 1001 Warrenville Road Lisle, IL 60532 |
||||||||||
B-1
Amount of |
Percentage |
|||||||||
Fund and Class | Shareholder Name and Address | Shares Owned | Owned | |||||||
(NZH) MuniFund Term Preferred Shares
|
Karpus Management, Inc., d/b/a Karpus Investment Management 183 Sullys Trail Pittsford, New York 14534 |
1,172,000 | 26.58% | |||||||
(NZH) Common Shares
|
First Trust Portfolios
L.P.(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
2,033,040 | 8.40% | |||||||
First Trust Advisors
L.P.(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
||||||||||
The Charger
Corporation(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
||||||||||
California Investment Quality (NQC)
Common Shares |
First Trust Portfolios
L.P.(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
870,793 | 6.40% | |||||||
First Trust Advisors
L.P.(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
||||||||||
The Charger
Corporation(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
||||||||||
California Performance Plus (NCP)
Common Shares |
First Trust Portfolios
L.P.(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
842,490 | 6.50% | |||||||
First Trust Advisors
L.P.(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
||||||||||
The Charger
Corporation(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
||||||||||
California Quality Income (NUC)
Common Shares |
First Trust Portfolios
L.P.(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
1,507,908 | 6.90% | |||||||
First Trust Advisors
L.P.(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
||||||||||
The Charger
Corporation(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
||||||||||
California Select Quality (NVC)
Common Shares |
First Trust Portfolios
L.P.(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
1,682,505 | 7.30% | |||||||
First Trust Advisors
L.P.(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
||||||||||
B-2
Amount of |
Percentage |
|||||||||
Fund and Class | Shareholder Name and Address | Shares Owned | Owned | |||||||
The Charger
Corporation(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
||||||||||
(NFM) MuniFund Term Preferred Shares
|
Karpus Management, Inc., d/b/a Karpus Investment Management 183 Sullys Trail Pittsford, New York 14534 |
197,115 | 7.44% | |||||||
Maryland Dividend Advantage 2 (NZR)
MuniFund Term Preferred Shares |
Karpus Management, Inc., d/b/a Karpus Investment Management 183 Sullys Trail Pittsford, New York 14534 |
408,583 | 14.97% | |||||||
Maryland Dividend Advantage 3 (NWI)
MuniFund Term Preferred Shares |
Karpus Management, Inc., d/b/a Karpus Investment Management 183 Sullys Trail Pittsford, New York 14534 |
193,394 | 9.34% | |||||||
Maryland Premium Income (NMY)
MuniFund Term Preferred Shares |
Karpus Management, Inc., d/b/a Karpus Investment Management 183 Sullys Trail Pittsford, New York 14534 |
253,873 | 6.55% | |||||||
Massachusetts Dividend Advantage (NMB)
MuniFund Term Preferred Shares |
Karpus Management, Inc., d/b/a Karpus Investment Management 183 Sullys Trail Pittsford, New York 14534 |
152,600 | 10.36% | |||||||
Massachusetts Premium Income (NMT)
MuniFund Term Preferred Shares |
Karpus Management, Inc., d/b/a Karpus Investment Management 183 Sullys Trail Pittsford, New York 14534 |
194,600 | 9.63% | |||||||
Michigan Quality Income (NUM)
Auction Rate Preferred Shares |
UBS AG Bahnhoftstrasse 45 PO Box CH-8021 Zurich, Switzerland |
471 | 13.48% | |||||||
New Jersey Dividend Advantage (NXJ)
Common Shares |
First Trust Portfolios
L.P.(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
539,701 | 8.20% | |||||||
First Trust Advisors
L.P.(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
||||||||||
The Charger
Corporation(a) 120 East Liberty Drive, Suite 400 Wheaton, IL 60187 |
||||||||||
Ohio Dividend Advantage (NXI)
MuniFund Term Preferred Shares |
Karpus Management, Inc., d/b/a Karpus Investment Management 183 Sullys Trail Pittsford, New York 14534 |
140,000 | 12.01% | |||||||
B-3
Amount of |
Percentage |
|||||||||
Fund and Class | Shareholder Name and Address | Shares Owned | Owned | |||||||
Ohio Dividend Advantage 3 (NVJ)
MuniFund Term Preferred Shares |
Karpus Management, Inc., d/b/a Karpus Investment Management 183 Sullys Trail Pittsford, New York 14534 |
250,000 | 13.54% | |||||||
(NTX) MuniFund Term Preferred Shares
|
Karpus Management, Inc., d/b/a Karpus Investment Management 183 Sullys Trail Pittsford, New York 14534 |
787,578 | 11.11% | |||||||
Virginia Dividend Advantage (NGB)
MuniFund Term Preferred Shares |
Karpus Management, Inc., d/b/a Karpus Investment Management 183 Sullys Trail Pittsford, New York 14534 |
444,600 | 19.50% | |||||||
Virginia Dividend Advantage 2 (NNB)
MuniFund Term Preferred Shares |
Karpus Management, Inc., d/b/a Karpus Investment Management 183 Sullys Trail Pittsford, New York 14534 |
506,800 | 13.41% | |||||||
Virginia Premium Income (NPV)
MuniFund Term Preferred Shares |
Karpus Management, Inc., d/b/a Karpus Investment Management 183 Sullys Trail Pittsford, New York 14534 |
296,650 | 10.16% |
* | The information contained in this table is based on Schedule 13G filings made on or after December 1, 2010. | |
(a) | First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation filed their schedule 13G jointly and did not differentiate holdings as to each entity. |
B-4
Compliance, Risk |
||||||||||||||||||||||||||||
Management |
Nominating |
|||||||||||||||||||||||||||
and Regulatory |
and |
|||||||||||||||||||||||||||
Regular |
Special |
Executive |
Dividend |
Oversight |
Audit |
Governance |
||||||||||||||||||||||
Board |
Board |
Committee |
Committee |
Committee |
Committee |
Committee |
||||||||||||||||||||||
Fund | Meeting | Meeting | Meeting | Meeting | Meeting | Meeting | Meeting | |||||||||||||||||||||
Floating Rate Income
|
6 | 4 | 0 | 5 | 4 | 4 | 5 | |||||||||||||||||||||
Floating Rate Income Opportunity
|
6 | 4 | 0 | 5 | 4 | 4 | 5 | |||||||||||||||||||||
Senior Income
|
6 | 4 | 0 | 5 | 4 | 4 | 5 | |||||||||||||||||||||
Tax Advantaged Floating Rate
|
6 | 2 | 0 | 5 | 5 | 4 | 5 | |||||||||||||||||||||
Arizona Dividend Advantage
|
6 | 8 | 1 | 5 | 5 | 4 | 4 | |||||||||||||||||||||
Arizona Dividend Advantage 2
|
6 | 8 | 1 | 5 | 5 | 4 | 4 | |||||||||||||||||||||
Arizona Dividend Advantage 3
|
6 | 8 | 1 | 5 | 5 | 4 | 4 | |||||||||||||||||||||
Arizona Premium Income
|
6 | 8 | 0 | 5 | 5 | 4 | 4 | |||||||||||||||||||||
California Dividend Advantage
|
6 | 8 | 0 | 5 | 5 | 4 | 4 | |||||||||||||||||||||
California Dividend Advantage 2
|
6 | 8 | 0 | 5 | 5 | 4 | 4 | |||||||||||||||||||||
California Dividend Advantage 3
|
6 | 8 | 1 | 5 | 5 | 4 | 4 | |||||||||||||||||||||
California Investment Quality
|
6 | 8 | 0 | 5 | 5 | 4 | 4 | |||||||||||||||||||||
California Market Opportunity
|
6 | 8 | 0 | 5 | 5 | 4 | 4 | |||||||||||||||||||||
California Value
|
6 | 3 | 0 | 5 | 5 | 4 | 4 | |||||||||||||||||||||
California Value 2
|
6 | 3 | 0 | 5 | 5 | 4 | 4 | |||||||||||||||||||||
California Performance Plus
|
6 | 8 | 0 | 5 | 5 | 4 | 4 | |||||||||||||||||||||
California Premium Income
|
6 | 8 | 1 | 5 | 5 | 4 | 4 | |||||||||||||||||||||
California Quality Income
|
6 | 8 | 0 | 5 | 5 | 4 | 4 | |||||||||||||||||||||
California Select Quality
|
6 | 8 | 0 | 5 | 5 | 4 | 4 | |||||||||||||||||||||
Maryland Dividend Advantage
|
6 | 7 | 0 | 4 | 5 | 4 | 6 | |||||||||||||||||||||
Maryland Dividend Advantage 2
|
6 | 7 | 0 | 4 | 5 | 4 | 6 | |||||||||||||||||||||
Maryland Dividend Advantage 3
|
6 | 7 | 1 | 4 | 5 | 4 | 6 | |||||||||||||||||||||
Maryland Premium Income
|
6 | 7 | 1 | 4 | 5 | 4 | 6 | |||||||||||||||||||||
Massachusetts Dividend Advantage
|
6 | 7 | 0 | 4 | 5 | 4 | 6 |
C-1
Compliance, Risk |
||||||||||||||||||||||||||||
Management |
Nominating |
|||||||||||||||||||||||||||
and Regulatory |
and |
|||||||||||||||||||||||||||
Regular |
Special |
Executive |
Dividend |
Oversight |
Audit |
Governance |
||||||||||||||||||||||
Board |
Board |
Committee |
Committee |
Committee |
Committee |
Committee |
||||||||||||||||||||||
Fund | Meeting | Meeting | Meeting | Meeting | Meeting | Meeting | Meeting | |||||||||||||||||||||
Massachusetts Premium Income
|
6 | 7 | 1 | 4 | 5 | 4 | 6 | |||||||||||||||||||||
Michigan Dividend Advantage
|
6 | 8 | 1 | 5 | 5 | 4 | 4 | |||||||||||||||||||||
Michigan Premium Income
|
6 | 8 | 0 | 5 | 5 | 4 | 4 | |||||||||||||||||||||
Michigan Quality Income
|
6 | 8 | 0 | 5 | 5 | 4 | 4 | |||||||||||||||||||||
Missouri Premium Income
|
6 | 7 | 1 | 4 | 5 | 4 | 6 | |||||||||||||||||||||
New Jersey Dividend Advantage
|
6 | 8 | 1 | 4 | 5 | 4 | 5 | |||||||||||||||||||||
New Jersey Dividend Advantage 2
|
6 | 8 | 1 | 4 | 5 | 4 | 5 | |||||||||||||||||||||
New Jersey Investment Quality
|
6 | 8 | 0 | 4 | 5 | 4 | 5 | |||||||||||||||||||||
New Jersey Value
|
6 | 2 | 0 | 4 | 5 | 4 | 5 | |||||||||||||||||||||
New Jersey Premium Income
|
6 | 8 | 0 | 4 | 5 | 4 | 5 | |||||||||||||||||||||
Ohio Dividend Advantage
|
6 | 8 | 2 | 5 | 5 | 4 | 4 | |||||||||||||||||||||
Ohio Dividend Advantage 2
|
6 | 8 | 1 | 5 | 5 | 4 | 4 | |||||||||||||||||||||
Ohio Dividend Advantage 3
|
6 | 8 | 1 | 5 | 5 | 4 | 4 | |||||||||||||||||||||
Ohio Quality Income
|
6 | 8 | 0 | 5 | 5 | 4 | 4 | |||||||||||||||||||||
Pennsylvania Value
|
6 | 2 | 0 | 4 | 5 | 4 | 5 | |||||||||||||||||||||
Pennsylvania Dividend Advantage
|
6 | 8 | 1 | 4 | 5 | 4 | 5 | |||||||||||||||||||||
Pennsylvania Dividend Advantage 2
|
6 | 8 | 1 | 4 | 5 | 4 | 5 | |||||||||||||||||||||
Pennsylvania Investment Quality
|
6 | 8 | 0 | 4 | 5 | 4 | 5 | |||||||||||||||||||||
Pennsylvania Premium Income 2
|
6 | 8 | 0 | 4 | 5 | 4 | 5 | |||||||||||||||||||||
Texas Quality Income
|
6 | 8 | 1 | 5 | 5 | 4 | 4 | |||||||||||||||||||||
Virginia Dividend Advantage
|
6 | 7 | 0 | 4 | 5 | 4 | 6 | |||||||||||||||||||||
Virginia Dividend Advantage 2
|
6 | 7 | 0 | 4 | 5 | 4 | 6 | |||||||||||||||||||||
Virginia Premium Income
|
6 | 7 | 1 | 4 | 5 | 4 | 6 |
C-2
I. | Organization and Membership |
II. | Statement of Policy, Purpose and Processes |
D-1
1. | Reviewing and discussing the annual audited financial statements and semi-annual financial statements with Fund management and the independent auditors including major issues regarding accounting and auditing principles and practices, and the Funds disclosures in its periodic reports under Managements Discussion and Analysis. | |
2. | Requiring the independent auditors to deliver to the Chairman of the Audit Committee a timely report on any issues relating to the significant accounting policies, management judgments and accounting estimates or other matters that would need to be communicated under PCAOB AU 380, Communications with Audit Committees., that arise during the auditors review of the Funds financial statements, which information the Chairman shall further communicate to the other members of the Audit Committee, as deemed necessary or appropriate in the Chairmans judgment. | |
3. | Discussing with management the Funds press releases regarding financial results and dividends, as well as financial information and earnings guidance provided to analysts and rating agencies. This discussion may be done generally, consisting of discussing the types of information to be disclosed and the types of presentations to be made. The Chairman of the Audit Committee shall be authorized to have these discussions with management on behalf of the Audit Committee. | |
4. | Discussing with management and the independent auditors (a) significant financial reporting issues and judgments made in connection with the preparation and |
D-2
presentation of the Funds financial statements, including any significant changes in the Funds selection or application of accounting principles and any major issues as to the adequacy of the Funds internal controls and any special audit steps adopted in light of material control deficiencies; and (b) analyses prepared by Fund management and/or the independent auditor setting forth significant financial reporting issues and judgments made in connection with the preparation of the financial statements, including analyses of the effects of alternative GAAP methods on the financial statements. |
5. | Discussing with management and the independent auditors the effect of regulatory and accounting initiatives on the Funds financial statements. | |
6. | Reviewing and discussing reports, both written and oral, from the independent auditors and/or Fund management regarding (a) all critical accounting policies and practices to be used; (b) all alternative treatments of financial information within generally accepted accounting principles that have been discussed with management, ramifications of the use of such alternative treatments and disclosures, and the treatment preferred by the independent auditors; and (c) other material written communications between the independent auditors and management, such as any management letter or schedule of unadjusted differences. | |
7. | Discussing with Fund management the Funds major financial risk exposures and the steps management has taken to monitor and control these exposures, including the Funds risk assessment and risk management policies and guidelines. In fulfilling its obligations under this paragraph, the Audit Committee may review in a general manner the processes other Board committees have in place with respect to risk assessment and risk management. | |
8. | Reviewing disclosures made to the Audit Committee by the Funds principal executive officer and principal financial officer during their certification process for the Funds periodic reports about any significant deficiencies in the design or operation of internal controls or material weaknesses therein and any fraud involving management or other employees who have a significant role in the Funds internal controls. In fulfilling its obligations under this paragraph, the Audit Committee may review in a general manner the processes other Board committees have in place with respect to deficiencies in internal controls, material weaknesses, or any fraud associated with internal controls. |
1. | Selecting, appointing, retaining or replacing the independent auditors, subject, if applicable, only to Board and shareholder ratification; and compensating, evaluating and overseeing the work of the independent auditor (including the resolution of disagreements between Fund management and the independent auditor regarding financial reporting). | |
2. | Meeting with the independent auditors and Fund management to review the scope, fees, audit plans and staffing for the audit, for the current year. At the conclusion of the audit, reviewing such audit results, including the independent auditors evaluation of the Funds financial and internal controls, any comments or recommendations of the independent auditors, any audit problems or difficulties and |
D-3
managements response, including any restrictions on the scope of the independent auditors activities or on access to requested information, any significant disagreements with management, any accounting adjustments noted or proposed by the auditor but not made by the Fund, any communications between the audit team and the audit firms national office regarding auditing or accounting issues presented by the engagement, any significant changes required from the originally planned audit programs and any adjustments to the financial statements recommended by the auditors. |
3. | Pre-approving all audit services and permitted non-audit services, and the terms thereof, to be performed for the Funds by their independent auditors, subject to the de minimis exceptions for non-audit services described in Section 10a of the Exchange Act that the Audit Committee approves prior to the completion of the audit, in accordance with any policies or procedures relating thereto as adopted by the Board or the Audit Committee. The Chairman of the Audit Committee shall be authorized to give pre-approvals of such non-audit services on behalf of the Audit Committee. | |
4. | Obtaining and reviewing a report or reports from the independent auditors at least annually (including a formal written statement delineating all relationships between the auditors and the Funds consistent with PCAOB Ethics and Independence Rule 3526, as may be amended, restated, modified or replaced) regarding (a) the independent auditors internal quality-control procedures; (b) any material issues raised by the most recent internal quality-control review, or peer review, of the firm, or by any inquiry or investigation by governmental or professional authorities within the preceding five years, respecting one or more independent audits carried out by the firm; (c) any steps taken to deal with any such issues; and (d) all relationships between the independent auditor and the Funds and their affiliates, in order to assist the Audit committee in assessing the auditors independence. After reviewing the foregoing report[s] and the independent auditors work throughout the year, the Audit Committee shall be responsible for evaluating the qualifications, performance and independence of the independent auditor and their compliance with all applicable requirements for independence and peer review, and a review and evaluation of the lead partner, taking into account the opinions of Fund management and the internal auditors, and discussing such reports with the independent auditors. The Audit Committee shall present its conclusions with respect to the independent auditor to the Board. | |
5. | Reviewing any reports from the independent auditors mandated by Section 10a(b) of the Exchange Act regarding any illegal act detected by the independent auditor (whether or not perceived to have a material effect on the Funds financial statements) and obtaining from the independent auditors any information about illegal acts in accordance with Section 10a(b). | |
6. | Ensuring the rotation of the lead (or coordinating) audit partner having primary responsibility for the audit and the audit partner responsible for reviewing the audit as required by law, and further considering the rotation of the independent auditor firm itself. |
D-4
7. | Establishing and recommending to the Board for ratification policies for the Funds, Fund management or the Fund advisers hiring of employees or former employees of the independent auditor who participated in the audits of the Funds. | |
8. | Taking, or recommending that the Board take, appropriate action to oversee the independence of the outside auditor. |
9. | Reviewing the proposed programs of the internal auditor for the coming year. It is not the obligation or responsibility of the Audit Committee to confirm the independence of any Nuveen internal auditors performing services relating to the Funds or to approve any termination or replacement of the Nuveen Manager of Internal Audit. | |
10. | Receiving a summary of findings from any completed internal audits pertaining to the Funds and a progress report on the proposed internal audit plan for the Funds, with explanations for significant deviations from the original plan. |
11. | The Board has responsibilities regarding the pricing of a Funds securities under the 1940 Act. The Board has delegated this responsibility to the Committee to address valuation issues that arise between Board meetings, subject to the Boards general supervision of such actions. The Committee is primarily responsible for the oversight of the Pricing Procedures and actions taken by the internal Valuation Group (Valuation Matters). The Valuation Group will report on Valuation Matters to the Committee and/or the Board of Directors/Trustees, as appropriate. | |
12. | Performing all duties assigned to it under the Funds Pricing Procedures, as such may be amended from time to time. | |
13. | Periodically reviewing and making recommendations regarding modifications to the Pricing Procedures as well as consider recommendations by the Valuation Group regarding the Pricing Procedures. | |
14. | Reviewing any issues relating to the valuation of a Funds securities brought to the Committees attention, including suspensions in pricing, pricing irregularities, price overrides, self-pricing, NAV errors and corrections thereto, and other pricing matters. In this regard, the Committee should consider the risks to the Funds in assessing the possible resolutions of these Valuation Matters. | |
15. | Evaluating, as it deems necessary or appropriate, the performance of any pricing agent and recommend changes thereto to the full Board. | |
16. | Reviewing any reports or comments from examinations by regulatory authorities relating to Valuation Matters of the Funds and consider managements responses to any such comments and, to the extent the Committee deems necessary or appropriate, propose to management and/or the full Board the modification of the Funds policies and procedures relating to such matters. The Committee, if deemed necessary or desirable, may also meet with regulators. |
D-5
17. | Meeting with members of management of the Funds, outside counsel, or others in fulfilling its duties hereunder, including assessing the continued appropriateness and adequacy of the Pricing Procedures, eliciting any recommendations for improvements of such procedures or other Valuation Matters, and assessing the possible resolutions of issues regarding Valuation Matters brought to its attention. | |
18. | Performing any special review, investigations or oversight responsibilities relating to Valuation as requested by the Board of Directors/Trustees. | |
19. | Investigating or initiating an investigation of reports of improprieties or suspected improprieties in connection with the Funds policies and procedures relating to Valuation Matters not otherwise assigned to another Board committee. |
20. | Reviewing with counsel to the Funds, counsel to Nuveen, the Fund advisers counsel and independent counsel to the Board legal matters that may have a material impact on the Funds financial statements or compliance policies. | |
21. | Receiving and reviewing periodic or special reports issued on exposure/controls, irregularities and control failures related to the Funds. | |
22. | Reviewing with the independent auditors, with any internal auditor and with Fund management, the adequacy and effectiveness of the accounting and financial controls of the Funds, and eliciting any recommendations for the improvement of internal control procedures or particular areas where new or more detailed controls or procedures are desirable. Particular emphasis should be given to the adequacy of such internal controls to expose payments, transactions or procedures that might be deemed illegal or otherwise improper. | |
23. | Reviewing the reports of examinations by regulatory authorities as they relate to financial statement matters. | |
24. | Discussing with management and the independent auditor any correspondence with regulators or governmental agencies that raises material issues regarding the Funds financial statements or accounting policies. | |
25. | Obtaining reports from management with respect to the Funds policies and procedures regarding compliance with applicable laws and regulations. | |
26. | Reporting regularly to the Board on the results of the activities of the Audit Committee, including any issues that arise with respect to the quality or integrity of the Funds financial statements, the Funds compliance with legal or regulatory requirements, the performance and independence of the Funds independent auditors, or the performance of the internal audit function. | |
27. | Performing any special reviews, investigations or oversight responsibilities requested by the Board. | |
28. | Reviewing and reassessing annually the adequacy of this charter and recommending to the Board approval of any proposed changes deemed necessary or advisable by the Audit Committee. |
D-6
29. | Undertaking an annual review of the performance of the Audit Committee. | |
30. | Establishing procedures for the receipt, retention and treatment of complaints received by the Funds regarding accounting, internal accounting controls or auditing matters, and the confidential, anonymous submission of concerns regarding questionable accounting or auditing matters by employees of Fund management, the investment adviser, administrator, principal underwriter, or any other provider of accounting related services for the Funds, as well as employees of the Funds. |
D-7
www.nuveen.com | JFR1111 |
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NUVEEN FUNDS THIS PROXY IS SOLICITED BY THE BOARD OF THE FUND FOR AN ANNUAL MEETING OF SHAREHOLDERS, NOVEMBER 15, 2011 |
PROXY |
VOTE
VIA THE INTERNET: www.proxy-direct.com |
||||
VOTE
BY TELEPHONE: 1-800-254-4997 |
||||
NOTE: PLEASE SIGN YOUR NAME EXACTLY AS IT APPEARS ON THIS PROXY. IF SHARES ARE HELD
JOINTLY, EACH HOLDER MUST SIGN THE PROXY. IF YOU ARE SIGNING ON BEHALF OF AN ESTATE, TRUST OR
CORPORATION, PLEASE STATE YOUR TITLE OR CAPACITY. |
||||
Signature | ||||
Signature | ||||
___2011 | ||||
Date | NUV_22904_Com_100611 |
FUNDS
|
FUNDS | FUNDS | ||
Nuveen Floating Rate Income Fund
|
Nuveen Floating Rate Income Opportunity Fund | Nuveen Senior Income Fund | ||
Nuveen Tax-Advantaged Floating Rate Fund
|
Nuveen AZ Dividend Advantage Municipal Fund | Nuveen AZ Dividend Advantage Municipal Fund 2 | ||
Nuveen AZ Dividend Advantage Municipal Fund 3
|
Nuveen AZ Premium Income Municipal Fund, Inc. | Nuveen CA Dividend Advantage Municipal Fund | ||
Nuveen CA Dividend Advantage Municipal Fund 2
|
Nuveen CA Dividend Advantage Municipal Fund 3 | Nuveen CA Investment Quality Municipal Fund, Inc. | ||
Nuveen CA Municipal Market Opportunity Fund, Inc.
|
Nuveen CA Municipal Value Fund, Inc. | Nuveen CA Municipal Value Fund 2 | ||
Nuveen CA Performance Plus Municipal Fund, Inc.
|
Nuveen CA Premium Income Municipal Fund | Nuveen CA Quality Income Municipal Fund, Inc. |
1a. | Election of Board Members: To withhold authority to vote for any individual nominee(s) mark the For All Except and write the nominee number(s) on the line provided. | |||||||
01. John P. Amboian | 02. Robert P. Bremner | 03. Jack B. Evans | 04. David J. Kundert | |||||
05. Judith M. Stockdale | 06. Carole E. Stone | 07. Virginia L. Stringer | 08. Terence J. Toth |
FOR | WITHHOLD | FOR ALL | FOR | WITHHOLD | FOR ALL | |||||||||
ALL | ALL | EXCEPT | ALL | ALL | EXCEPT | |||||||||
Nuveen AZ Premium Income Municipal Fund, Inc.
|
o | o | o | Nuveen CA Investment Quality Municipal Fund, Inc. | o | o | o | |||||||
Nuveen CA Municipal Market Opportunity Fund, Inc.
|
o | o | o | Nuveen CA Performance Plus Municipal Fund, Inc. | o | o | o | |||||||
Nuveen CA Quality Income Municipal Fund, Inc.
|
o | o | o |
1b. | Election of Board Members Class II: To withhold authority to vote for any individual nominee(s) mark the For All Except and write the nominee number(s) on the line provided. | |||||||
01. John P. Amboian | 02. David J. Kundert | 03. Terence J. Toth |
FOR | WITHHOLD | FOR ALL | ||||||||||||
ALL | ALL | EXCEPT | ||||||||||||
Nuveen CA Municipal Value Fund, Inc.
|
o | o | o |
1c. | Election of Board Members Class II: To withhold authority to vote for any individual nominee(s) mark the For All Except and write the nominee number(s) on the line provided. | |||||||
01. John P. Amboian | 02. David J. Kundert | 03. Terence J. Toth |
FOR | WITHHOLD | FOR ALL | FOR | WITHHOLD | FOR ALL | |||||||||
ALL | ALL | EXCEPT | ALL | ALL | EXCEPT | |||||||||
Nuveen AZ Dividend Advantage Municipal Fund
|
o | o | o | Nuveen AZ Dividend Advantage Municipal Fund 2 | o | o | o | |||||||
Nuveen AZ Dividend Advantage Municipal Fund 3
|
o | o | o | Nuveen CA Dividend Advantage Municipal Fund | o | o | o | |||||||
Nuveen CA Dividend Advantage Municipal Fund 2
|
o | o | o | Nuveen CA Dividend Advantage Municipal Fund 3 | o | o | o | |||||||
Nuveen CA Premium Income Municipal Fund
|
o | o | o |
1d. | Election of Board Members Class II: To withhold authority to vote for any individual nominee(s) mark the For All Except and write the nominee number(s) on the line provided. | |||||||
01. John P. Amboian | 02. David J. Kundert | 03. Terence J. Toth |
FOR | WITHHOLD | FOR ALL | FOR | WITHHOLD | FOR ALL | |||||||||
ALL | ALL | EXCEPT | ALL | ALL | EXCEPT | |||||||||
Nuveen Floating Rate Income Fund
|
o | o | o | Nuveen Floating Rate Income Opportunity Fund | o | o | o | |||||||
Nuveen Senior Income Fund
|
o | o | o | Nuveen Tax-Advantaged Floating Rate Fund | o | o | o | |||||||
Nuveen CA Municipal Value Fund 2
|
o | o | o |
2a. | To approve the elimination of the Funds fundamental investment policy relating to the Funds ability to make loans. |
FOR | AGAINST | ABSTAIN | FOR | AGAINST | ABSTAIN | |||||||||
Nuveen AZ Dividend Advantage Municipal Fund
|
o | o | o | Nuveen AZ Dividend Advantage Municipal Fund 2 | o | o | o | |||||||
Nuveen AZ Dividend Advantage Municipal Fund 3
|
o | o | o | Nuveen AZ Premium Income Municipal Fund, Inc. | o | o | o | |||||||
Nuveen CA Dividend Advantage Municipal Fund
|
o | o | o | Nuveen CA Dividend Advantage Municipal Fund 2 | o | o | o | |||||||
Nuveen CA Dividend Advantage Municipal Fund 3
|
o | o | o | Nuveen CA Investment Quality Municipal Fund, Inc. | o | o | o | |||||||
Nuveen CA Municipal Market Opportunity Fund, Inc.
|
o | o | o | Nuveen CA Municipal Value Fund, Inc. | o | o | o | |||||||
Nuveen CA Performance Plus Municipal Fund, Inc.
|
o | o | o | Nuveen CA Premium Income Municipal Fund | o | o | o | |||||||
Nuveen CA Quality Income Municipal Fund, Inc.
|
o | o | o |
2b. | To approve a new fundamental investment policy relating to the Funds ability to make loans. |
FOR | AGAINST | ABSTAIN | FOR | AGAINST | ABSTAIN | |||||||||
Nuveen AZ Dividend Advantage Municipal Fund
|
o | o | o | Nuveen AZ Dividend Advantage Municipal Fund 2 | o | o | o | |||||||
Nuveen AZ Dividend Advantage Municipal Fund 3
|
o | o | o | Nuveen AZ Premium Income Municipal Fund, Inc. | o | o | o | |||||||
Nuveen CA Dividend Advantage Municipal Fund
|
o | o | o | Nuveen CA Dividend Advantage Municipal Fund 2 | o | o | o | |||||||
Nuveen CA Dividend Advantage Municipal Fund 3
|
o | o | o | Nuveen CA Investment Quality Municipal Fund, Inc. | o | o | o | |||||||
Nuveen CA Municipal Market Opportunity Fund, Inc.
|
o | o | o | Nuveen CA Municipal Value Fund, Inc. | o | o | o | |||||||
Nuveen CA Performance Plus Municipal Fund, Inc.
|
o | o | o | Nuveen CA Premium Income Municipal Fund | o | o | o | |||||||
Nuveen CA Quality Income Municipal Fund, Inc.
|
o | o | o |
3a. | To approve the elimination of the Funds fundamental policy relating to investments in municipal securities and below investment grade securities. |
FOR | AGAINST | ABSTAIN | FOR | AGAINST | ABSTAIN | |||||||||
Nuveen CA Investment Quality Municipal Fund, Inc.
|
o | o | o | Nuveen CA Performance Plus Municipal Fund, Inc. | o | o | o |
3b. | To approve a new fundamental policy relating to investments in municipal securities. |
FOR | AGAINST | ABSTAIN | FOR | AGAINST | ABSTAIN | |||||||||
Nuveen CA Investment Quality Municipal Fund, Inc.
|
o | o | o | Nuveen CA Performance Plus Municipal Fund, Inc. | o | o | o |
3c. | To approve the elimination of the Funds fundamental policy relating to commodities. |
FOR | AGAINST | ABSTAIN | FOR | AGAINST | ABSTAIN | |||||||||
Nuveen CA Investment Quality Municipal Fund, Inc.
|
o | o | o | Nuveen CA Performance Plus Municipal Fund, Inc. | o | o | o |
3d. | To approve a new fundamental policy relating to commodities. |
FOR | AGAINST | ABSTAIN | FOR | AGAINST | ABSTAIN | |||||||||
Nuveen CA Investment Quality Municipal Fund, Inc.
|
o | o | o | Nuveen CA Performance Plus Municipal Fund, Inc. | o | o | o |
3e. | To approve the elimination of the Funds fundamental policies relating to derivatives and short sales. |
FOR | AGAINST | ABSTAIN | FOR | AGAINST | ABSTAIN | |||||||||
Nuveen CA Investment Quality Municipal Fund, Inc.
|
o | o | o | Nuveen CA Performance Plus Municipal Fund, Inc. | o | o | o |
3f. | To approve the elimination of the Funds fundamental policy prohibiting investment in other investment companies. |
FOR | AGAINST | ABSTAIN | FOR | AGAINST | ABSTAIN | |||||||||
Nuveen CA Investment Quality Municipal Fund, Inc.
|
o | o | o | Nuveen CA Performance Plus Municipal Fund, Inc. | o | o | o |
4. | To transact such other business as may properly come before the Annual Meeting. |
Your Proxy Vote is important! | ||
And now you can Vote your Proxy on the PHONE or the INTERNET. | ||
It saves Money! Telephone and Internet voting saves postage costs. Savings which can help minimize fund expenses. | ||
It saves Time! Telephone and Internet voting is instantaneous 24 hours a day. | ||
Its Easy! Just follow these simple steps: | ||
1. Read your Joint Proxy Statement and have it at hand. | ||
2. Call toll-free 1-800-254-4997 or go to website: www.proxy-direct.com | ||
3. Follow the recorded or on-screen directions. | ||
4. Do not mail your Proxy Card when you vote by phone or Internet. |
![]() |
NUVEEN CALIFORNIA
DIVIDEND ADVANTAGE MUNICIPAL FUND THIS PROXY IS SOLICITED BY THE BOARD OF THE FUND FOR AN ANNUAL MEETING OF SHAREHOLDERS, NOVEMBER 15, 2011 |
PROXY |
VOTE
VIA THE INTERNET: www.proxy-direct.com |
||||
VOTE
VIA THE TELEPHONE: 1-800-254-4997 |
||||
Note: PLEASE SIGN YOUR NAME EXACTLY AS IT APPEARS ON THIS PROXY. IF SHARES ARE HELD JOINTLY,
EACH HOLDER MUST SIGN THE PROXY. IF YOU ARE SIGNING ON BEHALF OF AN ESTATE, TRUST OR CORPORATION,
PLEASE STATE YOUR TITLE OR CAPACITY. |
||||
Signature | ||||
Signature | ||||
___2011 | ||||
Date | NAC_22904_PreC_100611 |
FOR | WITHHOLD | FOR ALL | ||||||||
1c.
|
Election of Board Members: | ALL | ALL | EXCEPT | ||||||
Class II: | Preferred Shares Only: | o | o | o | ||||||
01. John P. Amboian | 04. William C. Hunter | |||||||||
02. David J. Kundert | 05. William J. Schneider | |||||||||
03. Terence J. Toth | ||||||||||
INSTRUCTIONS: To withhold authority to vote for any individual nominee(s), mark the box FOR ALL EXCEPT and write the nominees number on the line provided below. | ||||||||||
FOR | AGAINST | ABSTAIN | ||||||||
2a.
|
To approve the elimination of the Funds fundamental investment policy relating to the Funds ability to make loans. | o | o | o | ||||||
2b.
|
To approve a new fundamental investment policy relating to the Funds ability to make loans. | o | o | o | ||||||
4.
|
To transact such other business as may properly come before the Annual Meeting. |
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![]() |
![]() |
|
MARK A. DIOMEDE |
||
312-609-7727 |
||
mdiomede@vedderprice.com
|