Nuveen To Be Taken Private: CEF Streamlining To Follow?

Nuveen (JNC), one of the municipal CEF issuers I have discussed recently, has announced that it will be taken private under a $6.3B cash offer. Though the purpose of the deal is supposedly to allow for more products to be brought to the market more quickly, I would not rule out some streamlining in their oversaturated and competitive offerings.

The following is the total list of the CEFs that I am aware that Nuveen provides:

* Nuveen Arizona Dividend Advantage Municipal Fund,NFZ
* Nuveen Arizona Dividend Advantage Municipal Fund 2,NKR
* Nuveen Arizona Dividend Advantage Municipal Fund 3,NXE
* Nuveen Arizona Premium Income Municipal Fund,NAZ
* Nuveen California Dividend Advantage Municipal Fund,NAC
* Nuveen California Dividend Advantage Municipal Fund 2,NVX
* Nuveen California Dividend Advantage Municipal Fund 3,NZH
* Nuveen California Investment Quality Municipal Fund,NQC
* Nuveen California Municipal Market Opportunity Fund,NCO
* Nuveen California Municipal Value Fund,NCA
* Nuveen California Performance Plus Municipal Fund,NCP
* Nuveen California Premium Income Municipal Fund,NCU
* Nuveen California Quality Income Municipal Fund,NUC
* Nuveen California Select Quality Municipal Fund,NVC
* Nuveen California Select Tax-Free Income Portfolio,NXC
* Nuveen Connecticut Dividend Advantage Municipal Fund,NFC
* Nuveen Connecticut Dividend Advantage Municipal Fund 2,NGK
* Nuveen Connecticut Dividend Advantage Municipal Fund 3,NGO
* Nuveen Connecticut Premium Income Municipal Fund,NTC
* Nuveen Diversified Dividend & Income Fund,JDD
* Nuveen Dividend Advantage Municipal Fund,NAD
* Nuveen Dividend Advantage Municipal Fund 2,NXZ
* Nuveen Dividend Advantage Municipal Fund 3,NZF
* Nuveen Equity Premium & Growth Fund,JPG
* Nuveen Equity Premium Advantage Fund,JLA
* Nuveen Equity Premium Income Fund,JPZ
* Nuveen Equity Premium Opportunity Fund,JSN
* Nuveen Floating Rate Income Fund,JFR
* Nuveen Floating Rate Income Opportunity Fund,JRO
* Nuveen Florida Investment Quality Municipal Fund,NQF
* Nuveen Florida Quality Income Municipal Fund,NUF
* Nuveen Georgia Dividend Advantage Municipal Fund,NZX
* Nuveen Georgia Dividend Advantage Municipal Fund 2,NKG
* Nuveen Georgia Premium Income Municipal Fund,NPG
* Nuveen Global Government Enhanced Income Fund,JGG
* Nuveen Global Value Opportunities Fund,JGV
* Nuveen Insured California Dividend Advantage Municipal Fund,NKL
* Nuveen Insured California Premium Income Municipal Fund,NPC
* Nuveen Insured California Premium Income Municipal Fund 2,NCL
* Nuveen Insured California Tax-Free Advantage Municipal Fund,NKX
* Nuveen Insured Dividend Advantage Municipal Fund,NVG
* Nuveen Insured Florida Premium Income Municipal Fund,NFL
* Nuveen Insured Florida Tax-Free Advantage Municipal Fund,NWF
* Nuveen Insured Massachusetts Tax-Free Advantage Municipal Fund,NGX
* Nuveen Insured Municipal Opportunity Fund,NIO
* Nuveen Insured New York Dividend Advantage Municipal Fund,NKO
* Nuveen Insured New York Premium Income Municipal Fund,NNF
* Nuveen Insured New York Tax-Free Advantage Municipal Fund,NRK
* Nuveen Insured Premium Income Municipal Fund 2,NPX
* Nuveen Insured Quality Municipal Fund,NQI
* Nuveen Insured Tax-Free Advantage Municipal Fund,NEA
* Nuveen Investment Quality Municipal Fund,NQM
* Nuveen Maryland Dividend Advantage Municipal Fund,NFM
* Nuveen Maryland Dividend Advantage Municipal Fund 2,NZR
* Nuveen Maryland Dividend Advantage Municipal Fund 3,NWI
* Nuveen Maryland Premium Income Municipal Fund,NMY
* Nuveen Massachusetts Dividend Advantage Municipal Fund,NMB
* Nuveen Massachusetts Premium Income Municipal Fund,NMT
* Nuveen Michigan Dividend Advantage Municipal Fund,NZW
* Nuveen Michigan Premium Income Municipal Fund,NMP
* Nuveen Michigan Quality Income Municipal Fund,NUM
* Nuveen Missouri Premium Income Municipal Fund,NOM
* Nuveen Municipal Advantage Fund,NMA
* Nuveen Municipal High Income Opportunity Fund,NMZ
* Nuveen Municipal Income Fund,NMI
* Nuveen Municipal Market Opportunity Fund,NMO
* Nuveen Municipal Value Fund,NUV
* Nuveen New Jersey Dividend Advantage Municipal Fund,NXJ
* Nuveen New Jersey Dividend Advantage Municipal Fund 2,NUJ
* Nuveen New Jersey Investment Quality Municipal Fund,NQJ
* Nuveen New Jersey Premium Income Municipal Fund,NNJ
* Nuveen New York Dividend Advantage Municipal Fund,NAN
* Nuveen New York Dividend Advantage Municipal Fund 2,NXK
* Nuveen New York Investment Quality Municipal Fund,NQN
* Nuveen New York Municipal Value Fund,NNY
* Nuveen New York Performance Plus Municipal Fund,NNP
* Nuveen New York Quality Income Municipal Fund,NUN
* Nuveen New York Select Quality Municipal Fund,NVN
* Nuveen New York Select Tax-Free Income Portfolio,NXN
* Nuveen North Carolina Dividend Advantage Municipal Fund,NRB
* Nuveen North Carolina Dividend Advantage Municipal Fund 2,NNO
* Nuveen North Carolina Dividend Advantage Municipal Fund 3,NII
* Nuveen North Carolina Premium Income Municipal Fund,NNC
* Nuveen Ohio Dividend Advantage Municipal Fund,NXI
* Nuveen Ohio Dividend Advantage Municipal Fund 2,NBJ
* Nuveen Ohio Dividend Advantage Municipal Fund 3,NVJ
* Nuveen Ohio Quality Income Municipal Fund,NUO
* Nuveen Pennsylvania Dividend Advantage Municipal Fund,NXM
* Nuveen Pennsylvania Dividend Advantage Municipal Fund 2,NVY
* Nuveen Pennsylvania Investment Quality Municipal Fund,NQP
* Nuveen Pennsylvania Premium Income Municipal Fund 2,NPY
* Nuveen Performance Plus Municipal Fund,NPP
* Nuveen Preferred and Convertible Income Fund,JPC
* Nuveen Preferred and Convertible Income Fund 2,JQC
* Nuveen Premier Insured Municipal Income Fund,NIF
* Nuveen Premier Municipal Income Fund,NPF
* Nuveen Premium Income Municipal Fund,NPI
* Nuveen Premium Income Municipal Fund 2,NPM
* Nuveen Premium Income Municipal Fund 4,NPT
* Nuveen Quality Income Municipal Fund,NQU
* Nuveen Quality Preferred Income Fund,JTP
* Nuveen Quality Preferred Income Fund 2,JPS
* Nuveen Quality Preferred Income Fund 3,JHP
* Nuveen Real Estate Income Fund,JRS
* Nuveen Select Maturities Municipal Fund,NIM
* Nuveen Select Quality Municipal Fund,NQS
* Nuveen Select Tax-Free Income Portfolio,NXP
* Nuveen Select Tax-Free Income Portfolio 2,NXQ
* Nuveen Select Tax-Free Income Portfolio 3,NXR
* Nuveen Senior Income Fund,NSL
* Nuveen Tax-Advantaged Floating Rate Fund,JFP
* Nuveen Tax-Advantaged Total Return Strategy Fund,JTA
* Nuveen Texas Quality Income Municipal Fund,NTX
* Nuveen Virginia Dividend Advantage Municipal Fund,NGB
* Nuveen Virginia Dividend Advantage Municipal Fund 2,NNB
* Nuveen Virginia Premium Income Municipal Fund,NPV

Comments

[mavericks:]

Nuveen is the Yahoo!! of closed-end funds. Spread like peanut butter with too many funds that underperform. They SHOULD consolidate their funds. Until then, I wouldn't touch them.

2007 Jun 21 10:16 AM

[Sol Rosenberg:]

Their etfconnect.com site is handy. Hope it doesn't go as part of the streamlining.

2007 Jun 22 07:20 PM

[marionm112:]

Look at CEFA for a web site that does most of what ETFconnect does.

2007 Jul 30 01:01 PM