The fund's investment objective is high current income and capital appreciation.
Potential for enhanced portfolio returns and reduced portfolio risk through the use of commercial real estate investments.
- High current income potential
- Opportunity for capital growth
- Portfolio management by one of the leading names in real estate investing
The fund invests primarily in income-producing common stocks, preferred stocks, convertible preferred stocks and debt securities issued by real estate companies (REITs). At least 75% of the fund’s managed assets will be in securities rated investment grade (Baa/BBB or better by S&P, Moody's, or Fitch). The fund uses leverage.
|Closing Share Price (As of 5/3/2016)||$10.94
|Closing NAV per Share (As of 5/3/2016)||$11.99
|Premium / Discount**||-8.76%
|Current Distribution Rate (Market price)††||8.78%
|Distribution Amount (Quarterly)††||$0.2400
|Distribution Type ||Managed Distribution
Potential distribution sources include net investment income, realized gains and return of capital. If a distribution includes anything other than net investment income, the fund provides a notice of the best estimate of its distribution sources at that time which may be viewed at www.nuveen.com/CEFdistributions. These estimates may not match the final tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV forms after the end of the year. Under its Managed Distribution policy, the fund seeks to maintain an attractive and stable regular distribution amount that, over the long term, matches the fund’s total distributions paid to its total return. You should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate.
Distribution rates represent the latest declared regular distribution, annualized, relative to the most recent market price and NAV. Special distributions, including special capital gains distributions, are not included in the calculation.