Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced the monthly distributions for two closed-end funds following the completion of the funds' respective portfolio repositioning. The Nuveen Preferred Income Opportunities Fund (NYSE: JPC) and the Nuveen Credit Strategies Income Fund (NYSE: JQC), which had previously paid distributions on a quarterly schedule, have declared monthly distributions in the amounts of $.0633 per share and $.0667 per share respectively. On an annualized basis, these amounts represent no change from the previous dividend. As of March 30, 2012, the annualized distribution rates were 8.55% and 8.91% on prices of $8.88 and $8.98, respectively.

The following dates apply to today's distribution declaration:

Record Date

   April 15, 2012 (Effective Record Date, April 13, 2012)
Ex-Dividend Date April 11, 2012
Payable Date May 1, 2012
Reinvest Date May 1, 2012

 

    Monthly Taxable Distribution Per Share
 

Ticker

Fund Name

Amount   Annualized Change
JPC Nuveen Preferred Income Opportunities Fund .0633 -
JQC Nuveen Credit Strategies Income Fund .0667 -
 

Subsequent monthly distribution announcements for these funds will be made along with all of the Nuveen funds. As announced today in a separate press release, these funds have both recently completed portfolio repositionings to increase the attractiveness of the funds' common shares and narrow the funds' trading discount.

Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutional and individual investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliates--Nuveen Asset Management, Symphony Asset Management, NWQ Investment Management Company, Santa Barbara Asset Management, Tradewinds Global Investors, Winslow Capital Management, and Gresham Investment Management. In total, Nuveen Investments managed approximately $230 billion as of January 31, 2012. For more information, please visit the Nuveen Investments website at www.nuveen.com.

Nuveen Investments
Media Contact:
Kristyna Munoz
(312) 917-8343
KRISTYNA.MUNOZ@NUVEEN.COM