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Security Profile
- Security Type
- Closed-End Fund
- CUSIP
- 67069Y102
- Market Cap
- Micro Cap
- IPO
- 3/28/2001 · $15.00/share
Fund Description: Nuveen New Jersey Dividend Advantage Municipal Fund is an exchange-traded closed-end fund (CEF) or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Nuveen New Jersey Dividend Advantage Municipal Fund seeks to provide current income exempt from regular federal and New Jersey income tax and to enhance portfolio value. FUND STRATEGY: The Fund invests in municipal securities that are exempt from federal and New Jersey state income taxes. The Fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade (Baa/BBB or better by S&P, Moody’s, or Fitch) or, if they are unrated, are judged by the manager to be of comparable quality. The Fund may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality. The Fund uses leverage. FUND MANAGEMENT: Nuveen Fund Advisors, Inc. serves as the investment adviser to the Fund. Nuveen Asset Management, LLC serves as the sub-adviser to the Fund.
Notes: Effective November 10, 2014 the assets of the Nuveen New Jersey Investment Quality Municipal Fund, Inc. (NQJ), the Nuveen New Jersey Premium Income Municipal Fund, Inc. (NNJ), the Nuveen New Jersey Dividend Advantage Municipal Fund 2 (NUJ) were merged into the assets of the Nuveen New Jersey Dividend Advantage Municipal Fund (NXJ).________________ November 10, 2014 -- Nuveen Investments, today announced that the reorganization of four Nuveen New Jersey closed-end funds was completed prior to the opening of the New York Stock Exchange on November 10, 2014. NXJ acquired substantially all of the assets and liabilities of the acquired funds NQJ, NNJ and NUJ. The exchange ratios at which common shares of each acquired fund were exchanged for common shares of the acquiring funds. Nuveen New Jersey Investment Quality Municipal Fund, Inc. (NQJ) 0.98422389, Nuveen New Jersey Premium Income Municipal Fund, Inc. (NNJ) 1.00159044 & Nuveen New Jersey Dividend Advantage Municipal Fund 2 (NUJ) 0.98199215. Additionally, preferred shareholders of each acquired fund received an equivalent number of newly issued preferred shares from the acquiring fund, with substantially the same terms as their previous preferred shares.
Company Contact
- Headquarters
- 333 West Wacker Drive, Chicago, IL 60606
- Phone
- 312-917-7700 · Toll-Free 800-257-8787
- Investor Relations
- Kristyna Munoz · 312-917-8343 · Kristyna.Munoz@nuveen.com