Tier Technologies, Inc. (Nasdaq: TIER), a leading provider of
electronic payment solutions for the biller direct market, today
announced that it has completed its name change to Official
Payments Holdings, Inc. The name change was previously approved by
shareholders. Effective Wednesday, January 4, 2012, Official
Payments Holdings, Inc., will trade under the new Nasdaq ticker
symbol OPAY. Official Payments Corporation remains a wholly owned
subsidiary of Official Payments Holdings, Inc. Adopting our new
name completes the transition to a company that is singularly
focused on providing enhanced payment solutions, said Alex P. Hart,
President and CEO. Most of our clients and customers have known us
by our Official Payments brand for years. This new corporate name
both simplifies and strengthens our branding and builds on our
established market leadership. About Official Payments Holdings
Official Payments Holdings, Inc. (Nasdaq: OPAY) is a leading
provider of electronic payment solutions in the biller direct
market. Headquartered in Norcross, Georgia, the company provides
enhanced electronic payment services that include multiple payment
choices, payment channels, and bill payment products and services
to over 4,600 clients in all 50 states and the District of
Columbia. Official Payments serves clients in multiple markets
including federal, state, and local governments, educational
institutions, and utilities. Consumers may pay federal taxes, state
and local taxes, property taxes, and other bills such as utilities
and college tuition with credit cards, debit cards, electronic
checks and alternative payment methods via online, telephone, point
of sale and other channels by visiting www.OfficialPayments.com.
Corporate information is available at
www.OPAY.OfficialPayments.com.
Wednesday, January 4, 2012
A.M. Best Places Ratings of Optima Insurance Company Under Review with Positive Implications
A.M. Best Co. has placed under review with positive
implications the financial strength rating of B++ (Good) and issuer
credit rating of bbb of Optima Insurance Company (Optima) (San
Juan, PR), following the recent announcement that a subsidiary of
QBE Insurance Group Limited (QBE) (Sydney, Australia) has agreed to
acquire Optima Insurance Group, Inc., the parent company of Optima.
The under review with positive implications status reflects
confirmation of an executed stock purchase agreement between the
parties, and that 100% of the stock of Puerto Rico-based Optima
Insurance Group, Inc. and its wholly owned subsidiary, Optima, will
be acquired by QBE through QBE Latin America Insurance Holdings,
S.L. QBE also acquired an affiliated agency, Colonial Insurance
Agency, through which Optima derives approximately 85% of its
written premium. Additionally, QBE purchased New Century Finance
Corp, a premium finance agency. Neither of these entities is owned
by Optima Insurance Group, Inc., however; they are owned by common
stockholders of Optima. While the agreement remains subject to
regulatory approval, both parties anticipate the transaction to
close during the first quarter of 2012. The ratings will remain
under review with positive implications pending regulatory
approval, the completion of a planned intercompany quota share
agreement provided by the QBE organization and additional
discussions with the new ownership to determine Optimas strategic
fit within QBE, a much larger, more diversified organization. The
principal methodology used in determining these ratings is Bests
Credit Rating Methodology -- Global Life and Non-Life Insurance
Edition, which provides a comprehensive explanation of A.M. Bests
rating process and highlights the different rating criteria
employed. Additional key criteria utilized include: Risk Management
and the Rating Process for Insurance Companies; Understanding BCAR
for Property/Casualty Insurers; A.M. Bests Ratings The Treatment of
Debt; Equity Credit for Hybrid Securities; and Natural Catastrophe
Stress Test Methodology. Methodologies can be found at
www.ambest.com/ratings/methodology. Founded in 1899, A.M. Best
Company is the worlds oldest and most authoritative insurance
rating and information source. For more information, visit
www.ambest.com. Copyright 2012 by A.M. Best Company, Inc. ALL
RIGHTS RESERVED.
implications the financial strength rating of B++ (Good) and issuer
credit rating of bbb of Optima Insurance Company (Optima) (San
Juan, PR), following the recent announcement that a subsidiary of
QBE Insurance Group Limited (QBE) (Sydney, Australia) has agreed to
acquire Optima Insurance Group, Inc., the parent company of Optima.
The under review with positive implications status reflects
confirmation of an executed stock purchase agreement between the
parties, and that 100% of the stock of Puerto Rico-based Optima
Insurance Group, Inc. and its wholly owned subsidiary, Optima, will
be acquired by QBE through QBE Latin America Insurance Holdings,
S.L. QBE also acquired an affiliated agency, Colonial Insurance
Agency, through which Optima derives approximately 85% of its
written premium. Additionally, QBE purchased New Century Finance
Corp, a premium finance agency. Neither of these entities is owned
by Optima Insurance Group, Inc., however; they are owned by common
stockholders of Optima. While the agreement remains subject to
regulatory approval, both parties anticipate the transaction to
close during the first quarter of 2012. The ratings will remain
under review with positive implications pending regulatory
approval, the completion of a planned intercompany quota share
agreement provided by the QBE organization and additional
discussions with the new ownership to determine Optimas strategic
fit within QBE, a much larger, more diversified organization. The
principal methodology used in determining these ratings is Bests
Credit Rating Methodology -- Global Life and Non-Life Insurance
Edition, which provides a comprehensive explanation of A.M. Bests
rating process and highlights the different rating criteria
employed. Additional key criteria utilized include: Risk Management
and the Rating Process for Insurance Companies; Understanding BCAR
for Property/Casualty Insurers; A.M. Bests Ratings The Treatment of
Debt; Equity Credit for Hybrid Securities; and Natural Catastrophe
Stress Test Methodology. Methodologies can be found at
www.ambest.com/ratings/methodology. Founded in 1899, A.M. Best
Company is the worlds oldest and most authoritative insurance
rating and information source. For more information, visit
www.ambest.com. Copyright 2012 by A.M. Best Company, Inc. ALL
RIGHTS RESERVED.
Ventas Announces Sale of 21,070,658 Shares of Common Stock by Selling Stockholders
Ventas, Inc. (NYSE: VTR) (Ventas or the Company) announced
today that private investment funds managed by Lazard Real Estate
Partners LLC and its affiliates have agreed to sell 21,070,658
shares of the Companys common stock to Citigroup, as underwriter,
in an underwritten public offering of those shares. All net
proceeds from the sale of the common stock will be received by the
selling stockholders. The Company will not receive any of the
proceeds. The shares of common stock are being sold by the selling
stockholders pursuant to an effective shelf registration statement
filed with the Securities and Exchange Commission. A copy of the
prospectus supplement and accompanying prospectus describing the
terms of the offering will be filed with the Securities and
Exchange Commission and may be obtained, when available, from
Citigroup, Brooklyn Army Terminal, 140 58th Street, 8th Floor,
Brooklyn, NY 11220 (Tel: 800-831-9146). This press release shall
not constitute an offer to sell or a solicitation of an offer to
buy the shares of common stock or any other securities, nor shall
there be any sale of the shares of common stock or any other
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. Ventas, Inc., an SP 500 company, is a leading
healthcare real estate investment trust. Its diverse portfolio of
more than 1,300 assets in 47 states (including the District of
Columbia) and two Canadian provinces consists of seniors housing
communities, skilled nursing facilities, hospitals, medical office
buildings and other properties. Through its Lillibridge subsidiary,
Ventas provides management, leasing, marketing, facility
development and advisory services to highly rated hospitals and
health systems throughout the United States. This press release
includes forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. All statements
regarding the Companys or its tenants, operators, managers or
borrowers expected future financial position, results of
operations, cash flows, funds from operations, dividends and
dividend plans, financing plans, business strategy, budgets,
projected costs, operating metrics, capital expenditures,
competitive positions, acquisitions, investment opportunities,
dispositions, merger integration, growth opportunities, expected
lease income, continued qualification as a real estate investment
trust (REIT), plans and objectives of management for future
operations and statements that include words such as anticipate,
if, believe, plan, estimate, expect, intend, may, could, should,
will and other similar expressions are forward-looking statements.
Such forward-looking statements are inherently uncertain, and
security holders must recognize that actual results may differ from
the Companys expectations. The Company does not undertake a duty to
update such forward-looking statements, which speak only as of the
date on which they are made. The Companys actual future results and
trends may differ materially depending on a variety of factors
discussed in the Companys filings with the Securities and Exchange
Commission. These factors include without limitation: (a) the
ability and willingness of the Companys tenants, operators,
borrowers, managers and other third parties to meet and/or perform
their obligations under their respective contractual arrangements
with the Company, including, in some cases, their obligations to
indemnify, defend and hold harmless the Company from and against
various claims, litigation and liabilities; (b) the ability of the
Companys tenants, operators, borrowers and managers to maintain the
financial strength and liquidity necessary to satisfy their
respective obligations and liabilities to third parties, including
without limitation obligations under their existing credit
facilities and other indebtedness; (c) the Companys success in
implementing its business strategy and the Companys ability to
identify, underwrite, finance, consummate and integrate
diversifying acquisitions or investments, including the Nationwide
Health Properties transaction and those in different asset types
and outside the United States; (d) macroeconomic conditions such as
a disruption of or lack of access to the capital markets, changes
in the debt rating on U.S. government securities, default and/or
delay in payment by the United States of its obligations, and
changes in the federal budget resulting in the reduction or
nonpayment of Medicare or Medicaid reimbursement rates; (e) the
nature and extent of future competition; (f) the extent of future
or pending healthcare reform and regulation, including cost
containment measures and changes in reimbursement policies,
procedures and rates; (g) increases in the Companys cost of
borrowing as a result of changes in interest rates and other
factors; (h) the ability of the Companys operators and managers, as
applicable, to deliver high quality services, to attract and retain
qualified personnel and to attract residents and patients; (i)
changes in general economic conditions and/or economic conditions
in the markets in which the Company may, from time to time,
compete, and the effect of those changes on the Companys revenues
and its ability to access the capital markets or other sources of
funds; (j) the Companys ability to pay down, refinance, restructure
and/or extend its indebtedness as it becomes due; (k) the Companys
ability and willingness to maintain its qualification as a REIT due
to economic, market, legal, tax or other considerations; (l) final
determination of the Companys taxable net income for the year ended
December 31, 2011; (m) the ability and willingness of the Companys
tenants to renew their leases with the Company upon expiration of
the leases and the Companys ability to reposition its properties on
the same or better terms in the event such leases expire and are
not renewed by the Companys tenants or in the event the Company
exercises its right to replace an existing tenant upon default; (n)
risks associated with the Companys senior living operating
portfolio, such as factors causing volatility in the Companys
operating income and earnings generated by its properties,
including without limitation national and regional economic
conditions, costs of materials, energy, labor and services,
employee benefit costs, insurance costs and professional and
general liability claims, and the timely delivery of accurate
property-level financial results for those properties; (o) the
movement of U.S. and Canadian exchange rates; (p) year-over-year
changes in the Consumer Price Index and the effect of those changes
on the rent escalators, including the rent escalator for Master
Lease 2 with Kindred Healthcare, Inc., and the Companys earnings;
(q) the Companys ability and the ability of its tenants, operators,
borrowers and managers to obtain and maintain adequate liability
and other insurance from reputable and financially stable
providers; (r) the impact of increased operating costs and
uninsured professional liability claims on the liquidity, financial
condition and results of operations of the Companys tenants,
operators, borrowers and managers, and the ability of the Companys
tenants, operators, borrowers and managers to accurately estimate
the magnitude of those claims; (s) risks associated with the
Companys MOB portfolio and operations, including its ability to
successfully design, develop and manage MOBs, to accurately
estimate its costs in fixed fee-for-service projects and to retain
key personnel; (t) the ability of the hospitals on or near whose
campuses the Companys MOBs are located and their affiliated health
systems to remain competitive and financially viable and to attract
physicians and physician groups; (u) the Companys ability to
maintain or expand its relationships with its existing and future
hospital and health system clients; (v) risks associated with the
Companys investments in joint ventures and unconsolidated entities,
including its lack of sole decision-making authority and its
reliance on its joint venture partners financial condition; (w) the
impact of market or issuer events on the liquidity or value of the
Companys investments in marketable securities; and (x) the impact
of any financial, accounting, legal or regulatory issues or
litigation that may affect the Company or its major tenants,
operators or managers. Many of these factors are beyond the control
of the Company and its management.
today that private investment funds managed by Lazard Real Estate
Partners LLC and its affiliates have agreed to sell 21,070,658
shares of the Companys common stock to Citigroup, as underwriter,
in an underwritten public offering of those shares. All net
proceeds from the sale of the common stock will be received by the
selling stockholders. The Company will not receive any of the
proceeds. The shares of common stock are being sold by the selling
stockholders pursuant to an effective shelf registration statement
filed with the Securities and Exchange Commission. A copy of the
prospectus supplement and accompanying prospectus describing the
terms of the offering will be filed with the Securities and
Exchange Commission and may be obtained, when available, from
Citigroup, Brooklyn Army Terminal, 140 58th Street, 8th Floor,
Brooklyn, NY 11220 (Tel: 800-831-9146). This press release shall
not constitute an offer to sell or a solicitation of an offer to
buy the shares of common stock or any other securities, nor shall
there be any sale of the shares of common stock or any other
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. Ventas, Inc., an SP 500 company, is a leading
healthcare real estate investment trust. Its diverse portfolio of
more than 1,300 assets in 47 states (including the District of
Columbia) and two Canadian provinces consists of seniors housing
communities, skilled nursing facilities, hospitals, medical office
buildings and other properties. Through its Lillibridge subsidiary,
Ventas provides management, leasing, marketing, facility
development and advisory services to highly rated hospitals and
health systems throughout the United States. This press release
includes forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. All statements
regarding the Companys or its tenants, operators, managers or
borrowers expected future financial position, results of
operations, cash flows, funds from operations, dividends and
dividend plans, financing plans, business strategy, budgets,
projected costs, operating metrics, capital expenditures,
competitive positions, acquisitions, investment opportunities,
dispositions, merger integration, growth opportunities, expected
lease income, continued qualification as a real estate investment
trust (REIT), plans and objectives of management for future
operations and statements that include words such as anticipate,
if, believe, plan, estimate, expect, intend, may, could, should,
will and other similar expressions are forward-looking statements.
Such forward-looking statements are inherently uncertain, and
security holders must recognize that actual results may differ from
the Companys expectations. The Company does not undertake a duty to
update such forward-looking statements, which speak only as of the
date on which they are made. The Companys actual future results and
trends may differ materially depending on a variety of factors
discussed in the Companys filings with the Securities and Exchange
Commission. These factors include without limitation: (a) the
ability and willingness of the Companys tenants, operators,
borrowers, managers and other third parties to meet and/or perform
their obligations under their respective contractual arrangements
with the Company, including, in some cases, their obligations to
indemnify, defend and hold harmless the Company from and against
various claims, litigation and liabilities; (b) the ability of the
Companys tenants, operators, borrowers and managers to maintain the
financial strength and liquidity necessary to satisfy their
respective obligations and liabilities to third parties, including
without limitation obligations under their existing credit
facilities and other indebtedness; (c) the Companys success in
implementing its business strategy and the Companys ability to
identify, underwrite, finance, consummate and integrate
diversifying acquisitions or investments, including the Nationwide
Health Properties transaction and those in different asset types
and outside the United States; (d) macroeconomic conditions such as
a disruption of or lack of access to the capital markets, changes
in the debt rating on U.S. government securities, default and/or
delay in payment by the United States of its obligations, and
changes in the federal budget resulting in the reduction or
nonpayment of Medicare or Medicaid reimbursement rates; (e) the
nature and extent of future competition; (f) the extent of future
or pending healthcare reform and regulation, including cost
containment measures and changes in reimbursement policies,
procedures and rates; (g) increases in the Companys cost of
borrowing as a result of changes in interest rates and other
factors; (h) the ability of the Companys operators and managers, as
applicable, to deliver high quality services, to attract and retain
qualified personnel and to attract residents and patients; (i)
changes in general economic conditions and/or economic conditions
in the markets in which the Company may, from time to time,
compete, and the effect of those changes on the Companys revenues
and its ability to access the capital markets or other sources of
funds; (j) the Companys ability to pay down, refinance, restructure
and/or extend its indebtedness as it becomes due; (k) the Companys
ability and willingness to maintain its qualification as a REIT due
to economic, market, legal, tax or other considerations; (l) final
determination of the Companys taxable net income for the year ended
December 31, 2011; (m) the ability and willingness of the Companys
tenants to renew their leases with the Company upon expiration of
the leases and the Companys ability to reposition its properties on
the same or better terms in the event such leases expire and are
not renewed by the Companys tenants or in the event the Company
exercises its right to replace an existing tenant upon default; (n)
risks associated with the Companys senior living operating
portfolio, such as factors causing volatility in the Companys
operating income and earnings generated by its properties,
including without limitation national and regional economic
conditions, costs of materials, energy, labor and services,
employee benefit costs, insurance costs and professional and
general liability claims, and the timely delivery of accurate
property-level financial results for those properties; (o) the
movement of U.S. and Canadian exchange rates; (p) year-over-year
changes in the Consumer Price Index and the effect of those changes
on the rent escalators, including the rent escalator for Master
Lease 2 with Kindred Healthcare, Inc., and the Companys earnings;
(q) the Companys ability and the ability of its tenants, operators,
borrowers and managers to obtain and maintain adequate liability
and other insurance from reputable and financially stable
providers; (r) the impact of increased operating costs and
uninsured professional liability claims on the liquidity, financial
condition and results of operations of the Companys tenants,
operators, borrowers and managers, and the ability of the Companys
tenants, operators, borrowers and managers to accurately estimate
the magnitude of those claims; (s) risks associated with the
Companys MOB portfolio and operations, including its ability to
successfully design, develop and manage MOBs, to accurately
estimate its costs in fixed fee-for-service projects and to retain
key personnel; (t) the ability of the hospitals on or near whose
campuses the Companys MOBs are located and their affiliated health
systems to remain competitive and financially viable and to attract
physicians and physician groups; (u) the Companys ability to
maintain or expand its relationships with its existing and future
hospital and health system clients; (v) risks associated with the
Companys investments in joint ventures and unconsolidated entities,
including its lack of sole decision-making authority and its
reliance on its joint venture partners financial condition; (w) the
impact of market or issuer events on the liquidity or value of the
Companys investments in marketable securities; and (x) the impact
of any financial, accounting, legal or regulatory issues or
litigation that may affect the Company or its major tenants,
operators or managers. Many of these factors are beyond the control
of the Company and its management.
2012 International CES SuperSession Features Best Buys Brian Dunn
The Consumer Electronics Association (CEA) today announced a
dynamic SuperSession lineup as part of the 2012 International CES
conference program, which will feature technology and government
leaders, including Best Buy CEO Brian Dunn and Federal
Communications Commission (FCC) Chairman Julius Genachowski. Owned
and produced by CEA, the 2012 International CES, the worlds largest
consumer technology tradeshow, is scheduled January 10-13 in Las
Vegas, Nevada. I am thrilled to discuss opportunities and
challenges in CE retail with Brian Dunn, and to hear about crucial
innovation issues in technology policy from FCC Chairman Julius
Genachowski, said Gary Shapiro, president and CEO, CEA. CES
SuperSessions feature top-level experts, including Googles Eric
Schmidt, sharing thought-provoking information about the state of
the industry, and we look forward to welcoming such a wonderful
lineup of panelists to this years program. Best Buy CEO Brian Dunn
will join Shapiro for a one-on-one discussion about the current
state of retail at 3 p.m., Wednesday, January 11, in the Las Vegas
Convention and World Trade Center (LVCC), North Hall, N255-257. The
two will discuss what retailers are doing to stay on top in this
unpredictable climate and what products and services are giving
Best Buy a competitive edge, as well as examine results from the
2011 holiday sales season, discuss Internet sales tax, leadership,
International expansion and more. FCC Chairman Julius Genachowski
will join Shapiro for a candid conversation about the Chairmans
vision for and tenure at the FCC at 1:30 p.m., Wednesday, January
11, in LVCC, North Hall, N255-257. Discussion topics will include
developments in broadband, spectrum reform, competition policy and
other critical issues impacting our industry. Other 2012 CES
SuperSession panels include CNET Presents the Next Best Thing in
CE, featuring Google Executive Chairman Eric Schmidt, which will
reveal the trends and emerging categories to expect in 2012, and
Argue the Future, exploring the most controversial industry
advancements from 2011 and the most brilliant product announcements
at CES with The Verge editors and other industry experts. Other
must-attend SuperSessions, including those focused on connected
cars, IPTV and 3D content, can be found here. Shapiro will also
moderate the CES Innovation Power Panel, a lively discussion about
the spirit of innovation and entrepreneurship featuring top
executives from Ford, Verizon and Xerox. This keynote is scheduled
for 9 a.m. Wednesday, January 11 in the Las Vegas Hilton Theater.
The 2012 CES will feature more than 2,700 global technology
companies unveiling the latest consumer technology products and
services across 15 major product categories including the latest in
audio, automotive electronics, connected home technologies, digital
imaging/photography, electronic gaming, entertainment/content and
more. Note to Journalists: Please note the correct event reference
is 2012 International CES. Media information is available in the
For the Press section of CESweb.org. Media are encouraged to arrive
in Las Vegas by Sunday, January 8, 2012 to take advantage of all
the preshow press events, including CES Unveiled: The Official
Press Event of the 2012 International CES. CES Press Day will be
held on Monday, January 9 at The Venetian. About CEA: The Consumer
Electronics Association (CEA) is the preeminent trade association
promoting growth in the $190 billion U.S. consumer electronics
industry. More than 2,000 companies enjoy the benefits of CEA
membership, including legislative advocacy, market research,
technical training and education, industry promotion, standards
development and the fostering of business and strategic
relationships.CEA also owns and produces the International
CES The Global Stage for Innovation. All profits from CES are
reinvested into CEAs industry services.Find CEA online:
www.CE.org and www.DeclareInnovation.com. Follow CES at
www.CESweb.org and through social media:
http://facebook.com/InternationalCES http://twitter.com/IntlCES
http://blog.ce.org/. UPCOMING EVENTS CES Unveiled: The Official
Press Event of the International CESJanuary 8, 2012, Las Vegas, NV
2012 International CESJanuary 10 - 13, 2012, Las Vegas, NV Digital
Music Forum East February 22 - 23, 2012, New York, NY CEA Economic
RetreatFebruary 28 - March 2, 2012, Vail, CO LA Games
ConferenceApril 23 - 24, 2012, Los Angeles, CA CES on the HillApril
24, 2012, Washington, D.C. Digital Patriots DinnerApril 25, 2012,
Washington, D.C. 2012 Spring Technology Standards ForumMay 14 - 18,
2012, Dallas, TX CE WeekJune 25 - 29, 2012, New York, NY CEA Line
ShowsJune 27 - 28, 2012, New York, NY iStage CompetitionJune 2012,
New York, NY 2012 SINOCESJuly 5 - 8, 2012, Qingdao, China CEA
Industry ForumOctober 14 - 17, 2012, San Francisco, CA CEO Summit
and Board RetreatOctober 17 - 19, 2012, CA CES New York Press
Preview featuring CES Unveiled @ NYNovember 12, 2012, New York,
NY
dynamic SuperSession lineup as part of the 2012 International CES
conference program, which will feature technology and government
leaders, including Best Buy CEO Brian Dunn and Federal
Communications Commission (FCC) Chairman Julius Genachowski. Owned
and produced by CEA, the 2012 International CES, the worlds largest
consumer technology tradeshow, is scheduled January 10-13 in Las
Vegas, Nevada. I am thrilled to discuss opportunities and
challenges in CE retail with Brian Dunn, and to hear about crucial
innovation issues in technology policy from FCC Chairman Julius
Genachowski, said Gary Shapiro, president and CEO, CEA. CES
SuperSessions feature top-level experts, including Googles Eric
Schmidt, sharing thought-provoking information about the state of
the industry, and we look forward to welcoming such a wonderful
lineup of panelists to this years program. Best Buy CEO Brian Dunn
will join Shapiro for a one-on-one discussion about the current
state of retail at 3 p.m., Wednesday, January 11, in the Las Vegas
Convention and World Trade Center (LVCC), North Hall, N255-257. The
two will discuss what retailers are doing to stay on top in this
unpredictable climate and what products and services are giving
Best Buy a competitive edge, as well as examine results from the
2011 holiday sales season, discuss Internet sales tax, leadership,
International expansion and more. FCC Chairman Julius Genachowski
will join Shapiro for a candid conversation about the Chairmans
vision for and tenure at the FCC at 1:30 p.m., Wednesday, January
11, in LVCC, North Hall, N255-257. Discussion topics will include
developments in broadband, spectrum reform, competition policy and
other critical issues impacting our industry. Other 2012 CES
SuperSession panels include CNET Presents the Next Best Thing in
CE, featuring Google Executive Chairman Eric Schmidt, which will
reveal the trends and emerging categories to expect in 2012, and
Argue the Future, exploring the most controversial industry
advancements from 2011 and the most brilliant product announcements
at CES with The Verge editors and other industry experts. Other
must-attend SuperSessions, including those focused on connected
cars, IPTV and 3D content, can be found here. Shapiro will also
moderate the CES Innovation Power Panel, a lively discussion about
the spirit of innovation and entrepreneurship featuring top
executives from Ford, Verizon and Xerox. This keynote is scheduled
for 9 a.m. Wednesday, January 11 in the Las Vegas Hilton Theater.
The 2012 CES will feature more than 2,700 global technology
companies unveiling the latest consumer technology products and
services across 15 major product categories including the latest in
audio, automotive electronics, connected home technologies, digital
imaging/photography, electronic gaming, entertainment/content and
more. Note to Journalists: Please note the correct event reference
is 2012 International CES. Media information is available in the
For the Press section of CESweb.org. Media are encouraged to arrive
in Las Vegas by Sunday, January 8, 2012 to take advantage of all
the preshow press events, including CES Unveiled: The Official
Press Event of the 2012 International CES. CES Press Day will be
held on Monday, January 9 at The Venetian. About CEA: The Consumer
Electronics Association (CEA) is the preeminent trade association
promoting growth in the $190 billion U.S. consumer electronics
industry. More than 2,000 companies enjoy the benefits of CEA
membership, including legislative advocacy, market research,
technical training and education, industry promotion, standards
development and the fostering of business and strategic
relationships.CEA also owns and produces the International
CES The Global Stage for Innovation. All profits from CES are
reinvested into CEAs industry services.Find CEA online:
www.CE.org and www.DeclareInnovation.com. Follow CES at
www.CESweb.org and through social media:
http://facebook.com/InternationalCES http://twitter.com/IntlCES
http://blog.ce.org/. UPCOMING EVENTS CES Unveiled: The Official
Press Event of the International CESJanuary 8, 2012, Las Vegas, NV
2012 International CESJanuary 10 - 13, 2012, Las Vegas, NV Digital
Music Forum East February 22 - 23, 2012, New York, NY CEA Economic
RetreatFebruary 28 - March 2, 2012, Vail, CO LA Games
ConferenceApril 23 - 24, 2012, Los Angeles, CA CES on the HillApril
24, 2012, Washington, D.C. Digital Patriots DinnerApril 25, 2012,
Washington, D.C. 2012 Spring Technology Standards ForumMay 14 - 18,
2012, Dallas, TX CE WeekJune 25 - 29, 2012, New York, NY CEA Line
ShowsJune 27 - 28, 2012, New York, NY iStage CompetitionJune 2012,
New York, NY 2012 SINOCESJuly 5 - 8, 2012, Qingdao, China CEA
Industry ForumOctober 14 - 17, 2012, San Francisco, CA CEO Summit
and Board RetreatOctober 17 - 19, 2012, CA CES New York Press
Preview featuring CES Unveiled @ NYNovember 12, 2012, New York,
NY
Nuveen Closed-End Funds Declare Monthly Distributions
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced that 113 Nuveen closed-end funds had declared regular
monthly distributions. These funds represent a broad range of
tax-exempt, taxable fixed and floating rate income investment
strategies for investors seeking to build sophisticated and
diversified long-term investment portfolios for cash flow. The
funds monthly distributions are listed below. Monthly distributions
from Nuveen's municipal closed-end funds and portfolios are
generally exempt from regular Federal income taxes, and monthly
distributions of single-state municipal funds and portfolios are
also exempt from state and, in some cases, local income taxes for
in-state residents. Unless otherwise stated in the funds'
objectives, monthly distributions of the municipal funds and
portfolios may be subject to the Federal Alternative Minimum Tax
for some shareholders. All of Nuveens funds seek to pay stable
distributions at rates that reflect each funds past results and
projected future performance. During certain periods, each fund may
pay distributions at a rate that may be more or less than the
amount of net investment income actually earned by the fund during
the period. If a fund cumulatively earned more than it has paid in
distributions, it holds the excess in reserve as undistributed net
investment income (UNII) as part of the funds net asset value
(NAV). Conversely, if a fund has cumulatively paid distributions in
excess of its earnings, the excess constitutes negative UNII that
is likewise reflected in the funds NAV. Each fund will, over time,
pay all of its net investment income as distributions to
shareholders. The funds positive or negative UNII balances are
disclosed from time to time in their periodic shareholder reports,
and are also on www.nuveen.com/cef In addition, distributions for
certain funds investing in real estate investment trusts (REITs)
may later be characterized as capital gains and/or a return of
capital, depending on the character of the dividends reported to
each fund after year-end by REIT securities held by each fund. The
Nuveen preferred securities funds, JTP, JPS and JHP may invest in
REITs; a list of funds that are likely to be affected by
re-characterization is posted to www.nuveen.com each January, and
updated tax characteristics are posted to the web site and mailed
to shareholders via form 1099-DIV during the first quarter of the
year. Record Date January 15, 2012 Ex-Dividend
Date January 11, 2012 Payable Date February 1, 2012 Reinvest Date
February 1, 2012 Monthly Tax-Free Distribution Per Share Change
From Amount Previous Month Ticker Closed-End Portfolios NXP Select
Portfolio $.0595 - NXQ Select Portfolio 2 .0525 - NXR Select
Portfolio 3 .0550 - NXC CA Select Portfolio .0570 - NXN NY Select
Portfolio .0545 - Closed-End Funds Non-Leveraged Funds NUV
Municipal Value .0390 - NUW Municipal Value 2 .0710 - NCA CA
Municipal Value .0390 - NNY NY Municipal Value .0355 - NMI
Municipal Income .0475 - NIMF Select Maturities .0340 - NYV NY
Municipal Value 2 .0560 - NCB CA Municipal Value 2 .0665 - NJV NJ
Municipal Value .0640 - NPN PA Municipal Value .0565 -
Leveraged Funds National NPI Premium Income .0765 - NPP Performance
Plus .0800 - NMA Advantage .0825 - NMO Market Opportunity .0775 -
NQM Investment Quality .0840 - NQI Insured Quality .0750 - NQS
Select Quality .0860 - NQU Quality Income .0790 - NIO Insured
Opportunity .0730 - NPF Premier .0785 - NIF Premier Insured .0755 -
NPM Premium Income 2 .0795 - NPT Premium Income 4 .0710 -
Monthly Tax-Free Distribution Per Share Change From Amount Previous
Month NPX Insured Premium 2 .0620 - NAD Dividend Advantage .0760 -
NXZ Dividend Advantage 2 .0800 - NZF Dividend Advantage 3 .0820 -
NVG Insured Dividend Advantage .0750 - NEA Insured Tax-Free
Advantage .0700 - NMZ High Income Opportunity Fund .0730 - NMD High
Income Opportunity Fund 2 .0655 - NEV Enhanced Municipal Value Fund
.0800 - California NCP Performance Plus .0815 - NCO Market
Opportunity .0800 - NQC Investment Quality .0830 - NVC Select
Quality .0860 - NUC Quality Income .0875 - NPC Insured Premium
Income .0725 - NCL Insured Premium Income 2 .0755 - NCU Premium
Income .0725 - NAC Dividend Advantage .0770 - NVX Dividend
Advantage 2 .0800 - NZH Dividend Advantage 3 .0750 - NKL Insured
Dividend Advantage .0830 - NKX Insured Tax-Free Advantage .0710 -
New York NNP Performance Plus .0735 - NQN Investment Quality .0690
- NVN Select Quality .0725 - NUN Quality Income .0730 - NNF Insured
Premium Income .0695 - NAN Dividend Advantage .0655 - NXK Dividend
Advantage 2 .0665 - NKO Insured Dividend Advantage .0680 - NRK
Insured Tax-Free Advantage .0585 - Other State Funds NAZ AZ Premium
Income .0640 - NFZ AZ Dividend Advantage .0645 - NKR AZ Dividend
Advantage 2 .0670 - NXE AZ Dividend Advantage 3 .0630 - NTC CT
Premium Income .0590 - NFC CT Dividend Advantage .0605 - NGK CT
Dividend Advantage 2 .0625 - NGO CT Dividend Advantage 3 .0575 -
NPG GA Premium Income .0565 - NZX GA Dividend Advantage .0610 - NKG
GA Dividend Advantage 2 .0575 - NMY MD Premium Income .0645 - NFM
MD Dividend Advantage .0650 - NZR MD Dividend Advantage 2 .0660 -
NWI MD Dividend Advantage 3 .0630 - NMT MA Premium Income .0650 -
Monthly Tax-Free Distribution Per Share Change From Amount
Previous Month NMB MA Dividend Advantage .0610 - NGX Insured MA
Tax-Free Advantage .0570 - NUM MI Quality Income .0740 - NMP MI
Premium Income .0730 - NZW MI Dividend Advantage .0670 - NOM MO
Premium Income .0650 - NQJ NJ Investment Quality .0705 - NNJ NJ
Premium Income .0725 - NXJ NJ Dividend Advantage .0695 - NUJ NJ
Dividend Advantage 2 .0715 - NNC NC Premium Income .0585 - NRB NC
Dividend Advantage .0660 - NNO NC Dividend Advantage 2 .0640 - NII
NC Dividend Advantage 3 .0625 - NUO OH Quality Income .0800 - NXI
OH Dividend Advantage .0735 - NBJ OH Dividend Advantage 2 .0700 -
NVJ OH Dividend Advantage 3 .0755 - NQP PA Investment Quality .0780
- NPY PA Premium Income 2 .0700 - NXM PA Dividend Advantage .0725 -
NVY PA Dividend Advantage 2 .0745 - NTX TX Quality Income .0715 -
NPV VA Premium Income .0670 - NGB VA Dividend Advantage .0640 - NNB
VA Dividend Advantage 2 .0660 - Monthly Taxable Distribution
Per Share Closed-End Funds: Change From Ticker Taxable Funds Amount
Previous Month Preferred Securities JTP Quality Preferred Income
Fund .0500 - JPS Quality Preferred Income Fund 2 .0550 - JHP
Quality Preferred Income Fund 3 .0520 - Floating Rate: Corporate
Loans NSL Senior Income Fund .0430 - JFR Floating Rate Income Fund
.0685 - JRO Floating Rate Income Opportunity Fund .0725 - JSD Short
Duration Credit Opportunities Fund .1135 - Floating Rate: Tax
Advantaged JFP Tax-Advantaged Floating Rate Fund .0100 -
Mortgage-Backed Securities JLS Mortgage Opportunity Term Fund .1725
- JMT Mortgage Opportunity Term Fund 2 .1725 - Taxable Municipal
NBB Build America Bond Fund .1170 - NBD Build America Bond
Opportunity Fund .1260 - The following dates apply to
today's distribution declarations for the following MTP Shares:
Record Date January 15, 2012 Ex-Dividend Date
January 11, 2012 Payable Date February 1, 2012 Ticker MuniFund Term
Preferred Monthly Tax-Free Distribution Per Share NVG PrC Nuveen
Insured Dividend Advantage Municipal Fund MTP $.024583 NGB PrC
Nuveen Virginia Dividend Advantage Municipal Fund MTP .023333 NNB
PrC Nuveen Virginia Dividend Advantage Municipal Fund 2 MTP .023333
NAN PrC Nuveen New York Dividend Advantage Municipal Fund MTP
.022500 NZH PrC Nuveen California Dividend Advantage Municipal Fund
3 MTP .024583 NEA PrC Nuveen Insured Tax-Free Advantage Municipal
Fund MTP .023750 NKG PrC Nuveen Georgia Dividend Advantage
Municipal Fund 2 MTP .022083 NMT PrC Nuveen Massachusetts Premium
Income Municipal Fund MTP .022083 NMY PrC Nuveen Maryland Premium
Income Municipal Fund MTP .022083 NNC PrC Nuveen North Carolina
Premium Income Municipal Fund MTP .022083 NPV PrC Nuveen Virginia
Premium Income Municipal Fund MTP .022083 NTC PrC Nuveen
Connecticut Premium Income Municipal Fund MTP .022083 NII PrC
Nuveen North Carolina Dividend Advantage Municipal Fund 3 MTP
.022083 NGO PrC Nuveen Connecticut Dividend Advantage Municipal
Fund 3 MTP .022083 NGX PrC Nuveen Insured Mass. Tax-Free Advantage
Municipal Fund MTP .022083 NPG PrC Nuveen Georgia Premium Income
Municipal Fund MTP .022083 NZX PrC Nuveen Georgia Dividend
Advantage Municipal Fund MTP .022083 NWI PrC Nuveen Maryland
Dividend Advantage Municipal Fund 3 MTP .022083 NAD PrC Nuveen
Dividend Advantage Municipal Fund MTP .022500 NMB PrC Nuveen
Massachusetts Dividend Advantage Municipal Fund MTP .021667 NRB PrC
Nuveen North Carolina Dividend Advantage Municipal Fund MTP .021667
NNO PrC Nuveen North Carolina Dividend Advantage Municipal Fund 2
MTP .021667 NFC PrC Nuveen Connecticut Dividend Advantage Municipal
Fund MTP .021667 NGK PrC Nuveen Connecticut Dividend Advantage
Municipal Fund 2 MTP .021667 NXK PrC Nuveen New York Dividend
Advantage Municipal Fund 2 MTP .021250 NRK PrC Nuveen Insured New
York Tax Free Advantage Municipal Fund MTP .021250 NFM PrC Nuveen
Maryland Dividend Advantage Municipal Fund MTP .021667 NZR PrC
Nuveen Maryland Dividend Advantage Municipal Fund 2 MTP .021667 NCU
PrC Nuveen California Premium Income Municipal Fund MTP .016667 NUJ
PrC Nuveen New Jersey Dividend Advantage Municipal Fund 2 MTP
.016667 NXM PrC Nuveen Pennsylvania Dividend Advantage Municipal
Fund MTP .017500 NKR PrC Nuveen Arizona Dividend Advantage
Municipal Fund 2 MTP .017083 NFZ PrC Nuveen Arizona Dividend
Advantage Municipal Fund MTP .017083 NVX PrC Nuveen California
Dividend Advantage Municipal Fund 2 MTP .017083 NVY PrC Nuveen
Pennsylvania Dividend Advantage Municipal Fund 2 MTP .017917 NTX
PrC Nuveen Texas Quality Income Municipal Fund MTP .019167 NOM PrC
Nuveen Missouri Premium Income Municipal Fund MTP .017500 NZW PrC
Nuveen Michigan Dividend Advantage Municipal Fund MTP .019167 NXI
PrC Nuveen Ohio Dividend Advantage Municipal Fund MTP .019583 NAN
PrD Nuveen New York Dividend Advantage Municipal Fund MTP .020833
NNC PrD Nuveen North Carolina Premium Income Municipal Fund MTP
.021667 NTC PrD Nuveen Connecticut Premium Income Municipal Fund
MTP .021250 NZF PrC Nuveen Dividend Advantage Municipal Fund 3 MTP
.023333 NMT PrD Nuveen Massachusetts Premium Income Municipal Fund
MTP .022917 NWI PrD Nuveen Maryland Dividend Advantage Municipal
Fund 3 MTP .023750 NXE PrC Nuveen Arizona Dividend Advantage
Municipal Fund 3 MTP .024167 NPV PrA Nuveen Virginia Premium Income
Municipal Fund MTP .018750 NMY PrD Nuveen Maryland Premium Income
Municipal Fund MTP .024167 NXI PrD Nuveen Ohio Dividend Advantage
Municipal Fund MTP .024583 NXJ PrA Nuveen New Jersey Dividend
Advantage Municipal Fund MTP .019167 NVX PrA Nuveen California
Dividend Advantage Municipal Fund 2 MTP .019583 NBJ PrA Nuveen Ohio
Dividend Advantage Municipal Fund 2 MTP .019583 NZH PrA Nuveen
California Dividend Advantage Municipal Fund 3 MTP .019583 NVJ PrA
Nuveen Ohio Dividend Advantage Municipal Fund 3 MTP .019583 NZH PrB
Nuveen California Dividend Advantage Municipal Fund 3 MTP .018750
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
affiliatesNuveen Asset Management, NWQ, Santa Barbara, Symphony,
Tradewinds and Winslow Capital. In total, Nuveen Investments
managed $207 billion as of October 31, 2011. For more information,
please visit the Nuveen Investments website at
www.nuveen.com.
services to institutions as well as individual investors, today
announced that 113 Nuveen closed-end funds had declared regular
monthly distributions. These funds represent a broad range of
tax-exempt, taxable fixed and floating rate income investment
strategies for investors seeking to build sophisticated and
diversified long-term investment portfolios for cash flow. The
funds monthly distributions are listed below. Monthly distributions
from Nuveen's municipal closed-end funds and portfolios are
generally exempt from regular Federal income taxes, and monthly
distributions of single-state municipal funds and portfolios are
also exempt from state and, in some cases, local income taxes for
in-state residents. Unless otherwise stated in the funds'
objectives, monthly distributions of the municipal funds and
portfolios may be subject to the Federal Alternative Minimum Tax
for some shareholders. All of Nuveens funds seek to pay stable
distributions at rates that reflect each funds past results and
projected future performance. During certain periods, each fund may
pay distributions at a rate that may be more or less than the
amount of net investment income actually earned by the fund during
the period. If a fund cumulatively earned more than it has paid in
distributions, it holds the excess in reserve as undistributed net
investment income (UNII) as part of the funds net asset value
(NAV). Conversely, if a fund has cumulatively paid distributions in
excess of its earnings, the excess constitutes negative UNII that
is likewise reflected in the funds NAV. Each fund will, over time,
pay all of its net investment income as distributions to
shareholders. The funds positive or negative UNII balances are
disclosed from time to time in their periodic shareholder reports,
and are also on www.nuveen.com/cef In addition, distributions for
certain funds investing in real estate investment trusts (REITs)
may later be characterized as capital gains and/or a return of
capital, depending on the character of the dividends reported to
each fund after year-end by REIT securities held by each fund. The
Nuveen preferred securities funds, JTP, JPS and JHP may invest in
REITs; a list of funds that are likely to be affected by
re-characterization is posted to www.nuveen.com each January, and
updated tax characteristics are posted to the web site and mailed
to shareholders via form 1099-DIV during the first quarter of the
year. Record Date January 15, 2012 Ex-Dividend
Date January 11, 2012 Payable Date February 1, 2012 Reinvest Date
February 1, 2012 Monthly Tax-Free Distribution Per Share Change
From Amount Previous Month Ticker Closed-End Portfolios NXP Select
Portfolio $.0595 - NXQ Select Portfolio 2 .0525 - NXR Select
Portfolio 3 .0550 - NXC CA Select Portfolio .0570 - NXN NY Select
Portfolio .0545 - Closed-End Funds Non-Leveraged Funds NUV
Municipal Value .0390 - NUW Municipal Value 2 .0710 - NCA CA
Municipal Value .0390 - NNY NY Municipal Value .0355 - NMI
Municipal Income .0475 - NIMF Select Maturities .0340 - NYV NY
Municipal Value 2 .0560 - NCB CA Municipal Value 2 .0665 - NJV NJ
Municipal Value .0640 - NPN PA Municipal Value .0565 -
Leveraged Funds National NPI Premium Income .0765 - NPP Performance
Plus .0800 - NMA Advantage .0825 - NMO Market Opportunity .0775 -
NQM Investment Quality .0840 - NQI Insured Quality .0750 - NQS
Select Quality .0860 - NQU Quality Income .0790 - NIO Insured
Opportunity .0730 - NPF Premier .0785 - NIF Premier Insured .0755 -
NPM Premium Income 2 .0795 - NPT Premium Income 4 .0710 -
Monthly Tax-Free Distribution Per Share Change From Amount Previous
Month NPX Insured Premium 2 .0620 - NAD Dividend Advantage .0760 -
NXZ Dividend Advantage 2 .0800 - NZF Dividend Advantage 3 .0820 -
NVG Insured Dividend Advantage .0750 - NEA Insured Tax-Free
Advantage .0700 - NMZ High Income Opportunity Fund .0730 - NMD High
Income Opportunity Fund 2 .0655 - NEV Enhanced Municipal Value Fund
.0800 - California NCP Performance Plus .0815 - NCO Market
Opportunity .0800 - NQC Investment Quality .0830 - NVC Select
Quality .0860 - NUC Quality Income .0875 - NPC Insured Premium
Income .0725 - NCL Insured Premium Income 2 .0755 - NCU Premium
Income .0725 - NAC Dividend Advantage .0770 - NVX Dividend
Advantage 2 .0800 - NZH Dividend Advantage 3 .0750 - NKL Insured
Dividend Advantage .0830 - NKX Insured Tax-Free Advantage .0710 -
New York NNP Performance Plus .0735 - NQN Investment Quality .0690
- NVN Select Quality .0725 - NUN Quality Income .0730 - NNF Insured
Premium Income .0695 - NAN Dividend Advantage .0655 - NXK Dividend
Advantage 2 .0665 - NKO Insured Dividend Advantage .0680 - NRK
Insured Tax-Free Advantage .0585 - Other State Funds NAZ AZ Premium
Income .0640 - NFZ AZ Dividend Advantage .0645 - NKR AZ Dividend
Advantage 2 .0670 - NXE AZ Dividend Advantage 3 .0630 - NTC CT
Premium Income .0590 - NFC CT Dividend Advantage .0605 - NGK CT
Dividend Advantage 2 .0625 - NGO CT Dividend Advantage 3 .0575 -
NPG GA Premium Income .0565 - NZX GA Dividend Advantage .0610 - NKG
GA Dividend Advantage 2 .0575 - NMY MD Premium Income .0645 - NFM
MD Dividend Advantage .0650 - NZR MD Dividend Advantage 2 .0660 -
NWI MD Dividend Advantage 3 .0630 - NMT MA Premium Income .0650 -
Monthly Tax-Free Distribution Per Share Change From Amount
Previous Month NMB MA Dividend Advantage .0610 - NGX Insured MA
Tax-Free Advantage .0570 - NUM MI Quality Income .0740 - NMP MI
Premium Income .0730 - NZW MI Dividend Advantage .0670 - NOM MO
Premium Income .0650 - NQJ NJ Investment Quality .0705 - NNJ NJ
Premium Income .0725 - NXJ NJ Dividend Advantage .0695 - NUJ NJ
Dividend Advantage 2 .0715 - NNC NC Premium Income .0585 - NRB NC
Dividend Advantage .0660 - NNO NC Dividend Advantage 2 .0640 - NII
NC Dividend Advantage 3 .0625 - NUO OH Quality Income .0800 - NXI
OH Dividend Advantage .0735 - NBJ OH Dividend Advantage 2 .0700 -
NVJ OH Dividend Advantage 3 .0755 - NQP PA Investment Quality .0780
- NPY PA Premium Income 2 .0700 - NXM PA Dividend Advantage .0725 -
NVY PA Dividend Advantage 2 .0745 - NTX TX Quality Income .0715 -
NPV VA Premium Income .0670 - NGB VA Dividend Advantage .0640 - NNB
VA Dividend Advantage 2 .0660 - Monthly Taxable Distribution
Per Share Closed-End Funds: Change From Ticker Taxable Funds Amount
Previous Month Preferred Securities JTP Quality Preferred Income
Fund .0500 - JPS Quality Preferred Income Fund 2 .0550 - JHP
Quality Preferred Income Fund 3 .0520 - Floating Rate: Corporate
Loans NSL Senior Income Fund .0430 - JFR Floating Rate Income Fund
.0685 - JRO Floating Rate Income Opportunity Fund .0725 - JSD Short
Duration Credit Opportunities Fund .1135 - Floating Rate: Tax
Advantaged JFP Tax-Advantaged Floating Rate Fund .0100 -
Mortgage-Backed Securities JLS Mortgage Opportunity Term Fund .1725
- JMT Mortgage Opportunity Term Fund 2 .1725 - Taxable Municipal
NBB Build America Bond Fund .1170 - NBD Build America Bond
Opportunity Fund .1260 - The following dates apply to
today's distribution declarations for the following MTP Shares:
Record Date January 15, 2012 Ex-Dividend Date
January 11, 2012 Payable Date February 1, 2012 Ticker MuniFund Term
Preferred Monthly Tax-Free Distribution Per Share NVG PrC Nuveen
Insured Dividend Advantage Municipal Fund MTP $.024583 NGB PrC
Nuveen Virginia Dividend Advantage Municipal Fund MTP .023333 NNB
PrC Nuveen Virginia Dividend Advantage Municipal Fund 2 MTP .023333
NAN PrC Nuveen New York Dividend Advantage Municipal Fund MTP
.022500 NZH PrC Nuveen California Dividend Advantage Municipal Fund
3 MTP .024583 NEA PrC Nuveen Insured Tax-Free Advantage Municipal
Fund MTP .023750 NKG PrC Nuveen Georgia Dividend Advantage
Municipal Fund 2 MTP .022083 NMT PrC Nuveen Massachusetts Premium
Income Municipal Fund MTP .022083 NMY PrC Nuveen Maryland Premium
Income Municipal Fund MTP .022083 NNC PrC Nuveen North Carolina
Premium Income Municipal Fund MTP .022083 NPV PrC Nuveen Virginia
Premium Income Municipal Fund MTP .022083 NTC PrC Nuveen
Connecticut Premium Income Municipal Fund MTP .022083 NII PrC
Nuveen North Carolina Dividend Advantage Municipal Fund 3 MTP
.022083 NGO PrC Nuveen Connecticut Dividend Advantage Municipal
Fund 3 MTP .022083 NGX PrC Nuveen Insured Mass. Tax-Free Advantage
Municipal Fund MTP .022083 NPG PrC Nuveen Georgia Premium Income
Municipal Fund MTP .022083 NZX PrC Nuveen Georgia Dividend
Advantage Municipal Fund MTP .022083 NWI PrC Nuveen Maryland
Dividend Advantage Municipal Fund 3 MTP .022083 NAD PrC Nuveen
Dividend Advantage Municipal Fund MTP .022500 NMB PrC Nuveen
Massachusetts Dividend Advantage Municipal Fund MTP .021667 NRB PrC
Nuveen North Carolina Dividend Advantage Municipal Fund MTP .021667
NNO PrC Nuveen North Carolina Dividend Advantage Municipal Fund 2
MTP .021667 NFC PrC Nuveen Connecticut Dividend Advantage Municipal
Fund MTP .021667 NGK PrC Nuveen Connecticut Dividend Advantage
Municipal Fund 2 MTP .021667 NXK PrC Nuveen New York Dividend
Advantage Municipal Fund 2 MTP .021250 NRK PrC Nuveen Insured New
York Tax Free Advantage Municipal Fund MTP .021250 NFM PrC Nuveen
Maryland Dividend Advantage Municipal Fund MTP .021667 NZR PrC
Nuveen Maryland Dividend Advantage Municipal Fund 2 MTP .021667 NCU
PrC Nuveen California Premium Income Municipal Fund MTP .016667 NUJ
PrC Nuveen New Jersey Dividend Advantage Municipal Fund 2 MTP
.016667 NXM PrC Nuveen Pennsylvania Dividend Advantage Municipal
Fund MTP .017500 NKR PrC Nuveen Arizona Dividend Advantage
Municipal Fund 2 MTP .017083 NFZ PrC Nuveen Arizona Dividend
Advantage Municipal Fund MTP .017083 NVX PrC Nuveen California
Dividend Advantage Municipal Fund 2 MTP .017083 NVY PrC Nuveen
Pennsylvania Dividend Advantage Municipal Fund 2 MTP .017917 NTX
PrC Nuveen Texas Quality Income Municipal Fund MTP .019167 NOM PrC
Nuveen Missouri Premium Income Municipal Fund MTP .017500 NZW PrC
Nuveen Michigan Dividend Advantage Municipal Fund MTP .019167 NXI
PrC Nuveen Ohio Dividend Advantage Municipal Fund MTP .019583 NAN
PrD Nuveen New York Dividend Advantage Municipal Fund MTP .020833
NNC PrD Nuveen North Carolina Premium Income Municipal Fund MTP
.021667 NTC PrD Nuveen Connecticut Premium Income Municipal Fund
MTP .021250 NZF PrC Nuveen Dividend Advantage Municipal Fund 3 MTP
.023333 NMT PrD Nuveen Massachusetts Premium Income Municipal Fund
MTP .022917 NWI PrD Nuveen Maryland Dividend Advantage Municipal
Fund 3 MTP .023750 NXE PrC Nuveen Arizona Dividend Advantage
Municipal Fund 3 MTP .024167 NPV PrA Nuveen Virginia Premium Income
Municipal Fund MTP .018750 NMY PrD Nuveen Maryland Premium Income
Municipal Fund MTP .024167 NXI PrD Nuveen Ohio Dividend Advantage
Municipal Fund MTP .024583 NXJ PrA Nuveen New Jersey Dividend
Advantage Municipal Fund MTP .019167 NVX PrA Nuveen California
Dividend Advantage Municipal Fund 2 MTP .019583 NBJ PrA Nuveen Ohio
Dividend Advantage Municipal Fund 2 MTP .019583 NZH PrA Nuveen
California Dividend Advantage Municipal Fund 3 MTP .019583 NVJ PrA
Nuveen Ohio Dividend Advantage Municipal Fund 3 MTP .019583 NZH PrB
Nuveen California Dividend Advantage Municipal Fund 3 MTP .018750
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
affiliatesNuveen Asset Management, NWQ, Santa Barbara, Symphony,
Tradewinds and Winslow Capital. In total, Nuveen Investments
managed $207 billion as of October 31, 2011. For more information,
please visit the Nuveen Investments website at
www.nuveen.com.
Nuveen Closed-End Funds Declare Monthly Distributions
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced that 113 Nuveen closed-end funds had declared regular
monthly distributions. These funds represent a broad range of
tax-exempt, taxable fixed and floating rate income investment
strategies for investors seeking to build sophisticated and
diversified long-term investment portfolios for cash flow. The
funds monthly distributions are listed below. Monthly distributions
from Nuveen's municipal closed-end funds and portfolios are
generally exempt from regular Federal income taxes, and monthly
distributions of single-state municipal funds and portfolios are
also exempt from state and, in some cases, local income taxes for
in-state residents. Unless otherwise stated in the funds'
objectives, monthly distributions of the municipal funds and
portfolios may be subject to the Federal Alternative Minimum Tax
for some shareholders. All of Nuveens funds seek to pay stable
distributions at rates that reflect each funds past results and
projected future performance. During certain periods, each fund may
pay distributions at a rate that may be more or less than the
amount of net investment income actually earned by the fund during
the period. If a fund cumulatively earned more than it has paid in
distributions, it holds the excess in reserve as undistributed net
investment income (UNII) as part of the funds net asset value
(NAV). Conversely, if a fund has cumulatively paid distributions in
excess of its earnings, the excess constitutes negative UNII that
is likewise reflected in the funds NAV. Each fund will, over time,
pay all of its net investment income as distributions to
shareholders. The funds positive or negative UNII balances are
disclosed from time to time in their periodic shareholder reports,
and are also on www.nuveen.com/cef In addition, distributions for
certain funds investing in real estate investment trusts (REITs)
may later be characterized as capital gains and/or a return of
capital, depending on the character of the dividends reported to
each fund after year-end by REIT securities held by each fund. The
Nuveen preferred securities funds, JTP, JPS and JHP may invest in
REITs; a list of funds that are likely to be affected by
re-characterization is posted to www.nuveen.com each January, and
updated tax characteristics are posted to the web site and mailed
to shareholders via form 1099-DIV during the first quarter of the
year. Record Date January 15, 2012 Ex-Dividend
Date January 11, 2012 Payable Date February 1, 2012 Reinvest Date
February 1, 2012 Monthly Tax-Free Distribution Per Share Change
From Amount Previous Month Ticker Closed-End Portfolios NXP Select
Portfolio $.0595 - NXQ Select Portfolio 2 .0525 - NXR Select
Portfolio 3 .0550 - NXC CA Select Portfolio .0570 - NXN NY Select
Portfolio .0545 - Closed-End Funds Non-Leveraged Funds NUV
Municipal Value .0390 - NUW Municipal Value 2 .0710 - NCA CA
Municipal Value .0390 - NNY NY Municipal Value .0355 - NMI
Municipal Income .0475 - NIMF Select Maturities .0340 - NYV NY
Municipal Value 2 .0560 - NCB CA Municipal Value 2 .0665 - NJV NJ
Municipal Value .0640 - NPN PA Municipal Value .0565 -
Leveraged Funds National NPI Premium Income .0765 - NPP Performance
Plus .0800 - NMA Advantage .0825 - NMO Market Opportunity .0775 -
NQM Investment Quality .0840 - NQI Insured Quality .0750 - NQS
Select Quality .0860 - NQU Quality Income .0790 - NIO Insured
Opportunity .0730 - NPF Premier .0785 - NIF Premier Insured .0755 -
NPM Premium Income 2 .0795 - NPT Premium Income 4 .0710 -
Monthly Tax-Free Distribution Per Share Change From Amount Previous
Month NPX Insured Premium 2 .0620 - NAD Dividend Advantage .0760 -
NXZ Dividend Advantage 2 .0800 - NZF Dividend Advantage 3 .0820 -
NVG Insured Dividend Advantage .0750 - NEA Insured Tax-Free
Advantage .0700 - NMZ High Income Opportunity Fund .0730 - NMD High
Income Opportunity Fund 2 .0655 - NEV Enhanced Municipal Value Fund
.0800 - California NCP Performance Plus .0815 - NCO Market
Opportunity .0800 - NQC Investment Quality .0830 - NVC Select
Quality .0860 - NUC Quality Income .0875 - NPC Insured Premium
Income .0725 - NCL Insured Premium Income 2 .0755 - NCU Premium
Income .0725 - NAC Dividend Advantage .0770 - NVX Dividend
Advantage 2 .0800 - NZH Dividend Advantage 3 .0750 - NKL Insured
Dividend Advantage .0830 - NKX Insured Tax-Free Advantage .0710 -
New York NNP Performance Plus .0735 - NQN Investment Quality .0690
- NVN Select Quality .0725 - NUN Quality Income .0730 - NNF Insured
Premium Income .0695 - NAN Dividend Advantage .0655 - NXK Dividend
Advantage 2 .0665 - NKO Insured Dividend Advantage .0680 - NRK
Insured Tax-Free Advantage .0585 - Other State Funds NAZ AZ Premium
Income .0640 - NFZ AZ Dividend Advantage .0645 - NKR AZ Dividend
Advantage 2 .0670 - NXE AZ Dividend Advantage 3 .0630 - NTC CT
Premium Income .0590 - NFC CT Dividend Advantage .0605 - NGK CT
Dividend Advantage 2 .0625 - NGO CT Dividend Advantage 3 .0575 -
NPG GA Premium Income .0565 - NZX GA Dividend Advantage .0610 - NKG
GA Dividend Advantage 2 .0575 - NMY MD Premium Income .0645 - NFM
MD Dividend Advantage .0650 - NZR MD Dividend Advantage 2 .0660 -
NWI MD Dividend Advantage 3 .0630 - NMT MA Premium Income .0650 -
Monthly Tax-Free Distribution Per Share Change From Amount
Previous Month NMB MA Dividend Advantage .0610 - NGX Insured MA
Tax-Free Advantage .0570 - NUM MI Quality Income .0740 - NMP MI
Premium Income .0730 - NZW MI Dividend Advantage .0670 - NOM MO
Premium Income .0650 - NQJ NJ Investment Quality .0705 - NNJ NJ
Premium Income .0725 - NXJ NJ Dividend Advantage .0695 - NUJ NJ
Dividend Advantage 2 .0715 - NNC NC Premium Income .0585 - NRB NC
Dividend Advantage .0660 - NNO NC Dividend Advantage 2 .0640 - NII
NC Dividend Advantage 3 .0625 - NUO OH Quality Income .0800 - NXI
OH Dividend Advantage .0735 - NBJ OH Dividend Advantage 2 .0700 -
NVJ OH Dividend Advantage 3 .0755 - NQP PA Investment Quality .0780
- NPY PA Premium Income 2 .0700 - NXM PA Dividend Advantage .0725 -
NVY PA Dividend Advantage 2 .0745 - NTX TX Quality Income .0715 -
NPV VA Premium Income .0670 - NGB VA Dividend Advantage .0640 - NNB
VA Dividend Advantage 2 .0660 - Monthly Taxable Distribution
Per Share Closed-End Funds: Change From Ticker Taxable Funds Amount
Previous Month Preferred Securities JTP Quality Preferred Income
Fund .0500 - JPS Quality Preferred Income Fund 2 .0550 - JHP
Quality Preferred Income Fund 3 .0520 - Floating Rate: Corporate
Loans NSL Senior Income Fund .0430 - JFR Floating Rate Income Fund
.0685 - JRO Floating Rate Income Opportunity Fund .0725 - JSD Short
Duration Credit Opportunities Fund .1135 - Floating Rate: Tax
Advantaged JFP Tax-Advantaged Floating Rate Fund .0100 -
Mortgage-Backed Securities JLS Mortgage Opportunity Term Fund .1725
- JMT Mortgage Opportunity Term Fund 2 .1725 - Taxable Municipal
NBB Build America Bond Fund .1170 - NBD Build America Bond
Opportunity Fund .1260 - The following dates apply to
today's distribution declarations for the following MTP Shares:
Record Date January 15, 2012 Ex-Dividend Date
January 11, 2012 Payable Date February 1, 2012 Ticker MuniFund Term
Preferred Monthly Tax-Free Distribution Per Share NVG PrC Nuveen
Insured Dividend Advantage Municipal Fund MTP $.024583 NGB PrC
Nuveen Virginia Dividend Advantage Municipal Fund MTP .023333 NNB
PrC Nuveen Virginia Dividend Advantage Municipal Fund 2 MTP .023333
NAN PrC Nuveen New York Dividend Advantage Municipal Fund MTP
.022500 NZH PrC Nuveen California Dividend Advantage Municipal Fund
3 MTP .024583 NEA PrC Nuveen Insured Tax-Free Advantage Municipal
Fund MTP .023750 NKG PrC Nuveen Georgia Dividend Advantage
Municipal Fund 2 MTP .022083 NMT PrC Nuveen Massachusetts Premium
Income Municipal Fund MTP .022083 NMY PrC Nuveen Maryland Premium
Income Municipal Fund MTP .022083 NNC PrC Nuveen North Carolina
Premium Income Municipal Fund MTP .022083 NPV PrC Nuveen Virginia
Premium Income Municipal Fund MTP .022083 NTC PrC Nuveen
Connecticut Premium Income Municipal Fund MTP .022083 NII PrC
Nuveen North Carolina Dividend Advantage Municipal Fund 3 MTP
.022083 NGO PrC Nuveen Connecticut Dividend Advantage Municipal
Fund 3 MTP .022083 NGX PrC Nuveen Insured Mass. Tax-Free Advantage
Municipal Fund MTP .022083 NPG PrC Nuveen Georgia Premium Income
Municipal Fund MTP .022083 NZX PrC Nuveen Georgia Dividend
Advantage Municipal Fund MTP .022083 NWI PrC Nuveen Maryland
Dividend Advantage Municipal Fund 3 MTP .022083 NAD PrC Nuveen
Dividend Advantage Municipal Fund MTP .022500 NMB PrC Nuveen
Massachusetts Dividend Advantage Municipal Fund MTP .021667 NRB PrC
Nuveen North Carolina Dividend Advantage Municipal Fund MTP .021667
NNO PrC Nuveen North Carolina Dividend Advantage Municipal Fund 2
MTP .021667 NFC PrC Nuveen Connecticut Dividend Advantage Municipal
Fund MTP .021667 NGK PrC Nuveen Connecticut Dividend Advantage
Municipal Fund 2 MTP .021667 NXK PrC Nuveen New York Dividend
Advantage Municipal Fund 2 MTP .021250 NRK PrC Nuveen Insured New
York Tax Free Advantage Municipal Fund MTP .021250 NFM PrC Nuveen
Maryland Dividend Advantage Municipal Fund MTP .021667 NZR PrC
Nuveen Maryland Dividend Advantage Municipal Fund 2 MTP .021667 NCU
PrC Nuveen California Premium Income Municipal Fund MTP .016667 NUJ
PrC Nuveen New Jersey Dividend Advantage Municipal Fund 2 MTP
.016667 NXM PrC Nuveen Pennsylvania Dividend Advantage Municipal
Fund MTP .017500 NKR PrC Nuveen Arizona Dividend Advantage
Municipal Fund 2 MTP .017083 NFZ PrC Nuveen Arizona Dividend
Advantage Municipal Fund MTP .017083 NVX PrC Nuveen California
Dividend Advantage Municipal Fund 2 MTP .017083 NVY PrC Nuveen
Pennsylvania Dividend Advantage Municipal Fund 2 MTP .017917 NTX
PrC Nuveen Texas Quality Income Municipal Fund MTP .019167 NOM PrC
Nuveen Missouri Premium Income Municipal Fund MTP .017500 NZW PrC
Nuveen Michigan Dividend Advantage Municipal Fund MTP .019167 NXI
PrC Nuveen Ohio Dividend Advantage Municipal Fund MTP .019583 NAN
PrD Nuveen New York Dividend Advantage Municipal Fund MTP .020833
NNC PrD Nuveen North Carolina Premium Income Municipal Fund MTP
.021667 NTC PrD Nuveen Connecticut Premium Income Municipal Fund
MTP .021250 NZF PrC Nuveen Dividend Advantage Municipal Fund 3 MTP
.023333 NMT PrD Nuveen Massachusetts Premium Income Municipal Fund
MTP .022917 NWI PrD Nuveen Maryland Dividend Advantage Municipal
Fund 3 MTP .023750 NXE PrC Nuveen Arizona Dividend Advantage
Municipal Fund 3 MTP .024167 NPV PrA Nuveen Virginia Premium Income
Municipal Fund MTP .018750 NMY PrD Nuveen Maryland Premium Income
Municipal Fund MTP .024167 NXI PrD Nuveen Ohio Dividend Advantage
Municipal Fund MTP .024583 NXJ PrA Nuveen New Jersey Dividend
Advantage Municipal Fund MTP .019167 NVX PrA Nuveen California
Dividend Advantage Municipal Fund 2 MTP .019583 NBJ PrA Nuveen Ohio
Dividend Advantage Municipal Fund 2 MTP .019583 NZH PrA Nuveen
California Dividend Advantage Municipal Fund 3 MTP .019583 NVJ PrA
Nuveen Ohio Dividend Advantage Municipal Fund 3 MTP .019583 NZH PrB
Nuveen California Dividend Advantage Municipal Fund 3 MTP .018750
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
affiliatesNuveen Asset Management, NWQ, Santa Barbara, Symphony,
Tradewinds and Winslow Capital. In total, Nuveen Investments
managed $207 billion as of October 31, 2011. For more information,
please visit the Nuveen Investments website at
www.nuveen.com.
services to institutions as well as individual investors, today
announced that 113 Nuveen closed-end funds had declared regular
monthly distributions. These funds represent a broad range of
tax-exempt, taxable fixed and floating rate income investment
strategies for investors seeking to build sophisticated and
diversified long-term investment portfolios for cash flow. The
funds monthly distributions are listed below. Monthly distributions
from Nuveen's municipal closed-end funds and portfolios are
generally exempt from regular Federal income taxes, and monthly
distributions of single-state municipal funds and portfolios are
also exempt from state and, in some cases, local income taxes for
in-state residents. Unless otherwise stated in the funds'
objectives, monthly distributions of the municipal funds and
portfolios may be subject to the Federal Alternative Minimum Tax
for some shareholders. All of Nuveens funds seek to pay stable
distributions at rates that reflect each funds past results and
projected future performance. During certain periods, each fund may
pay distributions at a rate that may be more or less than the
amount of net investment income actually earned by the fund during
the period. If a fund cumulatively earned more than it has paid in
distributions, it holds the excess in reserve as undistributed net
investment income (UNII) as part of the funds net asset value
(NAV). Conversely, if a fund has cumulatively paid distributions in
excess of its earnings, the excess constitutes negative UNII that
is likewise reflected in the funds NAV. Each fund will, over time,
pay all of its net investment income as distributions to
shareholders. The funds positive or negative UNII balances are
disclosed from time to time in their periodic shareholder reports,
and are also on www.nuveen.com/cef In addition, distributions for
certain funds investing in real estate investment trusts (REITs)
may later be characterized as capital gains and/or a return of
capital, depending on the character of the dividends reported to
each fund after year-end by REIT securities held by each fund. The
Nuveen preferred securities funds, JTP, JPS and JHP may invest in
REITs; a list of funds that are likely to be affected by
re-characterization is posted to www.nuveen.com each January, and
updated tax characteristics are posted to the web site and mailed
to shareholders via form 1099-DIV during the first quarter of the
year. Record Date January 15, 2012 Ex-Dividend
Date January 11, 2012 Payable Date February 1, 2012 Reinvest Date
February 1, 2012 Monthly Tax-Free Distribution Per Share Change
From Amount Previous Month Ticker Closed-End Portfolios NXP Select
Portfolio $.0595 - NXQ Select Portfolio 2 .0525 - NXR Select
Portfolio 3 .0550 - NXC CA Select Portfolio .0570 - NXN NY Select
Portfolio .0545 - Closed-End Funds Non-Leveraged Funds NUV
Municipal Value .0390 - NUW Municipal Value 2 .0710 - NCA CA
Municipal Value .0390 - NNY NY Municipal Value .0355 - NMI
Municipal Income .0475 - NIMF Select Maturities .0340 - NYV NY
Municipal Value 2 .0560 - NCB CA Municipal Value 2 .0665 - NJV NJ
Municipal Value .0640 - NPN PA Municipal Value .0565 -
Leveraged Funds National NPI Premium Income .0765 - NPP Performance
Plus .0800 - NMA Advantage .0825 - NMO Market Opportunity .0775 -
NQM Investment Quality .0840 - NQI Insured Quality .0750 - NQS
Select Quality .0860 - NQU Quality Income .0790 - NIO Insured
Opportunity .0730 - NPF Premier .0785 - NIF Premier Insured .0755 -
NPM Premium Income 2 .0795 - NPT Premium Income 4 .0710 -
Monthly Tax-Free Distribution Per Share Change From Amount Previous
Month NPX Insured Premium 2 .0620 - NAD Dividend Advantage .0760 -
NXZ Dividend Advantage 2 .0800 - NZF Dividend Advantage 3 .0820 -
NVG Insured Dividend Advantage .0750 - NEA Insured Tax-Free
Advantage .0700 - NMZ High Income Opportunity Fund .0730 - NMD High
Income Opportunity Fund 2 .0655 - NEV Enhanced Municipal Value Fund
.0800 - California NCP Performance Plus .0815 - NCO Market
Opportunity .0800 - NQC Investment Quality .0830 - NVC Select
Quality .0860 - NUC Quality Income .0875 - NPC Insured Premium
Income .0725 - NCL Insured Premium Income 2 .0755 - NCU Premium
Income .0725 - NAC Dividend Advantage .0770 - NVX Dividend
Advantage 2 .0800 - NZH Dividend Advantage 3 .0750 - NKL Insured
Dividend Advantage .0830 - NKX Insured Tax-Free Advantage .0710 -
New York NNP Performance Plus .0735 - NQN Investment Quality .0690
- NVN Select Quality .0725 - NUN Quality Income .0730 - NNF Insured
Premium Income .0695 - NAN Dividend Advantage .0655 - NXK Dividend
Advantage 2 .0665 - NKO Insured Dividend Advantage .0680 - NRK
Insured Tax-Free Advantage .0585 - Other State Funds NAZ AZ Premium
Income .0640 - NFZ AZ Dividend Advantage .0645 - NKR AZ Dividend
Advantage 2 .0670 - NXE AZ Dividend Advantage 3 .0630 - NTC CT
Premium Income .0590 - NFC CT Dividend Advantage .0605 - NGK CT
Dividend Advantage 2 .0625 - NGO CT Dividend Advantage 3 .0575 -
NPG GA Premium Income .0565 - NZX GA Dividend Advantage .0610 - NKG
GA Dividend Advantage 2 .0575 - NMY MD Premium Income .0645 - NFM
MD Dividend Advantage .0650 - NZR MD Dividend Advantage 2 .0660 -
NWI MD Dividend Advantage 3 .0630 - NMT MA Premium Income .0650 -
Monthly Tax-Free Distribution Per Share Change From Amount
Previous Month NMB MA Dividend Advantage .0610 - NGX Insured MA
Tax-Free Advantage .0570 - NUM MI Quality Income .0740 - NMP MI
Premium Income .0730 - NZW MI Dividend Advantage .0670 - NOM MO
Premium Income .0650 - NQJ NJ Investment Quality .0705 - NNJ NJ
Premium Income .0725 - NXJ NJ Dividend Advantage .0695 - NUJ NJ
Dividend Advantage 2 .0715 - NNC NC Premium Income .0585 - NRB NC
Dividend Advantage .0660 - NNO NC Dividend Advantage 2 .0640 - NII
NC Dividend Advantage 3 .0625 - NUO OH Quality Income .0800 - NXI
OH Dividend Advantage .0735 - NBJ OH Dividend Advantage 2 .0700 -
NVJ OH Dividend Advantage 3 .0755 - NQP PA Investment Quality .0780
- NPY PA Premium Income 2 .0700 - NXM PA Dividend Advantage .0725 -
NVY PA Dividend Advantage 2 .0745 - NTX TX Quality Income .0715 -
NPV VA Premium Income .0670 - NGB VA Dividend Advantage .0640 - NNB
VA Dividend Advantage 2 .0660 - Monthly Taxable Distribution
Per Share Closed-End Funds: Change From Ticker Taxable Funds Amount
Previous Month Preferred Securities JTP Quality Preferred Income
Fund .0500 - JPS Quality Preferred Income Fund 2 .0550 - JHP
Quality Preferred Income Fund 3 .0520 - Floating Rate: Corporate
Loans NSL Senior Income Fund .0430 - JFR Floating Rate Income Fund
.0685 - JRO Floating Rate Income Opportunity Fund .0725 - JSD Short
Duration Credit Opportunities Fund .1135 - Floating Rate: Tax
Advantaged JFP Tax-Advantaged Floating Rate Fund .0100 -
Mortgage-Backed Securities JLS Mortgage Opportunity Term Fund .1725
- JMT Mortgage Opportunity Term Fund 2 .1725 - Taxable Municipal
NBB Build America Bond Fund .1170 - NBD Build America Bond
Opportunity Fund .1260 - The following dates apply to
today's distribution declarations for the following MTP Shares:
Record Date January 15, 2012 Ex-Dividend Date
January 11, 2012 Payable Date February 1, 2012 Ticker MuniFund Term
Preferred Monthly Tax-Free Distribution Per Share NVG PrC Nuveen
Insured Dividend Advantage Municipal Fund MTP $.024583 NGB PrC
Nuveen Virginia Dividend Advantage Municipal Fund MTP .023333 NNB
PrC Nuveen Virginia Dividend Advantage Municipal Fund 2 MTP .023333
NAN PrC Nuveen New York Dividend Advantage Municipal Fund MTP
.022500 NZH PrC Nuveen California Dividend Advantage Municipal Fund
3 MTP .024583 NEA PrC Nuveen Insured Tax-Free Advantage Municipal
Fund MTP .023750 NKG PrC Nuveen Georgia Dividend Advantage
Municipal Fund 2 MTP .022083 NMT PrC Nuveen Massachusetts Premium
Income Municipal Fund MTP .022083 NMY PrC Nuveen Maryland Premium
Income Municipal Fund MTP .022083 NNC PrC Nuveen North Carolina
Premium Income Municipal Fund MTP .022083 NPV PrC Nuveen Virginia
Premium Income Municipal Fund MTP .022083 NTC PrC Nuveen
Connecticut Premium Income Municipal Fund MTP .022083 NII PrC
Nuveen North Carolina Dividend Advantage Municipal Fund 3 MTP
.022083 NGO PrC Nuveen Connecticut Dividend Advantage Municipal
Fund 3 MTP .022083 NGX PrC Nuveen Insured Mass. Tax-Free Advantage
Municipal Fund MTP .022083 NPG PrC Nuveen Georgia Premium Income
Municipal Fund MTP .022083 NZX PrC Nuveen Georgia Dividend
Advantage Municipal Fund MTP .022083 NWI PrC Nuveen Maryland
Dividend Advantage Municipal Fund 3 MTP .022083 NAD PrC Nuveen
Dividend Advantage Municipal Fund MTP .022500 NMB PrC Nuveen
Massachusetts Dividend Advantage Municipal Fund MTP .021667 NRB PrC
Nuveen North Carolina Dividend Advantage Municipal Fund MTP .021667
NNO PrC Nuveen North Carolina Dividend Advantage Municipal Fund 2
MTP .021667 NFC PrC Nuveen Connecticut Dividend Advantage Municipal
Fund MTP .021667 NGK PrC Nuveen Connecticut Dividend Advantage
Municipal Fund 2 MTP .021667 NXK PrC Nuveen New York Dividend
Advantage Municipal Fund 2 MTP .021250 NRK PrC Nuveen Insured New
York Tax Free Advantage Municipal Fund MTP .021250 NFM PrC Nuveen
Maryland Dividend Advantage Municipal Fund MTP .021667 NZR PrC
Nuveen Maryland Dividend Advantage Municipal Fund 2 MTP .021667 NCU
PrC Nuveen California Premium Income Municipal Fund MTP .016667 NUJ
PrC Nuveen New Jersey Dividend Advantage Municipal Fund 2 MTP
.016667 NXM PrC Nuveen Pennsylvania Dividend Advantage Municipal
Fund MTP .017500 NKR PrC Nuveen Arizona Dividend Advantage
Municipal Fund 2 MTP .017083 NFZ PrC Nuveen Arizona Dividend
Advantage Municipal Fund MTP .017083 NVX PrC Nuveen California
Dividend Advantage Municipal Fund 2 MTP .017083 NVY PrC Nuveen
Pennsylvania Dividend Advantage Municipal Fund 2 MTP .017917 NTX
PrC Nuveen Texas Quality Income Municipal Fund MTP .019167 NOM PrC
Nuveen Missouri Premium Income Municipal Fund MTP .017500 NZW PrC
Nuveen Michigan Dividend Advantage Municipal Fund MTP .019167 NXI
PrC Nuveen Ohio Dividend Advantage Municipal Fund MTP .019583 NAN
PrD Nuveen New York Dividend Advantage Municipal Fund MTP .020833
NNC PrD Nuveen North Carolina Premium Income Municipal Fund MTP
.021667 NTC PrD Nuveen Connecticut Premium Income Municipal Fund
MTP .021250 NZF PrC Nuveen Dividend Advantage Municipal Fund 3 MTP
.023333 NMT PrD Nuveen Massachusetts Premium Income Municipal Fund
MTP .022917 NWI PrD Nuveen Maryland Dividend Advantage Municipal
Fund 3 MTP .023750 NXE PrC Nuveen Arizona Dividend Advantage
Municipal Fund 3 MTP .024167 NPV PrA Nuveen Virginia Premium Income
Municipal Fund MTP .018750 NMY PrD Nuveen Maryland Premium Income
Municipal Fund MTP .024167 NXI PrD Nuveen Ohio Dividend Advantage
Municipal Fund MTP .024583 NXJ PrA Nuveen New Jersey Dividend
Advantage Municipal Fund MTP .019167 NVX PrA Nuveen California
Dividend Advantage Municipal Fund 2 MTP .019583 NBJ PrA Nuveen Ohio
Dividend Advantage Municipal Fund 2 MTP .019583 NZH PrA Nuveen
California Dividend Advantage Municipal Fund 3 MTP .019583 NVJ PrA
Nuveen Ohio Dividend Advantage Municipal Fund 3 MTP .019583 NZH PrB
Nuveen California Dividend Advantage Municipal Fund 3 MTP .018750
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
affiliatesNuveen Asset Management, NWQ, Santa Barbara, Symphony,
Tradewinds and Winslow Capital. In total, Nuveen Investments
managed $207 billion as of October 31, 2011. For more information,
please visit the Nuveen Investments website at
www.nuveen.com.
YCharts Hires Wall Street Journal-New York Times Veteran Jeff Bailey as Editor
YCharts.com has named Jeff Bailey as its editor, as the
investor-information company moves to rapidly expand its news and
content offerings. Bailey is a former editor, columnist and
reporter at the Wall Street Journal, where he spent 20 years, and
also worked as a staff financial reporter at the New York Times and
Los Angeles Times. He was also the editor of Crains Chicago
Business, and has written for national business and
general-interest magazines. Jeff brings deep financial journalism
experience and the ability to produce sophisticated business
coverage to our company, said Shawn Carpenter, founder and CEO of
YCharts. He has been acting as our editor on a consulting basis
since 2010, and now will work full-time to lead our expansion of
content to better serve the more than 400,000 investors who visit
YCharts each month. Bringing Jeff aboard shows how serious we are
about delivering smart content. YCharts closed a second round of
funding in December, a move that will allow the company to
accelerate its already-rapid growth since its founding in 2009.
YCharts offers investors the easiest-to-use charting software on
the web for more than 5,000 publicly-traded stocks and scores of
economic indicators. Most of this data is free to users, and
subscribers get access to an even more in-depth data set.
Morningstar is among YCharts major investors. YCharts daily email
includes an investment-focused article, illustrated with YCharts
data, and is syndicated across the web and published by the likes
of Google Finance, Yahoo Finance, Forbes.com, SeekingAlpha, Motley
Fool and others. The content and use of charts from YCharts is also
available to newspapers and other financial publications for online
or printed distribution. As a financial journalist for three
decades, Ive been stunned at how easy to use and comprehensive
YCharts is. Seeing so much data in chart form really accelerates
your understanding of a company or industry, and its prospects,
Bailey said. For the millions of individual investors who choose to
make their own investment decisions and for the professionals who
serve them YCharts makes rational comparisons and smart decisions a
lot easier.
investor-information company moves to rapidly expand its news and
content offerings. Bailey is a former editor, columnist and
reporter at the Wall Street Journal, where he spent 20 years, and
also worked as a staff financial reporter at the New York Times and
Los Angeles Times. He was also the editor of Crains Chicago
Business, and has written for national business and
general-interest magazines. Jeff brings deep financial journalism
experience and the ability to produce sophisticated business
coverage to our company, said Shawn Carpenter, founder and CEO of
YCharts. He has been acting as our editor on a consulting basis
since 2010, and now will work full-time to lead our expansion of
content to better serve the more than 400,000 investors who visit
YCharts each month. Bringing Jeff aboard shows how serious we are
about delivering smart content. YCharts closed a second round of
funding in December, a move that will allow the company to
accelerate its already-rapid growth since its founding in 2009.
YCharts offers investors the easiest-to-use charting software on
the web for more than 5,000 publicly-traded stocks and scores of
economic indicators. Most of this data is free to users, and
subscribers get access to an even more in-depth data set.
Morningstar is among YCharts major investors. YCharts daily email
includes an investment-focused article, illustrated with YCharts
data, and is syndicated across the web and published by the likes
of Google Finance, Yahoo Finance, Forbes.com, SeekingAlpha, Motley
Fool and others. The content and use of charts from YCharts is also
available to newspapers and other financial publications for online
or printed distribution. As a financial journalist for three
decades, Ive been stunned at how easy to use and comprehensive
YCharts is. Seeing so much data in chart form really accelerates
your understanding of a company or industry, and its prospects,
Bailey said. For the millions of individual investors who choose to
make their own investment decisions and for the professionals who
serve them YCharts makes rational comparisons and smart decisions a
lot easier.
7-Eleven Australia Chooses KSS Fuels Pricing Solution
KSS Fuels announced today that 7-Eleven Australia will
implement PriceNet within its recently expanded Australian retail
network of over 400 fuel sites. PriceNet will streamline the fuels
pricing process and deliver the real-time information needed to
enhance fuel pricing decisions at every store. KSS Fuels PriceNet
is a complete end to end pricing solution capable of meeting
7-Elevens business needs in one of the most dynamic and challenging
retail markets in the world. In addition to the core PriceNet fuel
price management system, 7-Eleven Australia will implement PriceNet
Web, to facilitate rapid communication with store personnel and the
KSS Analytics dashboards for continuous performance monitoring.
This is a significant milestone in our growth in Asia-Pacific and
follows a major commitment of resources to enhancing our business
in the region, stated Huw Carey, vice president account sales
responsible for KSS Fuels business in Asia-Pacific. "Were delighted
to welcome 7-Eleven Australia, a global leader in petroleum and
convenience retailing, as our latest PriceNet customer," said Bob
Stein, president and chief executive officer of KSS Fuels. This new
partnership strengthens our presence in Australia, a key part of
our growth strategy to deliver KSS Fuels pricing and location
intelligence products and services to retailers in the Asia-Pacific
region. As the leading convenience retailer in Australia we are
constantly looking for business solutions that help enhance the
customer experience as well as deliver on our corporate performance
goals. PriceNet will significantly improve our fuel price
management capabilities and enable us to respond quickly and more
effectively to market changes, stated Warren Wilmot, Chief
Executive Officer of 7-Eleven Australia. PriceNet is a
comprehensive pricing solution that streamlines the pricing
process, from competitor surveys to price change at POS, pump and
sign, delivering pricing in minutes. High levels of automation and
an exception-based approach ensure a rapid response to competitors
and market conditions and allow pricing analysts to leverage the
power of price optimization. A family of products, PriceNet
includes modules for increased mobility and analytic dashboards to
support real-time fuels pricing and performance monitoring via
handheld mobile devices. About 7-Eleven Australia 7-Eleven Pty Ltd,
Australias First choice in convenience, is a private company owned
by the Withers/Barlow family. The company has a license to operate
and franchise 7-Eleven stores in Australia from the US based
7-Eleven Inc. The first Australian store was opened in August 1977.
Today 7-Eleven Pty Ltd. operates more than 600 stores along the
eastern seaboard, including over 200 recently acquired Mobil/Quix
sites that are being progressively converted into 7-Eleven stores.
Worldwide 7-Eleven operates more than 40,000 stores in 16
countries, and is opening approximately six stores per day
somewhere in the world. Through its 600+ stores, 7-Eleven Pty Ltd.
will conduct more than 160 million transactions a year, serving an
average 6 customers per second, generating sales of approximately
$3 billion. About KSS Fuels KSS Fuels is the leading global
provider of fuels pricing and retail network planning software,
analytics and consulting services to companies in the oil gas,
convenience store, grocery and retail industries. KSS Fuels helps
fuel retailers, distributors and marketers implement effective
pricing solutions to increase profitability and analyze retail
networks to pinpoint growth opportunities and optimize capital
investment to enhance operational performance. The company has
North American headquarters in Florham Park, NJ as well as regional
offices in Florida, Illinois, Ohio, Oklahoma and Texas and
international operations in Brazil, Canada, China, India, Japan,
Korea and Africa, with headquarters in Manchester, United Kingdom.
For more information about KSS Fuels, please visit
www.kssfuels.com.
implement PriceNet within its recently expanded Australian retail
network of over 400 fuel sites. PriceNet will streamline the fuels
pricing process and deliver the real-time information needed to
enhance fuel pricing decisions at every store. KSS Fuels PriceNet
is a complete end to end pricing solution capable of meeting
7-Elevens business needs in one of the most dynamic and challenging
retail markets in the world. In addition to the core PriceNet fuel
price management system, 7-Eleven Australia will implement PriceNet
Web, to facilitate rapid communication with store personnel and the
KSS Analytics dashboards for continuous performance monitoring.
This is a significant milestone in our growth in Asia-Pacific and
follows a major commitment of resources to enhancing our business
in the region, stated Huw Carey, vice president account sales
responsible for KSS Fuels business in Asia-Pacific. "Were delighted
to welcome 7-Eleven Australia, a global leader in petroleum and
convenience retailing, as our latest PriceNet customer," said Bob
Stein, president and chief executive officer of KSS Fuels. This new
partnership strengthens our presence in Australia, a key part of
our growth strategy to deliver KSS Fuels pricing and location
intelligence products and services to retailers in the Asia-Pacific
region. As the leading convenience retailer in Australia we are
constantly looking for business solutions that help enhance the
customer experience as well as deliver on our corporate performance
goals. PriceNet will significantly improve our fuel price
management capabilities and enable us to respond quickly and more
effectively to market changes, stated Warren Wilmot, Chief
Executive Officer of 7-Eleven Australia. PriceNet is a
comprehensive pricing solution that streamlines the pricing
process, from competitor surveys to price change at POS, pump and
sign, delivering pricing in minutes. High levels of automation and
an exception-based approach ensure a rapid response to competitors
and market conditions and allow pricing analysts to leverage the
power of price optimization. A family of products, PriceNet
includes modules for increased mobility and analytic dashboards to
support real-time fuels pricing and performance monitoring via
handheld mobile devices. About 7-Eleven Australia 7-Eleven Pty Ltd,
Australias First choice in convenience, is a private company owned
by the Withers/Barlow family. The company has a license to operate
and franchise 7-Eleven stores in Australia from the US based
7-Eleven Inc. The first Australian store was opened in August 1977.
Today 7-Eleven Pty Ltd. operates more than 600 stores along the
eastern seaboard, including over 200 recently acquired Mobil/Quix
sites that are being progressively converted into 7-Eleven stores.
Worldwide 7-Eleven operates more than 40,000 stores in 16
countries, and is opening approximately six stores per day
somewhere in the world. Through its 600+ stores, 7-Eleven Pty Ltd.
will conduct more than 160 million transactions a year, serving an
average 6 customers per second, generating sales of approximately
$3 billion. About KSS Fuels KSS Fuels is the leading global
provider of fuels pricing and retail network planning software,
analytics and consulting services to companies in the oil gas,
convenience store, grocery and retail industries. KSS Fuels helps
fuel retailers, distributors and marketers implement effective
pricing solutions to increase profitability and analyze retail
networks to pinpoint growth opportunities and optimize capital
investment to enhance operational performance. The company has
North American headquarters in Florham Park, NJ as well as regional
offices in Florida, Illinois, Ohio, Oklahoma and Texas and
international operations in Brazil, Canada, China, India, Japan,
Korea and Africa, with headquarters in Manchester, United Kingdom.
For more information about KSS Fuels, please visit
www.kssfuels.com.
A.M. Best Places Ratings of Optima Insurance Company Under Review with Positive Implications
A.M. Best Co. has placed under review with positive
implications the financial strength rating of B++ (Good) and issuer
credit rating of bbb of Optima Insurance Company (Optima) (San
Juan, PR), following the recent announcement that a subsidiary of
QBE Insurance Group Limited (QBE) (Sydney, Australia) has agreed to
acquire Optima Insurance Group, Inc., the parent company of Optima.
The under review with positive implications status reflects
confirmation of an executed stock purchase agreement between the
parties, and that 100% of the stock of Puerto Rico-based Optima
Insurance Group, Inc. and its wholly owned subsidiary, Optima, will
be acquired by QBE through QBE Latin America Insurance Holdings,
S.L. QBE also acquired an affiliated agency, Colonial Insurance
Agency, through which Optima derives approximately 85% of its
written premium. Additionally, QBE purchased New Century Finance
Corp, a premium finance agency. Neither of these entities is owned
by Optima Insurance Group, Inc., however; they are owned by common
stockholders of Optima. While the agreement remains subject to
regulatory approval, both parties anticipate the transaction to
close during the first quarter of 2012. The ratings will remain
under review with positive implications pending regulatory
approval, the completion of a planned intercompany quota share
agreement provided by the QBE organization and additional
discussions with the new ownership to determine Optimas strategic
fit within QBE, a much larger, more diversified organization. The
principal methodology used in determining these ratings is Bests
Credit Rating Methodology -- Global Life and Non-Life Insurance
Edition, which provides a comprehensive explanation of A.M. Bests
rating process and highlights the different rating criteria
employed. Additional key criteria utilized include: Risk Management
and the Rating Process for Insurance Companies; Understanding BCAR
for Property/Casualty Insurers; A.M. Bests Ratings The Treatment of
Debt; Equity Credit for Hybrid Securities; and Natural Catastrophe
Stress Test Methodology. Methodologies can be found at
www.ambest.com/ratings/methodology. Founded in 1899, A.M. Best
Company is the worlds oldest and most authoritative insurance
rating and information source. For more information, visit
www.ambest.com. Copyright 2012 by A.M. Best Company, Inc. ALL
RIGHTS RESERVED.
implications the financial strength rating of B++ (Good) and issuer
credit rating of bbb of Optima Insurance Company (Optima) (San
Juan, PR), following the recent announcement that a subsidiary of
QBE Insurance Group Limited (QBE) (Sydney, Australia) has agreed to
acquire Optima Insurance Group, Inc., the parent company of Optima.
The under review with positive implications status reflects
confirmation of an executed stock purchase agreement between the
parties, and that 100% of the stock of Puerto Rico-based Optima
Insurance Group, Inc. and its wholly owned subsidiary, Optima, will
be acquired by QBE through QBE Latin America Insurance Holdings,
S.L. QBE also acquired an affiliated agency, Colonial Insurance
Agency, through which Optima derives approximately 85% of its
written premium. Additionally, QBE purchased New Century Finance
Corp, a premium finance agency. Neither of these entities is owned
by Optima Insurance Group, Inc., however; they are owned by common
stockholders of Optima. While the agreement remains subject to
regulatory approval, both parties anticipate the transaction to
close during the first quarter of 2012. The ratings will remain
under review with positive implications pending regulatory
approval, the completion of a planned intercompany quota share
agreement provided by the QBE organization and additional
discussions with the new ownership to determine Optimas strategic
fit within QBE, a much larger, more diversified organization. The
principal methodology used in determining these ratings is Bests
Credit Rating Methodology -- Global Life and Non-Life Insurance
Edition, which provides a comprehensive explanation of A.M. Bests
rating process and highlights the different rating criteria
employed. Additional key criteria utilized include: Risk Management
and the Rating Process for Insurance Companies; Understanding BCAR
for Property/Casualty Insurers; A.M. Bests Ratings The Treatment of
Debt; Equity Credit for Hybrid Securities; and Natural Catastrophe
Stress Test Methodology. Methodologies can be found at
www.ambest.com/ratings/methodology. Founded in 1899, A.M. Best
Company is the worlds oldest and most authoritative insurance
rating and information source. For more information, visit
www.ambest.com. Copyright 2012 by A.M. Best Company, Inc. ALL
RIGHTS RESERVED.
Citi Introduces First Facebook App to Make Rewards Social
Citi today announced the first Facebook application from a
loyalty program that is both a rewarding and social experience: the
Citi ThankYou Point Sharing App. This new Facebook app makes it
quick and easy for ThankYou Rewards members who are Facebook
friends to pool their points together, and use their points
collective value towards a shared goal or reward. ThankYou members
on Facebook can combine their points to make a charitable donation,
or choose from millions of rewards on www.thankyou.com, from travel
to electronics. As our ThankYou members imagine all the ways to use
their points this year, this app extends the possibilities, said
Ralph Andretta, Head of Co Brands and Loyalty at Citi Cards. With
the new ability to pool points together through their social
networks, ThankYou members can rally their friends towards a bigger
reward whether they are interested in combining points to book a
weekend getaway or supporting a common cause. Citi Gives Away 10
Million Points In Celebration of ThankYou Point Sharing App To
celebrate the ThankYou Point Sharing App launch, Citi is giving 10
million ThankYou points to qualifying ThankYou members on Facebook.
The first 4,000 ThankYou members to link the ThankYou Point Sharing
App to their personal Facebook page before 11:59 p.m. ET on
February 3, 2012 will receive 2,500 ThankYou points courtesy of
Citi. They can use the 2,500 points towards a number of individual
rewards, such as digital books and music downloads. To participate,
individuals must be a Citi ThankYou Rewards member and link the
ThankYou Point Sharing App to their personal Facebook page.
ThankYou members who are awarded 2,500 points will see them in
their ThankYou account within 72 hours after it has been linked to
the Facebook app. Citi ThankYou Point Sharing App Heres how the
Citi ThankYou Point Sharing App works: Visit the Citibank Facebook
page (www.facebook.com/citibank/) and view the ThankYou Point
Sharing tab to link the app to your ThankYou account. ThankYou
members will be prompted to enter their username and password to
log in to their accounts. Start a pool of points for an individual,
group or cause and set a goal. For example, the goal could be for a
large group donation to a charitable organization, or points
required for a specific reward from the ThankYou catalog. The app
also enables members to highlight a desired item on their ThankYou
Wishlist when setting a goal for the pool. Members can select a
specific amount of ThankYou points they would like to contribute to
the pool. They can invite any number of Facebook friends who are
ThankYou members to join the pool. All participants in a point pool
must have the Facebook app linked to their ThankYou account. They
also have the option to share a Facebook wall post after creating a
point pool to encourage friends and family to join and contribute.
Members can track progress towards the goal for their points pool
on the app, which displays a percentage of each goal reached. Citi
is constantly listening to our clients as part of our commitment to
deliver rewarding experiences that fit into their increasingly
digital world. This new app is a first in the marketplace and a
fun, flexible way to share ThankYou points as well as rewarding
experiences with friends and family, said Andretta. In order to
participate in a point pool by sharing or contributing points, or
to receive ThankYou points, you must be a registered ThankYou
member. Any person with a Citi credit card with ThankYou Rewards or
a Citibank checking account that has been enrolled in ThankYou
Rewards can easily register by visiting www.thankyou.com. For
information on how to become a ThankYou member please visit How it
Works at www.thankyou.com. About Citi Thank You Citi ThankYou
Rewards provides Citi clients with multiple ways to earn points
quickly and flexibility to choose from more than a million rewards.
Last year, Citi introduced several features to enhance the ThankYou
experience including: an expanded Bonus Center, a Travel Center
featuring no blackout dates, and the ability to transfer points to
friends and family who are ThankYou members free of charge. Citi
also recently introduced the ThankYou Rewards App, which lets
members browse and redeem rewards on their mobile phone and pick up
Best Buy merchandise at any U.S. Best Buy store location on the
same day. In addition to the ThankYou rewards catalog, members can
also work with a Wish Specialist(SM) to custom build rewards based
on their needs and interests ranging from home entertainment
systems to kayak lessons. For more information, please visit
www.thankyou.com. About Citi Citi, the leading global financial
services company, has approximately 200 million customer accounts
and does business in more than 160 countries and jurisdictions.
Citi provides consumers, corporations, governments and institutions
with a broad range of financial products and services, including
consumer banking and credit, corporate and investment banking,
securities brokerage, transaction services, and wealth management.
Links: Follow us on Facebook: http://www.facebook.com/citibank/
Citi ThankYou Rewards: thankyou.com/ Follow us on Twitter:
http://twitter.com/citibank/ Citi, Citi with Arc Design, ThankYou,
Citi ThankYou and Citi ThankYou Rewards Design are registered
service marks, and Wish Specialist is a service mark, of Citigroup
Inc.
loyalty program that is both a rewarding and social experience: the
Citi ThankYou Point Sharing App. This new Facebook app makes it
quick and easy for ThankYou Rewards members who are Facebook
friends to pool their points together, and use their points
collective value towards a shared goal or reward. ThankYou members
on Facebook can combine their points to make a charitable donation,
or choose from millions of rewards on www.thankyou.com, from travel
to electronics. As our ThankYou members imagine all the ways to use
their points this year, this app extends the possibilities, said
Ralph Andretta, Head of Co Brands and Loyalty at Citi Cards. With
the new ability to pool points together through their social
networks, ThankYou members can rally their friends towards a bigger
reward whether they are interested in combining points to book a
weekend getaway or supporting a common cause. Citi Gives Away 10
Million Points In Celebration of ThankYou Point Sharing App To
celebrate the ThankYou Point Sharing App launch, Citi is giving 10
million ThankYou points to qualifying ThankYou members on Facebook.
The first 4,000 ThankYou members to link the ThankYou Point Sharing
App to their personal Facebook page before 11:59 p.m. ET on
February 3, 2012 will receive 2,500 ThankYou points courtesy of
Citi. They can use the 2,500 points towards a number of individual
rewards, such as digital books and music downloads. To participate,
individuals must be a Citi ThankYou Rewards member and link the
ThankYou Point Sharing App to their personal Facebook page.
ThankYou members who are awarded 2,500 points will see them in
their ThankYou account within 72 hours after it has been linked to
the Facebook app. Citi ThankYou Point Sharing App Heres how the
Citi ThankYou Point Sharing App works: Visit the Citibank Facebook
page (www.facebook.com/citibank/) and view the ThankYou Point
Sharing tab to link the app to your ThankYou account. ThankYou
members will be prompted to enter their username and password to
log in to their accounts. Start a pool of points for an individual,
group or cause and set a goal. For example, the goal could be for a
large group donation to a charitable organization, or points
required for a specific reward from the ThankYou catalog. The app
also enables members to highlight a desired item on their ThankYou
Wishlist when setting a goal for the pool. Members can select a
specific amount of ThankYou points they would like to contribute to
the pool. They can invite any number of Facebook friends who are
ThankYou members to join the pool. All participants in a point pool
must have the Facebook app linked to their ThankYou account. They
also have the option to share a Facebook wall post after creating a
point pool to encourage friends and family to join and contribute.
Members can track progress towards the goal for their points pool
on the app, which displays a percentage of each goal reached. Citi
is constantly listening to our clients as part of our commitment to
deliver rewarding experiences that fit into their increasingly
digital world. This new app is a first in the marketplace and a
fun, flexible way to share ThankYou points as well as rewarding
experiences with friends and family, said Andretta. In order to
participate in a point pool by sharing or contributing points, or
to receive ThankYou points, you must be a registered ThankYou
member. Any person with a Citi credit card with ThankYou Rewards or
a Citibank checking account that has been enrolled in ThankYou
Rewards can easily register by visiting www.thankyou.com. For
information on how to become a ThankYou member please visit How it
Works at www.thankyou.com. About Citi Thank You Citi ThankYou
Rewards provides Citi clients with multiple ways to earn points
quickly and flexibility to choose from more than a million rewards.
Last year, Citi introduced several features to enhance the ThankYou
experience including: an expanded Bonus Center, a Travel Center
featuring no blackout dates, and the ability to transfer points to
friends and family who are ThankYou members free of charge. Citi
also recently introduced the ThankYou Rewards App, which lets
members browse and redeem rewards on their mobile phone and pick up
Best Buy merchandise at any U.S. Best Buy store location on the
same day. In addition to the ThankYou rewards catalog, members can
also work with a Wish Specialist(SM) to custom build rewards based
on their needs and interests ranging from home entertainment
systems to kayak lessons. For more information, please visit
www.thankyou.com. About Citi Citi, the leading global financial
services company, has approximately 200 million customer accounts
and does business in more than 160 countries and jurisdictions.
Citi provides consumers, corporations, governments and institutions
with a broad range of financial products and services, including
consumer banking and credit, corporate and investment banking,
securities brokerage, transaction services, and wealth management.
Links: Follow us on Facebook: http://www.facebook.com/citibank/
Citi ThankYou Rewards: thankyou.com/ Follow us on Twitter:
http://twitter.com/citibank/ Citi, Citi with Arc Design, ThankYou,
Citi ThankYou and Citi ThankYou Rewards Design are registered
service marks, and Wish Specialist is a service mark, of Citigroup
Inc.
Fiserv to Release Fourth Quarter and Year-End Earnings Results for 2011 on February 2, 2012
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of
financial services technology solutions, will announce its
financial results for the fourth quarter and full year of 2011
after the close of regular market trading on Thursday, February 2,
2012. The company will provide a live webcast of its earnings
conference call over the Internet at 4 p.m. CST on February 2,
2012. The live webcast and archived replay can be accessed at
www.fiserv.com. Those wishing to listen to the discussion should
log on ten minutes before the start of the call. An archive of the
call will be available approximately one hour after the call
concludes. About Fiserv Fiserv, Inc. (NASDAQ: FISV) is a leading
global technology provider serving the financial services industry.
Fiserv is driving innovation in payments, processing services, risk
and compliance, customer and channel management, and business
insights and optimization. For six of the past eight years, Fiserv
ranked No. 1 on the FinTech 100, an annual international listing of
the top technology providers to the financial services industry.
For more information, visit www.fiserv.com. FISV-G
financial services technology solutions, will announce its
financial results for the fourth quarter and full year of 2011
after the close of regular market trading on Thursday, February 2,
2012. The company will provide a live webcast of its earnings
conference call over the Internet at 4 p.m. CST on February 2,
2012. The live webcast and archived replay can be accessed at
www.fiserv.com. Those wishing to listen to the discussion should
log on ten minutes before the start of the call. An archive of the
call will be available approximately one hour after the call
concludes. About Fiserv Fiserv, Inc. (NASDAQ: FISV) is a leading
global technology provider serving the financial services industry.
Fiserv is driving innovation in payments, processing services, risk
and compliance, customer and channel management, and business
insights and optimization. For six of the past eight years, Fiserv
ranked No. 1 on the FinTech 100, an annual international listing of
the top technology providers to the financial services industry.
For more information, visit www.fiserv.com. FISV-G
Tier Technologies, Inc., Changes its Name to Official Payments Holdings, Inc., Effective January 3, 2012
Tier Technologies, Inc. (Nasdaq: TIER), a leading provider of
electronic payment solutions for the biller direct market, today
announced that it has completed its name change to Official
Payments Holdings, Inc. The name change was previously approved by
shareholders. Effective Wednesday, January 4, 2012, Official
Payments Holdings, Inc., will trade under the new Nasdaq ticker
symbol OPAY. Official Payments Corporation remains a wholly owned
subsidiary of Official Payments Holdings, Inc. Adopting our new
name completes the transition to a company that is singularly
focused on providing enhanced payment solutions, said Alex P. Hart,
President and CEO. Most of our clients and customers have known us
by our Official Payments brand for years. This new corporate name
both simplifies and strengthens our branding and builds on our
established market leadership. About Official Payments Holdings
Official Payments Holdings, Inc. (Nasdaq: OPAY) is a leading
provider of electronic payment solutions in the biller direct
market. Headquartered in Norcross, Georgia, the company provides
enhanced electronic payment services that include multiple payment
choices, payment channels, and bill payment products and services
to over 4,600 clients in all 50 states and the District of
Columbia. Official Payments serves clients in multiple markets
including federal, state, and local governments, educational
institutions, and utilities. Consumers may pay federal taxes, state
and local taxes, property taxes, and other bills such as utilities
and college tuition with credit cards, debit cards, electronic
checks and alternative payment methods via online, telephone, point
of sale and other channels by visiting www.OfficialPayments.com.
Corporate information is available at
www.OPAY.OfficialPayments.com.
electronic payment solutions for the biller direct market, today
announced that it has completed its name change to Official
Payments Holdings, Inc. The name change was previously approved by
shareholders. Effective Wednesday, January 4, 2012, Official
Payments Holdings, Inc., will trade under the new Nasdaq ticker
symbol OPAY. Official Payments Corporation remains a wholly owned
subsidiary of Official Payments Holdings, Inc. Adopting our new
name completes the transition to a company that is singularly
focused on providing enhanced payment solutions, said Alex P. Hart,
President and CEO. Most of our clients and customers have known us
by our Official Payments brand for years. This new corporate name
both simplifies and strengthens our branding and builds on our
established market leadership. About Official Payments Holdings
Official Payments Holdings, Inc. (Nasdaq: OPAY) is a leading
provider of electronic payment solutions in the biller direct
market. Headquartered in Norcross, Georgia, the company provides
enhanced electronic payment services that include multiple payment
choices, payment channels, and bill payment products and services
to over 4,600 clients in all 50 states and the District of
Columbia. Official Payments serves clients in multiple markets
including federal, state, and local governments, educational
institutions, and utilities. Consumers may pay federal taxes, state
and local taxes, property taxes, and other bills such as utilities
and college tuition with credit cards, debit cards, electronic
checks and alternative payment methods via online, telephone, point
of sale and other channels by visiting www.OfficialPayments.com.
Corporate information is available at
www.OPAY.OfficialPayments.com.
Citi Introduces First Facebook App to Make Rewards Social
Citi today announced the first Facebook application from a
loyalty program that is both a rewarding and social experience: the
Citi ThankYou Point Sharing App. This new Facebook app makes it
quick and easy for ThankYou Rewards members who are Facebook
friends to pool their points together, and use their points
collective value towards a shared goal or reward. ThankYou members
on Facebook can combine their points to make a charitable donation,
or choose from millions of rewards on www.thankyou.com, from travel
to electronics. As our ThankYou members imagine all the ways to use
their points this year, this app extends the possibilities, said
Ralph Andretta, Head of Co Brands and Loyalty at Citi Cards. With
the new ability to pool points together through their social
networks, ThankYou members can rally their friends towards a bigger
reward whether they are interested in combining points to book a
weekend getaway or supporting a common cause. Citi Gives Away 10
Million Points In Celebration of ThankYou Point Sharing App To
celebrate the ThankYou Point Sharing App launch, Citi is giving 10
million ThankYou points to qualifying ThankYou members on Facebook.
The first 4,000 ThankYou members to link the ThankYou Point Sharing
App to their personal Facebook page before 11:59 p.m. ET on
February 3, 2012 will receive 2,500 ThankYou points courtesy of
Citi. They can use the 2,500 points towards a number of individual
rewards, such as digital books and music downloads. To participate,
individuals must be a Citi ThankYou Rewards member and link the
ThankYou Point Sharing App to their personal Facebook page.
ThankYou members who are awarded 2,500 points will see them in
their ThankYou account within 72 hours after it has been linked to
the Facebook app. Citi ThankYou Point Sharing App Heres how the
Citi ThankYou Point Sharing App works: Visit the Citibank Facebook
page (www.facebook.com/citibank/) and view the ThankYou Point
Sharing tab to link the app to your ThankYou account. ThankYou
members will be prompted to enter their username and password to
log in to their accounts. Start a pool of points for an individual,
group or cause and set a goal. For example, the goal could be for a
large group donation to a charitable organization, or points
required for a specific reward from the ThankYou catalog. The app
also enables members to highlight a desired item on their ThankYou
Wishlist when setting a goal for the pool. Members can select a
specific amount of ThankYou points they would like to contribute to
the pool. They can invite any number of Facebook friends who are
ThankYou members to join the pool. All participants in a point pool
must have the Facebook app linked to their ThankYou account. They
also have the option to share a Facebook wall post after creating a
point pool to encourage friends and family to join and contribute.
Members can track progress towards the goal for their points pool
on the app, which displays a percentage of each goal reached. Citi
is constantly listening to our clients as part of our commitment to
deliver rewarding experiences that fit into their increasingly
digital world. This new app is a first in the marketplace and a
fun, flexible way to share ThankYou points as well as rewarding
experiences with friends and family, said Andretta. In order to
participate in a point pool by sharing or contributing points, or
to receive ThankYou points, you must be a registered ThankYou
member. Any person with a Citi credit card with ThankYou Rewards or
a Citibank checking account that has been enrolled in ThankYou
Rewards can easily register by visiting www.thankyou.com. For
information on how to become a ThankYou member please visit How it
Works at www.thankyou.com. About Citi Thank You Citi ThankYou
Rewards provides Citi clients with multiple ways to earn points
quickly and flexibility to choose from more than a million rewards.
Last year, Citi introduced several features to enhance the ThankYou
experience including: an expanded Bonus Center, a Travel Center
featuring no blackout dates, and the ability to transfer points to
friends and family who are ThankYou members free of charge. Citi
also recently introduced the ThankYou Rewards App, which lets
members browse and redeem rewards on their mobile phone and pick up
Best Buy merchandise at any U.S. Best Buy store location on the
same day. In addition to the ThankYou rewards catalog, members can
also work with a Wish Specialist(SM) to custom build rewards based
on their needs and interests ranging from home entertainment
systems to kayak lessons. For more information, please visit
www.thankyou.com. About Citi Citi, the leading global financial
services company, has approximately 200 million customer accounts
and does business in more than 160 countries and jurisdictions.
Citi provides consumers, corporations, governments and institutions
with a broad range of financial products and services, including
consumer banking and credit, corporate and investment banking,
securities brokerage, transaction services, and wealth management.
Links: Follow us on Facebook: http://www.facebook.com/citibank/
Citi ThankYou Rewards: thankyou.com/ Follow us on Twitter:
http://twitter.com/citibank/ Citi, Citi with Arc Design, ThankYou,
Citi ThankYou and Citi ThankYou Rewards Design are registered
service marks, and Wish Specialist is a service mark, of Citigroup
Inc.
loyalty program that is both a rewarding and social experience: the
Citi ThankYou Point Sharing App. This new Facebook app makes it
quick and easy for ThankYou Rewards members who are Facebook
friends to pool their points together, and use their points
collective value towards a shared goal or reward. ThankYou members
on Facebook can combine their points to make a charitable donation,
or choose from millions of rewards on www.thankyou.com, from travel
to electronics. As our ThankYou members imagine all the ways to use
their points this year, this app extends the possibilities, said
Ralph Andretta, Head of Co Brands and Loyalty at Citi Cards. With
the new ability to pool points together through their social
networks, ThankYou members can rally their friends towards a bigger
reward whether they are interested in combining points to book a
weekend getaway or supporting a common cause. Citi Gives Away 10
Million Points In Celebration of ThankYou Point Sharing App To
celebrate the ThankYou Point Sharing App launch, Citi is giving 10
million ThankYou points to qualifying ThankYou members on Facebook.
The first 4,000 ThankYou members to link the ThankYou Point Sharing
App to their personal Facebook page before 11:59 p.m. ET on
February 3, 2012 will receive 2,500 ThankYou points courtesy of
Citi. They can use the 2,500 points towards a number of individual
rewards, such as digital books and music downloads. To participate,
individuals must be a Citi ThankYou Rewards member and link the
ThankYou Point Sharing App to their personal Facebook page.
ThankYou members who are awarded 2,500 points will see them in
their ThankYou account within 72 hours after it has been linked to
the Facebook app. Citi ThankYou Point Sharing App Heres how the
Citi ThankYou Point Sharing App works: Visit the Citibank Facebook
page (www.facebook.com/citibank/) and view the ThankYou Point
Sharing tab to link the app to your ThankYou account. ThankYou
members will be prompted to enter their username and password to
log in to their accounts. Start a pool of points for an individual,
group or cause and set a goal. For example, the goal could be for a
large group donation to a charitable organization, or points
required for a specific reward from the ThankYou catalog. The app
also enables members to highlight a desired item on their ThankYou
Wishlist when setting a goal for the pool. Members can select a
specific amount of ThankYou points they would like to contribute to
the pool. They can invite any number of Facebook friends who are
ThankYou members to join the pool. All participants in a point pool
must have the Facebook app linked to their ThankYou account. They
also have the option to share a Facebook wall post after creating a
point pool to encourage friends and family to join and contribute.
Members can track progress towards the goal for their points pool
on the app, which displays a percentage of each goal reached. Citi
is constantly listening to our clients as part of our commitment to
deliver rewarding experiences that fit into their increasingly
digital world. This new app is a first in the marketplace and a
fun, flexible way to share ThankYou points as well as rewarding
experiences with friends and family, said Andretta. In order to
participate in a point pool by sharing or contributing points, or
to receive ThankYou points, you must be a registered ThankYou
member. Any person with a Citi credit card with ThankYou Rewards or
a Citibank checking account that has been enrolled in ThankYou
Rewards can easily register by visiting www.thankyou.com. For
information on how to become a ThankYou member please visit How it
Works at www.thankyou.com. About Citi Thank You Citi ThankYou
Rewards provides Citi clients with multiple ways to earn points
quickly and flexibility to choose from more than a million rewards.
Last year, Citi introduced several features to enhance the ThankYou
experience including: an expanded Bonus Center, a Travel Center
featuring no blackout dates, and the ability to transfer points to
friends and family who are ThankYou members free of charge. Citi
also recently introduced the ThankYou Rewards App, which lets
members browse and redeem rewards on their mobile phone and pick up
Best Buy merchandise at any U.S. Best Buy store location on the
same day. In addition to the ThankYou rewards catalog, members can
also work with a Wish Specialist(SM) to custom build rewards based
on their needs and interests ranging from home entertainment
systems to kayak lessons. For more information, please visit
www.thankyou.com. About Citi Citi, the leading global financial
services company, has approximately 200 million customer accounts
and does business in more than 160 countries and jurisdictions.
Citi provides consumers, corporations, governments and institutions
with a broad range of financial products and services, including
consumer banking and credit, corporate and investment banking,
securities brokerage, transaction services, and wealth management.
Links: Follow us on Facebook: http://www.facebook.com/citibank/
Citi ThankYou Rewards: thankyou.com/ Follow us on Twitter:
http://twitter.com/citibank/ Citi, Citi with Arc Design, ThankYou,
Citi ThankYou and Citi ThankYou Rewards Design are registered
service marks, and Wish Specialist is a service mark, of Citigroup
Inc.
Lexington Wealth Management Kicks Off 2012 With Senior Team Additions
Lexington Wealth Management announced today that the firm
made three key additions to its senior team in Mark Carley,
Managing Director, Frank Censullo, Senior Relationship Manager, and
Scott Klein, Senior Relationship Manager. Even in the midst of a
volatile market, 2011 was an exciting year for Lexington Wealth as
we met the needs of our clients while expanding the firm, said Mike
Tucci, President of Lexington Wealth Management. As we enter 2012,
we are thrilled to keep the momentum going. Mark, Frank, and Scott
all bring unique strengths to the firm. They have outstanding
experience that further strengthens our offering for our core base
of clients with net worth from $2 to $20 million, but also greatly
enhances our presence for more complex work with families in the
ultra-high net worth category. We look forward to working with them
for years to come. Mr. Carley, Mr. Censullo, and Mr. Klein joined
Lexington Wealth from Wells Fargo. They were also part of the
original team at Tanager Financial Services, and each have served
in the wealth management, and financial services industries for
more than two decades, with significant ties to the Boston area.
When we all started at Tanager, we were inspired by the boutique
feel and the ability to truly work as a team to help our clients
handle all phases of wealth, from investments to managing transfers
to future generations to simply making the most out of their
financial situation, said Mr. Carley. Lexington Wealth brings us
back to that feeling, and were thrilled to have found a unique,
intelligent firm that recaptures the elements that brought us
together in the first place. This announcement follows on news of
Lexington Wealths move in September 2011 into larger offices to
accommodate growth as the firm continues to attract more clients
and professional staff. About Lexington Wealth Management Lexington
Wealth Management is a boutique, fee-only, independent investment
and financial advisory firm that goes beyond the constraints of
traditional wealth management to help clients balance strategy and
emotion as they face important decisions in life. Based in Boston
and Manhattan, the firm is nationally recognized for uncovering the
best, most intelligent path for clients to travel from their
distinct point A to point B. For more information, please visit
www.lexingtonwealth.com.
made three key additions to its senior team in Mark Carley,
Managing Director, Frank Censullo, Senior Relationship Manager, and
Scott Klein, Senior Relationship Manager. Even in the midst of a
volatile market, 2011 was an exciting year for Lexington Wealth as
we met the needs of our clients while expanding the firm, said Mike
Tucci, President of Lexington Wealth Management. As we enter 2012,
we are thrilled to keep the momentum going. Mark, Frank, and Scott
all bring unique strengths to the firm. They have outstanding
experience that further strengthens our offering for our core base
of clients with net worth from $2 to $20 million, but also greatly
enhances our presence for more complex work with families in the
ultra-high net worth category. We look forward to working with them
for years to come. Mr. Carley, Mr. Censullo, and Mr. Klein joined
Lexington Wealth from Wells Fargo. They were also part of the
original team at Tanager Financial Services, and each have served
in the wealth management, and financial services industries for
more than two decades, with significant ties to the Boston area.
When we all started at Tanager, we were inspired by the boutique
feel and the ability to truly work as a team to help our clients
handle all phases of wealth, from investments to managing transfers
to future generations to simply making the most out of their
financial situation, said Mr. Carley. Lexington Wealth brings us
back to that feeling, and were thrilled to have found a unique,
intelligent firm that recaptures the elements that brought us
together in the first place. This announcement follows on news of
Lexington Wealths move in September 2011 into larger offices to
accommodate growth as the firm continues to attract more clients
and professional staff. About Lexington Wealth Management Lexington
Wealth Management is a boutique, fee-only, independent investment
and financial advisory firm that goes beyond the constraints of
traditional wealth management to help clients balance strategy and
emotion as they face important decisions in life. Based in Boston
and Manhattan, the firm is nationally recognized for uncovering the
best, most intelligent path for clients to travel from their
distinct point A to point B. For more information, please visit
www.lexingtonwealth.com.
Ventas Announces Sale of 21,070,658 Shares of Common Stock by Selling Stockholders
Ventas, Inc. (NYSE: VTR) (Ventas or the Company) announced
today that private investment funds managed by Lazard Real Estate
Partners LLC and its affiliates have agreed to sell 21,070,658
shares of the Companys common stock to Citigroup, as underwriter,
in an underwritten public offering of those shares. All net
proceeds from the sale of the common stock will be received by the
selling stockholders. The Company will not receive any of the
proceeds. The shares of common stock are being sold by the selling
stockholders pursuant to an effective shelf registration statement
filed with the Securities and Exchange Commission. A copy of the
prospectus supplement and accompanying prospectus describing the
terms of the offering will be filed with the Securities and
Exchange Commission and may be obtained, when available, from
Citigroup, Brooklyn Army Terminal, 140 58th Street, 8th Floor,
Brooklyn, NY 11220 (Tel: 800-831-9146). This press release shall
not constitute an offer to sell or a solicitation of an offer to
buy the shares of common stock or any other securities, nor shall
there be any sale of the shares of common stock or any other
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. Ventas, Inc., an SP 500 company, is a leading
healthcare real estate investment trust. Its diverse portfolio of
more than 1,300 assets in 47 states (including the District of
Columbia) and two Canadian provinces consists of seniors housing
communities, skilled nursing facilities, hospitals, medical office
buildings and other properties. Through its Lillibridge subsidiary,
Ventas provides management, leasing, marketing, facility
development and advisory services to highly rated hospitals and
health systems throughout the United States. This press release
includes forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. All statements
regarding the Companys or its tenants, operators, managers or
borrowers expected future financial position, results of
operations, cash flows, funds from operations, dividends and
dividend plans, financing plans, business strategy, budgets,
projected costs, operating metrics, capital expenditures,
competitive positions, acquisitions, investment opportunities,
dispositions, merger integration, growth opportunities, expected
lease income, continued qualification as a real estate investment
trust (REIT), plans and objectives of management for future
operations and statements that include words such as anticipate,
if, believe, plan, estimate, expect, intend, may, could, should,
will and other similar expressions are forward-looking statements.
Such forward-looking statements are inherently uncertain, and
security holders must recognize that actual results may differ from
the Companys expectations. The Company does not undertake a duty to
update such forward-looking statements, which speak only as of the
date on which they are made. The Companys actual future results and
trends may differ materially depending on a variety of factors
discussed in the Companys filings with the Securities and Exchange
Commission. These factors include without limitation: (a) the
ability and willingness of the Companys tenants, operators,
borrowers, managers and other third parties to meet and/or perform
their obligations under their respective contractual arrangements
with the Company, including, in some cases, their obligations to
indemnify, defend and hold harmless the Company from and against
various claims, litigation and liabilities; (b) the ability of the
Companys tenants, operators, borrowers and managers to maintain the
financial strength and liquidity necessary to satisfy their
respective obligations and liabilities to third parties, including
without limitation obligations under their existing credit
facilities and other indebtedness; (c) the Companys success in
implementing its business strategy and the Companys ability to
identify, underwrite, finance, consummate and integrate
diversifying acquisitions or investments, including the Nationwide
Health Properties transaction and those in different asset types
and outside the United States; (d) macroeconomic conditions such as
a disruption of or lack of access to the capital markets, changes
in the debt rating on U.S. government securities, default and/or
delay in payment by the United States of its obligations, and
changes in the federal budget resulting in the reduction or
nonpayment of Medicare or Medicaid reimbursement rates; (e) the
nature and extent of future competition; (f) the extent of future
or pending healthcare reform and regulation, including cost
containment measures and changes in reimbursement policies,
procedures and rates; (g) increases in the Companys cost of
borrowing as a result of changes in interest rates and other
factors; (h) the ability of the Companys operators and managers, as
applicable, to deliver high quality services, to attract and retain
qualified personnel and to attract residents and patients; (i)
changes in general economic conditions and/or economic conditions
in the markets in which the Company may, from time to time,
compete, and the effect of those changes on the Companys revenues
and its ability to access the capital markets or other sources of
funds; (j) the Companys ability to pay down, refinance, restructure
and/or extend its indebtedness as it becomes due; (k) the Companys
ability and willingness to maintain its qualification as a REIT due
to economic, market, legal, tax or other considerations; (l) final
determination of the Companys taxable net income for the year ended
December 31, 2011; (m) the ability and willingness of the Companys
tenants to renew their leases with the Company upon expiration of
the leases and the Companys ability to reposition its properties on
the same or better terms in the event such leases expire and are
not renewed by the Companys tenants or in the event the Company
exercises its right to replace an existing tenant upon default; (n)
risks associated with the Companys senior living operating
portfolio, such as factors causing volatility in the Companys
operating income and earnings generated by its properties,
including without limitation national and regional economic
conditions, costs of materials, energy, labor and services,
employee benefit costs, insurance costs and professional and
general liability claims, and the timely delivery of accurate
property-level financial results for those properties; (o) the
movement of U.S. and Canadian exchange rates; (p) year-over-year
changes in the Consumer Price Index and the effect of those changes
on the rent escalators, including the rent escalator for Master
Lease 2 with Kindred Healthcare, Inc., and the Companys earnings;
(q) the Companys ability and the ability of its tenants, operators,
borrowers and managers to obtain and maintain adequate liability
and other insurance from reputable and financially stable
providers; (r) the impact of increased operating costs and
uninsured professional liability claims on the liquidity, financial
condition and results of operations of the Companys tenants,
operators, borrowers and managers, and the ability of the Companys
tenants, operators, borrowers and managers to accurately estimate
the magnitude of those claims; (s) risks associated with the
Companys MOB portfolio and operations, including its ability to
successfully design, develop and manage MOBs, to accurately
estimate its costs in fixed fee-for-service projects and to retain
key personnel; (t) the ability of the hospitals on or near whose
campuses the Companys MOBs are located and their affiliated health
systems to remain competitive and financially viable and to attract
physicians and physician groups; (u) the Companys ability to
maintain or expand its relationships with its existing and future
hospital and health system clients; (v) risks associated with the
Companys investments in joint ventures and unconsolidated entities,
including its lack of sole decision-making authority and its
reliance on its joint venture partners financial condition; (w) the
impact of market or issuer events on the liquidity or value of the
Companys investments in marketable securities; and (x) the impact
of any financial, accounting, legal or regulatory issues or
litigation that may affect the Company or its major tenants,
operators or managers. Many of these factors are beyond the control
of the Company and its management.
today that private investment funds managed by Lazard Real Estate
Partners LLC and its affiliates have agreed to sell 21,070,658
shares of the Companys common stock to Citigroup, as underwriter,
in an underwritten public offering of those shares. All net
proceeds from the sale of the common stock will be received by the
selling stockholders. The Company will not receive any of the
proceeds. The shares of common stock are being sold by the selling
stockholders pursuant to an effective shelf registration statement
filed with the Securities and Exchange Commission. A copy of the
prospectus supplement and accompanying prospectus describing the
terms of the offering will be filed with the Securities and
Exchange Commission and may be obtained, when available, from
Citigroup, Brooklyn Army Terminal, 140 58th Street, 8th Floor,
Brooklyn, NY 11220 (Tel: 800-831-9146). This press release shall
not constitute an offer to sell or a solicitation of an offer to
buy the shares of common stock or any other securities, nor shall
there be any sale of the shares of common stock or any other
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. Ventas, Inc., an SP 500 company, is a leading
healthcare real estate investment trust. Its diverse portfolio of
more than 1,300 assets in 47 states (including the District of
Columbia) and two Canadian provinces consists of seniors housing
communities, skilled nursing facilities, hospitals, medical office
buildings and other properties. Through its Lillibridge subsidiary,
Ventas provides management, leasing, marketing, facility
development and advisory services to highly rated hospitals and
health systems throughout the United States. This press release
includes forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. All statements
regarding the Companys or its tenants, operators, managers or
borrowers expected future financial position, results of
operations, cash flows, funds from operations, dividends and
dividend plans, financing plans, business strategy, budgets,
projected costs, operating metrics, capital expenditures,
competitive positions, acquisitions, investment opportunities,
dispositions, merger integration, growth opportunities, expected
lease income, continued qualification as a real estate investment
trust (REIT), plans and objectives of management for future
operations and statements that include words such as anticipate,
if, believe, plan, estimate, expect, intend, may, could, should,
will and other similar expressions are forward-looking statements.
Such forward-looking statements are inherently uncertain, and
security holders must recognize that actual results may differ from
the Companys expectations. The Company does not undertake a duty to
update such forward-looking statements, which speak only as of the
date on which they are made. The Companys actual future results and
trends may differ materially depending on a variety of factors
discussed in the Companys filings with the Securities and Exchange
Commission. These factors include without limitation: (a) the
ability and willingness of the Companys tenants, operators,
borrowers, managers and other third parties to meet and/or perform
their obligations under their respective contractual arrangements
with the Company, including, in some cases, their obligations to
indemnify, defend and hold harmless the Company from and against
various claims, litigation and liabilities; (b) the ability of the
Companys tenants, operators, borrowers and managers to maintain the
financial strength and liquidity necessary to satisfy their
respective obligations and liabilities to third parties, including
without limitation obligations under their existing credit
facilities and other indebtedness; (c) the Companys success in
implementing its business strategy and the Companys ability to
identify, underwrite, finance, consummate and integrate
diversifying acquisitions or investments, including the Nationwide
Health Properties transaction and those in different asset types
and outside the United States; (d) macroeconomic conditions such as
a disruption of or lack of access to the capital markets, changes
in the debt rating on U.S. government securities, default and/or
delay in payment by the United States of its obligations, and
changes in the federal budget resulting in the reduction or
nonpayment of Medicare or Medicaid reimbursement rates; (e) the
nature and extent of future competition; (f) the extent of future
or pending healthcare reform and regulation, including cost
containment measures and changes in reimbursement policies,
procedures and rates; (g) increases in the Companys cost of
borrowing as a result of changes in interest rates and other
factors; (h) the ability of the Companys operators and managers, as
applicable, to deliver high quality services, to attract and retain
qualified personnel and to attract residents and patients; (i)
changes in general economic conditions and/or economic conditions
in the markets in which the Company may, from time to time,
compete, and the effect of those changes on the Companys revenues
and its ability to access the capital markets or other sources of
funds; (j) the Companys ability to pay down, refinance, restructure
and/or extend its indebtedness as it becomes due; (k) the Companys
ability and willingness to maintain its qualification as a REIT due
to economic, market, legal, tax or other considerations; (l) final
determination of the Companys taxable net income for the year ended
December 31, 2011; (m) the ability and willingness of the Companys
tenants to renew their leases with the Company upon expiration of
the leases and the Companys ability to reposition its properties on
the same or better terms in the event such leases expire and are
not renewed by the Companys tenants or in the event the Company
exercises its right to replace an existing tenant upon default; (n)
risks associated with the Companys senior living operating
portfolio, such as factors causing volatility in the Companys
operating income and earnings generated by its properties,
including without limitation national and regional economic
conditions, costs of materials, energy, labor and services,
employee benefit costs, insurance costs and professional and
general liability claims, and the timely delivery of accurate
property-level financial results for those properties; (o) the
movement of U.S. and Canadian exchange rates; (p) year-over-year
changes in the Consumer Price Index and the effect of those changes
on the rent escalators, including the rent escalator for Master
Lease 2 with Kindred Healthcare, Inc., and the Companys earnings;
(q) the Companys ability and the ability of its tenants, operators,
borrowers and managers to obtain and maintain adequate liability
and other insurance from reputable and financially stable
providers; (r) the impact of increased operating costs and
uninsured professional liability claims on the liquidity, financial
condition and results of operations of the Companys tenants,
operators, borrowers and managers, and the ability of the Companys
tenants, operators, borrowers and managers to accurately estimate
the magnitude of those claims; (s) risks associated with the
Companys MOB portfolio and operations, including its ability to
successfully design, develop and manage MOBs, to accurately
estimate its costs in fixed fee-for-service projects and to retain
key personnel; (t) the ability of the hospitals on or near whose
campuses the Companys MOBs are located and their affiliated health
systems to remain competitive and financially viable and to attract
physicians and physician groups; (u) the Companys ability to
maintain or expand its relationships with its existing and future
hospital and health system clients; (v) risks associated with the
Companys investments in joint ventures and unconsolidated entities,
including its lack of sole decision-making authority and its
reliance on its joint venture partners financial condition; (w) the
impact of market or issuer events on the liquidity or value of the
Companys investments in marketable securities; and (x) the impact
of any financial, accounting, legal or regulatory issues or
litigation that may affect the Company or its major tenants,
operators or managers. Many of these factors are beyond the control
of the Company and its management.
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