Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced the Nuveen Real Estate Income Fund (NYSE MKT: JRS) has declared its regular quarterly distribution. This fund represents just one of several Nuveen investment strategies designed for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income and other cash flow needs. Information regarding the fund’s last 19(a) Quarterly Distribution Notice (as of December 22, 2015) is also included below. This informational notice provides further details on the sources of the fund’s distribution. The full text of this notice is also available on the Nuveen website via Distribution Source Estimates. For further information regarding fund distributions including earnings, undistributed net investment income, and notices please visit http://www.nuveen.com/cef.

The following dates apply to today's declaration for the Nuveen Real Estate Income Fund:

Record Date   March 15, 2016
Ex-Dividend Date March 11, 2016
Payable Date April 1, 2016
Reinvest Date April 1, 2016
 
      Quarterly Distribution Per Share
  Change From

Ticker

Exchange

Closed-End Funds:

 Amount   Previous Quarter
 
JRS NYSE MKT Real Estate Income Fund $.2400 -
 

Quarterly Managed Distributions

The goal of the fund’s managed distribution program is to provide shareholders relatively consistent and predictable cash flow by systematically converting its expected long-term return potential into regular distributions. Potential distribution sources for regular distributions throughout the year include realized gains and return of capital, in addition to net investment income. If a distribution includes anything other than net investment income, the fund provides a notice of the best estimate of its distribution sources at that time which may be viewed at www.nuveen.com/CEFdistributions. These estimates may not match the final tax characterization contained in shareholders’ 1099-DIV forms after the end of the year.

Under a Managed Distribution policy, Nuveen closed-end funds seek to maintain a stable regular distribution amount that, over the long term, matches the fund’s total distributions paid to its total return. You should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate or from the terms of its Managed Distribution Policy.

  • Actual returns likely will differ from projected long-term returns, (and therefore a fund’s distribution rate, also), at least over shorter time periods. Over a specific timeframe, a fund’s net asset value will increase (if returns exceed distributions), or decrease (if distributions exceed returns), by the difference between actual returns and total distributions.
  • A return of capital is a non-taxable distribution of a portion of the fund’s capital. When fund returns exceed distributions, return of capital may represent portfolio gains earned, but not realized as a taxable capital gain. In periods when fund returns fall short of distributions, it will represent a portion of your original principal unless the shortfall is offset during other time periods over the life of your investment (previous or subsequent) when the fund’s total return exceeds distributions.
  • For additional information about managed distributions, please see Understanding Managed Distributions.

The following table provides estimates of the Fund’s distribution sources, reflecting year-to-date cumulative experience through the month-end prior to the latest distribution. The Fund attributes these estimates equally to each regular distribution throughout the year. Consequently, the estimated information as of the specified month-end shown below is for the current distribution, and also represents an updated estimate for all prior months in the year. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be (and is shown below as being estimated to be) a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.”

The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. More details about the Fund’s distributions and the basis for these estimates are available on www.nuveen.com/cef .

Data as of 11/30/2015
   

Estimated Per Share Sources of Distribution 1

  

Estimated Percentage of the Distribution

Per Share   Long-Term   Short-Term   Return of   Long-Term   Short-Term   Return of

JRS (FYE 12/31)

Distribution

NII

Gains

Gains

Capital

NII

Gains

Gains

Capital

Current Quarter .2400 .1089 .0890 .0000 .0421 45.4% 37.1% 0.0% 17.6%
 
Fiscal YTD .9600 .4354 .3560 .0000 .1686 45.4% 37.1% 0.0% 17.6%

1 Net investment income (NII) is a projection through the end of the current calendar quarter using actual data through the stated month-end date above. Capital gain amounts are as of the stated date above. JRS owns REIT securities which attribute their distributions to various sources including NII, gains, and return of capital. The estimated per share sources above include an allocation of the NII based on prior year attributions which can be expected to differ from the actual final attributions for the current year.

 

The following table provides information regarding JRS’ distributions and total return performance over various time periods. This information is intended to help you better understand whether returns for the specified time periods were sufficient to meet distributions.

Data as of 11/30/2015
        Annualized   Cumulative
JRS (FYE 12/31) Quarterly Fiscal YTD Net Asset 5-Year   Fiscal YTD Fiscal YTD   Fiscal YTD

Inception Date

Distribution

Distributions

Value

Return on NAV

Dist Rate on NAV1

Return on NAV

Dist Rate on NAV1

Nov 2001 .2400 .9600 11.68 13.34% 8.22% 2.87% 8.22%
1 As a percentage of 11/30/15 NAV.
 

Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutional and individual investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliates—Nuveen Asset Management, LLC, Symphony Asset Management LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital Management, LLC and Gresham Investment Management LLC, all of which are registered investment advisers and independent investment subsidiaries of Nuveen Investments, Inc. Funds distributed by Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc. Nuveen Investments operates as a separate subsidiary within TIAA-CREF, which is a leading provider of retirement and financial services in the academic, research, medical and cultural fields. In total, Nuveen Investments managed approximately $225 billion as of December 31, 2015. For more information, please visit the Nuveen Investments website at www.nuveen.com.

* Nuveen does not provide tax advice; consult a professional tax advisor regarding your specific tax situation.

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