Nuveen New Jersey Premium Income Municipal Fund (NNJ) Stock Price, News & Analysis

Nuveen New Jersey Premium Income Municipal Fund, Inc. (the Fund) is a closed-end exchange traded fund. The Fund's primary investment objective is to provide current income exempt from both regular federal income taxes and New Jersey personal income taxes. The secondary investment objective of the Fund is the enhancement of portfolio value. The Fund invests substantially all of its assets in tax-exempt New Jersey municipal obligations rated within the four highest grades (Baa/BBB or better). Up to 20% of the Fund's assets may be invested in unrated New Jersey municipal obligations considered to be of comparable quality. The Fund is authorized to invest in inverse floating-rate securities, futures contracts and zero coupon securities. The Fund’s investment adviser is Nuveen Asset Management, a wholly owned subsidiary of Nuveen Investments, Inc.