N-Q 1 a13-7275_9nq.htm N-Q

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number 811-21619

 

 

Nuveen Equity Premium Income Fund

 

(Exact name of registrant as specified in charter)

 

   333 West Wacker Drive, Chicago, Illinois 60606   

 

 

(Address of principal executive offices) (Zip code)

 

 

Kevin J. McCarthy—Vice President and Secretary
   333 West Wacker Drive, Chicago, Illinois 60606   

 

 

(Name and address of agent for service)

 

Registrant’s telephone number, including area code:

312-917-7700

 

Date of fiscal year end:

12/31

 

Date of reporting period:

3/31/2013

 

 

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 

 

 



 

Item 1. Schedule of Investments

 



 

 

 

Portfolio of Investments (Unaudited)

 

 

 

 

 

Nuveen Equity Premium Income Fund (JPZ)

 

 

 

 

 

March 31, 2013

 

 

 

 

Shares

 

Description (1)

 

Value

 

 

 

Common Stocks – 100.4% (5)

 

 

 

 

 

Aerospace & Defense – 2.4%

 

 

 

44,366

 

Boeing Company

 

$     3,808,821

 

44,474

 

Honeywell International Inc.

 

3,351,116

 

32,905

 

Raytheon Company

 

1,934,485

 

35,076

 

United Technologies Corporation

 

3,277,151

 

 

 

Total Aerospace & Defense

 

12,371,573

 

 

 

Air Freight & Logistics – 0.7%

 

 

 

41,809

 

United Parcel Service, Inc., Class B

 

3,591,393

 

 

 

Airlines – 0.0%

 

 

 

3,957

 

United Continental Holdings Inc., (2)

 

126,664

 

 

 

Auto Components – 0.1%

 

 

 

30,296

 

Cooper Tire & Rubber

 

777,395

 

 

 

Automobiles – 0.8%

 

 

 

185,001

 

Ford Motor Company

 

2,432,763

 

32,461

 

Harley-Davidson, Inc.

 

1,730,171

 

 

 

Total Automobiles

 

4,162,934

 

 

 

Beverages – 2.7%

 

 

 

180,676

 

Coca-Cola Company

 

7,306,537

 

14,723

 

Monster Beverage Corporation, (2)

 

702,876

 

75,742

 

PepsiCo, Inc.

 

5,991,950

 

 

 

Total Beverages

 

14,001,363

 

 

 

Biotechnology – 1.8%

 

 

 

40,799

 

Amgen Inc.

 

4,182,305

 

22,699

 

Celgene Corporation, (2)

 

2,631,041

 

47,374

 

Gilead Sciences, Inc., (2)

 

2,318,010

 

 

 

Total Biotechnology

 

9,131,356

 

 

 

Building Products – 0.2%

 

 

 

42,748

 

Masco Corporation

 

865,647

 

 

 

Capital Markets – 1.9%

 

 

 

99,725

 

Charles Schwab Corporation

 

1,764,135

 

20,622

 

Goldman Sachs Group, Inc.

 

3,034,527

 

35,138

 

Legg Mason, Inc.

 

1,129,687

 

100,638

 

Morgan Stanley

 

2,212,023

 

38,635

 

Waddell & Reed Financial, Inc., Class A

 

1,691,440

 

 

 

Total Capital Markets

 

9,831,812

 

 

 

Chemicals – 2.3%

 

 

 

48,008

 

Dow Chemical Company

 

1,528,575

 

42,638

 

E.I. Du Pont de Nemours and Company

 

2,096,084

 

34,457

 

Eastman Chemical Company

 

2,407,511

 

24,907

 

Monsanto Company

 

2,630,926

 

53,293

 

Olin Corporation

 

1,344,049

 

60,403

 

RPM International, Inc.

 

1,907,527

 

 

 

Total Chemicals

 

11,914,672

 

 

 

Commercial Banks – 2.6%

 

 

 

33,724

 

Comerica Incorporated

 

1,212,378

 

16,998

 

HSBC Holdings PLC, Sponsored ADR

 

906,673

 

17,184

 

PNC Financial Services Group, Inc.

 

1,142,736

 

95,133

 

U.S. Bancorp

 

3,227,863

 

196,464

 

Wells Fargo & Company

 

7,267,203

 

 

 

Total Commercial Banks

 

13,756,853

 

 

 

Commercial Services & Supplies – 0.9%

 

 

 

3,177

 

Avery Dennison Corporation

 

136,833

 

56,149

 

Deluxe Corporation

 

2,324,569

 

40,642

 

Pitney Bowes Inc.

 

603,940

 

16,031

 

R.R. Donnelley & Sons Company

 

193,174

 

35,497

 

Waste Management, Inc.

 

1,391,837

 

 

 

Total Commercial Services & Supplies

 

4,650,353

 

 

 

Communications Equipment – 2.2%

 

 

 

14,156

 

ADTRAN, Inc.

 

278,165

 

3,408

 

Ciena Corporation, (2)

 

54,562

 

222,389

 

Cisco Systems, Inc.

 

4,650,154

 

11,034

 

JDS Uniphase Corporation, (2)

 

147,525

 

25,703

 

Motorola Solutions Inc.

 

1,645,763

 

71,809

 

QUALCOMM, Inc.

 

4,807,613

 

 

 

Total Communications Equipment

 

11,583,782

 

 

 

Computers & Peripherals – 3.6%

 

 

 

34,529

 

Apple, Inc.

 

15,283,571

 

67,332

 

Dell Inc.

 

964,868

 

108,453

 

EMC Corporation, (2)

 

2,590,942

 

 

 

Total Computers & Peripherals

 

18,839,381

 

 

 

Consumer Finance – 0.6%

 

 

 

23,246

 

American Express Company

 

1,568,175

 

32,690

 

Discover Financial Services

 

1,465,820

 

 

 

Total Consumer Finance

 

3,033,995

 

 

 

Containers & Packaging – 0.4%

 

 

 

37,972

 

Packaging Corp. of America

 

1,703,804

 

5,718

 

Sonoco Products Company

 

200,073

 

 

 

Total Containers & Packaging

 

1,903,877

 

 

 

Distributors – 0.4%

 

 

 

29,044

 

Genuine Parts Company

 

2,265,432

 

 

 

Diversified Consumer Services – 0.0%

 

 

 

7,623

 

Apollo Group, Inc., Class A, (2)

 

132,564

 

 

 

Diversified Financial Services – 4.6%

 

 

 

414,679

 

Bank of America Corporation

 

5,050,790

 

112,577

 

Citigroup Inc.

 

4,980,406

 

33,950

 

CME Group, Inc.

 

2,084,191

 

189,264

 

JPMorgan Chase & Co.

 

8,982,469

 

39,312

 

Leucadia National Corporation

 

1,078,328

 

40,722

 

New York Stock Exchange Euronext

 

1,573,498

 

 

 

Total Diversified Financial Services

 

23,749,682

 

 

 

Diversified Telecommunication Services – 3.4%

 

 

 

255,347

 

AT&T Inc.

 

9,368,681

 

24,804

 

CenturyLink Inc.

 

871,365

 

250,097

 

Frontier Communications Corporation

 

995,386

 

128,669

 

Verizon Communications Inc.

 

6,324,081

 

18,198

 

Windstream Corporation

 

144,674

 

 

 

Total Diversified Telecommunication Services

 

17,704,187

 

 

 

Electric Utilities – 1.7%

 

 

 

55,280

 

Duke Energy Corporation

 

4,012,775

 

27,323

 

Great Plains Energy Incorporated

 

633,620

 

19,046

 

OGE Energy Corp.

 

1,332,839

 

80,800

 

Pepco Holdings, Inc.

 

1,729,120

 

20,004

 

Southern Company

 

938,588

 

 

 

Total Electric Utilities

 

8,646,942

 

 

 

Electrical Equipment – 0.5%

 

 

 

28,305

 

Emerson Electric Company

 

1,581,400

 

14,553

 

Rockwell Automation, Inc.

 

1,256,652

 

 

 

Total Electrical Equipment

 

2,838,052

 

 

 

Electronic Equipment & Instruments – 0.3%

 

 

 

118,215

 

Corning Incorporated

 

1,575,806

 

 

 

Energy Equipment & Services – 2.2%

 

 

 

6,964

 

Diamond Offshore Drilling, Inc.

 

484,416

 

18,452

 

Ensco International PLC, Class A, Sponsored ADR

 

1,107,120

 

79,215

 

Halliburton Company

 

3,201,078

 

16,059

 

Patterson-UTI Energy, Inc.

 

382,847

 

72,390

 

Schlumberger Limited

 

5,421,287

 

16,157

 

Tidewater Inc.

 

815,929

 

 

 

Total Energy Equipment & Services

 

11,412,677

 

 

 

Food & Staples Retailing – 2.0%

 

 

 

75,479

 

CVS Caremark Corporation

 

4,150,590

 

38,696

 

SUPERVALU INC.

 

195,028

 

80,740

 

Wal-Mart Stores, Inc.

 

6,041,774

 

 

 

Total Food & Staples Retailing

 

10,387,392

 

 

 

Food Products – 1.0%

 

 

 

37,375

 

Kraft Foods Inc., Class A

 

1,925,934

 

112,127

 

Mondelez International Inc.

 

3,432,207

 

 

 

Total Food Products

 

5,358,141

 

 

 

Gas Utilities – 1.0%

 

 

 

36,031

 

AGL Resources Inc.

 

1,511,500

 

12,516

 

Atmos Energy Corporation

 

534,308

 

22,995

 

National Fuel Gas Company

 

1,410,743

 

38,518

 

ONEOK, Inc.

 

1,836,153

 

 

 

Total Gas Utilities

 

5,292,704

 

 

 

Health Care Equipment & Supplies – 1.5%

 

 

 

72,041

 

Abbott Laboratories

 

2,544,488

 

4,460

 

Hologic Inc., (2)

 

100,796

 

3,342

 

Intuitive Surgical, Inc., (2)

 

1,641,557

 

78,706

 

Medtronic, Inc.

 

3,696,034

 

 

 

Total Health Care Equipment & Supplies

 

7,982,875

 

 

 

Health Care Providers & Services – 2.0%

 

 

 

6,901

 

Brookdale Senior Living Inc., (2)

 

192,400

 

15,450

 

Coventry Health Care, Inc.

 

726,614

 

48,093

 

Express Scripts, (2)

 

2,772,561

 

13,578

 

HCA Holdings Inc.

 

551,674

 

1,116

 

Henry Schein Inc., (2)

 

103,286

 

39,267

 

Kindred Healthcare Inc., (2)

 

413,482

 

71,299

 

UnitedHealth Group Incorporated

 

4,079,016

 

25,221

 

Wellpoint Inc.

 

1,670,387

 

 

 

Total Health Care Providers & Services

 

10,509,420

 

 

 

Health Care Technology – 0.0%

 

 

 

114

 

Cerner Corporation, (2)

 

10,802

 

 

 

Hotels, Restaurants & Leisure – 1.3%

 

 

 

22,200

 

Carnival Corporation

 

761,460

 

42,761

 

International Game Technology

 

705,557

 

2,272

 

Interval Leisure Group Inc.

 

49,393

 

53,750

 

McDonald’s Corporation

 

5,358,338

 

 

 

Total Hotels, Restaurants & Leisure

 

6,874,748

 

 

 

Household Durables – 0.8%

 

 

 

2,990

 

Garmin Limited

 

98,790

 

64,653

 

Newell Rubbermaid Inc.

 

1,687,443

 

13,864

 

Tupperware Corporation

 

1,133,243

 

11,356

 

Whirlpool Corporation

 

1,345,232

 

 

 

Total Household Durables

 

4,264,708

 

 

 

Household Products – 1.9%

 

 

 

14,878

 

Colgate-Palmolive Company

 

1,756,050

 

11,711

 

Kimberly-Clark Corporation

 

1,147,444

 

90,419

 

Procter & Gamble Company

 

6,967,688

 

 

 

Total Household Products

 

9,871,182

 

 

 

Industrial Conglomerates – 2.6%

 

 

 

38,964

 

3M Co.

 

4,142,263

 

412,215

 

General Electric Company

 

9,530,411

 

57

 

Siemens AG, Sponsored ADR

 

6,145

 

 

 

Total Industrial Conglomerates

 

13,678,819

 

 

 

Insurance – 2.3%

 

 

 

47,749

 

Allstate Corporation

 

2,343,043

 

8,871

 

Arthur J. Gallagher & Co.

 

366,461

 

36,694

 

Fidelity National Title Group Inc., Class A

 

925,790

 

20,464

 

Hartford Financial Services Group, Inc.

 

527,971

 

13,665

 

Kemper Corporation

 

445,616

 

60,781

 

Lincoln National Corporation

 

1,982,068

 

63,707

 

Marsh & McLennan Companies, Inc.

 

2,418,955

 

35,546

 

Travelers Companies, Inc.

 

2,992,618

 

 

 

Total Insurance

 

12,002,522

 

 

 

Internet & Catalog Retail – 1.2%

 

 

 

14,883

 

Amazon.com, Inc., (2)

 

3,966,171

 

3,103

 

HSN, Inc.

 

170,231

 

2,786

 

Priceline.com Incorporated, (2)

 

1,916,573

 

 

 

Total Internet & Catalog Retail

 

6,052,975

 

 

 

Internet Software & Services – 2.4%

 

 

 

10,937

 

Akamai Technologies, Inc., (2)

 

385,967

 

49,259

 

eBay Inc., (2)

 

2,670,823

 

8,710

 

Google Inc., Class A, (2)

 

6,916,001

 

44,605

 

United Online, Inc.

 

268,968

 

5,616

 

ValueClick, Inc., (2)

 

165,953

 

10,002

 

VeriSign, Inc., (2)

 

472,895

 

71,826

 

Yahoo! Inc., (2)

 

1,690,066

 

 

 

Total Internet Software & Services

 

12,570,673

 

 

 

IT Services – 4.0%

 

 

 

34,359

 

Automatic Data Processing, Inc.

 

2,234,022

 

17,199

 

Cognizant Technology Solutions Corporation, Class A, (2)

 

1,317,615

 

32,696

 

Fidelity National Information Services

 

1,295,416

 

38,580

 

International Business Machines Corporation (IBM)

 

8,229,114

 

3,197

 

Lender Processing Services Inc.

 

81,396

 

5,819

 

MasterCard, Inc.

 

3,148,835

 

42,671

 

Paychex, Inc.

 

1,496,472

 

16,519

 

Visa Inc., Class A

 

2,805,587

 

 

 

Total IT Services

 

20,608,457

 

 

 

Leisure Equipment & Products – 0.4%

 

 

 

19,609

 

Polaris Industries Inc.

 

1,813,636

 

 

 

Machinery – 2.6%

 

 

 

15,616

 

Caterpillar Inc.

 

1,358,124

 

15,272

 

Cummins Inc.

 

1,768,650

 

20,884

 

Deere & Company

 

1,795,606

 

13,600

 

Graco Inc.

 

789,208

 

13,107

 

Ingersoll Rand Company Limited, Class A

 

721,016

 

16,893

 

Parker Hannifin Corporation

 

1,547,061

 

11,767

 

Snap-on Incorporated

 

973,131

 

22,597

 

SPX Corporation

 

1,784,259

 

27,348

 

Stanley Black & Decker Inc.

 

2,214,368

 

12,000

 

Timken Company

 

678,960

 

 

 

Total Machinery

 

13,630,383

 

 

 

Media – 3.2%

 

 

 

44,936

 

CBS Corporation, Class B

 

2,098,062

 

114,249

 

Comcast Corporation, Class A

 

4,799,600

 

39,613

 

New York Times, Class A, (2)

 

388,207

 

35,396

 

Omnicom Group, Inc.

 

2,084,824

 

114,479

 

Regal Entertainment Group, Class A

 

1,908,365

 

92,204

 

Walt Disney Company

 

5,237,187

 

 

 

Total Media

 

16,516,245

 

 

 

Metals & Mining – 0.9%

 

 

 

88,284

 

Alcoa Inc.

 

752,180

 

44,474

 

Freeport-McMoRan Copper & Gold, Inc.

 

1,472,089

 

6,726

 

Newmont Mining Corporation

 

281,752

 

24,595

 

Nucor Corporation

 

1,135,059

 

32,749

 

Southern Copper Corporation

 

1,230,380

 

 

 

Total Metals & Mining

 

4,871,460

 

 

 

Multiline Retail – 1.1%

 

 

 

4,000

 

Family Dollar Stores, Inc.

 

236,200

 

36,680

 

Macy’s, Inc.

 

1,534,691

 

25,718

 

Nordstrom, Inc.

 

1,420,405

 

8,076

 

Sears Holding Corporation, (2)

 

403,558

 

30,023

 

Target Corporation

 

2,055,074

 

 

 

Total Multiline Retail

 

5,649,928

 

 

 

Multi-Utilities – 1.8%

 

 

 

40,212

 

Ameren Corporation

 

1,408,224

 

22,660

 

Consolidated Edison, Inc.

 

1,382,940

 

63,324

 

Integrys Energy Group, Inc.

 

3,682,924

 

15,734

 

Northwestern Corporation

 

627,157

 

60,347

 

Public Service Enterprise Group Incorporated

 

2,072,316

 

 

 

Total Multi-Utilities

 

9,173,561

 

 

 

Oil, Gas & Consumable Fuels – 8.5%

 

 

 

9,051

 

Cenovus Energy Inc.

 

280,490

 

75,513

 

Chevron Corporation

 

8,972,455

 

59,011

 

ConocoPhillips

 

3,546,561

 

39,168

 

CONSOL Energy Inc.

 

1,318,003

 

22,581

 

Continental Resources Inc., (2)

 

1,962,966

 

16,151

 

EnCana Corporation

 

314,298

 

26,969

 

EOG Resources, Inc.

 

3,453,920

 

170,355

 

Exxon Mobil Corporation

 

15,350,689

 

36,332

 

Occidental Petroleum Corporation

 

2,847,339

 

38,405

 

Phillips 66

 

2,687,198

 

4,626

 

Total SA, Sponsored ADR

 

221,955

 

69,748

 

Valero Energy Corporation

 

3,172,837

 

 

 

Total Oil, Gas & Consumable Fuels

 

44,128,711

 

 

 

Pharmaceuticals – 6.6%

 

 

 

72,041

 

AbbVie Inc.

 

2,937,832

 

111,190

 

Bristol-Myers Squibb Company

 

4,579,916

 

41,183

 

Eli Lilly and Company

 

2,338,783

 

116,804

 

Johnson & Johnson

 

9,523,030

 

132,433

 

Merck & Company Inc.

 

5,857,512

 

308,278

 

Pfizer Inc.

 

8,896,903

 

 

 

Total Pharmaceuticals

 

34,133,976

 

 

 

Professional Services – 0.1%

 

 

 

3,665

 

Manpower Inc.

 

207,879

 

6,949

 

Resources Connection, Inc.

 

88,252

 

 

 

Total Professional Services

 

296,131

 

 

 

Real Estate Investment Trust – 2.8%

 

 

 

79,873

 

Annaly Capital Management Inc.

 

1,269,182

 

39,521

 

Brandywine Realty Trust

 

586,887

 

44,183

 

CapLease Inc.

 

281,446

 

25,456

 

CommonWealth REIT

 

571,233

 

55,131

 

CubeSmart

 

871,070

 

15,432

 

Health Care REIT, Inc.

 

1,047,987

 

47,225

 

Healthcare Realty Trust, Inc.

 

1,340,718

 

45,684

 

Hospitality Properties Trust

 

1,253,569

 

88,469

 

Lexington Corporate Properties Trust

 

1,043,934

 

27,077

 

Liberty Property Trust

 

1,076,311

 

17,263

 

Medical Properties Trust Inc.

 

276,899

 

28,311

 

MFA Mortgage Investments, Inc.

 

263,859

 

26,716

 

Senior Housing Properties Trust

 

716,790

 

11,215

 

Sun Communities Inc.

 

553,236

 

25,238

 

Ventas Inc.

 

1,847,422

 

54,475

 

Weyerhaeuser Company

 

1,709,426

 

 

 

Total Real Estate Investment Trust

 

14,709,969

 

 

 

Road & Rail – 0.9%

 

 

 

17,765

 

Norfolk Southern Corporation

 

1,369,326

 

24,329

 

Union Pacific Corporation

 

3,464,693

 

 

 

Total Road & Rail

 

4,834,019

 

 

 

Semiconductors & Equipment – 2.3%

 

 

 

25,275

 

Analog Devices, Inc.

 

1,175,035

 

96,369

 

Applied Materials, Inc.

 

1,299,054

 

21,444

 

Broadcom Corporation, Class A

 

743,463

 

247,273

 

Intel Corporation

 

5,402,915

 

12,846

 

Intersil Holding Corporation, Class A

 

111,889

 

3,087

 

Lam Research Corporation, (2)

 

127,987

 

24,776

 

Microchip Technology Incorporated

 

910,766

 

27,856

 

NVIDIA Corporation

 

357,114

 

51,579

 

Texas Instruments Incorporated

 

1,830,023

 

 

 

Total Semiconductors & Equipment

 

11,958,246

 

 

 

Software – 3.7%

 

 

 

23,572

 

Adobe Systems Incorporated, (2)

 

1,025,618

 

18,599

 

Autodesk, Inc., (2)

 

767,023

 

336,167

 

Microsoft Corporation

 

9,617,738

 

181,687

 

Oracle Corporation

 

5,875,758

 

9,475

 

Salesforce.com, Inc., (2)

 

1,694,414

 

 

 

Total Software

 

18,980,551

 

 

 

Specialty Retail – 2.4%

 

 

 

18,330

 

Abercrombie & Fitch Co., Class A

 

846,846

 

41,497

 

American Eagle Outfitters, Inc.

 

775,994

 

21,475

 

Best Buy Co., Inc.

 

475,671

 

50,218

 

Home Depot, Inc.

 

3,504,212

 

36,675

 

Limited Brands, Inc.

 

1,637,901

 

71,238

 

Lowe’s Companies, Inc.

 

2,701,345

 

364

 

Orchard Supply Hardware Stores Corporation, (2)

 

1,441

 

472

 

Ross Stores, Inc.

 

28,613

 

13,465

 

Tiffany & Co.

 

936,356

 

28,637

 

TJX Companies, Inc.

 

1,338,780

 

 

 

Total Specialty Retail

 

12,247,159

 

 

 

Textiles, Apparel & Luxury Goods – 0.5%

 

 

 

7,159

 

Cherokee Inc.

 

98,078

 

14,066

 

VF Corporation

 

2,359,572

 

 

 

Total Textiles, Apparel & Luxury Goods

 

2,457,650

 

 

 

Thrifts & Mortgage Finance – 0.2%

 

 

 

36,703

 

Hudson City Bancorp, Inc.

 

317,114

 

60,610

 

New York Community Bancorp Inc.

 

869,754

 

 

 

Total Thrifts & Mortgage Finance

 

1,186,868

 

 

 

Tobacco – 2.1%

 

 

 

97,022

 

Altria Group, Inc.

 

3,336,587

 

69,806

 

Philip Morris International

 

6,471,714

 

20,787

 

Reynolds American Inc.

 

924,814

 

5,109

 

Vector Group Ltd.

 

82,357

 

 

 

Total Tobacco

 

10,815,472

 

 

 

Wireless Telecommunication Services – 0.0%

 

 

 

5,500

 

USA Mobility Inc.

 

72,985

 

 

 

Total Common Stocks (cost $361,148,815)

 

521,810,760

 

 

 

 

 

 

 

 

 

 

 

Principal

 

 

 

 

 

 

 

 

 

Amount (000)

 

Description (1)

 

Coupon

 

Maturity

 

Value

 

 

 

Short-Term Investments – 4.5%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$        23,525

 

Repurchase Agreement with Fixed Income Clearing Corporation, dated 3/28/13, repurchase price $23,524,777, collateralized by $24,110,000 U.S. Treasury Notes, 0.500%, due 7/31/17, value $23,998,684

 

0.010%

 

4/01/13

 

$    23,524,751

 

 

 

Total Short-Term Investments (cost $23,524,751)

 

 

 

 

 

23,524,751

 

 

 

Total Investments (cost $384,673,566) – 104.9%

 

 

 

 

 

545,335,511

 

 

 

Other Assets Less Liabilities – (4.9)% (3)

 

 

 

 

 

(25,301,547

)

 

 

Net Assets – 100%

 

 

 

 

 

$  520,033,964

 

 

 

Investments in Derivatives as of March 31, 2013

 

Call Options Written outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of

 

 

 

Notional

 

Expiration

 

Strike

 

 

 

Contracts

 

Type

 

Amount (4)

 

Date

 

Price

 

Value (3

)

 

 

Call Options Written — (3.0)%

 

 

 

 

 

 

 

 

 

(801

)

S&P 500 Index

 

$  (120,150,000)

 

4/20/13

 

$  1,500

 

$    (5,623,020

)

(384

)

S&P 500 Index

 

(58,560,000)

 

4/20/13

 

1,525

 

(1,837,440

)

(654

)

S&P 500 Index

 

(101,370,000)

 

4/20/13

 

1,550

 

(1,801,770

)

(409

)

S&P 500 Index

 

(62,372,500)

 

5/18/13

 

1,525

 

(2,229,050

)

(446

)

S&P 500 Index

 

(68,461,000)

 

5/18/13

 

1,535

 

(2,087,280

)

(600

)

S&P 500 Index

 

(93,000,000)

 

5/18/13

 

1,550

 

(2,148,000

)

(3,294

)

Total Call Options Written (premiums received $10,287,375)

 

$  (503,913,500)

 

 

 

 

 

$  (15,726,560

)

 

 

 

 

 

 

Fair Value Measurements

 

 

 

Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.

 

 

 

Level 1 - Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.

Level 2 - Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3 - Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

Long-Term Investments:

 

 

 

 

 

 

 

 

 

 

 

Common Stocks

 

$   521,810,760

 

$                   –

 

$            –

 

$   521,810,760

 

 

 

Short-Term Investments:

 

 

 

 

 

 

 

 

 

 

 

Repurchase Agreements

 

 

23,524,751

 

 

23,524,751

 

 

 

Derivatives:

 

 

 

 

 

 

 

 

 

 

 

Call Options Written

 

(15,726,560

)

 

 

(15,726,560

)

 

 

Total

 

$   506,084,200

 

$  23,524,751

 

$            –

 

$   529,608,951

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Tax Information

 

The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recording income, timing differences in recognizing certain gains and losses on investment transactions and the recognition of unrealized gain or loss for tax (mark-to-market) on option contracts. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.

 

As of March 31, 2013, the cost of investments (excluding investments in derivatives) was $385,085,811.

 

Gross unrealized appreciation and gross unrealized depreciation of investments (excluding investments in derivatives) as of March 31, 2013, were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross unrealized:

 

 

 

 

 

 

 

Appreciation

 

 

 

$   197,947,141

 

 

 

Depreciation

 

 

 

(37,697,441

)

 

 

 

 

 

 

 

 

 

 

Net unrealized appreciation (depreciation) of investments

 

 

 

$   160,249,700

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.

 

 

 

(1)

 

All percentages in the Portfolio of Investments are based on net assets.

 

 

 

(2)

 

Non-income producing; issuer has not declared a dividend within the past twelve months.

 

 

 

(3)

 

Other Assets Less Liabilities includes the Value of derivative instruments as listed within Investments in Derivatives as of the end of the reporting period.

 

 

 

(4)

 

For disclosure purposes, Notional Amount is calculated by multiplying the Number of Contracts by the Strike Price by 100.

 

 

 

(5)

 

The Fund may designate up to 100% of its common stock investments to cover outstanding call options written.

 

 

 

ADR

 

American Depositary Receipt.

 

 

 

REIT

 

Real Estate Investment Trust.

 

 



 

Item 2. Controls and Procedures.

a.                The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).

b.                There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: EX-99 CERT Attached hereto.

 



 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant)

Nuveen Equity Premium Income Fund

 

 

 

 

 

 

 

By (Signature and Title)

/s/ Kevin J. McCarthy

 

 

Kevin J. McCarthy

 

 

Vice President and Secretary

 

 

 

Date: May 30, 2013

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

 

By (Signature and Title)

/s/ Gifford R. Zimmerman

 

 

Gifford R. Zimmerman

 

 

Chief Administrative Officer (principal executive officer)

 

 

 

Date: May 30, 2013

 

 

 

By (Signature and Title)

/s/ Stephen D. Foy

 

 

Stephen D. Foy

 

 

Vice President and Controller (principal financial officer)

 

 

 

Date: May 30, 2013