Investment Company Act file number 811-7490
Nuveen Virginia Premium Income Municipal Fund
(Exact name of registrant as specified in charter)
333 West Wacker Drive, Chicago, Illinois 60606
(Address of principal executive offices) (Zip code)
Jessica R. DroegerVice 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: 05/31
Date of reporting period: 08/31/05
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 Virginia Premium Income Municipal Fund (NPV) August 31, 2005 |
Principal | Optional Call | Market | ||||||||||
Amount (000) | Description(1) | Provisions* | Ratings** | Value | ||||||||
| ||||||||||||
Consumer Staples - 4.0% (2.8% of Total Investments) | ||||||||||||
Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset-Backed Bonds, Series | ||||||||||||
2005: | ||||||||||||
$ | 1,575 | 5.250%, 6/01/19 | 6/15 at 100.00 | BBB | $ | 1,635,149 | ||||||
3,850 | 5.500%, 6/01/26 | 6/15 at 100.00 | BBB | 4,013,394 | ||||||||
| ||||||||||||
Education and Civic Organizations - 9.6% (6.7% of Total Investments) | ||||||||||||
3,500 | Alexandria Industrial Development Authority, Virginia, Fixed Rate Revenue Bonds, Institute for | 10/10 at 101.00 | AAA | 3,932,950 | ||||||||
Defense Analyses, Series 2000A, 5.900%, 10/01/30 - AMBAC Insured | ||||||||||||
1,000 | Prince William County Industrial Development Authority, Virginia, Educational Facilities Revenue | 10/13 at 101.00 | A3 | 1,061,210 | ||||||||
Bonds, Catholic Diocese of Arlington, Series 2003, 5.500%, 10/01/33 | ||||||||||||
500 | Prince William County Park Authority, Virginia, Park Facilities Revenue Refunding and Improvement | 10/09 at 101.00 | A3 | 546,965 | ||||||||
Bonds, Series 1999, 6.000%, 10/15/28 | ||||||||||||
700 | Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities | 12/12 at 101.00 | BBB | 749,728 | ||||||||
Financing Authority, Higher Education Revenue Refunding Bonds, Ana G. Mendez University System, | ||||||||||||
Series 2002, 5.375%, 12/01/21 | ||||||||||||
500 | Rockbridge County Industrial Development Authority, Virginia, Horse Center Revenue Refunding Bonds, | 7/11 at 100.00 | B2 | 502,815 | ||||||||
Series 2001C, 6.850%, 7/15/21 | ||||||||||||
475 | The Rector and Visitors of the University of Virginia, General Revenue Bonds, Series 2005, 5.000%, | 6/15 at 100.00 | AAA | 525,336 | ||||||||
6/01/18 | ||||||||||||
2,000 | Virginia College Building Authority, Educational Facilities Revenue Bonds, Public Higher Education | No Opt. Call | Aa1 | 2,214,380 | ||||||||
Financing Program, Series 2004B, 5.000%, 9/01/13 | ||||||||||||
2,120 | Virginia College Building Authority, Educational Facilities Revenue Bonds, Public Higher Education | 9/11 at 100.00 | AA+ | 2,230,367 | ||||||||
Financing Program, Series 2001A, 5.000%, 9/01/26 | ||||||||||||
1,635 | Virginia Commonwealth University, Revenue Bonds, Series 2004A, 5.000%, 5/01/17 - AMBAC Insured | 5/14 at 101.00 | AAA | 1,791,077 | ||||||||
| ||||||||||||
Healthcare - 20.2% (14.0% of Total Investments) | ||||||||||||
2,000 | Albemarle County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Martha | 10/12 at 100.00 | A2 | 2,083,400 | ||||||||
Jefferson Hospital, Series 2002, 5.250%, 10/01/35 | ||||||||||||
4,850 | Fairfax County Industrial Development Authority, Virginia, Hospital Revenue Refunding Bonds, Inova | No Opt. Call | AA+ | 5,332,478 | ||||||||
Health System, Series 1993A, 5.000%, 8/15/23 | ||||||||||||
1,200 | Fredericksburg Industrial Development Authority, Virginia, Revenue Bonds, MediCorp Health System, | 6/12 at 100.00 | A3 | 1,240,188 | ||||||||
Series 2002B, 5.125%, 6/15/33 | ||||||||||||
1,000 | Hanover County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Memorial | No Opt. Call | AAA | 1,203,890 | ||||||||
Regional Medical Center, Series 1995, 6.375%, 8/15/18 - MBIA Insured | ||||||||||||
4,650 | Hanover County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Bon Secours | 2/06 at 102.00 | AAA | 4,750,905 | ||||||||
Health System, Series 1995, 5.500%, 8/15/25 - MBIA Insured | ||||||||||||
1,500 | Henrico County Economic Development Authority, Virginia, Revenue Bonds, Bon Secours Health System | 11/12 at 100.00 | A- | 1,597,725 | ||||||||
Inc., Series 2002A, 5.600%, 11/15/30 | ||||||||||||
1,500 | Henrico County Industrial Development Authority, Virginia, Healthcare Revenue Bonds, Bon Secours | No Opt. Call | AAA | 1,876,110 | ||||||||
Health System, Series 1996, 6.250%, 8/15/20 - MBIA Insured | ||||||||||||
1,950 | Manassas Industrial Development Authority, Virginia, Hospital Revenue Bonds, Prince William | 4/13 at 100.00 | A2 | 2,046,194 |
Hospital, Series 2002, 5.250%, 4/01/33 | ||||||||||
4,750 | Medical College of Virginia Hospital Authority, General Revenue Bonds, Series 1998, 5.125%, | 7/08 at 102.00 | AAA | 4,976,053 | ||||||
7/01/23 - MBIA Insured | ||||||||||
3,000 | Roanoke Industrial Development Authority, Virginia, Hospital Revenue Bonds, Carilion Health System, | 7/12 at 100.00 | AAA | 3,288,150 | ||||||
Series 2002A, 5.500%, 7/01/19 - MBIA Insured | ||||||||||
| ||||||||||
Housing/Multifamily - 4.4% (3.1% of Total Investments) | ||||||||||
1,455 | Arlington County Industrial Development Authority, Virginia, Multifamily Housing Revenue Bonds, | 5/10 at 100.00 | Aaa | 1,539,463 | ||||||
Patrick Henry Apartments, Series 2000, 6.050%, 11/01/32 (Alternative Minimum Tax) (Mandatory put | ||||||||||
11/01/20) | ||||||||||
Danville Industrial Development Authority, Virginia, Student Housing Revenue Bonds, Collegiate | ||||||||||
Housing Foundation, Averett College, Series 1999A: | ||||||||||
500 | 6.875%, 6/01/20 | 6/09 at 102.00 | N/R | 499,010 | ||||||
1,500 | 7.000%, 6/01/30 | 6/09 at 102.00 | N/R | 1,500,825 | ||||||
1,495 | Henrico County Economic Development Authority, Virginia, GNMA Mortgage-Backed Securities Program | 7/09 at 102.00 | AAA | 1,645,487 | ||||||
Assisted Living Revenue Bonds, Beth Sholom, Series 1999A, 5.900%, 7/20/29 | ||||||||||
1,000 | Lynchburg Redevelopment and Housing Authority, Virginia, Vistas GNMA Mortgage-Backed Revenue Bonds, | 4/10 at 102.00 | AAA | 1,049,720 | ||||||
Series 2000A, 6.200%, 1/20/40 (Alternative Minimum Tax) | ||||||||||
| ||||||||||
Housing/Single Family - 1.0% (0.7% of Total Investments) | ||||||||||
350 | Puerto Rico Housing Finance Authority, Mortgage-Backed Securities Program Home Mortgage Revenue | 6/13 at 100.00 | AAA | 353,304 | ||||||
Bonds, Series 2003A, 4.875%, 6/01/34 (Alternative Minimum Tax) | ||||||||||
1,000 | Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2001H-1, 5.350%, | 7/11 at 100.00 | AAA | 1,039,380 | ||||||
7/01/31 - MBIA Insured | ||||||||||
| ||||||||||
Industrials - 1.5% (1.0% of Total Investments) | ||||||||||
2,000 | Charles County Industrial Development Authority, Virginia, Solid Waste Disposal Facility Revenue | No Opt. Call | BBB | 2,060,660 | ||||||
Refunding Bonds, USA Waste of Virginia Inc., Series 1999, 4.875%, 2/01/09 (Alternative Minimum | ||||||||||
Tax) | ||||||||||
| ||||||||||
Materials - 1.8% (1.3% of Total Investments) | ||||||||||
500 | Bedford County Industrial Development Authority, Virginia, Industrial Development Revenue Refunding | 2/08 at 102.00 | Ba3 | 501,715 | ||||||
Bonds, Nekoosa Packaging Corporation, Series 1998, 5.600%, 12/01/25 (Alternative Minimum Tax) (a) | ||||||||||
1,000 | Goochland County Industrial Development Authority, Virginia, Industrial Development Revenue | 12/08 at 101.00 | Ba3 | 1,017,600 | ||||||
Refunding Bonds, Nekoosa Packaging Corporation Project, Series 1998, 5.650%, 12/01/25 (Alternative | ||||||||||
Minimum Tax) (a) | ||||||||||
1,000 | Isle of Wight County Industrial Development Authority, Virginia, Solid Waste Disposal Facilities | 5/07 at 102.00 | BBB | 1,035,490 | ||||||
Revenue Bonds, Union Camp Corporation, Series 1997, 6.100%, 5/01/27 (Alternative Minimum Tax) | ||||||||||
| ||||||||||
Tax Obligation/General - 24.3% (16.9% of Total Investments) | ||||||||||
900 | Alexandria, Virginia, General Obligation Bonds, Series 2004B, 5.000%, 6/15/13 | No Opt. Call | AAA | 1,002,195 | ||||||
900 | Alexandria, Virginia, General Obligation Bonds, Series 2004C, 5.000%, 12/15/11 | No Opt. Call | AAA | 992,007 | ||||||
1,400 | Arlington County, Virginia, General Obligation Bonds, Series 2005, 5.000%, 5/15/16 | 5/15 at 100.00 | AAA | 1,564,752 | ||||||
Chesapeake, Virginia, General Obligation Water and Sewerage Bonds, Series 2003B: | ||||||||||
1,880 | 5.000%, 6/01/21 | 6/13 at 100.00 | AA | 2,017,710 | ||||||
2,060 | 5.000%, 6/01/23 | 6/13 at 100.00 | AA | 2,200,945 | ||||||
1,355 | Harrisonburg, Virginia, General Obligation Bonds, Public Safety and Steam Plant, Series 2002, | 7/12 at 101.00 | AAA | 1,473,142 | ||||||
5.000%, 7/15/19 - FGIC Insured | ||||||||||
1,390 | Henrico County, Virginia, General Obligation Bonds, Series 2005, 5.000%, 7/15/16 | 7/15 at 100.00 | AAA | 1,555,938 | ||||||
1,920 | Loudoun County, Virginia, General Obligation Public Improvement Bonds, Series 2005A, 5.000%, | No Opt. Call | Aaa | 2,147,174 | ||||||
7/01/14 | ||||||||||
105 | Loudoun County, Virginia, General Obligation Public Improvement Bonds, Series 2002A, 5.250%, | 5/12 at 100.00 | Aaa | 115,378 |
5/01/22 | ||||||||||
1,435 | Loudoun County, Virginia, General Obligation Public Improvement Bonds, Series 2005B, 5.000%, | 6/15 at 100.00 | Aaa | 1,589,550 | ||||||
6/01/18 | ||||||||||
1,185 | Lynchburg, Virginia, General Obligation Bonds, Series 2004, 5.000%, 6/01/21 | 6/14 at 100.00 | AA | 1,289,481 | ||||||
Newport News, Virginia, General Obligation Bonds, General Improvement and Water Projects, Series | ||||||||||
2002A: | ||||||||||
2,770 | 5.000%, 7/01/19 | 7/13 at 100.00 | AA | 3,022,846 | ||||||
1,000 | 5.000%, 7/01/20 | 7/13 at 100.00 | AA | 1,086,730 | ||||||
1,350 | Newport News, Virginia, General Obligation Bonds, Series 2004C, 5.000%, 5/01/16 | 5/14 at 101.00 | AA | 1,493,640 | ||||||
1,400 | Northern Mariana Islands, General Obligation Bonds, Series 2000A, 6.000%, 6/01/20 - ACA Insured | 6/10 at 100.00 | A | 1,495,900 | ||||||
1,000 | Portsmouth, Virginia, General Obligation Bonds, Series 2003, 5.000%, 7/01/12 - FSA Insured | No Opt. Call | AAA | 1,103,520 | ||||||
1,480 | Richmond, Virginia, General Obligation Bonds, Series 2004A, 5.000%, 7/15/21 - FSA Insured | 7/14 at 100.00 | AAA | 1,607,413 | ||||||
1,715 | Richmond, Virginia, General Obligation Bonds, Series 2005A, 5.000%, 7/15/20 - FSA Insured | 7/15 at 100.00 | AAA | 1,880,806 | ||||||
1,430 | Roanoke, Virginia, General Obligation Public Improvement Bonds, Series 2002A, 5.000%, 10/01/17 | 10/12 at 101.00 | AA | 1,568,267 | ||||||
1,425 | Virginia Beach, Virginia, General Obligation Public Improvement Bonds, Series 2001, 5.000%, | 6/11 at 101.00 | AA+ | 1,545,498 | ||||||
6/01/20 | ||||||||||
2,155 | Virginia Beach, Virginia, General Obligation Bonds, Series 2003B, 5.000%, 5/01/15 | 5/13 at 100.00 | AA+ | 2,359,984 | ||||||
1,000 | Virginia Beach, Virginia, General Obligation Bonds, Series 2004B, 5.000%, 5/01/13 | No Opt. Call | AA+ | 1,104,650 | ||||||
| ||||||||||
Tax Obligation/Limited - 27.8% (19.3% of Total Investments) | ||||||||||
Buena Vista Public Recreational Facilities Authority, Virginia, Lease Revenue Bonds, Golf Course | ||||||||||
Project, Series 2005A: | ||||||||||
335 | 5.250%, 7/15/25 - ACA Insured | 7/15 at 100.00 | A | 356,343 | ||||||
260 | 5.500%, 7/15/35 - ACA Insured | 7/15 at 100.00 | A | 278,663 | ||||||
Cumberland County, Virginia, Certificates of Participation, Series 1997: | ||||||||||
1,075 | 6.200%, 7/15/12 | No Opt. Call | N/R | 1,168,761 | ||||||
1,350 | 6.375%, 7/15/17 | No Opt. Call | N/R | 1,534,073 | ||||||
500 | Dinwiddie County Industrial Development Authority, Virginia, Lease Revenue Bonds, Dinwiddie County | 2/07 at 102.00 | N/R | 520,075 | ||||||
School Facilities, Series 1997A, 6.000%, 2/01/18 | ||||||||||
1,000 | Dinwiddie County Industrial Development Authority, Virginia, Lease Revenue Bonds, Series 2004B, | 2/14 at 100.00 | AAA | 1,101,570 | ||||||
5.125%, 2/15/16 - MBIA Insured | ||||||||||
Fairfax County Economic Development Authority, Virginia, Lease Revenue Bonds, Laurel Hill Public | ||||||||||
Facilities Projects, Series 2003: | ||||||||||
2,260 | 5.000%, 6/01/14 | 6/13 at 101.00 | AA+ | 2,497,097 | ||||||
2,165 | 5.000%, 6/01/22 | 6/13 at 101.00 | AA+ | 2,333,610 | ||||||
1,660 | Front Royal and Warren County Industrial Development Authority, Virginia, Lease Revenue Bonds, | 4/14 at 100.00 | AAA | 1,801,515 | ||||||
Series 2004B, 5.000%, 4/01/18 - FSA Insured | ||||||||||
1,270 | James City County Economic Development Authority, Virginia, Revenue Bonds, County Government | 7/15 at 100.00 | AA- | 1,388,402 | ||||||
Projects, Series 2005, 5.000%, 7/15/19 | ||||||||||
2,000 | Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2002D, 5.000%, | 7/12 at 100.00 | AAA | 2,111,700 | ||||||
7/01/32 - FSA Insured | ||||||||||
Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Refunding Bonds, | ||||||||||
Series 2002D: | ||||||||||
265 | 5.250%, 7/01/27 | 7/12 at 100.00 | BBB | 283,637 | ||||||
320 | 5.250%, 7/01/36 | 7/12 at 100.00 | BBB | 340,992 | ||||||
1,110 | Spotsylvania County Industrial Development Authority, Virginia, Lease Revenue Bonds, School | 8/13 at 100.00 | AAA | 1,139,870 | ||||||
Facilities, Series 2003B, 4.375%, 8/01/20 - AMBAC Insured | ||||||||||
2,000 | Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Series 1999A, 6.500%, | 10/10 at 101.00 | BBB | 2,266,900 | ||||||
10/01/24 | ||||||||||
1,400 | Virginia Beach Development Authority, Public Facilities Revenue Bonds, Series 2005A, 5.000%, | 5/15 at 100.00 | AA | 1,549,716 |
5/01/16 | ||||||||||
1,855 | Virginia College Building Authority, Educational Facilities Revenue Bonds, 21st Century College | No Opt. Call | AA+ | 2,015,958 | ||||||
Program, Series 2004A, 5.000%, 2/01/11 | ||||||||||
2,000 | Virginia College Building Authority, Educational Facilities Revenue Bonds, 21st Century College | 2/12 at 100.00 | AA+ | 2,143,700 | ||||||
Program, Series 2002A, 5.000%, 2/01/22 | ||||||||||
2,250 | Virginia Transportation Board, Transportation Revenue Bonds, Northern Virginia Transportation | No Opt. Call | AA+ | 2,499,503 | ||||||
District Program, Series 2004A, 5.000%, 5/15/14 | ||||||||||
2,000 | Virginia Public Building Authority, Public Facilities Revenue Bonds, Series 2004B, 5.000%, 8/01/11 | No Opt. Call | AA+ | 2,184,700 | ||||||
875 | Virginia Public School Authority, School Financing Bonds, 1997 Resolution, Series 2004C, 5.000%, | No Opt. Call | AA+ | 955,806 | ||||||
8/01/11 | ||||||||||
2,000 | Virginia Public School Authority, School Financing Bonds, 1997 Resolution, Series 2000B, 5.000%, | 8/10 at 101.00 | AA+ | 2,160,180 | ||||||
8/01/18 | ||||||||||
Virginia Resources Authority, Infrastructure Revenue Bonds, Pooled Loan Bond Program, Series 2000B: | ||||||||||
1,120 | 5.500%, 5/01/20 - FSA Insured | 5/10 at 101.00 | AAA | 1,230,723 | ||||||
3,060 | 5.500%, 5/01/30 - FSA Insured | 5/10 at 101.00 | AAA | 3,341,734 | ||||||
1,740 | Virginia Resources Authority, Infrastructure Revenue Bonds, Pooled Loan Bond Program, Series 2002A, | 5/11 at 101.00 | AA | 1,885,447 | ||||||
5.000%, 5/01/19 | ||||||||||
| ||||||||||
Transportation - 12.0% (8.4% of Total Investments) | ||||||||||
755 | Metropolitan District of Columbia Airports Authority, Virginia, Airport System Revenue Bonds, | 10/07 at 101.00 | Aa3 | 792,357 | ||||||
Series 1997A, 5.375%, 10/01/23 | ||||||||||
4,000 | Norfolk Airport Authority, Virginia, Airport Revenue Bonds, Series 2001A, 5.125%, 7/01/31 - FGIC | 7/11 at 100.00 | AAA | 4,197,880 | ||||||
Insured | ||||||||||
530 | Pocahontas Parkway Association, Virginia, Senior Lien Revenue Bonds, Route 895 Connector Toll Road, | 8/08 at 102.00 | BB- | 553,511 | ||||||
Series 1998A, 5.500%, 8/15/28 | ||||||||||
2,500 | Richmond Metropolitan Authority, Virginia, Revenue Refunding Bonds, Expressway System, Series 2002, | No Opt. Call | AAA | 2,909,175 | ||||||
5.250%, 7/15/22 - FGIC Insured | ||||||||||
6,065 | Virginia Port Authority, Revenue Bonds, Port Authority Facilities, Series 1997, 5.600%, 7/01/27 | 7/07 at 101.00 | AAA | 6,337,015 | ||||||
(Alternative Minimum Tax) - MBIA Insured | ||||||||||
2,000 | Virginia Resources Authority, Airports Revolving Fund Revenue Bonds, Series 2001A, 5.250%, 8/01/23 | 2/11 at 100.00 | Aa2 | 2,148,800 | ||||||
| ||||||||||
U.S. Guaranteed *** - 16.8% (11.7% of Total Investments) | ||||||||||
750 | Bristol, Virginia, General Obligation Utility System Revenue Bonds, Series 2002, 5.000%, 11/01/24 - | 11/12 at 102.00 | AAA | 841,845 | ||||||
FSA Insured | ||||||||||
1,215 | Puerto Rico, The Children's Trust Fund, Tobacco Settlement Asset-Backed Bonds, Series 2000, | 7/10 at 100.00 | AAA | 1,291,181 | ||||||
5.750%, 7/01/20 (Pre-refunded to 7/01/10) | ||||||||||
2,000 | Fairfax County Water Authority, Virginia, Water Revenue Bonds, Series 2000, 5.625%, 4/01/25 | 4/10 at 101.00 | AAA | 2,227,440 | ||||||
(Pre-refunded to 4/01/10) | ||||||||||
Fairfax County Water Authority, Virginia, Water Revenue Refunding Bonds, Series 2002: | ||||||||||
1,925 | 5.375%, 4/01/19 (Pre-refunded to 4/01/12) | 4/12 at 100.00 | AAA | 2,150,514 | ||||||
200 | 5.000%, 4/01/27 (Pre-refunded to 4/01/12) | 4/12 at 100.00 | AAA | 219,036 | ||||||
1,000 | Fairfax County Economic Development Authority, Virginia, Parking Revenue Bonds, Vienna II Metrorail | 9/09 at 102.00 | AA*** | 1,125,790 | ||||||
Station, First Series 1999, 6.000%, 9/01/18 (Pre-refunded to 9/01/09) | ||||||||||
Greater Richmond Convention Center Authority, Virginia, Hotel Tax Revenue Bonds, Convention Center | ||||||||||
Expansion Project, Series 2000: | ||||||||||
600 | 6.125%, 6/15/25 (Pre-refunded to 6/15/10) | 6/10 at 101.00 | AAA | 681,240 | ||||||
2,000 | 6.125%, 6/15/29 (Pre-refunded to 6/15/10) | 6/10 at 101.00 | AAA | 2,270,800 | ||||||
Hampton, Virginia, General Obligation Public Improvement Bonds, Series 2000: | ||||||||||
890 | 5.750%, 2/01/17 (Pre-refunded to 2/01/10) | 2/10 at 102.00 | AA*** | 1,000,120 | ||||||
2,000 | 6.000%, 2/01/20 (Pre-refunded to 2/01/10) | 2/10 at 102.00 | AA*** | 2,267,920 | ||||||
480 | Loudoun County, Virginia, General Obligation Public Improvement Bonds, Series 2002A, 5.250%, | 5/12 at 100.00 | Aaa | 533,822 |
5/01/22 (Pre-refunded to 5/01/12) | |||||||||||||
Loudoun County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Loudoun Hospital | |||||||||||||
Center, Series 2002A: | |||||||||||||
375 | 6.000%, 6/01/22 (Pre-refunded to 6/01/12) | 6/12 at 101.00 | BBB*** | 431,625 | |||||||||
800 | 6.100%, 6/01/32 (Pre-refunded to 6/01/12) | 6/12 at 101.00 | BBB*** | 925,560 | |||||||||
1,230 | Middlesex County Industrial Development Authority, Virginia, Lease Revenue Bonds, School Facilities | 8/09 at 102.00 | AAA | 1,382,618 | |||||||||
Project, Series 1999, 6.000%, 8/01/24 (Pre-refunded to 8/01/09) - MBIA Insured | |||||||||||||
2,500 | Puerto Rico Infrastructure Financing Authority, Special Obligation Bonds, Series 2000A, 5.500%, | 10/10 at 101.00 | AAA | 2,752,475 | |||||||||
10/01/40 | |||||||||||||
Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Refunding Bonds, | |||||||||||||
Series 2002D: | |||||||||||||
735 | 5.250%, 7/01/27 (Pre-refunded to 7/01/12) | 7/12 at 100.00 | BBB*** | 815,600 | |||||||||
880 | 5.250%, 7/01/36 (Pre-refunded to 7/01/12) | 7/12 at 100.00 | BBB*** | 976,501 | |||||||||
1,000 | Virginia College Building Authority, Educational Facilities Revenue Bonds, Hampton University, | 4/10 at 101.00 | A+*** | 1,125,510 | |||||||||
Series 2000, 6.000%, 4/01/20 (Pre-refunded to 4/01/10) | |||||||||||||
500 | Virginia Resources Authority, Clean Water State Revolving Fund Revenue Bonds, Series 1999, 5.625%, | 10/10 at 100.00 | AAA | 557,320 | |||||||||
10/01/22 (Pre-refunded to 10/01/10) | |||||||||||||
| |||||||||||||
Utilities - 11.4% (7.9% of Total Investments) | |||||||||||||
Bristol, Virginia, Utility System Revenue Refunding Bonds, Series 2003: | |||||||||||||
1,705 | 5.250%, 7/15/14 - MBIA Insured | 7/13 at 100.00 | AAA | 1,906,582 | |||||||||
1,800 | 5.250%, 7/15/15 - MBIA Insured | 7/13 at 100.00 | AAA | 2,008,476 | |||||||||
2,775 | 5.250%, 7/15/23 - MBIA Insured | 7/13 at 100.00 | AAA | 3,080,306 | |||||||||
2,500 | Mecklenburg County Industrial Development Authority, Virginia, Revenue Bonds, UAE Mecklenburg | 10/12 at 100.00 | A3 | 2,832,550 | |||||||||
Cogeneration LP, Series 2002, 6.500%, 10/15/17 (Alternative Minimum Tax) | |||||||||||||
3,500 | Richmond, Virginia, Public Utility Revenue Refunding Bonds, Series 1998A, 5.125%, 1/15/28 - FGIC | 1/08 at 101.00 | AAA | 3,661,315 | |||||||||
Insured | |||||||||||||
Richmond, Virginia, Public Utility Revenue Refunding Bonds, Series 2002: | |||||||||||||
750 | 5.000%, 1/15/27 - FSA Insured | 1/12 at 100.00 | AAA | 789,848 | |||||||||
1,600 | 5.000%, 1/15/33 - FSA Insured | 1/12 at 100.00 | AAA | 1,676,752 | |||||||||
| |||||||||||||
Water and Sewer - 9.0% (6.2% of Total Investments) | |||||||||||||
Fairfax County Water Authority, Virginia, Water Revenue Refunding Bonds, Series 2002: | |||||||||||||
105 | 5.375%, 4/01/19 | 4/12 at 100.00 | AAA | 116,582 | |||||||||
800 | 5.000%, 4/01/27 | 4/12 at 100.00 | AAA | 846,584 | |||||||||
1,650 | Henrico County, Virginia, Water and Sewer System Revenue Refunding Bonds, Series 1999, 5.000%, | 5/09 at 102.00 | AA+ | 1,749,462 | |||||||||
5/01/28 | |||||||||||||
1,000 | Loudoun County Sanitation Authority, Virginia, Water and Sewerage System Revenue Bonds, Series | 1/15 at 100.00 | AA+ | 1,075,990 | |||||||||
2004, 5.000%, 1/01/26 | |||||||||||||
1,200 | Norfolk, Virginia, Water Revenue Bonds, Series 1995, 5.875%, 11/01/20 - MBIA Insured | 11/05 at 102.00 | AAA | 1,229,532 | |||||||||
Norfolk, Virginia, Water Revenue Refunding Bonds, Series 2001: | |||||||||||||
1,310 | 5.000%, 11/01/21 - FGIC Insured | 11/11 at 100.00 | AAA | 1,407,556 | |||||||||
1,380 | 5.000%, 11/01/22 - FGIC Insured | 11/11 at 100.00 | AAA | 1,482,769 | |||||||||
1,955 | Rivanna Water and Sewerage Authority, Virginia, Regional Water and Sewerage System Revenue Bonds, | 10/09 at 101.00 | Aa3 | 2,130,263 | |||||||||
Series 1999, 5.625%, 10/01/29 | |||||||||||||
2,250 | Virginia Beach, Virginia, Storm Water Utility Revenue Bonds, Series 2000, 6.000%, 9/01/24 | 9/10 at 101.00 | Aa3 | 2,535,930 | |||||||||
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$ | 186,390 | Total Long-Term Investments (cost $189,002,535) - 143.8% | 202,195,471 | ||||||||||
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Other Assets Less Liabilities - 1.6% | 2,192,737 | ||||||||||||
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Preferred Shares, at Liquidation Value - (45.4)% | (63,800,000 | ) | |||||||||||
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Net Assets Applicable to Common Shares - 100% | $ | 140,588,208 | |||||||||||
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(1 | ) | All percentages shown in the Portfolio of Investments are based on net assets applicable to Common shares | |
unless otherwise noted. | |||
* | Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There | ||
may be other call provisions at varying prices at later dates. | |||
** | Ratings: Using the higher of Standard & Poor's or Moody's rating. | ||
*** | Securities are backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency | ||
securities which ensures the timely payment of principal and interest. Such securities are normally considered | |||
to be equivalent to AAA rated securities. | |||
N/R | Investment is not rated. | ||
(a) | The issuer has received a preliminary adverse determination from the Internal Revenue Service (the IRS) | ||
regarding the tax-exempt status of the bonds coupon payments. The Fund will continue to treat coupon | |||
payments as tax-exempt income until such time that it is formally determined that the interest on the bonds | |||
should be treated as taxable. |
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 recognizing
income on taxable market
discount securities and timing differences in
recognizing certain gains and losses on investment transactions.
At August 31, 2005, the cost of investments was $188,749,123.
Gross unrealized appreciation and gross unrealized depreciation of investments at August 31, 2005, were as follows:
Gross unrealized: | |||||
Appreciation | $ | 13,461,406 | |||
Depreciation | (15,058 | ) | |||
| |||||
Net unrealized appreciation of investments | $ | 13,446,348 |
Item 2. Controls and Procedures.
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.
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 Virginia Premium Income Municipal Fund
By (Signature and Title)* /s/ Jessica R. Droeger--Vice President and Secretary
Date 10/28/05
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--Chief Administrative Officer (principal executive officer)
Date 10/28/05
By (Signature and Title)* /s/ Stephen D. Foy--Vice President and Controller (principal financial officer)
Date 10/28/05
* Print the name and title of each signing officer under his or her signature.