Investment Company Act file number 811-6693
Nuveen Select Tax-Free Income Portfolio 3
(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: 3/31
Date of reporting period: 12/31/05
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 Select Tax-Free Income Portfolio 3 (NXR) December 31, 2005 |
Principal | Optional Call | |||||
Amount (000) | Description | Provisions(1) | Ratings(2) | Value | ||
| ||||||
Alabama - 0.3% | ||||||
$ | 500 | Marshall County Healthcare Authority, Alabama, Revenue Bonds, Series 2002A, 6.250%, 1/01/22 | 1/12 at 101.00 | A- | $ | 548,995 |
| ||||||
Arizona - 0.4% | ||||||
700 | Tucson, Arizona, Junior Lien Street and Highway User Revenue Bonds, Series 2001, 5.000%, 7/01/17 | 7/11 at 100.00 | AAA | 750,876 | ||
(Pre-refunded 7/01/11) - AMBAC Insured (3) | ||||||
| ||||||
California - 5.2% | ||||||
2,105 | Azusa Unified School District, Los Angeles County, California, General Obligation Bonds, Series 2002, 5.375%, | 7/12 at 100.00 | AAA | 2,284,346 | ||
7/01/21 - FSA Insured | ||||||
3,350 | California Department of Water Resources, Power Supply Revenue Bonds, Series 2002A, 6.000%, 5/01/14 | 5/12 at 101.00 | A2 | 3,798,264 | ||
3,000 | Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, | 6/13 at 100.00 | BBB | 3,374,340 | ||
Series 2003A-1, 6.750%, 6/01/39 | ||||||
250 | Santa Ana Unified School District, Orange County, California, General Obligation Bonds, Series 2000, | 8/10 at 101.00 | AAA | 272,510 | ||
5.700%, 8/01/29 - FGIC Insured | ||||||
| ||||||
8,705 | Total California | 9,729,460 | ||||
| ||||||
Colorado - 5.9% | ||||||
2,265 | Colorado Health Facilities Authority, Revenue Bonds, Catholic Health Initiatives, Series 2002A, 5.500%, 3/01/22 (3) | 3/12 at 100.00 | AA(3) | 2,470,956 | ||
1,735 | Colorado Health Facilities Authority, Revenue Bonds, Catholic Health Initiatives, Series 2002A, 5.500%, 3/01/22 | 3/12 at 100.00 | AA | 1,864,657 | ||
2,700 | Denver City and County, Colorado, Airport System Revenue Bonds, Series 1991D, 7.750%, 11/15/13 | No Opt. Call | A | 3,116,448 | ||
(Alternative Minimum Tax) | ||||||
3,000 | Denver Convention Center Hotel Authority, Colorado, Senior Revenue Bonds, Convention Center Hotel, | 12/13 at 100.00 | AAA | 3,138,570 | ||
Series 2003A, 5.000%, 12/01/24 - XLCA Insured | ||||||
325 | E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 1997A, 5.000%, 9/01/26 - | 9/07 at 101.00 | AAA | 334,110 | ||
MBIA Insured | ||||||
| ||||||
10,025 | Total Colorado | 10,924,741 | ||||
| ||||||
Connecticut - 0.1% | ||||||
250 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Bridgeport Hospital Issue, | 1/06 at 100.00 | AAA | 254,028 | ||
Series 1992A, 6.625%, 7/01/18 - MBIA Insured | ||||||
| ||||||
District of Columbia - 0.1% | ||||||
15 | District of Columbia, General Obligation Bonds, Series 1993E, 6.000%, 6/01/13 - MBIA Insured | 6/06 at 100.00 | AAA | 15,034 | ||
235 | District of Columbia, General Obligation Refunding Bonds, Series 1994A-1, 6.500%, 6/01/10 - MBIA Insured | No Opt. Call | AAA | 263,393 | ||
| ||||||
250 | Total District of Columbia | 278,427 | ||||
| ||||||
Florida - 5.0% | ||||||
5,020 | JEA St. John's River Power Park System, Florida, Revenue Refunding Bonds, Issue 2, Series 2002-17, | 10/11 at 100.00 | Aa2 | 5,316,381 | ||
5.000%, 10/01/18 | ||||||
4,000 | JEA, Florida, Subordinate Lien Electric System Revenue Bonds, Series 2002D, 4.625%, 10/01/22 | 10/07 at 100.00 | Aa3 | 4,015,120 | ||
| ||||||
9,020 | Total Florida | 9,331,501 | ||||
| ||||||
Georgia - 0.5% | ||||||
1,175 | Atlanta, Georgia, Airport Facilities Revenue Bonds, Series 1990, 0.000%, 1/01/10 - MBIA Insured | No Opt. Call | AAA | 936,240 | ||
(Alternative Minimum Tax) | ||||||
| ||||||
Illinois - 19.1% | ||||||
1,140 | Chicago Metropolitan Housing Development Corporation, Illinois, FHA-Insured Section 8 Assisted Housing | 1/06 at 100.00 | AA | 1,155,242 | ||
Development Revenue Refunding Bonds, Series 1992, 6.850%, 7/01/22 | ||||||
700 | Chicago, Illinois, Special Facility Revenue Refunding Bonds, O'Hare International Airport, United Air Lines Inc. | No Opt. Call | N/R | 122,724 | ||
Project, Series 2001C, 6.300%, 5/01/16 (4) | ||||||
1,930 | Illinois Development Finance Authority, Revenue Bonds, Midwestern University, Series 2001B, 5.750%, 5/15/16 | 5/11 at 101.00 | A- | 2,064,656 | ||
2,185 | Illinois Finance Authority, Revenue Bonds, YMCA of Southwest Illinois, Series 2005, 5.000%, 9/01/31 - | 9/15 at 100.00 | AA | 2,216,661 | ||
RAAI Insured | ||||||
4,460 | Illinois Health Facilities Authority, Remarketed Revenue Bonds, University of Chicago Project, Series 1985A, | 8/11 at 103.00 | Aa1 | 4,864,834 | ||
5.500%, 8/01/20 | ||||||
1,500 | Illinois Health Facilities Authority, Revenue Bonds, Evangelical Hospitals Corporation, Series 1992C, 6.250%, | No Opt. Call | N/R(3) | 1,840,980 | ||
4/15/22 (3) | ||||||
4,000 | Illinois Health Facilities Authority, Revenue Bonds, Franciscan Sisters Healthcare Corporation, Series 1992B, | 9/06 at 100.00 | AAA | 4,085,720 | ||
6.625%, 9/01/13 (Pre-refunded 9/01/06) - MBIA Insured (3) | ||||||
2,225 | Illinois Health Facilities Authority, Revenue Refunding Bonds, Elmhurst Memorial Healthcare, Series 2002, | 1/13 at 100.00 | A2 | 2,482,833 | ||
6.250%, 1/01/17 | ||||||
5,700 | Illinois, Sales Tax Revenue Bonds, First Series 2002, 5.000%, 6/15/22 | 6/13 at 100.00 | AAA | 5,981,865 | ||
2,000 | Illinois, Sales Tax Revenue Bonds, Series 1997X, 5.600%, 6/15/17 | 6/07 at 101.00 | AAA | 2,080,240 | ||
6,000 | Metropolitan Pier and Exposition Authority, Illinois, Revenue Refunding Bonds, McCormick Place Expansion | 6/12 at 101.00 | AAA | 6,318,657 | ||
Project, Series 2002B, 5.000%, 6/15/21 - MBIA Insured | ||||||
1,300 | Schaumburg, Illinois, General Obligation Bonds, Series 2004B, 5.250%, 12/01/34 - FGIC Insured | 12/14 at 100.00 | AAA | 1,392,131 | ||
1,000 | Yorkville, Illinois, General Obligation Debt Certificates, Series 2003, 5.000%, 12/15/22 - RAAI Insured | 12/11 at 100.00 | AA | 1,023,230 | ||
| ||||||
34,140 | Total Illinois | 35,629,773 | ||||
| ||||||
Indiana - 6.5% | ||||||
1,000 | Franklin Community Multi-School Building Corporation, Marion County, Indiana, First Mortgage Revenue | 7/14 at 100.00 | AAA | 1,052,870 | ||
Bonds, Series 2004, 5.000%, 7/15/22 - FGIC Insured | ||||||
3,500 | Indiana Health Facility Financing Authority, Hospital Revenue Bonds, Methodist Hospitals Inc., Series 2001, | 9/11 at 100.00 | A+ | 3,633,665 | ||
5.375%, 9/15/22 | ||||||
2,500 | Indiana Health Facility Financing Authority, Hospital Revenue Refunding Bonds, Columbus Regional Hospital, | No Opt. Call | AAA | 2,959,425 | ||
Series 1993, 7.000%, 8/15/15 - FSA Insured | ||||||
2,000 | Indianapolis Local Public Improvement Bond Bank, Indiana, Waterworks Project, Series 2002A, 5.250%, | 7/12 at 100.00 | AAA | 2,189,200 | ||
7/01/33 (Pre-refunded 7/01/12) - MBIA Insured (3) | ||||||
2,295 | Shelbyville Central Renovation School Building Corporation, Indiana, First Mortgage Bonds, Series 2005, | 7/15 at 100.00 | AAA | 2,256,467 | ||
4.375%, 7/15/25 - MBIA Insured | ||||||
| ||||||
11,295 | Total Indiana | 12,091,627 | ||||
| ||||||
Iowa - 3.9% | ||||||
Iowa Tobacco Settlement Authority, Tobacco Settlement Asset-Backed Revenue Bonds, Series 2001B: | ||||||
3,850 | 5.300%, 6/01/25 (Pre-refunded 6/01/11) (3) | 6/11 at 101.00 | AAA | 4,186,374 | ||
2,850 | 5.600%, 6/01/35 (Pre-refunded 6/01/11) (3) | 6/11 at 101.00 | AAA | 3,140,672 | ||
| ||||||
6,700 | Total Iowa | 7,327,046 | ||||
| ||||||
Maine - 0.7% | ||||||
1,200 | Maine Health and Higher Educational Facilities Authority, Revenue Bonds, Series 1999B, 6.000%, 7/01/19 - | 7/09 at 101.00 | AAA | 1,305,192 | ||
MBIA Insured | ||||||
| ||||||
Massachusetts - 0.8% | ||||||
1,000 | Massachusetts Development Finance Agency, Resource Recovery Revenue Bonds, Ogden Haverhill Associates, | 12/08 at 102.00 | BBB | 1,009,230 | ||
Series 1998B, 5.200%, 12/01/13 (Alternative Minimum Tax) | ||||||
500 | Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Partners HealthCare System Inc., | 7/11 at 101.00 | AA- | 551,805 | ||
Series 2001C, 6.000%, 7/01/17 | ||||||
| ||||||
1,500 | Total Massachusetts | 1,561,035 | ||||
| ||||||
Michigan - 5.1% | ||||||
400 | East Lansing School District, Ingham County, Michigan, General Obligation Bonds, Series 2000, 5.625%, | 5/10 at 100.00 | AA(3) | 435,212 | ||
5/01/30 (Pre-refunded 5/01/10) (3) | ||||||
4,000 | Michigan Housing Development Authority, Single Family Mortgage Revenue Bonds, Series 1996C, 5.950%, | 6/06 at 102.00 | AA+ | 4,102,120 | ||
12/01/17 | ||||||
2,900 | Michigan State Hospital Finance Authority, Hospital Revenue Refunding Bonds, Trinity Health Credit Group, | 12/12 at 100.00 | AA- | 3,058,137 | ||
Series 2002C, 5.375%, 12/01/30 | ||||||
235 | Michigan State Hospital Finance Authority, Revenue Refunding Bonds, Detroit Medical Center Obligated Group, | 2/06 at 100.00 | BB- | 235,127 | ||
Series 1993A, 6.500%, 8/15/18 | ||||||
1,600 | Plymouth-Canton Community School District, Wayne and Washtenaw Counties, Michigan, Unlimited Tax General | 5/09 at 100.00 | AA | 1,649,920 | ||
Obligation School Building and Site Bonds, Series 1999, 4.750%, 5/01/18 | ||||||
| ||||||
9,135 | Total Michigan | 9,480,516 | ||||
| ||||||
Mississippi - 0.4% | ||||||
725 | Mississippi Hospital Equipment and Facilities Authority, Revenue Bonds, Baptist Memorial Healthcare, | 9/14 at 100.00 | N/R | 734,780 | ||
Series 2004B-1, 5.000%, 9/01/24 | ||||||
| ||||||
Nebraska - 1.9% | ||||||
3,500 | Nebraska Public Power District, General Revenue Bonds, Series 2002B, 5.000%, 1/01/33 - AMBAC Insured | 1/13 at 100.00 | AAA | 3,632,860 | ||
| ||||||
Nevada - 4.9% | ||||||
4,000 | Director of Nevada State Department of Business and Industry, Revenue Bonds, Las Vegas Monorail Project, | 1/10 at 100.00 | AAA | 4,192,520 | ||
First Tier, Series 2000, 5.375%, 1/01/40 - AMBAC Insured | ||||||
1,680 | Reno, Nevada, Capital Improvement Revenue Bonds, Series 2002, 5.500%, 6/01/22 - FGIC Insured | 6/12 at 100.00 | AAA | 1,829,302 | ||
2,830 | Reno, Nevada, Capital Improvement Revenue Bonds, Series 2002, 5.500%, 6/01/22 (Pre-refunded 6/01/12) - | 6/12 at 100.00 | AAA | 3,135,329 | ||
FGIC Insured (3) | ||||||
| ||||||
8,510 | Total Nevada | 9,157,151 | ||||
| ||||||
New Hampshire - 0.4% | ||||||
675 | New Hampshire Housing Finance Agency, Single Family Mortgage Acquisition Bonds, Series 2001A, 5.600%, | 5/11 at 100.00 | Aa2 | 683,566 | ||
7/01/21 (Alternative Minimum Tax) | ||||||
| ||||||
New Jersey - 0.6% | ||||||
1,000 | Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, | 6/13 at 100.00 | BBB | 1,085,350 | ||
Series 2003, 6.250%, 6/01/43 | ||||||
| ||||||
New Mexico - 2.2% | ||||||
4,000 | University of New Mexico, FHA-Insured Mortgage Hospital Revenue Bonds, Series 2004, 4.625%, 1/01/25 - | 7/14 at 100.00 | AAA | 4,020,960 | ||
FSA Insured | ||||||
| ||||||
New York - 3.5% | ||||||
1,835 | Dormitory Authority of the State of New York, Second General Resolution Consolidated Revenue Bonds, | No Opt. Call | A2 | 2,005,490 | ||
City University System, Series 1990C, 7.500%, 7/01/10 | ||||||
2,335 | Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2001A, 5.375%, 9/01/21 | 9/11 at 100.00 | A- | 2,499,337 | ||
35 | New York City, New York, General Obligation Bonds, Series 1991B, 7.000%, 2/01/18 | 2/06 at 100.00 | A+ | 35,099 | ||
1,850 | New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and State | 6/10 at 100.00 | AA- | 1,983,385 | ||
Contingency Contract-Backed Bonds, Series 2003B-1C, 5.500%, 6/01/15 | ||||||
| ||||||
6,055 | Total New York | 6,523,311 | ||||
| ||||||
North Carolina - 4.2% | ||||||
5,000 | North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Series 2003A, 5.250%, | 1/13 at 100.00 | AAA | 5,387,950 | ||
1/01/18 - MBIA Insured | ||||||
2,345 | Piedmont Triad Airport Authority, North Carolina, Airport Revenue Bonds, Series 2001A, 5.250%, 7/01/16 - | 7/11 at 101.00 | AAA | 2,517,217 | ||
FSA Insured | ||||||
| ||||||
7,345 | Total North Carolina | 7,905,167 | ||||
| ||||||
Oklahoma - 1.7% | ||||||
3,000 | Oklahoma Development Finance Authority, Revenue Bonds, St. John Health System, Series 2004, 5.000%, | 2/14 at 100.00 | AA | 3,108,210 | ||
2/15/24 | ||||||
| ||||||
Pennsylvania - 2.4% | ||||||
2,435 | Dauphin County Industrial Development Authority, Pennsylvania, Water Development Revenue Refunding | No Opt. Call | A- | 2,962,056 | ||
Bonds, Dauphin Consolidated Water Supply Company, Series 1992B, 6.700%, 6/01/17 | ||||||
500 | Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Widener University, Series 2003, | 7/13 at 100.00 | BBB+ | 525,215 | ||
5.250%, 7/15/24 | ||||||
1,000 | Philadelphia Authority for Industrial Development, Pennsylvania, Airport Revenue Bonds, Philadelphia Airport | 7/11 at 101.00 | AAA | 1,075,060 | ||
System Project, Series 2001A, 5.500%, 7/01/17 - FGIC Insured (Alternative Minimum Tax) | ||||||
| ||||||
3,935 | Total Pennsylvania | 4,562,331 | ||||
| ||||||
South Carolina - 3.2% | ||||||
1,500 | Lexington County Health Service District, South Carolina, Hospital Revenue Refunding and Improvement | 11/13 at 100.00 | A | 1,661,505 | ||
Bonds, Series 2003, 6.000%, 11/01/18 | ||||||
1,500 | Medical University Hospital Authority, South Carolina, FHA-Insured Mortgage Revenue Bonds, Series 2004A, | 8/14 at 100.00 | AAA | 1,618,530 | ||
5.250%, 8/15/20 - MBIA Insured | ||||||
2,500 | South Carolina JOBS Economic Development Authority, Economic Development Revenue Bonds, Bon Secours | 11/12 at 100.00 | A- | 2,644,150 | ||
Health System Inc., Series 2002A, 5.625%, 11/15/30 | ||||||
| ||||||
5,500 | Total South Carolina | 5,924,185 | ||||
| ||||||
South Dakota - 1.1% | ||||||
1,010 | South Dakota Health and Educational Facilities Authority, Revenue Bonds, Avera Health, Series 2002, 5.125%, | 7/12 at 101.00 | AAA | 1,056,884 | ||
7/01/27 - AMBAC Insured | ||||||
1,000 | South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sioux Valley Hospitals, Series 2004A, | 11/14 at 100.00 | A+ | 1,045,590 | ||
5.250%, 11/01/34 | ||||||
| ||||||
2,010 | Total South Dakota | 2,102,474 | ||||
| ||||||
Tennessee - 1.1% | ||||||
2,000 | Knox County Health, Educational and Housing Facilities Board, Tennessee, Hospital Revenue Bonds, Baptist | 4/12 at 101.00 | Baa3 | 2,128,500 | ||
Health System of East Tennessee Inc., Series 2002, 6.375%, 4/15/22 | ||||||
| ||||||
Texas - 15.5% | ||||||
1,500 | Central Texas Regional Mobility Authority, Travis and Williamson Counties, Toll Road Revenue Bonds, Series | 1/15 at 100.00 | AAA | 1,536,600 | ||
2005, 5.000%, 1/01/45 - FGIC Insured | ||||||
3,755 | Grand Prairie Industrial Development Authority, Texas, Industrial Development Revenue Refunding Bonds, | 12/12 at 100.00 | A- | 3,763,937 | ||
Baxter International Inc. Project, Series 1992, 6.550%, 12/01/12 | ||||||
2,500 | Harris County Health Facilities Development Corporation, Texas, Thermal Utility Revenue Bonds, TECO | 11/13 at 100.00 | AAA | 2,575,300 | ||
Project, Series 2003, 5.000%, 11/15/30 - MBIA Insured | ||||||
3,000 | Houston, Texas, Subordinate Lien Airport System Revenue Bonds, Series 2002B, 5.500%, 7/01/18 - FSA Insured | 7/12 at 100.00 | AAA | 3,258,120 | ||
3,125 | Katy Independent School District, Harris, Fort Bend and Waller Counties, Texas, General Obligation Bonds, | 2/12 at 100.00 | AAA | 3,215,250 | ||
Series 2002A, 5.000%, 2/15/32 | ||||||
Killeen Independent School District, Bell County, Texas, General Obligation Bonds, Series 1998: | ||||||
1,425 | 5.000%, 2/15/14 (Pre-refunded 2/15/08) (3) | 2/08 at 100.00 | AAA | 1,475,759 | ||
400 | 5.000%, 2/15/14 | 2/08 at 100.00 | AAA | 412,212 | ||
5,000 | North Central Texas Health Facilities Development Corporation, Hospital Revenue Refunding Bonds, Baylor | 5/06 at 102.00 | AA- | 5,105,900 | ||
Healthcare System, Series 1995, 5.250%, 5/15/16 | ||||||
4,750 | Sam Rayburn Municipal Power Agency, Texas, Power Supply System Revenue Refunding Bonds, Series 2002A, | 10/12 at 100.00 | AA | 5,074,900 | ||
5.500%, 10/01/17 - RAAI Insured | ||||||
1,750 | Texas, General Obligation Bonds, Water Financial Assistance Program, Series 2003A, 5.125%, 8/01/42 | 8/13 at 100.00 | Aa1 | 1,781,605 | ||
(Alternative Minimum Tax) | ||||||
500 | Victoria, Texas, General Obligation Bonds, Series 2001, 5.000%, 8/15/23 - FGIC Insured | 8/11 at 100.00 | AAA | 525,070 | ||
| ||||||
27,705 | Total Texas | 28,724,653 | ||||
| ||||||
Utah - 0.9% | ||||||
1,710 | Intermountain Power Agency, Utah, Power Supply Revenue Refunding Bonds, Series 1996D, 5.000%, 7/01/21 | 7/06 at 102.00 | A+ | 1,742,182 | ||
| ||||||
Wisconsin - 1.4% | ||||||
2,500 | Wisconsin, General Obligation Refunding Bonds, Series 2003-3, 5.000%, 11/01/26 | 11/13 at 100.00 | AA- | 2,611,000 | ||
| ||||||
$ | 174,765 | Total Investments (cost $176,470,058) - 99.0% | 184,796,137 | |||
|
| |||||
Other Assets Less Liabilities - 1.0% | 1,773,642 | |||||
| ||||||
Net Assets - 100% | $ | 186,569,779 | ||||
|
(1 | ) | 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. Certain mortgage-backed securities may be | ||
subject to periodic principal paydowns. | ||
(2 | ) | Ratings: Using the higher of Standard & Poors or Moodys rating. Ratings below Baa by Moodys Investor |
Service, Inc. or BBB by Standard & Poors Group are considered to be below investment grade. | ||
(3 | ) | 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. | ||
(4 | ) | On December 9, 2002, UAL Corporation, the holding company of United Air Lines, Inc. filed for federal |
bankruptcy protection. The Adviser determined that it was likely United would not remain current on their | ||
interest payment obligations with respect to these bonds and thus has stopped accruing interest. | ||
N/R | Investment is not rated. |
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 taxable market discount and timing differences in recognizing certain gains and losses on investment transactions.
At December 31, 2005, the cost of investments was $176,414,619.
Gross unrealized appreciation and gross unrealized depreciation of investments at December 31, 2005, were as follows:
| |||
Gross unrealized: | |||
Appreciation | $ | 9,043,651 | |
Depreciation | (662,133 | ) | |
| |||
Net unrealized appreciation (depreciation) of investments | $ | 8,381,518 | |
|
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 Select Tax-Free Income Portfolio 3
By (Signature and Title)* /s/ Jessica R. Droeger
Jessica R. Droeger
Vice President and Secretary
Date 2/27/06
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 2/27/06
By (Signature and Title)* /s/ Stephen D. Foy
Stephen D. Foy
Vice President and Controller (principal financial
officer)
Date 2/27/06
* Print the name and title of each signing officer under his or her signature.