nq2.htm



 
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 811-7486
 
Nuveen Maryland Premium Income Municipal Fund
(Exact name of registrant as specified in charter)
 
Nuveen Investments
        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:            5/31          
 
Date of reporting period:         2/29/12         
 
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 Maryland Premium Income Municipal Fund (NMY) 
      
   
February 29, 2012 
      
Principal 
    
Optional Call 
    
Amount (000) 
  
Description (1) 
Provisions (2) 
Ratings (3) 
Value 
   
Consumer Discretionary – 2.9% (2.0% of Total Investments) 
      
   
Baltimore, Maryland, Senior Lien Convention Center Hotel Revenue Bonds, Series 2006A: 
      
$    25 
  
5.250%, 9/01/25 – SYNCORA GTY Insured 
9/16 at 100.00 
BB+ 
$    24,809 
250 
  
5.250%, 9/01/27 – SYNCORA GTY Insured 
9/16 at 100.00 
BB+ 
245,323 
4,825 
  
5.250%, 9/01/39 – SYNCORA GTY Insured 
9/16 at 100.00 
BB+ 
4,537,961 
5,100 
  
Total Consumer Discretionary 
    
4,808,093 
   
Consumer Staples – 6.4% (4.3% of Total Investments) 
      
   
Guam Economic Development & Commerce Authority, Tobacco Settlement Asset-Backed Bonds, 
      
   
Series 2007A: 
      
810 
  
5.250%, 6/01/32 
6/17 at 100.00 
N/R 
736,598 
1,200 
  
5.625%, 6/01/47 
6/17 at 100.00 
N/R 
981,012 
77,000 
  
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Bonds, Series 2005A, 
5/15 at 11.19 
BBB– 
5,276,040 
   
0.000%, 5/15/50 
      
   
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds, 
      
   
Series 2002: 
      
2,590 
  
5.375%, 5/15/33 
5/12 at 100.00 
BBB 
2,562,313 
1,000 
  
5.500%, 5/15/39 
5/12 at 100.00 
Baa3 
987,400 
82,600 
  
Total Consumer Staples 
    
10,543,363 
   
Education and Civic Organizations – 15.9% (10.7% of Total Investments) 
      
1,250 
  
Frederick County, Maryland, Educational Facilities Revenue Bonds, Mount Saint Mary’s College, 
9/16 at 100.00 
BB+ 
1,233,888 
   
Series 2006, 5.625%, 9/01/38 
      
1,000 
  
Hartford County, Maryland, Economic Development Revenue Bonds, Battelle Memorial Institute, 
4/14 at 100.00 
A+ 
1,024,880 
   
Series 2004, 5.250%, 4/01/34 
      
330 
  
Maryland Health and HIgher Edcuational Facilities Authority, Revenue Bonds, Patterson Park 
7/20 at 100.00 
BBB– 
334,066 
   
Public Charter School Issue, Series 2010, 6.000%, 7/01/40 
      
   
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Bullis School, 
      
   
Series 2000: 
      
825 
  
5.250%, 7/01/25 – AGM Insured 
1/13 at 100.00 
AA– 
830,717 
500 
  
5.250%, 7/01/30 – AGM Insured 
1/13 at 100.00 
AA– 
503,240 
1,250 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Goucher College, 
7/14 at 100.00 
A– 
1,282,863 
   
Series 2004, 5.125%, 7/01/34 
      
1,430 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Johns Hopkins 
No Opt. Call 
AA+ 
1,781,809 
   
University, Series 2004, Trust 1003, 13.763%, 1/01/13 (IF) 
      
1,825 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Maryland Institute 
6/16 at 100.00 
Baa1 
1,871,227 
   
College of Art, Series 2006, 5.000%, 6/01/30 
      
500 
  
Maryland Industrial Development Financing Authority, Revenue Bonds, Our Lady of Good Counsel 
5/15 at 100.00 
N/R 
509,325 
   
High School, Series 2005A, 6.000%, 5/01/35 
      
1,365 
  
Montgomery County Revenue Authority, Maryland, Lease Revenue Bonds, Montgomery College Arts 
5/15 at 100.00 
Aa3 
1,496,054 
   
Center Project, Series 2005A, 5.000%, 5/01/19 
      
9,445 
  
Morgan State University, Maryland, Student Tuition and Fee Revenue Refunding Bonds, Academic 
No Opt. Call 
Aa3 
11,714,161 
   
Fees and Auxiliary Facilities, Series 1993, 6.100%, 7/01/20 – NPFG Insured 
      
1,685 
  
University of Maryland, Auxiliary Facility and Tuition Revenue Bonds, Series 2006A, 5.000%, 10/01/22 
10/16 at 100.00 
AA+ 
1,949,697 
   
Westminster, Maryland, Educational Facilities Revenue Bonds, McDaniel College, Series 2006: 
      
910 
  
5.000%, 11/01/31 
11/16 at 100.00 
BBB+ 
934,907 
850 
  
4.500%, 11/01/36 
11/16 at 100.00 
BBB+ 
809,175 
23,165 
  
Total Education and Civic Organizations 
    
26,276,009 
   
Health Care – 28.5% (19.2% of Total Investments) 
      
500 
  
Baltimore County, Maryland, Catholic Health Initiatives, Revenue Bonds, Series 2006A, 5.000%, 9/01/36 
9/16 at 100.00 
AA 
548,455 
2,990 
  
Maryland Health and Higher Education Facilities Authority, Revenue Bonds, University of Maryland 
7/19 at 100.00 
A
3,191,167 
   
Medical System Issue, Series 2010, 5.125%, 7/01/39 
      
565 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds Doctors Community 
No Opt. Call 
Baa3 
582,679 
   
Hospital, Refunding Series 2010, 5.750%, 7/01/38 
      
850 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Adventist 
1/22 at 100.00 
Baa2 
965,694 
   
Healthcare, Series 2011A, 6.250%, 1/01/31 
      
1,500 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Anne Arundel 
7/19 at 100.00 
A– 
1,567,800 
   
Health System, Series 2010, 5.000%, 7/01/40 
      
1,525 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Calvert Memorial 
7/14 at 100.00 
A3 
1,565,382 
   
Hospital, Series 2004, 5.500%, 7/01/36 
      
3,250 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Carroll County 
7/12 at 100.00 
A3 
3,269,988 
   
General Hospital, Series 2002, 5.800%, 7/01/32 
      
400 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Carroll Hospital 
7/16 at 100.00 
A3 
407,228 
   
Center, Series 2006, 5.000%, 7/01/40 
      
1,665 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Civista Medical 
7/14 at 100.00 
N/R 
1,457,241 
   
Center, Series 2005, 5.000%, 7/01/37 – RAAI Insured 
      
1,740 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Doctors Community 
7/17 at 100.00 
Baa3 
1,746,351 
   
Hospital, Series 2007A, 5.000%, 7/01/29 
      
1,400 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Frederick Memorial 
7/12 at 100.00 
Baa1 
1,400,882 
   
Hospital, Series 2002, 5.125%, 7/01/35 
      
1,200 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Greater Baltimore 
7/12 at 100.00 
A
1,200,600 
   
Medical Center, Series 2001, 5.000%, 7/01/34 
      
500 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Johns Hopkins 
5/21 at 100.00 
AA– 
584,540 
   
Health System Obligated Group Issue, Series 2011A, 5.000%, 5/15/26 
      
1,000 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Johns Hopkins 
7/12 at 100.00 
Baa1 
1,002,480 
   
Hospital, Howard County General Hospital Acquisition, Series 1998, 5.000%, 7/01/19 – 
      
   
NPFG Insured 
      
2,000 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Kaiser Permanente 
7/12 at 100.00 
A+ 
2,006,880 
   
System, Series 1998A, 5.375%, 7/01/15 
      
3,800 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Kennedy Krieger 
7/13 at 100.00 
Baa3 
3,836,518 
   
Institute, Series 2003, 5.500%, 7/01/33 
      
1,175 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge Health 
7/17 at 100.00 
AA– 
1,259,212 
   
System, Series 2008, 5.000%, 7/01/28 – AGC Insured 
      
300 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge Health 
7/21 at 100.00 
A
342,963 
   
System, Series 2011, 6.000%, 7/01/41 
      
1,750 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, MedStar Health, 
8/14 at 100.00 
A2 
1,857,713 
   
Series 2004, 5.375%, 8/15/24 
      
3,310 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, MedStar Health, 
5/16 at 100.00 
AA+ 
3,475,765 
   
Series 2007, 5.250%, 5/15/46 – BHAC Insured 
      
   
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy Medical 
      
   
Center Issue, Series 2007A: 
      
1,010 
  
5.000%, 7/01/37 
7/17 at 100.00 
BBB 
986,528 
670 
  
5.500%, 7/01/42 
7/17 at 100.00 
BBB 
680,305 
1,700 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Peninsula Regional 
7/16 at 100.00 
A
1,745,526 
   
Medical Center, Series 2006, 5.000%, 7/01/36 
      
1,900 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, The Johns Hopkins 
5/20 at 100.00 
AA– 
2,050,385 
   
Health System Obligated Group Issue, Series 2010, 5.000%, 5/15/40 
      
3,250 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Union Hospital of 
7/12 at 100.00 
A3 
3,272,393 
   
Cecil County, Series 2002, 5.625%, 7/01/32 
      
1,000 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of 
7/13 at 100.00 
A
1,020,860 
   
Maryland Medical System, Series 2004B, 5.000%, 7/01/24 – AMBAC Insured 
      
   
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Washington County 
      
   
Hospital, Series 2008: 
      
3,395 
  
5.750%, 1/01/38 
1/18 at 100.00 
BBB– 
3,552,901 
1,000 
  
6.000%, 1/01/43 
1/18 at 100.00 
BBB– 
1,060,140 
   
Prince George’s County, Maryland, Revenue Bonds, Dimensions Health Corporation, Series 1994: 
      
225 
  
5.375%, 7/01/14 
7/12 at 100.00 
B3 
225,061 
295 
  
5.300%, 7/01/24 
7/12 at 100.00 
B3 
270,689 
45,865 
  
Total Health Care 
    
47,134,326 
   
Housing/Multifamily – 9.9% (6.7% of Total Investments) 
      
2,065 
  
Anne Arundel County, Maryland, FNMA Multifamily Housing Revenue Bonds, Glenview Gardens 
1/20 at 102.00 
AA+ 
2,222,787 
   
Apartments Project, Series 2009, 5.000%, 1/01/28 (Mandatory put 1/01/27) 
      
2,500 
  
Maryland Community Development Administration, Housing Revenue Bonds, Series 1999A, 5.350%, 
7/12 at 100.00 
Aa2 
2,501,150 
   
7/01/41 (Alternative Minimum Tax) 
      
685 
  
Maryland Community Development Administration, Housing Revenue Bonds, Series 1999B, 6.250%, 
7/12 at 100.00 
Aa2 
685,966 
   
7/01/32 (Alternative Minimum Tax) 
      
1,000 
  
Maryland Economic Development Corporation, Senior Lien Student Housing Revenue Bonds, 
10/13 at 100.00 
B3 
735,680 
   
University of Maryland – Baltimore, Series 2003A, 5.625%, 10/01/23 
      
1,145 
  
Maryland Economic Development Corporation, Student Housing Revenue Refunding Bonds, University 
6/16 at 100.00 
AA– 
1,172,434 
   
of Maryland College Park Projects, Series 2006, 5.000%, 6/01/33 – CIFG Insured 
      
3,830 
  
Montgomery County Housing Opportunities Commission, Maryland, FNMA/FHA-Insured Multifamily 
7/12 at 100.00 
Aaa 
3,833,715 
   
Housing Development Bonds, Series 1998A, 5.200%, 7/01/30 
      
300 
  
Montgomery County Housing Opportunities Commission, Maryland, GNMA/FHA-Insured Multifamily 
7/12 at 100.00 
Aa2 
301,029 
   
Housing Revenue Bonds, Series 1995A, 5.900%, 7/01/15 
      
2,000 
  
Montgomery County Housing Opportunities Commission, Maryland, Multifamily Housing Development 
7/12 at 100.00 
Aaa 
2,003,320 
   
Bonds, Series 2000A, 6.100%, 7/01/30 
      
   
Prince George’s County Housing Authority, Maryland, GNMA Collateralized Mortgage Revenue 
      
   
Refunding Bonds, Overlook Apartments, Series 1995A: 
      
1,250 
  
5.700%, 12/20/15 
6/12 at 100.00 
AA+ 
1,254,225 
1,670 
  
5.750%, 12/20/19 
6/12 at 100.00 
AA+ 
1,674,058 
16,445 
  
Total Housing/Multifamily 
    
16,384,364 
   
Housing/Single Family – 11.3% (7.6% of Total Investments) 
      
2,735 
  
Maryland Community Development Administration Department of Housing and Community Development, 
9/18 at 100.00 
Aa2 
2,892,345 
   
Residential Revenue Bonds, Series 2008C, 5.375%, 9/01/39 
      
3,000 
  
Maryland Community Development Administration Department of Housing and Community Development, 
9/18 at 100.00 
Aa2 
3,075,900 
   
Residential Revenue Bonds, Series 2009B, 4.750%, 9/01/39 
      
505 
  
Maryland Community Development Administration Department of Housing and Community Development, 
3/20 at 100.00 
Aa2 
542,865 
   
Residential Revenue Bonds, Series 2010B, 5.250%, 9/01/35 
      
2,325 
  
Maryland Community Development Administration, Department of Housing and Community Development, 
9/14 at 100.00 
Aa2 
2,345,274 
   
Residential Revenue Bonds, Series 2005E, 4.900%, 9/01/36 (Alternative Minimum Tax) (UB) 
      
   
Maryland Community Development Administration, Department of Housing and Community 
      
   
Development, Residential Revenue Bonds, Series 2006: 
      
600 
  
4.750%, 9/01/25 (Alternative Minimum Tax) (UB) 
9/15 at 100.00 
Aa2 
611,340 
4,100 
  
4.875%, 9/01/26 (Alternative Minimum Tax) (UB) 
3/16 at 100.00 
Aa2 
4,203,320 
1,150 
  
4.900%, 9/01/26 (Alternative Minimum Tax) (UB) 
9/15 at 100.00 
Aa2 
1,175,909 
1,630 
  
4.900%, 9/01/31 (Alternative Minimum Tax) (UB) 
9/16 at 100.00 
Aa2 
1,667,996 
   
Maryland Community Development Administration, Department of Housing and Community 
      
   
Development, Residential Revenue Bonds, Series 2007: 
      
650 
  
5.000%, 9/01/27 (Alternative Minimum Tax) (UB) 
3/17 at 100.00 
Aa2 
671,626 
1,200 
  
4.850%, 9/01/37 (Alternative Minimum Tax) (UB) 
3/17 at 100.00 
Aa2 
1,214,616 
265 
  
Puerto Rico Housing Finance Authority, Mortgage-Backed Securities Program Home Mortgage 
6/13 at 100.00 
Aaa 
266,359 
   
Revenue Bonds, Series 2003A, 4.875%, 6/01/34 (Alternative Minimum Tax) 
      
18,160 
  
Total Housing/Single Family 
    
18,667,550 
   
Industrials – 2.6% (1.8% of Total Investments) 
      
2,150 
  
Maryland Economic Development Corporation, Economic Development Revenue Bonds, Transportation 
6/20 at 100.00 
Baa3 
2,274,184 
   
Facilities Project, Series 2010A, 5.750%, 6/01/35 
      
2,010 
  
Maryland Economic Development Corporation, Solid Waste Disposal Revenue Bonds, Waste 
4/12 at 101.00 
BBB 
2,036,994 
   
Management Inc., Series 2002, 4.600%, 4/01/16 (Alternative Minimum Tax) 
      
4,160 
  
Total Industrials 
    
4,311,178 
   
Long-Term Care – 5.4% (3.7% of Total Investments) 
      
2,455 
  
Baltimore County, Maryland, Revenue Bonds, Oak Crest Village, Series 2007A, 5.000%, 1/01/37 
1/17 at 100.00 
BBB+ 
2,476,359 
1,000 
  
Carroll County, Maryland, Revenue Refunding Bonds, EMA Obligated Group, Series 1999A, 5.625%, 
7/12 at 100.00 
BB– 
964,240 
   
1/01/25 – RAAI Insured 
      
995 
  
Gaithersburg, Maryland, Economic Development Revenue Bonds, Asbury Methodist Homes Inc., 
1/20 at 100.00 
N/R 
1,101,604 
   
Series 2009B, 6.000%, 1/01/23 
      
3,000 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Charlestown 
1/21 at 100.00 
N/R 
3,359,430 
   
Community Issue, Series 2010, 6.250%, 1/01/45 
      
1,065 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy Ridge 
7/17 at 100.00 
A– 
1,072,679 
   
Retirement Community, Series 2007, 4.750%, 7/01/34 
      
8,515 
  
Total Long-Term Care 
    
8,974,312 
   
Tax Obligation/General – 9.8% (6.6% of Total Investments) 
      
2,030 
  
Anne Arundel County, Maryland, General Obligation Bonds, Series 2004, 5.000%, 4/01/16 
4/14 at 100.00 
AAA 
2,212,456 
1,000 
  
Anne Arundel County, Maryland, General Obligation Bonds, Series 2006, 5.000%, 3/01/21 
3/16 at 100.00 
AAA 
1,151,520 
685 
  
Anne Arundel County, Maryland, Water and Sewer Revenue Bonds, Series 2006, 5.000%, 3/01/17 
3/16 at 100.00 
AAA 
802,094 
1,200 
  
Baltimore, Maryland, General Obligation Bonds, Consolidated Public Improvements, Series 2011A, 
10/21 at 100.00 
Aa2 
1,403,184 
   
5.000%, 10/15/30 
      
1,540 
  
Baltimore, Maryland, General Obligation Consolidated Public Improvement Bonds, Series 2004A, 
10/14 at 100.00 
Aa2 
1,706,489 
   
5.000%, 10/15/22 – AMBAC Insured 
      
700 
  
Carroll County, Maryland, Consolidated Public Improvement Bonds, Series 2005A, 5.000%, 12/01/16 
12/15 at 100.00 
AA+ 
818,188 
   
Charles County, Maryland, Consolidated General Obligation Public Improvement Bonds, 
      
   
Series 2006: 
      
2,185 
  
5.000%, 3/01/14 
No Opt. Call 
Aa1 
2,395,831 
820 
  
5.000%, 3/01/16 
No Opt. Call 
Aa1 
963,730 
1,190 
  
Maryland National Capital Park Planning Commission, Prince George’s County, General Obligation 
1/14 at 100.00 
AAA 
1,286,521 
   
Bonds, Park Acquisition and Development, Series 2004EE-2, 5.000%, 1/15/17 
      
3,000 
  
Montgomery County, Maryland, Consolidated General Obligation Public Improvement Bonds, Series 
No Opt. Call 
AAA 
3,452,370 
   
2005A, 5.000%, 7/01/15 
      
14,350 
  
Total Tax Obligation/General 
    
16,192,383 
   
Tax Obligation/Limited – 16.8% (11.4% of Total Investments) 
      
380 
  
Anne Arundel County, Maryland, Special Obligation Bonds, National Business Park – North 
7/18 at 102.00 
N/R 
393,638 
   
Project, Series 2010, 6.100%, 7/01/40 
      
300 
  
Baltimore, Maryland, Special Obligation Bonds, North Locust Point Project, Series 2005, 
9/15 at 101.00 
N/R 
301,185 
   
5.500%, 9/01/34 
      
340 
  
Frederick County, Maryland, Lake Linganore Village Community Development Special Obligation 
7/12 at 100.00 
N/R 
340,500 
   
Bonds, Series 2001A, 5.700%, 7/01/29 – RAAI Insured 
      
   
Fredrick County, Maryland, Special Obligation Bonds, Urbana Community Development Authority, 
      
   
Series 2010A: 
      
2,300 
  
5.000%, 7/01/30 
7/20 at 100.00 
A– 
2,491,291 
1,000 
  
5.000%, 7/01/40 
7/20 at 100.00 
A– 
1,046,780 
900 
  
Hyattsville, Maryland, Special Obligation Bonds, University Town Center Project, Series 2004, 
7/14 at 102.00 
N/R 
901,629 
   
5.750%, 7/01/34 
      
4,250 
  
Maryland Department of Transportation, Consolidated Transportation Revenue Bonds, Series 2002, 
No Opt. Call 
AAA 
5,072,120 
   
5.500%, 2/01/16 
      
1,700 
  
Maryland Stadium Authority, Lease Revenue Bonds, Montgomery County Conference Center 
6/13 at 100.00 
AA+ 
1,789,590 
   
Facilities, Series 2003, 5.000%, 6/15/24 
      
675 
  
Montgomery County, Maryland, Special Obligation Bonds, West Germantown Development District, 
7/12 at 101.00 
A2 
682,945 
   
Senior Series 2002A, 5.500%, 7/01/27 – RAAI Insured 
      
400 
  
Prince George’s County, Maryland, Special Obligation Bonds, National Harbor Project, Series 
7/15 at 100.00 
N/R 
391,184 
   
2005, 5.200%, 7/01/34 
      
   
Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N: 
      
1,000 
  
5.500%, 7/01/29 – AMBAC Insured 
No Opt. Call 
Baa1 
1,130,430 
3,500 
  
5.250%, 7/01/31 – AMBAC Insured 
No Opt. Call 
Baa1 
3,810,310 
1,000 
  
5.250%, 7/01/33 – NPFG Insured 
No Opt. Call 
Baa1 
1,094,160 
1,500 
  
Puerto Rico Infrastructure Financing Authority, Special Tax Revenue Bonds, Series 2005C, 
No Opt. Call 
BBB+ 
1,686,780 
   
5.500%, 7/01/26 – AMBAC Insured 
      
2,100 
  
Puerto Rico Municipal Finance Agency, Series 2002A, 5.250%, 8/01/21 – AGM Insured 
8/12 at 100.00 
AA– 
2,117,052 
   
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate 
      
   
Series 2010A: 
      
1,425 
  
5.375%, 8/01/39 
2/20 at 100.00 
A+ 
1,542,292 
200 
  
5.500%, 8/01/42 
2/20 at 100.00 
A+ 
217,994 
3,000 
  
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A, 0.000%, 
No Opt. Call 
Aa2 
605,280 
   
8/01/41 – NPFG Insured 
      
270 
  
Puerto Rico, Highway Revenue Bonds, Highway and Transportation Authority, Series 2003AA, 
No Opt. Call 
A3 
310,986 
   
5.500%, 7/01/19 – NPFG Insured 
      
765 
  
Puerto Rico, Highway Revenue Bonds, Highway and Transportation Authority, Series 2007CC, 
No Opt. Call 
A3 
869,484 
   
5.500%, 7/01/28 – NPFG Insured 
      
1,000 
  
Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Subordinate 
10/20 at 100.00 
Baa2 
1,060,580 
   
Lien Series 2010B, 5.250%, 10/01/29 
      
28,005 
  
Total Tax Obligation/Limited 
    
27,856,210 
   
Transportation – 4.2% (2.8% of Total Investments) 
      
1,060 
  
Baltimore, Maryland, Revenue Refunding Bonds, Parking System Facilities, Series 1998A, 5.250%, 
No Opt. Call 
A1 
1,201,976 
   
7/01/17 – FGIC Insured 
      
265 
  
Guam International Airport Authority, Revenue Bonds, Series 2003A, 5.250%, 10/01/21 – 
10/13 at 100.00 
BBB 
272,023 
   
NPFG Insured 
      
4,335 
  
Maryland Transportation Authority, Revenue Bonds, Transportation Facilities Projects, Series 
7/17 at 100.00 
AA– 
4,826,329 
   
2007, 5.000%, 7/01/30 – AGM Insured (UB) 
      
2,075 
  
Puerto Rico Ports Authority, Special Facilities Revenue Bonds, American Airlines Inc., Series 
6/12 at 100.00 
N/R 
571,953 
   
1996A, 6.250%, 6/01/26 (Alternative Minimum Tax) (4) 
      
7,735 
  
Total Transportation 
    
6,872,281 
   
U.S. Guaranteed – 25.9% (17.5% of Total Investments) (5) 
      
2,000 
  
Baltimore, Maryland, Revenue Refunding Bonds, Water Projects, Series 1998A, 5.000%, 7/01/28 – 
No Opt. Call 
AA (5) 
2,429,780 
   
FGIC Insured (ETM) 
      
2,000 
  
Baltimore, Maryland, Revenue Refunding Bonds, Water System Projects, Series 1994A, 5.000%, 
No Opt. Call 
AA (5) 
2,607,240 
   
7/01/24 – FGIC Insured (ETM) 
      
1,245 
  
Baltimore, Maryland, Wastewater Project Revenue Bonds, Series 2006C, 5.000%, 7/01/31 
7/16 at 100.00 
AA (5) 
1,478,960 
   
(Pre-refunded 7/01/16) – AMBAC Insured 
      
510 
  
Gaithersburg, Maryland, Hospital Facilities Revenue Refunding and Improvement Bonds, Shady 
No Opt. Call 
AA– (5) 
525,647 
   
Grove Adventist Hospital, Series 1995, 6.500%, 9/01/12 – AGM Insured (ETM) 
      
   
Howard County, Maryland, General Obligation Consolidated Public Improvement Bonds, 
      
   
Series 2004B: 
      
1,625 
  
5.000%, 8/15/17 (Pre-refunded 2/15/14) 
2/14 at 100.00 
AAA 
1,775,735 
1,180 
  
5.000%, 8/15/19 (Pre-refunded 2/15/14) 
2/14 at 100.00 
AAA 
1,289,457 
1,875 
  
Maryland Economic Development Corporation, Lease Revenue Bonds, Department of Transportation 
6/12 at 100.50 
Aaa 
1,909,219 
   
Headquarters Building, Series 2002, 5.375%, 6/01/19 (Pre-refunded 6/01/12) 
      
915 
  
Maryland Economic Development Corporation, Student Housing Revenue Bonds, Collegiate Housing 
6/12 at 100.00 
Baa3 (5) 
915,000 
   
Foundation – Salisbury State University, Series 1999A, 6.000%, 6/01/19 (Pre-refunded 6/01/12) 
      
3,200 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Helix Health, 
No Opt. Call 
N/R (5) 
3,946,016 
   
Series 1997, 5.000%, 7/01/27 – AMBAC Insured (ETM) 
      
3,125 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Howard County 
5/12 at 100.00 
Aaa 
3,474,250 
   
General Hospital, Series 1993, 5.500%, 7/01/25 (ETM) 
      
2,040 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, LifeBridge Health 
7/14 at 100.00 
A2 (5) 
2,262,380 
   
System, Series 2004A, 5.125%, 7/01/34 (Pre-refunded 7/01/14) 
      
1,500 
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of 
7/12 at 100.00 
A (5) 
1,529,475 
   
Maryland Medical System, Series 2002, 6.000%, 7/01/22 (Pre-refunded 7/01/12) 
      
135 
  
Maryland Transportation Authority, Revenue Refunding Bonds, Transportation Facilities 
No Opt. Call 
AAA 
153,930 
   
Projects, First Series 1978, 6.800%, 7/01/16 – AMBAC Insured (ETM) 
      
1,000 
  
Montgomery County, Maryland, Lease Revenue Bonds, Metrorail Garage, Series 2002, 5.000%, 
6/12 at 100.00 
AA (5) 
1,012,480 
   
6/01/21 (Pre-refunded 6/01/12) 
      
2,000 
  
Prince George’s County, Maryland, General Obligation Consolidated Public Improvement Bonds, 
9/12 at 101.00 
AAA 
2,063,160 
   
Series 2002, 4.100%, 9/15/19 (Pre-refunded 9/15/12) 
      
5,770 
  
Prince George’s County, Maryland, General Obligation Consolidated Public Improvement Bonds, 
10/13 at 100.00 
AAA 
6,206,731 
   
Series 2003A, 5.000%, 10/01/18 (Pre-refunded 10/01/13) 
      
1,000 
  
Puerto Rico, Highway Revenue Bonds, Highway and Transportation Authority, Series 1996Y, 
7/16 at 100.00 
Aaa 
1,222,290 
   
5.500%, 7/01/36 (Pre-refunded 7/01/16) 
      
1,230 
  
Puerto Rico, Highway Revenue Bonds, Highway and Transportation Authority, Series 2003AA, 
No Opt. Call 
A3 (5) 
1,585,495 
   
5.500%, 7/01/19 – NPFG Insured (ETM) 
      
   
Washington Suburban Sanitary District, Montgomery and Prince George’s Counties, Maryland, 
      
   
Sewerage Disposal Bonds, Series 2005: 
      
2,000 
  
5.000%, 6/01/16 (Pre-refunded 6/01/15) 
6/15 at 100.00 
AAA 
2,290,740 
1,235 
  
5.000%, 6/01/23 (Pre-refunded 6/01/15) 
6/15 at 100.00 
AAA 
1,414,532 
1,235 
  
5.000%, 6/01/24 (Pre-refunded 6/01/15) 
6/15 at 100.00 
AAA 
1,414,532 
1,235 
  
5.000%, 6/01/25 (Pre-refunded 6/01/15) 
6/15 at 100.00 
AAA 
1,414,532 
38,055 
  
Total U.S. Guaranteed 
    
42,921,581 
   
Utilities – 3.7% (2.5% of Total Investments) 
      
2,500 
  
Maryland Energy Financing Administration, Revenue Bonds, AES Warrior Run Project, Series 1995, 
9/19 at 100.00 
N/R 
2,515,248 
   
7.400%, 9/01/19 (Alternative Minimum Tax) 
      
3,500 
  
Puerto Rico Electric Power Authority, Power Revenue Bonds, Series 2004PP, 5.000%, 7/01/22 – 
7/14 at 100.00 
A3 
3,654,803 
   
FGIC Insured 
      
6,000 
  
Total Utilities 
    
6,170,051 
   
Water and Sewer – 4.7% (3.2% of Total Investments) 
      
100 
  
Baltimore, Maryland, Revenue Refunding Bonds, Wastewater Projects, Series 2002A, 5.125%, 
7/12 at 100.00 
AA 
101,269 
   
7/01/42 – NPFG Insured 
      
1,045 
  
Baltimore, Maryland, Revenue Refunding Bonds, Water System Projects, Series 1994A, 5.000%, 
No Opt. Call 
AA 
1,253,791 
   
7/01/24 – FGIC Insured 
      
1,655 
  
Baltimore, Maryland, Wastewater Project Revenue Bonds, Series 2006C, 5.000%, 7/01/31 – 
7/16 at 100.00 
AA 
1,833,194 
   
AMBAC Insured 
      
1,260 
  
Baltimore, Maryland, Wastewater Project Revenue Bonds, Series 2007D, 5.000%, 7/01/32 – 
7/17 at 100.00 
AA 
1,383,745 
   
AMBAC Insured 
      
2,000 
  
Baltimore, Maryland, Wastewater Project Revenue Bonds, Series 2011A, 5.000%, 7/01/41 
No Opt. Call 
AA 
2,261,818 
860 
  
Maryland Water Quality Financing Administration, Revolving Loan Fund Revenue Bonds, Series 
No Opt. Call 
AAA 
995,319 
   
2005A, 5.000%, 9/01/15 
      
6,920 
  
Total Water and Sewer 
    
7,829,136 
$    305,075 
  
Total Investments (cost $227,710,555) – 148.0% 
    
244,940,837 
   
Floating Rate Obligations – (6.0)% 
    
(9,927,000) 
   
MuniFund Term Preferred Shares, at Liquidation Value – (45.1)% (6) 
    
(74,593,000) 
   
Other Assets Less Liabilities – 3.1% 
    
5,033,565 
   
Net Assets Applicable to Common Shares – 100% 
    
$    165,454,402 
 

 
 
 
 
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 three-tier hierarchy of inputs is summarized in the three broad levels listed below:
 
Level 1 – Quoted prices in active markets for identical securities.
 
Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
 
Level 3 – 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 risk associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of February 29, 2012:
 
                         
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments: 
                        
Municipal Bonds 
   $ —     $ 244,940,837     $ —     $ 244,940,837  
 
 
The following is a reconciliation of the Fund’s Level 3 investments held at the beginning and end of the measurement period:
 
       
   
Level 3
  
   
Municipal Bonds
  
Balance at the beginning of period 
   $ 457,636  
Gains (losses): 
        
Net realized gains (losses) 
     6,970  
Net change in unrealized appreciation (depreciation) 
     100,634  
Purchases at cost 
     —  
Sales at proceeds 
     (70,000 ) 
Net discounts (premiums) 
     510  
Transfers in to 
     —  
Transfers out of 
     (495,750 ) 
Balance at the end of period 
   $ —  
 
During the period ended February 29, 2012, the Fund recognized no significant transfers to or from Level 1 or Level 2. Transfers in and/or out of Level 3 are shown using end of period values.
 
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, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate securities reflected as financing transactions, if any. 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.
 
At February 29, 2012, the cost of investments was $218,608,898.
       
Gross unrealized appreciation and gross unrealized depreciation of investments at February 29, 2012, 
      
were as follows: 
      
       
Gross unrealized: 
      
Appreciation 
   $ 20,175,552  
Depreciation 
     (3,769,943 ) 
Net unrealized appreciation (depreciation) of investments 
   $ 16,405,609  
 

     
(1) 
  
All percentages shown in the Portfolio of Investments are based on net assets applicable to Common 
   
shares unless otherwise noted. 
(2) 
  
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. 
(3) 
  
Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, 
   
Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s 
   
or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated 
   
by any of these national rating agencies. 
(4) 
  
At or subsequent to the end of the reporting period, this security is non-income producing. Non-income 
   
producing security, in the case of a bond, generally denotes that the issuer has (1) defaulted on the 
   
payment of principal or interest, (2) is under the protection of the Federal Bankruptcy Court or (3) the 
   
Fund’s Adviser has concluded that the issue is not likely to meet its future interest payment obligations 
   
and has directed the Fund’s custodian to cease accruing additional income on the Fund’s records. 
(5) 
  
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, 
   
which ensure the timely payment of principal and interest. Certain bonds backed by U.S. Government or 
   
agency securities are regarded as having an implied rating equal to the rating of such securities. 
(6) 
  
MuniFund Term Preferred Shares, at Liquidation Value as a percentage of Total Investments is 30.5%. 
N/R 
  
Not rated. 
(ETM) 
  
Escrowed to maturity. 
(IF) 
  
Inverse floating rate investment. 
(UB) 
  
Underlying bond of an inverse floating rate trust reflected as a financing transaction. 
 

 
 
 
 
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: See 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 Maryland Premium Income Municipal Fund 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date         April 27, 2012        
 
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         April 27, 2012        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date         April 27, 2012