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 811-6619
 
Nuveen New York Premium Income Municipal Fund, Inc.
(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:             9/30          
 
Date of reporting period:          12/31/12         
 
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 New York Premium Income Municipal Fund, Inc. (NNF)  
     
   
December 31, 2012  
     
 
 
Principal  
   
Optional Call  
   
Amount (000)  
 
Description (1)  
Provisions (2)  
Ratings (3)  
Value  
   
Consumer Staples – 2.4% (1.6% of Total Investments)  
     
$       3,700  
 
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006, 5.125%, 6/01/42  
6/16 at 100.00  
B+  
$      3,173,564  
   
Education and Civic Organizations – 21.8% (14.8% of Total Investments)  
     
   
Dormitory Authority of the State of New York, General Revenue Bonds, New York University,  
     
   
Series 2001-1:  
     
1,500  
 
5.500%, 7/01/24 – AMBAC Insured  
No Opt. Call  
AA–  
1,987,080  
500  
 
5.500%, 7/01/40 – AMBAC Insured  
No Opt. Call  
AA–  
658,550  
435  
 
Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of  
No Opt. Call  
BBB  
505,688  
   
Technology, Series 2007, 5.250%, 7/01/34 – FGIC Insured  
     
1,000  
 
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory  
No Opt. Call  
Aa2  
1,024,280  
   
Facilities, Series 2003B, 5.250%, 7/01/32 (Mandatory put 7/01/13) – SYNCORA GTY Insured  
     
635  
 
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory  
7/15 at 100.00  
Aa2  
683,406  
   
Facilities, Series 2004A, 5.000%, 7/01/29 – NPFG Insured  
     
970  
 
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory  
7/16 at 100.00  
Aa2  
1,063,072  
   
Facilities, Series 2006A, 5.000%, 7/01/31 – NPFG Insured  
     
1,500  
 
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory  
7/21 at 100.00  
Aa2  
1,702,530  
   
Facilities, Series 2011A, 5.000%, 7/01/41  
     
1,000  
 
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory  
7/22 at 100.00  
Aa2  
1,165,610  
   
Facilities, Series 2012A, 5.000%, 7/01/42  
     
255  
 
Dormitory Authority of the State of New York, Revenue Bonds, Barnard College, Series 2007A,  
7/17 at 100.00  
BBB  
277,675  
   
5.000%, 7/01/37 – FGIC Insured  
     
600  
 
Dormitory Authority of the State of New York, Revenue Bonds, Convent of the Sacred Heart,  
5/21 at 100.00  
AA–  
712,320  
   
Series 2011, 5.750%, 11/01/40 – AGM Insured  
     
345  
 
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series 2007,  
7/17 at 100.00  
AA–  
381,881  
   
5.000%, 7/01/32 – AMBAC Insured  
     
1,000  
 
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series  
7/19 at 100.00  
AA–  
1,193,680  
   
2009A, 5.250%, 7/01/34  
     
3,000  
 
Dormitory Authority of the State of New York, Revenue Bonds, New York University, Series  
7/19 at 100.00  
AA–  
3,476,040  
   
2009B, 5.000%, 7/01/39  
     
1,000  
 
Dormitory Authority of the State of New York, Revenue Bonds, Non State Supported Debt, Cornell  
7/20 at 100.00  
Aa1  
1,149,720  
   
University, Series 2010A, 5.000%, 7/01/40  
     
   
Dormitory Authority of the State of New York, Revenue Bonds, Rochester Institute of  
     
   
Technology, Series 2006A:  
     
250  
 
5.250%, 7/01/20 – AMBAC Insured  
No Opt. Call  
A1  
308,778  
200  
 
5.250%, 7/01/21 – AMBAC Insured  
No Opt. Call  
A1  
248,986  
1,935  
 
Dormitory Authority of the State of New York, State and Local Appropriation Lease Bonds,  
7/15 at 100.00  
AA–  
2,112,053  
   
Upstate Community Colleges, Series 2005A, 5.000%, 7/01/19 – FGIC Insured  
     
535  
 
Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Colgate  
No Opt. Call  
AA+  
605,845  
   
University, Tender Option Bond Trust 3127, 13.023%, 1/01/14 – AMBAC Insured (IF)  
     
   
New York City Industrial Development Agency, New York, Payment in Lieu of Taxes Revenue Bonds,  
     
   
Queens Baseball Stadium Project, Series 2009:  
     
400  
 
6.125%, 1/01/29 – AGC Insured  
1/19 at 100.00  
AA–  
470,236  
200  
 
6.375%, 1/01/39 – AGC Insured  
1/19 at 100.00  
AA–  
235,168  
1,110  
 
New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball  
1/17 at 100.00  
Ba1  
1,110,799  
   
Stadium Project, Series 2006, 5.000%, 1/01/46 – AMBAC Insured  
     
1,445  
 
New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Project  
3/19 at 100.00  
AA–  
1,765,111  
   
PILOT, Series 2009A, 7.000%, 3/01/49 – AGC Insured  
     
   
New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium  
     
   
Project, Series 2006:  
     
415  
 
5.000%, 3/01/31 – FGIC Insured  
9/16 at 100.00  
BBB  
437,032  
2,360  
 
5.000%, 3/01/36 – NPFG Insured  
9/16 at 100.00  
BBB  
2,462,117  
2,025  
 
4.500%, 3/01/39 – FGIC Insured  
9/16 at 100.00  
BBB  
2,056,550  
600  
 
Niagara Area Development Corporation, New York, Niagara University Project, Series 2012A,  
5/22 at 100.00  
BBB+  
661,806  
   
5.000%, 5/01/35  
     
350  
 
Troy Capital Resource Corporation, New York, Revenue Bonds, Rensselaer Polytechnic Institute,  
9/20 at 100.00  
A–  
388,560  
   
Series 2010A, 5.125%, 9/01/40  
     
25,565  
 
Total Education and Civic Organizations  
   
28,844,573  
   
Financials – 1.4% (1.0% of Total Investments)  
     
1,635  
 
Liberty Development Corporation, New York, Goldman Sachs Headquarter Revenue Bonds, Series  
No Opt. Call  
A
1,909,991  
   
2005, 5.250%, 10/01/35  
     
   
Health Care – 8.0% (5.5% of Total Investments)  
     
280  
 
Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds,  
8/19 at 100.00  
AA+  
346,503  
   
Hospital for Special Surgery, Series 2009, 6.250%, 8/15/34  
     
1,400  
 
Dormitory Authority of the State of New York, FHA-Insured Mortgage Hospital Revenue Bonds, St.  
3/13 at 100.00  
N/R  
1,404,508  
   
Barnabas Hospital, Series 2002A, 5.125%, 2/01/22 – AMBAC Insured  
     
805  
 
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Hudson  
8/17 at 100.00  
AA–  
910,487  
   
Valley Hospital Center, Series 2007, 5.000%, 8/15/27 – AGM Insured  
     
1,405  
 
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore  
2/15 at 100.00  
BBB  
1,489,525  
   
Hospital, Series 2004, 5.000%, 8/01/29 – FGIC Insured  
     
620  
 
Dormitory Authority of the State of New York, Revenue Bonds, Health Quest System Inc., Series  
7/17 at 100.00  
AA–  
691,238  
   
2007B, 5.125%, 7/01/37 – AGC Insured  
     
1,750  
 
Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian  
8/14 at 100.00  
AA–  
1,888,635  
   
Hospital, Series 2004A, 5.250%, 8/15/15 – AGM Insured  
     
   
New York City Health and Hospitals Corporation, New York, Health System Revenue Bonds,  
     
   
Series 2003A:  
     
1,625  
 
5.250%, 2/15/21 – AMBAC Insured  
2/13 at 100.00  
Aa3  
1,633,353  
1,000  
 
5.250%, 2/15/22 – AMBAC Insured  
2/13 at 100.00  
Aa3  
1,005,820  
705  
 
Suffolk County Economic Development Corp / Nassau County Local Economic Assistance & Financing  
7/21 at 100.00  
A–  
805,272  
   
Corp., New York, Revenue Bonds, Catholic Health Services of Long Island Obligated Group  
     
   
Project, Series 2011, 5.000%, 7/01/28  
     
425  
 
Westchester County Health Care Corporation, New York, Senior Lien Revenue Bonds, Series  
11/20 at 100.00  
A3  
503,553  
   
2010-C2, 6.125%, 11/01/37  
     
10,015  
 
Total Health Care  
   
10,678,894  
   
Housing/Multifamily – 2.8% (1.9% of Total Investments)  
     
   
New York City Housing Development Corporation, New York, Capital Fund Program Revenue Bonds,  
     
   
Series 2005A:  
     
400  
 
5.000%, 7/01/14 – FGIC Insured  
No Opt. Call  
AA–  
424,968  
400  
 
5.000%, 7/01/16 – FGIC Insured  
7/15 at 100.00  
AA–  
442,340  
2,165  
 
New York City Housing Development Corporation, New York, Capital Fund Program Revenue Bonds,  
7/15 at 100.00  
AA–  
2,348,570  
   
Series 2005A, 5.000%, 7/01/25 – NPFG Insured (UB) (4)  
     
365  
 
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,  
5/20 at 100.00  
AA  
395,459  
   
Series 2010D-1A, 5.000%, 11/01/42  
     
95  
 
New York State Housing Finance Agency, Mortgage Revenue Refunding Bonds, Housing Project,  
3/13 at 100.00  
AA–  
95,244  
   
Series 1996A, 6.125%, 11/01/20 – AGM Insured  
     
3,425  
 
Total Housing/Multifamily  
   
3,706,581  
   
Tax Obligation/General – 8.6% (5.9% of Total Investments)  
     
500  
 
Erie County, New York, General Obligation Bonds, Series 2003A, 5.250%, 3/15/16 – NPFG Insured  
3/13 at 100.00  
A2  
504,855  
315  
 
Erie County, New York, General Obligation Bonds, Series 2004B, 5.250%, 4/01/13 – NPFG Insured  
No Opt. Call  
A2  
318,415  
210  
 
Nassau County, New York, General Obligation Improvement Bonds, Series 1993H, 5.500%, 6/15/16 –  
No Opt. Call  
A+  
240,782  
   
NPFG Insured  
     
3,000  
 
New York City, New York, General Obligation Bonds, Fiscal 2013 Series A-1, 5.000%, 10/01/28  
10/22 at 100.00  
AA  
3,603,570  
690  
 
New York City, New York, General Obligation Bonds, Fiscal 2013 Series C, 5.000%, 8/01/28  
8/22 at 100.00  
AA  
826,744  
1,000  
 
New York City, New York, General Obligation Bonds, Fiscal Series 2005J, 5.000%, 3/01/19 –  
3/15 at 100.00  
AA  
1,092,910  
   
FGIC Insured  
     
   
New York City, New York, General Obligation Bonds, Series 2004E:  
     
1,000  
 
5.000%, 11/01/19 – AGM Insured (UB)  
11/14 at 100.00  
AA  
1,081,760  
1,100  
 
5.000%, 11/01/20 – AGM Insured (UB)  
11/14 at 100.00  
AA  
1,189,936  
915  
 
Niagara Falls, New York, General Obligation Bonds, Series 1994, 7.500%, 3/01/13 – NPFG Insured  
No Opt. Call  
A2  
924,681  
1,525  
 
Yonkers, New York, General Obligation Bonds, Series 2005A, 5.000%, 8/01/16 – NPFG Insured  
8/15 at 100.00  
BBB+  
1,653,542  
10,255  
 
Total Tax Obligation/General  
   
11,437,195  
   
Tax Obligation/Limited – 63.6% (43.1% of Total Investments)  
     
690  
 
Dormitory Authority of the State of New York, Department of Health Revenue Bonds, Series  
7/15 at 100.00  
AA–  
760,780  
   
2005A, 5.250%, 7/01/24 – CIFG Insured  
     
500  
 
Dormitory Authority of the State of New York, Lease Revenue Bonds, Wayne-Finger Lakes Board of  
8/14 at 100.00  
AA–  
533,455  
   
Cooperative Education Services, Series 2004, 5.000%, 8/15/23 – AGM Insured  
     
1,210  
 
Dormitory Authority of the State of New York, Revenue Bonds, Department of Health, Series  
7/14 at 100.00  
AA–  
1,291,457  
   
2004-2, 5.000%, 7/01/20 – FGIC Insured  
     
   
Dormitory Authority of the State of New York, Revenue Bonds, Mental Health Services Facilities  
     
   
Improvements, Series 2005D-1:  
     
225  
 
5.000%, 2/15/15 – FGIC Insured  
No Opt. Call  
AA–  
245,819  
600  
 
5.000%, 8/15/23 – FGIC Insured  
2/15 at 100.00  
AA–  
650,118  
10  
 
Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing  
4/13 at 100.00  
A+  
10,039  
   
Program, Series 2002D, 5.250%, 10/01/23 – NPFG Insured  
     
1,000  
 
Dormitory Authority of the State of New York, Revenue Bonds, State University Educational  
No Opt. Call  
Aa3  
1,188,700  
   
Facilities, Series 1993A, 5.500%, 5/15/19 – AMBAC Insured  
     
2,200  
 
Dormitory Authority of the State of New York, Second General Resolution Consolidated Revenue  
No Opt. Call  
AA–  
2,549,712  
   
Bonds, City University System, Series 1993A, 5.750%, 7/01/18 – AGM Insured  
     
6,000  
 
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General  
3/21 at 100.00  
AAA  
6,859,799  
   
Purpose Series 2011C, 5.000%, 3/15/41  
     
20  
 
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series  
No Opt. Call  
AAA  
21,909  
   
2005F, 5.000%, 3/15/21 – AGM Insured  
     
1,125  
 
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo  
5/19 at 100.00  
AA–  
1,287,698  
   
City School District Project, Series 2009A, 5.000%, 5/01/31  
     
2,615  
 
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo  
5/17 at 100.00  
AA–  
3,028,144  
   
City School District, Series 2007A, 5.750%, 5/01/28 – AGM Insured (UB)  
     
830  
 
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo  
5/18 at 100.00  
AA–  
987,376  
   
City School District Project, Series 2008A, 5.750%, 5/01/27 – AGM Insured (UB)  
     
1,000  
 
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series  
2/21 at 100.00  
A
1,188,320  
   
2011A, 5.750%, 2/15/47  
     
5,000  
 
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 5.000%,  
2/17 at 100.00  
A
5,289,699  
   
2/15/47 – FGIC Insured  
     
2,415  
 
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Refunding Series  
11/22 at 100.00  
AA  
2,901,574  
   
2012A, 5.000%, 11/15/29  
     
1,500  
 
Metropolitan Transportation Authority, New York, State Service Contract Refunding Bonds,  
No Opt. Call  
AA–  
1,684,140  
   
Series 2002A, 5.750%, 7/01/18 – AGM Insured (UB)  
     
   
New York City Sales Tax Asset Receivable Corporation, New York, Dedicated Revenue Bonds, Local  
     
   
Government Assistance Corporation, Tender Option Bond Trust 2901:  
     
920  
 
5.000%, 10/15/25 – NPFG Insured (UB) (4)  
10/14 at 100.00  
AAA  
990,371  
680  
 
5.000%, 10/15/26 – NPFG Insured (UB) (4)  
10/14 at 100.00  
AAA  
728,042  
4,590  
 
5.000%, 10/15/29 – AMBAC Insured (UB) (4)  
10/14 at 100.00  
AAA  
4,904,966  
2,000  
 
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 2012  
2/22 at 100.00  
AAA  
2,306,480  
   
Series E-1, 5.000%, 2/01/42  
     
4,400  
 
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal 2012  
5/22 at 100.00  
AAA  
5,086,355  
   
Series F-1, 5.000%, 5/01/39  
     
20  
 
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal  
2/13 at 100.00  
AAA  
20,081  
   
Series 2003E, 5.250%, 2/01/22 – NPFG Insured  
     
2,000  
 
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds,  
11/20 at 100.00  
AAA  
2,403,100  
   
Subordinate Lien Series 2011C, 5.500%, 11/01/35  
     
1,000  
 
New York City Transitional Finance Authority, New York, Future Tax Secured Revenue Bonds,  
2/21 at 100.00  
AAA  
1,202,150  
   
SubSeries 2011D-1, 5.250%, 2/01/30  
     
   
New York City, New York, Educational Construction Fund, Revenue Bonds, Series 2011A:  
     
5,340  
 
5.750%, 4/01/33 – AGM Insured  
4/21 at 100.00  
AA+  
6,468,928  
2,000  
 
5.750%, 4/01/41  
4/21 at 100.00  
AA–  
2,387,120  
   
New York Convention Center Development Corporation, Hotel Fee Revenue Bonds, Tender Option  
     
   
Bonds Trust 3095:  
     
345  
 
13.599%, 11/15/30 – AMBAC Insured (IF) (4)  
11/15 at 100.00  
AA+  
413,210  
1,365  
 
13.585%, 11/15/44 – AMBAC Insured (IF) (4)  
11/15 at 100.00  
AA+  
1,570,746  
1,500  
 
New York State Local Government Assistance Corporation, Revenue Bonds, Series 1993E, 5.250%,  
No Opt. Call  
AAA  
1,845,135  
   
4/01/16 – AGM Insured (UB)  
     
1,000  
 
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series  
4/14 at 100.00  
AA  
1,056,360  
   
2004A, 5.000%, 4/01/23 – NPFG Insured  
     
   
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General,  
     
   
Series 2005B:  
     
2,960  
 
5.500%, 4/01/20 – AMBAC Insured  
No Opt. Call  
AA  
3,769,264  
500  
 
5.000%, 4/01/21 – AMBAC Insured  
10/15 at 100.00  
AA  
556,245  
750  
 
New York State Thruway Authority, State Personal Income Tax Revenue Bonds, Series 2004A,  
9/14 at 100.00  
AAA  
805,455  
   
5.000%, 3/15/24 – AMBAC Insured  
     
   
New York State Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed and  
     
   
State Contingency Contract-Backed Bonds, Series 2003A-1:  
     
2,100  
 
5.250%, 6/01/20 – AMBAC Insured  
6/13 at 100.00  
AA–  
2,141,937  
3,800  
 
5.250%, 6/01/22 – AMBAC Insured  
6/13 at 100.00  
AA–  
3,873,947  
665  
 
New York State Urban Development Corporation, Revenue Bonds, Correctional Facilities, Series  
No Opt. Call  
AA–  
678,992  
   
1994A, 5.250%, 1/01/14 – AGM Insured  
     
400  
 
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, Series  
3/15 at 100.00  
AAA  
419,600  
   
2005B, 5.000%, 3/15/30 – AGM Insured  
     
345  
 
Niagara Falls City School District, Niagara County, New York, Certificates of Participation,  
6/15 at 100.00  
AA–  
363,012  
   
High School Facility, Series 2005, 5.000%, 6/15/28 – AGM Insured  
     
1,000  
 
Puerto Rico Highway and Transportation Authority, Highway Revenue Refunding Bonds, Series  
No Opt. Call  
AA–  
1,091,180  
   
2002E, 5.500%, 7/01/18 – AGM Insured  
     
1,470  
 
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series  
8/20 at 100.00  
AA–  
1,543,353  
   
2010C, 5.125%, 8/01/42 – AGM Insured  
     
   
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A:  
     
10,395  
 
0.000%, 8/01/44 – NPFG Insured  
No Opt. Call  
AA–  
1,724,219  
18,280  
 
0.000%, 8/01/46 – NPFG Insured  
No Opt. Call  
AA–  
2,630,309  
20,515  
 
0.000%, 8/01/47 – AMBAC Insured  
No Opt. Call  
AA–  
2,741,625  
117,280  
 
Total Tax Obligation/Limited  
   
84,200,921  
   
Transportation – 11.5% (7.8% of Total Investments)  
     
2,000  
 
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2003A,  
11/13 at 100.00  
AA–  
2,069,480  
   
5.000%, 11/15/25 – AGM Insured  
     
   
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2005A:  
     
600  
 
4.750%, 11/15/27 – NPFG Insured  
11/15 at 100.00  
AA–  
654,342  
1,500  
 
4.750%, 11/15/30 – AMBAC Insured  
11/15 at 100.00  
A
1,608,240  
790  
 
New York Liberty Development Corporation, Liberty Revenue Bonds, 4 World Trade Center Project,  
11/21 at 100.00  
A+  
887,691  
   
Series 2011, 5.000%, 11/15/44  
     
330  
 
New York State Thruway Authority, General Revenue Bonds, Refunding Series 2007H, 5.000%,  
1/18 at 100.00  
A+  
379,170  
   
1/01/25 – FGIC Insured  
     
   
New York State Thruway Authority, General Revenue Bonds, Series 2005F:  
     
925  
 
5.000%, 1/01/20 – AMBAC Insured  
1/15 at 100.00  
A+  
1,000,489  
2,240  
 
5.000%, 1/01/30 – AMBAC Insured  
1/15 at 100.00  
A+  
2,404,259  
600  
 
New York State Thruway Authority, General Revenue Bonds, Series 2005G, 5.000%, 1/01/30 –  
7/15 at 100.00  
AA–  
652,500  
   
AGM Insured (UB)  
     
   
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Fortieth  
     
   
Series 2005:  
     
1,000  
 
5.000%, 12/01/28 – SYNCORA GTY Insured  
6/15 at 101.00  
AA–  
1,089,770  
565  
 
5.000%, 12/01/31 – SYNCORA GTY Insured  
6/15 at 101.00  
AA–  
612,059  
410  
 
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty  
8/17 at 100.00  
AA–  
593,401  
   
Eighth Series 2008, Tender Option Bond Trust 2920, 17.424%, 8/15/32 – AGM Insured (IF)  
     
   
Triborough Bridge and Tunnel Authority, New York, Subordinate Lien General Purpose Revenue  
     
   
Refunding Bonds, Series 2002E:  
     
780  
 
5.500%, 11/15/20 – NPFG Insured  
No Opt. Call  
A+  
995,865  
2,300  
 
5.250%, 11/15/22 – NPFG Insured  
5/13 at 100.00  
A+  
2,308,993  
14,040  
 
Total Transportation  
   
15,256,259  
   
U.S. Guaranteed – 8.2% (5.5% of Total Investments) (5)  
     
2,740  
 
Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan-Kettering Cancer  
7/13 at 100.00  
AA (5)  
2,804,363  
   
Center, Series 2003-1, 5.000%, 7/01/21 (Pre-refunded 7/01/13) – NPFG Insured  
     
730  
 
Dormitory Authority of the State of New York, Revenue Bonds, The New York and Presbyterian  
8/14 at 100.00  
AA– (5)  
783,932  
   
Hospital Project, Series 2007, 5.000%, 8/15/36 (Pre-refunded 8/15/14) – AGM Insured  
     
355  
 
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, Series  
3/15 at 100.00  
AA– (5)  
390,546  
   
2005F, 5.000%, 3/15/21 (Pre-refunded 3/15/15) – AGM Insured  
     
500  
 
Erie County Industrial Development Agency, New York, School Facility Revenue Bonds, Buffalo  
5/14 at 100.00  
AA– (5)  
536,145  
   
City School District, Series 2004, 5.750%, 5/01/26 (Pre-refunded 5/01/14) – AGM Insured  
     
500  
 
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 1999A,  
10/14 at 100.00  
AA+ (5)  
540,205  
   
5.000%, 4/01/29 (Pre-refunded 10/01/14) – AGM Insured  
     
   
Nassau County Interim Finance Authority, New York, Sales Tax Secured Revenue Bonds,  
     
   
Series 2003A:  
     
1,000  
 
5.000%, 11/15/18 (Pre-refunded 11/15/13) – AMBAC Insured  
11/13 at 100.00  
AAA  
1,041,310  
580  
 
4.750%, 11/15/21 (Pre-refunded 11/15/13) – AMBAC Insured  
11/13 at 100.00  
AAA  
602,701  
580  
 
4.750%, 11/15/22 (Pre-refunded 11/15/13) – AMBAC Insured  
11/13 at 100.00  
AAA  
602,701  
230  
 
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue  
6/14 at 100.00  
Aa1 (5)  
245,709  
   
Bonds, Fiscal Series 2004C, 5.000%, 6/15/35 (Pre-refunded 6/15/14) – AMBAC Insured  
     
1,000  
 
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal  
2/14 at 100.00  
AAA  
1,050,940  
   
Series 2004C, 5.000%, 2/01/19 (Pre-refunded 2/01/14) – SYNCORA GTY Insured  
     
100  
 
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, Series  
3/15 at 100.00  
AA– (5)  
110,013  
   
2005B, 5.000%, 3/15/30 (Pre-refunded 3/15/15) – AGM Insured  
     
2,000  
 
New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, State  
3/13 at 100.00  
AA+ (5)  
2,021,700  
   
Facilities and Equipment, Series 2002C-1, 5.500%, 3/15/21 (Pre-refunded 3/15/13) – FGIC Insured  
     
85  
 
Niagara Falls, New York, General Obligation Bonds, Series 1994, 7.500%, 3/01/13 –  
No Opt. Call  
A2 (5)  
86,034  
   
NPFG Insured (ETM)  
     
10,400  
 
Total U.S. Guaranteed  
   
10,816,299  
   
Utilities – 7.9% (5.3% of Total Investments)  
     
540  
 
Guam Power Authority, Revenue Bonds, Series 2010A, 5.000%, 10/01/37 – AGM Insured  
10/20 at 100.00  
AA–  
575,462  
100  
 
Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/34  
10/22 at 100.00  
BBB  
111,543  
   
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:  
     
2,270  
 
5.000%, 12/01/23 – FGIC Insured  
6/16 at 100.00  
A
2,521,107  
2,930  
 
5.000%, 12/01/25 – FGIC Insured  
6/16 at 100.00  
A
3,242,807  
1,500  
 
5.000%, 12/01/26 – AGC Insured  
6/16 at 100.00  
AA+  
1,660,140  
250  
 
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B,  
6/16 at 100.00  
A
272,578  
   
5.000%, 12/01/35 – CIFG Insured  
     
1,000  
 
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A,  
5/21 at 100.00  
A
1,119,450  
   
5.000%, 5/01/38  
     
630  
 
Niagara Area Development Corporation, New York, Solid Waste Disposal Facility Revenue  
No Opt. Call  
BB+  
640,502  
   
Refunding Bonds, Covanta Energy Project, Series 2012B, 4.000%, 11/01/24  
     
250  
 
Power Authority of the State of New York, General Revenue Bonds, Series 2006A, 5.000%,  
11/15 at 100.00  
Aa2  
280,750  
   
11/15/19 – FGIC Insured  
     
9,470  
 
Total Utilities  
   
10,424,339  
   
Water and Sewer – 11.3% (7.6% of Total Investments)  
     
2,000  
 
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue  
6/19 at 100.00  
AA+  
2,390,400  
   
Bonds, Second Generation Resolution, Fiscal 2010 Series 2009BB, 5.000%, 6/15/27  
     
1,780  
 
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue  
12/21 at 100.00  
AA+  
2,024,038  
   
Bonds, Second Generation Resolution, Fiscal 2012 Series BB, 5.000%, 6/15/44  
     
1,200  
 
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue  
6/16 at 100.00  
AAA  
1,329,192  
   
Bonds, Series 2006B, 5.000%, 6/15/36 – NPFG Insured (UB)  
     
1,980  
 
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue  
6/15 at 100.00  
AAA  
2,163,269  
   
Bonds, Fiscal Series 2005C, 5.000%, 6/15/27 – NPFG Insured (UB)  
     
3,075  
 
New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue  
6/14 at 100.00  
AAA  
3,231,734  
   
Bonds, Fiscal Series 2004C, 5.000%, 6/15/35 – AMBAC Insured  
     
1,000  
 
New York State Environmental Facilities Corporation, Revenue Bonds, State Revolving Funds  
2/22 at 100.00  
AAA  
2,645,925  
   
Master Financing, Series 2012B, 5.000%, 2/15/42  
     
2,500  
 
Suffolk County Water Authority, New York, Waterworks Revenue Bonds, Series 2005C, 5.000%,  
6/15 at 100.00  
AAA  
2,645,925  
   
6/01/28 – NPFG Insured (UB)  
     
13,535  
 
Total Water and Sewer  
   
14,942,668  
$        219,320  
 
Total Investments (cost $181,625,199) – 147.5%  
   
195,391,284  
   
Floating Rate Obligations – (12.3)%  
   
(16,350,000)  
   
Variable Rate MuniFund Term Preferred Shares, at Liquidation Value – (38.3)% (6)  
   
(50,700,000)  
   
Other Assets Less Liabilities – 3.1%  
   
4,125,360  
   
Net Assets Applicable to Common Shares – 100%  
   
$     132,466,644  
 
 
 
 
 

 
 
 
 
 
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:  
       
   Municipal Bonds  
$–  
$195,391,284  
$–  
$195,391,284  
 
The Nuveen funds’ Board of Directors/Trustees is responsible for the valuation process and has delegated the oversight of the daily valuation process to the Adviser’s Valuation Committee. The Valuation Committee, pursuant to the valuation policies and procedures adopted by the Board of Directors/Trustees, is responsible for making fair value determinations, evaluating the effectiveness of the funds’ pricing policies, and reporting to the Board of Directors/Trustees. The Valuation Committee is aided in its efforts by the Adviser’s dedicated Securities Valuation Team, which is responsible for administering the daily valuation process and applying fair value methodologies as approved by the Valuation Committee. When determining the reliability of independent pricing services for investments owned by the funds, the Valuation Committee, among other things, conducts due diligence reviews of the pricing services and monitors the quality of security prices received through various testing reports conducted by the Securities Valuation Team.
 
The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer’s financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts’ research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.
 
For each portfolio security that has been fair valued pursuant to the policies adopted by the Board of Directors/Trustees, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such testing and fair valuation occurrences are reported to the Board of Directors/Trustees.
 
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.
 
As of December 31, 2012, the cost of investments was $166,491,330.
   
Gross unrealized appreciation and gross unrealized depreciation of investments as of December 31, 2012,   were as follows:  
 
 
     
Gross unrealized:  
   
   Appreciation  
$ 14,522,682  
   Depreciation  
  (1,968,656 )  
Net unrealized appreciation (depreciation) of investments  
$ 12,554,026  
 
(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)
 
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions.
(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)
 
Variable Rate MuniFund Term Preferred Shares, at Liquidation Value as a percentage of Total Investments is 25.9%.
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 New York Premium Income Municipal Fund, Inc. 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date:          March 1, 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:          March 1, 2013        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:          March 1, 2013        
 

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