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 811-07606
 
Nuveen Connecticut 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:         2/29/16         
 
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
      
 
   
Nuveen Connecticut Premium Income Municipal Fund (NTC)
      
   
February 29, 2016 (Unaudited)
      
 
 
Principal
    
Optional Call
    
Amount (000)
  
Description (1)
Provisions (2)
Ratings (3)
Value
 
   
LONG-TERM INVESTMENTS – 154.1% (100.0% of Total Investments)
      
 
   
MUNICIPAL BONDS – 154.1% (100.0% of Total Investments)
      
 
   
Consumer Staples – 1.4% (0.9% of Total Investments)
      
$ 3,010
  
Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds, Series
5/16 at 100.00
BBB+
$ 3,064,150
   
2002, 5.375%, 5/15/33
      
   
Education and Civic Organizations – 32.9% (21.3% of Total Investments)
      
840
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Chase Collegiate School,
7/17 at 100.00
AA
883,999
   
Series 2007A, 5.000%, 7/01/27 – RAAI Insured
      
1,000
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Connecticut College,
7/17 at 100.00
AA–
1,019,240
   
Series 2007G, 4.500%, 7/01/37 – NPFG Insured
      
1,150
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Connecticut College,
7/21 at 100.00
A2
1,269,807
   
Series 2011H, 5.000%, 7/01/41
      
   
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Fairfield University,
      
   
Series 2010-O:
      
800
  
5.000%, 7/01/35
7/20 at 100.00
A–
899,784
4,000
  
5.000%, 7/01/40
7/20 at 100.00
A–
4,498,920
1,065
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Fairfield University, Series
7/26 at 100.00
A–
1,218,445
   
2016Q-1, 5.000%, 7/01/46
      
   
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Loomis Chaffee School,
      
   
Series 2005F:
      
440
  
5.250%, 7/01/18 – AMBAC Insured
No Opt. Call
A2
483,331
1,510
  
5.250%, 7/01/19 – AMBAC Insured
No Opt. Call
A2
1,714,862
1,125
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Norwich Free Academy,
7/23 at 100.00
A1
1,192,489
   
Series 2013B, 4.000%, 7/01/34
      
7,030
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Quinnipiac University,
7/25 at 100.00
A–
7,917,256
   
Series 2015L, 5.000%, 7/01/45
      
   
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Sacred Heart University,
      
   
Series 2011G:
      
250
  
5.125%, 7/01/26
7/21 at 100.00
BBB+
279,352
3,260
  
5.625%, 7/01/41
7/21 at 100.00
BBB+
3,577,883
   
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Sacred Heart University,
      
   
Series 2012H:
      
1,500
  
5.000%, 7/01/26 – AGM Insured
7/22 at 100.00
AA
1,704,405
1,000
  
5.000%, 7/01/28 – AGM Insured
7/22 at 100.00
AA
1,123,850
   
Connecticut Health and Educational Facilities Authority, Revenue Bonds, The Loomis Chaffee
      
   
School Issue, Series 2011-I:
      
560
  
5.000%, 7/01/23 – AGM Insured
7/21 at 100.00
A2
651,913
225
  
5.000%, 7/01/24 – AGM Insured
7/21 at 100.00
A2
260,251
4,140
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Wesleyan University,
7/20 at 100.00
AA
4,704,406
   
Series 2010G, 5.000%, 7/01/35
      
9,950
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series
7/16 at 100.00
AAA
10,100,145
   
2007Z-1, 5.000%, 7/01/42
      
17,000
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series
7/17 at 100.00
AAA
17,909,670
   
2007Z-3, 5.050%, 7/01/42 (UB) (4)
      
5,580
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Connecticut State
11/23 at 100.00
AA
6,590,929
   
University System, Series 2013N, 5.000%, 11/01/31
      
515
  
University of Connecticut, Student Fee Revenue Bonds, Refunding Series 2010A, 5.000%, 11/15/27
11/19 at 100.00
Aa2
586,245
1,500
  
University of Connecticut, Student Fee Revenue Bonds, Refunding Series 2012A, 5.000%, 11/15/29
No Opt. Call
Aa2
1,788,780
64,440
  
Total Education and Civic Organizations
    
70,375,962
   
Health Care – 31.9% (20.7% of Total Investments)
      
3,200
  
Connecticut Health and Educational Facilities Authority Revenue Bonds, Hartford HealthCare,
7/25 at 100.00
A
3,599,776
   
Series 2015F, 5.000%, 7/01/45
      
4,540
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Ascension Health Series
11/19 at 100.00
AA+
5,022,965
   
2010A, 5.000%, 11/15/40
      
   
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Bristol Hospital,
      
   
Series 2002B:
      
660
  
5.500%, 7/01/21 – RAAI Insured
5/16 at 100.00
AA
662,171
3,000
  
5.500%, 7/01/32 – RAAI Insured
5/16 at 100.00
AA
3,005,910
1,010
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Catholic Health East
11/20 at 100.00
AA
1,112,262
   
Series 2010, 4.750%, 11/15/29
      
200
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Danbury Hospital, Series
5/16 at 100.00
A
200,206
   
2006H, 4.500%, 7/01/33 – AMBAC Insured
      
20
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Eastern Connecticut
5/16 at 100.00
AA
20,076
   
Health Network, Series 2000A, 6.125%, 7/01/20 – RAAI Insured
      
840
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Eastern Connecticut
5/16 at 100.00
AA
841,806
   
Health Network, Series 2005, 5.000%, 7/01/25 – RAAI Insured
      
   
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Griffin Hospital,
      
   
Series 2005B:
      
2,400
  
5.000%, 7/01/20 – RAAI Insured
5/16 at 100.00
A3
2,406,816
1,050
  
5.000%, 7/01/23 – RAAI Insured
5/16 at 100.00
A3
1,052,509
7,025
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Hartford HealthCare,
7/21 at 100.00
A
7,693,148
   
Series 2011A, 5.000%, 7/01/41
      
500
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Hartford HealthCare,
No Opt. Call
A
563,055
   
Series 2014E, 5.000%, 7/01/42
      
   
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Hospital For Special Care,
      
   
Series 2007C:
      
1,065
  
5.250%, 7/01/32 – RAAI Insured
7/17 at 100.00
AA
1,114,810
300
  
5.250%, 7/01/37 – RAAI Insured
7/17 at 100.00
AA
313,134
2,000
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Lawrence and Memorial
7/21 at 100.00
A
2,200,560
   
Hospitals, Series 2011F, 5.000%, 7/01/36
      
   
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Middlesex Hospital,
      
   
Series 2011N:
      
1,105
  
5.000%, 7/01/25
7/21 at 100.00
A2
1,251,689
400
  
5.000%, 7/01/26
7/21 at 100.00
A2
451,708
500
  
5.000%, 7/01/27
7/21 at 100.00
A2
561,565
1,915
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Middlesex Hospital,
7/25 at 100.00
A2
2,182,162
   
Series 2015O, 5.000%, 7/01/36
      
1,275
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Stamford Hospital,
7/20 at 10.00
A
1,430,639
   
Series 2010-I, 5.000%, 7/01/30
      
7,000
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Stamford Hospital,
7/22 at 100.00
A
7,648,130
   
Series 2012J, 5.000%, 7/01/42
      
3,905
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Western Connecticut
7/21 at 100.00
A
4,374,576
   
Health, Series 2011M, 5.375%, 7/01/41
      
4,000
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Western Connecticut
7/21 at 100.00
A
4,480,840
   
Health, Series 2011N, 5.000%, 7/01/29
      
   
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale-New Haven Health
      
   
Issue, Series 2014E:
      
2,610
  
5.000%, 7/01/32
7/24 at 100.00
Aa3
3,055,449
2,740
  
5.000%, 7/01/33
7/24 at 100.00
Aa3
3,192,073
900
  
5.000%, 7/01/34
7/24 at 100.00
Aa3
1,046,313
7,475
  
Monroe County Industrial Development Corporation, New York, FHA Insured Mortgage Revenue
2/21 at 100.00
AA
8,749,562
   
Bonds, Unity Hospital of Rochester Project, Series 2010, 5.500%, 8/15/40
      
61,635
  
Total Health Care
    
68,233,910
   
Housing/Single Family – 2.9% (1.9% of Total Investments)
      
3,900
  
Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2006D,
5/16 at 100.00
AAA
3,917,589
   
4.650%, 11/15/27
      
   
Connecticut Housing Finance Authority, Single Family Housing Mortgage Finance Program Bonds,
      
   
Series 2010-A2:
      
630
  
4.500%, 11/15/30
11/19 at 100.00
AAA
662,728
1,500
  
4.750%, 11/15/35
11/19 at 100.00
AAA
1,571,040
6,030
  
Total Housing/Single Family
    
6,151,357
   
Long-Term Care – 2.0% (1.3% of Total Investments)
      
1,100
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Duncaster, Inc., Series
8/24 at 100.00
BBB–
1,134,661
   
2014A, 5.000%, 8/01/44
      
1,500
  
Connecticut Housing Finance Authority, Special Needs Housing Mortgage Finance Program Special
5/16 at 100.00
N/R
1,501,620
   
Obligation Bonds, Series 2002SNH-1, 5.000%, 6/15/32 – AMBAC Insured
      
1,380
  
Connecticut Housing Finance Authority, State Supported Special Obligation Bonds, Refunding
6/20 at 100.00
AA
1,565,679
   
Series 2010-16, 5.000%, 6/15/30
      
3,980
  
Total Long-Term Care
    
4,201,960
   
Tax Obligation/General – 26.5% (17.2% of Total Investments)
      
   
Bridgeport, Connecticut, General Obligation Bonds, Series 2014A:
      
2,345
  
5.000%, 7/01/32 – AGM Insured
7/24 at 100.00
AA
2,699,869
1,600
  
5.000%, 7/01/34 – AGM Insured
7/24 at 100.00
AA
1,829,392
5,100
  
Connecticut State, General Obligation Bonds, Green Series 2014G, 5.000%, 11/15/31
11/24 at 100.00
AA
6,031,005
2,100
  
Connecticut State, General Obligation Bonds, Refunding Series 2006E, 5.000%, 12/15/20
12/16 at 10.00
AA
2,180,388
2,290
  
Connecticut State, General Obligation Bonds, Refunding Series 2012E, 5.000%, 9/15/32
9/22 at 100.00
AA
2,663,636
3,500
  
Connecticut State, General Obligation Bonds, Series 2006A, 4.750%, 12/15/24
12/16 at 100.00
AA
3,622,920
1,000
  
Connecticut State, General Obligation Bonds, Series 2011D, 5.000%, 11/01/31
11/21 at 100.00
AA
1,170,910
2,600
  
Connecticut State, General Obligation Bonds, Series 2014A, 5.000%, 3/01/31
3/24 at 100.00
AA
3,040,180
3,500
  
Connecticut State, General Obligation Bonds, Series 2014F, 5.000%, 11/15/34
11/24 at 100.00
AA
4,076,695
2,630
  
Connecticut State, General Obligation Bonds, Series 2015F, 5.000%, 11/15/34
11/25 at 100.00
AA
3,094,405
1,000
  
Hartford, Connecticut, General Obligation Bonds, Refunding Series 2013A, 5.000%, 4/01/31
4/23 at 100.00
AA–
1,133,660
870
  
Hartford, Connecticut, General Obligation Bonds, Series 2009A, 5.000%, 8/15/28
8/19 at 100.00
AA
967,466
2,000
  
Hartford, Connecticut, General Obligation Bonds, Series 2013B, 5.000%, 4/01/33
4/23 at 100.00
AA–
2,257,760
2,150
  
New Haven, Connecticut, General Obligation Bonds, Refunding Series 2006, 5.000%, 11/01/17 –
11/16 at 100.00
A–
2,215,059
   
AMBAC Insured
      
   
New Haven, Connecticut, General Obligation Bonds, Series 2015:
      
790
  
5.000%, 9/01/32 – AGM Insured
9/25 at 100.00
AA
928,400
1,620
  
5.000%, 9/01/33 – AGM Insured
9/25 at 100.00
AA
1,900,876
500
  
5.000%, 9/01/35 – AGM Insured
9/25 at 100.00
AA
583,070
985
  
New Haven, Connecticut, General Obligation Bonds, Series 2014A, 5.000%, 8/01/33 – AGM Insured
8/24 at 100.00
AA
1,116,517
900
  
North Haven, Connecticut, General Obligation Bonds, Series 2006, 5.000%, 7/15/24
No Opt. Call
Aa1
1,123,947
3,890
  
Oregon State, General Obligation Bonds, Oregon University System Projects, Series 2011G,
8/21 at 100.00
AA+
4,524,264
   
5.000%, 8/01/36
      
2,500
  
Stamford, Connecticut, General Obligation Bonds, Refunding Series 2014, 3.000%, 8/15/22
8/21 at 100.00
AAA
2,733,975
600
  
Stratford, Connecticut, General Obligation Bonds, Series 2014, 5.000%, 12/15/32
12/22 at 100.00
AA
713,352
   
Suffield, Connecticut, General Obligation Bonds, Refunding Series 2005:
      
800
  
5.000%, 6/15/17
No Opt. Call
AA+
846,664
820
  
5.000%, 6/15/19
No Opt. Call
AA+
932,996
1,400
  
5.000%, 6/15/21
No Opt. Call
AA+
1,684,466
   
Waterbury, Connecticut, General Obligation Bonds, Lot A Series 2015:
      
445
  
5.000%, 8/01/30 – BAM Insured
8/25 at 100.00
AA
527,770
390
  
5.000%, 8/01/31 – BAM Insured
8/25 at 100.00
AA
459,206
610
  
5.000%, 8/01/32 – BAM Insured
8/25 at 100.00
AA
713,291
445
  
5.000%, 8/01/33 – BAM Insured
8/25 at 100.00
AA
519,956
445
  
5.000%, 8/01/34 – BAM Insured
8/25 at 100.00
AA
517,566
49,825
  
Total Tax Obligation/General
    
56,809,661
   
Tax Obligation/Limited – 22.0% (14.3% of Total Investments)
      
   
Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes,
      
   
Series 2014A:
      
3,835
  
5.000%, 9/01/33
9/24 at 100.00
AA
4,526,872
1,000
  
5.000%, 9/01/34
9/24 at 100.00
AA
1,176,240
2,500
  
Connecticut State, Special Tax Obligation Transportation Infrastructure Purposes Bonds, Series
No Opt. Call
AA
2,888,875
   
2012A, 5.000%, 1/01/33
      
3,855
  
Connecticut State, Special Tax Obligation Transportation Infrastructure Purposes Bonds, Series
10/23 at 100.00
AA
4,514,436
   
2013A, 5.000%, 10/01/33
      
1,380
  
Connecticut State, Special Tax Obligation Transportation Infrastructure Purposes Bonds, Series
8/25 at 100.00
AA
1,642,462
   
2015A, 5.000%, 8/01/33
      
1,000
  
Connecticut, Certificates of Participation, Juvenile Training School, Series 2001, 5.000%, 12/15/30
5/16 at 100.00
AA–
1,002,660
   
Government of Guam, Business Privilege Tax Bonds, Series 2011A:
      
840
  
5.250%, 1/01/36
1/22 at 100.00
A
935,743
3,200
  
5.125%, 1/01/42
1/22 at 100.00
A
3,509,504
3,000
  
Harbor Point Infrastructure Improvement District, Connecticut, Special Obligation Revenue Bonds,
4/20 at 100.00
N/R
3,559,170
   
Harbor Point Project, Series 2010A, 7.875%, 4/01/39
      
2,550
  
Puerto Rico Municipal Finance Agency, Series 2005C, 5.000%, 8/01/16 – AGM Insured
5/16 at 100.00
AA
2,559,053
1,500
  
Puerto Rico Municipal Finance Agency, Series 2002A, 5.250%, 8/01/21 – AGM Insured
5/16 at 100.00
AA
1,505,520
1,300
  
University of Connecticut, General Obligation Bonds, Series 2006A, 5.000%, 2/15/19 – FGIC Insured
4/16 at 100.00
AA
1,305,447
2,600
  
University of Connecticut, General Obligation Bonds, Series 2010A, 5.000%, 2/15/28
2/20 at 100.00
AA
2,968,342
   
University of Connecticut, General Obligation Bonds, Series 2013A:
      
2,290
  
5.000%, 8/15/20
No Opt. Call
AA
2,683,766
2,500
  
5.000%, 8/15/32
8/23 at 100.00
AA
2,917,425
760
  
University of Connecticut, General Obligation Bonds, Series 2014A, 5.000%, 2/15/31
2/24 at 100.00
AA
892,787
1,415
  
University of Connecticut, General Obligation Bonds, Series 2015A, 5.000%, 2/15/34
No Opt. Call
AA
1,657,743
   
Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Refunding Series 2012A:
      
2,275
  
5.000%, 10/01/32
No Opt. Call
BBB+
2,450,585
1,790
  
5.000%, 10/01/32 – AGM Insured
No Opt. Call
AA
1,976,411
2,150
  
Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Senior Lien
10/20 at 100.00
BBB
2,340,705
   
Series 2010A, 5.000%, 10/01/29
      
41,740
  
Total Tax Obligation/Limited
    
47,013,746
   
Transportation – 0.2% (0.2% of Total Investments)
      
450
  
Virgin Islands Port Authority, Marine Revenue Bonds, Refunding Series 2014B, 5.000%, 9/01/44
9/24 at 100.00
BBB+
493,389
   
U.S. Guaranteed – 11.6% (7.5% of Total Investments) (5)
      
   
Connecticut Health and Educational Facilities Authority, Child Care Facilities Program Revenue
      
   
Bonds, Series 2006F:
      
2,525
  
5.000%, 7/01/31 (Pre-refunded 7/01/16) – AGC Insured
7/16 at 100.00
AA (5)
2,563,532
2,930
  
5.000%, 7/01/36 (Pre-refunded 7/01/16) – AGC Insured
7/16 at 100.00
AA (5)
2,974,712
4,405
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Quinnipiac University,
7/17 at 100.00
AA– (5)
4,667,626
   
Series 2007-I, 5.000%, 7/01/25 (Pre-refunded 7/01/17) – NPFG Insured
      
   
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Renbrook School,
      
   
Series 2007A:
      
465
  
5.000%, 7/01/30 (Pre-refunded 7/01/17) – AMBAC Insured
7/17 at 100.00
N/R (5)
492,723
735
  
5.000%, 7/01/37 (Pre-refunded 7/01/17) – AMBAC Insured
7/17 at 100.00
N/R (5)
778,821
775
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, William W. Backus
7/18 at 100.00
AA (5)
854,701
   
Hospital, Series 2005F, 5.125%, 7/01/35 (Pre-refunded 7/01/18) – AGM Insured
      
1,240
  
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale-New Haven
7/20 at 100.00
Aa3 (5)
1,480,709
   
Hospital, Series 2010M, 5.500%, 7/01/40 (Pre-refunded 7/01/20)
      
1,125
  
Connecticut State Development Authority, Health Facilities Revenue Bonds, Alzheimer’s Resource
8/17 at 100.00
N/R (5)
1,203,109
   
Center of Connecticut, Inc., Series 2007, 5.500%, 8/15/27 (Pre-refunded 8/15/17)
      
5,000
  
Connecticut State, Special Tax Obligation Transportation Infrastructure Bonds, Series 2007A,
8/17 at 100.00
AA (5)
5,317,800
   
5.000%, 8/01/27 (Pre-refunded 8/01/17) – AMBAC Insured
      
870
  
Hartford, Connecticut, General Obligation Bonds, Series 2009A, 5.000%, 8/15/28
8/19 at 100.00
AA (5)
994,488
   
(Pre-refunded 8/15/19)
      
40
  
New Haven, Connecticut, General Obligation Bonds, Series 2002A, 5.250%, 11/01/17 – AMBAC
5/16 at 100.00
A– (5)
41,562
   
Insured (ETM)
      
1,010
  
Puerto Rico Public Finance Corporation, Commonwealth Appropriation Bonds, Series 1998A,
No Opt. Call
Aaa
1,221,161
   
5.125%, 6/01/24 – AMBAC Insured (ETM)
      
1,725
  
Stamford, Connecticut, Special Obligation Revenue Bonds, Mill River Corridor Project, Series
4/21 at 100.00
N/R (5)
2,208,138
   
2011A, 7.000%, 4/01/41 (Pre-refunded 4/01/21)
      
22,845
  
Total U.S. Guaranteed
    
24,799,082
   
Utilities – 6.3% (4.1% of Total Investments)
      
4,375
  
Connecticut Development Authority, Water Facility Revenue Bonds, Aquarion Water Company
9/17 at 100.00
N/R
4,485,600
   
Project, Series 2007, 5.100%, 9/01/37 – SYNCORA GTY Insured (Alternative Minimum Tax)
      
   
Connecticut Municipal Electric Energy Cooperative, Power Supply System Revenue Bonds, Tender
      
   
Option Bond Trust 1164:
      
1,295
  
17.290%, 1/01/32 (IF) (4)
1/23 at 100.00
Aa3
2,073,878
410
  
17.130%, 1/01/38 (IF) (4)
1/23 at 100.00
Aa3
614,184
   
Connecticut Transmission Municipal Electric Energy Cooperative, Transmission System Revenue
      
   
Bonds, Series 2012A:
      
655
  
5.000%, 1/01/31
1/22 at 100.00
Aa3
764,732
500
  
5.000%, 1/01/32
1/22 at 100.00
Aa3
581,365
2,830
  
5.000%, 1/01/42
1/22 at 100.00
Aa3
3,218,644
1,765
  
Eastern Connecticut Resource Recovery Authority, Solid Waste Revenue Bonds, Wheelabrator
5/16 at 100.00
A–
1,777,108
   
Lisbon Project, Series 1993A, 5.500%, 1/01/20 (Alternative Minimum Tax)
      
11,830
  
Total Utilities
    
13,515,511
   
Water and Sewer – 16.4% (10.6% of Total Investments)
      
   
Greater New Haven Water Pollution Control Authority, Connecticut, Regional Wastewater System
      
   
Revenue Bonds, Refunding Series 2014B:
      
500
  
5.000%, 8/15/30
8/24 at 100.00
AA
595,790
1,000
  
5.000%, 8/15/31
8/24 at 100.00
AA
1,185,390
500
  
5.000%, 8/15/32
8/24 at 100.00
AA
589,360
55
  
Greater New Haven Water Pollution Control Authority, Connecticut, Regional Wastewater System
11/16 at 100.00
AA
55,206
   
Revenue Bonds, Series 2005A, 5.000%, 8/15/35 – NPFG Insured
      
2,050
  
Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series
7/20 at 100.00
A–
2,266,439
   
2010, 5.625%, 7/01/40
      
1,125
  
Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series
7/26 at 100.00
A–
1,261,980
   
2016, 5.000%, 1/01/46
      
6,815
  
Hartford County Metropolitan District, Connecticut, Clean Water Project Revenue Bonds, Refunding
11/24 at 100.00
AA
7,882,502
   
Green Bond Series 2014A, 5.000%, 11/01/42
      
   
Hartford County Metropolitan District, Connecticut, Clean Water Project Revenue Bonds,
      
   
Series 2013A:
      
4,100
  
5.000%, 4/01/36
4/22 at 100.00
AA
4,748,907
2,500
  
5.000%, 4/01/39
4/22 at 100.00
AA
2,870,700
795
  
South Central Connecticut Regional Water Authority Water System Revenue Bonds, Thirtieth
8/24 at 100.00
Aa3
908,725
   
Series 2014A, 5.000%, 8/01/44
      
1,840
  
South Central Connecticut Regional Water Authority, Water System Revenue Bonds, Twentieth
8/16 at 100.00
AA–
1,874,150
   
Series, 2007A, 5.000%, 8/01/30 – NPFG Insured
      
4,870
  
South Central Connecticut Regional Water Authority, Water System Revenue Bonds,
8/21 at 100.00
Aa3
5,636,782
   
Twentieth-Sixth Series, 2011, 5.000%, 8/01/41
      
4,000
  
South Central Connecticut Regional Water Authority, Water System Revenue Bonds,
No Opt. Call
Aa3
4,649,080
   
Twenty-Seventh Series 2012, 5.000%, 8/01/33
      
500
  
Stamford, Connecticut, Water Pollution Control System and Facility Revenue Bonds, Series 2013A,
8/23 at 100.00
AA+
583,425
   
5.250%, 8/15/43
      
30,650
  
Total Water and Sewer
    
35,108,436
$ 296,435
  
Total Long-Term Investments (cost $310,013,799)
    
329,767,164
   
Floating Rate Obligations – (6.0)%
    
(12,750,000)
   
Variable Rate MuniFund Term Preferred Shares, at Liquidation Preference – (49.5)% (6)
    
(106,000,000)
   
Other Assets Less Liabilities – 1.4%
    
2,914,600
   
Net Assets Applicable to Common Shares – 100%
    
$ 213,931,764
 
 
 
 
 
 
Fair Value Measurements
 
Fair Value is defined as the price that would be received 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 hierarch of valuation input levels.
 
Level 1 – Inputs are adjusted 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 risk 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
$ —
$329,767,164
$ —
$329,767,164
 
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 no require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.
 
As of February 29, 2016, the cost of investments was $297,429,257.
 
Gross unrealized appreciation and gross unrealized depreciation of investments as of February 29, 2016, were as follows:
   
Gross unrealized:
  
Appreciation
$19,880,410
Depreciation
(292,503)
Net unrealized appreciation (depreciation) of investments
$19,587,907
 
     
(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 recognized as having an implied rating equal to the rating of such securities.
(6)
  
Variable Rate MuniFund Term Preferred Shares, at Liquidation Preference as a percentage of Total
   
Investments is 32.1%.
(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 Connecticut Premium Income Municipal Fund 
 
By (Signature and Title) /s/ Kevin J. McCarthy                    
       Kevin J. McCarthy
     Vice President and Secretary
                                         
Date:         April 29, 2016        
 
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 29, 2016        
 
By (Signature and Title) /s/ Stephen D. Foy                         
 
     Stephen D. Foy
     Vice President and Controller (principal financial officer)
                                                                                         
Date:         April 29, 2016