Unassociated Document



 
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 811-7606
 
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:         2/28/10         
 
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 Connecticut Premium Income Municipal Fund (NTC)       
  February 28, 2010       
Principal    Optional Call     
Amount (000)  Description (1)  Provisions (2)  Ratings (3)  Value 
  Consumer Staples – 1.7% (1.1% of Total Investments)       
$    1,340  Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Refunding Bonds,  5/12 at 100.00  BBB  $    1,299,787 
  Series 2002, 5.375%, 5/15/33       
  Education and Civic Organizations – 36.6% (24.6% of Total Investments)       
1,000  Connecticut Health and Education Facilities Authority, Revenue Bonds, Quinnipiac University,  7/16 at 100.00  A2  1,006,420 
  Series 2006, 5.000%, 7/01/36 – AMBAC Insured       
1,595  Connecticut Health and Education Facilities Authority, Revenue Bonds, Quinnipiac University,  7/17 at 100.00  A  1,671,783 
  Series 2007-I, 5.000%, 7/01/25 – NPFG Insured       
1,050  Connecticut Health and Education Facilities Authority, University of Hartford Revenue Bonds,  7/16 at 100.00  BBB–  933,639 
  Series 2006G, 5.250%, 7/01/36 – RAAI Insured       
925  Connecticut Health and Educational Facilities Authority, Revenue Bonds, Brunswick School,  7/13 at 100.00  A  930,032 
  Series 2003B, 5.000%, 7/01/33 – NPFG Insured       
500  Connecticut Health and Educational Facilities Authority, Revenue Bonds, Canterbury School,  7/16 at 100.00  N/R  451,895 
  Series 2006B, 5.000%, 7/01/36 – RAAI Insured       
305  Connecticut Health and Educational Facilities Authority, Revenue Bonds, Chase Collegiate  7/17 at 100.00  N/R  294,011 
  School, Series 2007A, 5.000%, 7/01/27 – RAAI Insured       
725  Connecticut Health and Educational Facilities Authority, Revenue Bonds, Fairfield University,  7/10 at 100.00  A  733,504 
  Series 1998H, 5.000%, 7/01/23 – MBIA Insured       
750  Connecticut Health and Educational Facilities Authority, Revenue Bonds, Horace Bushnell  7/10 at 100.50  Baa1  758,865 
  Memorial Hall, Series 1999A, 5.625%, 7/01/29 – NPFG Insured       
800  Connecticut Health and Educational Facilities Authority, Revenue Bonds, Loomis Chaffee School,  No Opt. Call  A2  907,000 
  Series 2005F, 5.250%, 7/01/19 – AMBAC Insured       
270  Connecticut Health and Educational Facilities Authority, Revenue Bonds, Renbrook School,  7/17 at 100.00  N/R  254,640 
  Series 2007A, 5.000%, 7/01/37 – AMBAC Insured       
1,375  Connecticut Health and Educational Facilities Authority, Revenue Bonds, Trinity College,  7/14 at 100.00  A+  1,494,611 
  Series 2004H, 5.000%, 7/01/21 – NPFG Insured       
2,000  Connecticut Health and Educational Facilities Authority, Revenue Bonds, University of  7/12 at 101.00  BBB–  1,811,980 
  Hartford, Series 2002E, 5.250%, 7/01/32 – RAAI Insured       
1,500  Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University,  7/13 at 100.00  AAA  1,539,615 
  Series 2003X-1, 5.000%, 7/01/42 (UB)       
3,550  Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University,  7/16 at 100.00  AAA  3,717,702 
  Series 2007Z-1, 5.000%, 7/01/42 (UB)       
6,150  Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University,  7/17 at 100.00  AAA  6,483,146 
  Series 2007Z-3, 5.050%, 7/01/42 (UB)       
250  Connecticut Higher Education Supplemental Loan Authority, Revenue Bonds, Family Education Loan  5/10 at 102.00  AAA  255,265 
  Program, Series 1999A, 6.000%, 11/15/18 – AMBAC Insured (Alternative Minimum Tax)       
615  Connecticut Higher Education Supplemental Loan Authority, Revenue Bonds, Family Education Loan  11/11 at 100.00  Aa3  622,589 
  Program, Series 2001A, 5.250%, 11/15/18 – NPFG Insured (Alternative Minimum Tax)       
1,000  University of Connecticut, General Obligation Bonds, Series 2004A, 5.000%, 1/15/18 –  1/14 at 100.00  AA  1,086,480 
  NPFG Insured       
1,220  University of Connecticut, General Obligation Bonds, Series 2005A, 5.000%, 2/15/17 –  2/15 at 100.00  AAA  1,397,034 
  AGM Insured       
685  University of Connecticut, General Obligation Bonds, Series 2006A, 5.000%, 2/15/23 –  2/16 at 100.00  AA  748,904 
  FGIC Insured       
1,000  University of Connecticut, Student Fee Revenue Refunding Bonds, Series 2002A, 5.250%,  11/12 at 101.00  AA–  1,112,440 
  11/15/19 – FGIC Insured       
27,265  Total Education and Civic Organizations      28,211,555 
  Health Care – 15.7% (10.6% of Total Investments)       
  Connecticut Health and Educational Facilities Authority, Revenue Bonds, Bristol Hospital,       
  Series 2002B:       
500  5.500%, 7/01/21 – RAAI Insured  7/12 at 101.00  N/R  470,960 
700  5.500%, 7/01/32 – RAAI Insured  7/12 at 101.00  N/R  621,033 
645  Connecticut Health and Educational Facilities Authority, Revenue Bonds, Eastern Connecticut  7/10 at 101.00  N/R  643,658 
  Health Network, Series 2000A, 6.000%, 7/01/25 – RAAI Insured       
  Connecticut Health and Educational Facilities Authority, Revenue Bonds, Griffin Hospital,       
  Series 2005B:       
800  5.000%, 7/01/20 – RAAI Insured  7/15 at 100.00  N/R  770,528 
500  5.000%, 7/01/23 – RAAI Insured  7/15 at 100.00  N/R  468,450 
385  Connecticut Health and Educational Facilities Authority, Revenue Bonds, Hospital For Special  7/17 at 100.00  BBB–  342,323 
  Care, Series 2007C, 5.250%, 7/01/32 – RAAI Insured       
2,620  Connecticut Health and Educational Facilities Authority, Revenue Bonds, Middlesex Hospital,  7/16 at 100.00  Aa3  2,629,720 
  Series 2006, 5.000%, 7/01/32 – AGM Insured       
2,000  Connecticut Health and Educational Facilities Authority, Revenue Bonds, Stamford Hospital,  7/10 at 100.50  Baa1  1,893,920 
  Series 1999G, 5.000%, 7/01/24 – NPFG Insured       
1,395  Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale-New Haven  7/16 at 100.00  A1  1,403,203 
  Hospital, Series 2006J-1, 5.000%, 7/01/31 – AMBAC Insured       
3,000  Connecticut Health and Educational Facilities Authority, Revenue Refunding Bonds, Middlesex  7/10 at 100.00  A2  2,891,280 
  Health Services, Series 1997H, 5.125%, 7/01/27 – NPFG Insured       
12,545  Total Health Care      12,135,075 
  Housing/Multifamily – 5.2% (3.5% of Total Investments)       
1,000  Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 1999D-2,  6/10 at 100.00  AAA  1,000,710 
  6.200%, 11/15/41 (Alternative Minimum Tax)       
1,000  Connecticut Housing Finance Authority, Multifamily Housing Mortgage Finance Program Bonds,  11/15 at 100.00  AAA  989,340 
  Series 2006G-2, 4.800%, 11/15/27 (Alternative Minimum Tax)       
2,000  Connecticut Housing Finance Authority, Single Family Housing Mortgage Finance Program Bonds,  11/19 at 100.00  AAA  1,994,540 
  Series 2010-A2, 4.500%, 11/15/30       
4,000  Total Housing/Multifamily      3,984,590 
  Housing/Single Family – 7.4% (4.9% of Total Investments)       
  Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2001C:       
1,000  5.300%, 11/15/33 (Alternative Minimum Tax)  11/10 at 100.00  AAA  1,001,590 
500  5.450%, 11/15/43 (Alternative Minimum Tax)  11/10 at 100.00  AAA  500,655 
1,675  Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2004-A5,  5/13 at 100.00  AAA  1,700,711 
  5.050%, 11/15/34       
  Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2006-A1:       
205  4.700%, 11/15/26 (Alternative Minimum Tax)  11/15 at 100.00  AAA  201,722 
220  4.800%, 11/15/31 (Alternative Minimum Tax)  11/15 at 100.00  AAA  213,061 
2,045  Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2006D,  5/16 at 100.00  AAA  2,062,239 
  4.650%, 11/15/27       
5,645  Total Housing/Single Family      5,679,978 
  Long-Term Care – 3.8% (2.6% of Total Investments)       
320  Connecticut Development Authority, First Mortgage Gross Revenue Refunding Healthcare Bonds,  4/10 at 100.00  BBB–  320,426 
  Church Homes Inc. – Congregational Avery Heights, Series 1997, 5.700%, 4/01/12       
615  Connecticut Development Authority, First Mortgage Gross Revenue Refunding Healthcare Bonds,  3/10 at 102.00  BBB–  622,940 
  Connecticut Baptist Homes Inc., Series 1999, 5.500%, 9/01/15 – RAAI Insured       
  Connecticut Development Authority, Revenue Refunding Bonds, Duncaster Inc., Series 1999A:       
1,000  5.250%, 8/01/19 – RAAI Insured  8/10 at 101.00  BBB  1,010,800 
1,000  5.375%, 8/01/24 – RAAI Insured  8/10 at 101.00  BBB  1,006,040 
2,935  Total Long-Term Care      2,960,206 
  Tax Obligation/General – 21.0% (14.1% of Total Investments)       
750  Bridgeport, Connecticut, General Obligation Refunding Bonds, Series 2002A, 5.375%, 8/15/19 –  8/12 at 100.00  Baa1  771,788 
  FGIC Insured       
1,110  Connecticut State, General Obligation Bonds, Series 2004C, 5.000%, 4/01/23 – FGIC Insured  4/14 at 100.00  AA  1,184,803 
2,000  Connecticut State, General Obligation Bonds, Series 2006A, 4.750%, 12/15/24  12/16 at 100.00  AA  2,173,540 
1,300  Connecticut State, General Obligation Bonds, Series 2006C, 5.000%, 6/01/23 – AGM Insured  6/16 at 100.00  AAA  1,430,793 
500  Connecticut State, General Obligation Bonds, Series 2006E, 5.000%, 12/15/20  12/16 at 100.00  AA  563,955 
  Hartford, Connecticut, General Obligation Bonds, Series 2005A:       
775  5.000%, 8/01/20 – AGM Insured  8/15 at 100.00  AAA  846,602 
525  4.375%, 8/01/24 – AGM Insured  8/15 at 100.00  AAA  537,033 
500  New Haven, Connecticut, General Obligation Bonds, Series 2006, 5.000%, 11/01/17 – AMBAC Insured  11/16 at 100.00  A–  557,800 
500  North Haven, Connecticut, General Obligation Bonds, Series 2006, 5.000%, 7/15/24  No Opt. Call  Aa2  592,920 
1,860  Puerto Rico, General Obligation and Public Improvement Bonds, Series 2001A, 5.500%, 7/01/20 –  No Opt. Call  A  1,965,071 
  NPFG Insured       
1,420  Regional School District 16, Connecticut, General Obligation Bonds, Series 2003, 5.000%,  3/13 at 101.00  A3  1,560,225 
  3/15/16 – AMBAC Insured       
  Suffield, Connecticut, General Obligation Bonds, Series 2005:       
465  5.000%, 6/15/17  No Opt. Call  AA  549,523 
460  5.000%, 6/15/19  No Opt. Call  AA  544,139 
1,000  5.000%, 6/15/21  No Opt. Call  AA  1,191,110 
1,500  West Hartford, Connecticut, General Obligation Bonds, Series 2005B, 5.000%, 10/01/18  10/15 at 100.00  AAA  1,745,775 
14,665  Total Tax Obligation/General      16,215,077 
  Tax Obligation/Limited – 24.4% (16.4% of Total Investments)       
380  Capitol Region Education Council, Connecticut, Revenue Bonds, Series 1995, 6.700%, 10/15/10  4/10 at 100.00  BBB  381,467 
  Connecticut Health and Educational Facilities Authority, Child Care Facilities Program Revenue       
  Bonds, Series 2006F:       
1,300  5.000%, 7/01/31 – AGC Insured  7/16 at 100.00  AAA  1,336,907 
1,000  5.000%, 7/01/36 – AGC Insured  7/16 at 100.00  AAA  1,017,890 
1,945  Connecticut Health and Educational Facilities Authority, Revenue Bonds, Child Care Facilities  7/10 at 101.00  N/R  1,951,457 
  Program, Series 1999C, 5.625%, 7/01/29 – AMBAC Insured       
  Connecticut, Special Tax Obligation Transportation Infrastructure Purpose Bonds, Series 2002B:       
2,000  5.000%, 12/01/20 – AMBAC Insured  12/12 at 100.00  AA  2,089,760 
1,000  5.000%, 12/01/21 – AMBAC Insured  12/12 at 100.00  AA  1,052,570 
500  Connecticut, Special Tax Obligation Transportation Infrastructure Purpose Bonds, Series 2003B,  1/14 at 100.00  AA  535,835 
  5.000%, 1/01/23 – FGIC Insured       
1,750  Connecticut, Special Tax Obligation Transportation Infrastructure Purpose Revenue Bonds,  8/17 at 100.00  AA  1,881,863 
  Series 2007A, 5.000%, 8/01/27 – AMBAC Insured       
1,100  Harbor Point Infrastructure Improvement District, Connecticut, Special Obligation Revenue  4/20 at 100.00  N/R  1,128,963 
  Bonds, Harbor Point Project, Series 2010A, 7.875%, 4/01/39       
  Puerto Rico Infrastructure Financing Authority, Special Tax Revenue Bonds, Series 2005A:       
960  0.000%, 7/01/32 – FGIC Insured  No Opt. Call  BBB+  207,917 
2,615  0.000%, 7/01/33 – FGIC Insured  No Opt. Call  BBB+  521,536 
2,000  Puerto Rico Municipal Finance Agency, Series 2002A, 5.250%, 8/01/21 – AGM Insured  8/12 at 100.00  AAA  2,044,740 
2,400  Puerto Rico Municipal Finance Agency, Series 2005C, 5.000%, 8/01/16 – AGM Insured  8/15 at 100.00  AAA  2,614,728 
975  Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series  2/20 at 100.00  A+  976,073 
  2010A, 5.375%, 8/01/39       
1,000  Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Series 2003, 5.250%,  10/14 at 100.00  AAA  1,047,700 
  10/01/19 – AGM Insured       
20,925  Total Tax Obligation/Limited      18,789,406 
  Transportation – 1.0% (0.6% of Total Investments)       
750  Connecticut, General Airport Revenue Bonds, Bradley International Airport, Series 2001A,  4/11 at 101.00  A  750,773 
  5.125%, 10/01/26 – FGIC Insured (Alternative Minimum Tax)       
  U.S. Guaranteed – 12.0% (8.1% of Total Investments) (4)       
50  Connecticut Health and Educational Facilities Authority, Revenue Bonds, Eastern Connecticut  7/10 at 101.00  N/R (4)  51,471 
  Health Network, Series 2000A, 6.000%, 7/01/25 (Pre-refunded 7/01/10) – RAAI Insured       
650  Connecticut Health and Educational Facilities Authority, Revenue Bonds, Loomis Chaffee School,  7/11 at 101.00  N/R (4)  700,817 
  Series 2001D, 5.500%, 7/01/23 (Pre-refunded 7/01/11)       
40  Connecticut, General Obligation Bonds, Series 1993E, 6.000%, 3/15/12 (ETM)  No Opt. Call  AA (4)  44,405 
1,500  Connecticut, General Obligation Bonds, Series 2002B, 5.500%, 6/15/21 (Pre-refunded 6/15/12)  6/12 at 100.00  AA (4)  1,664,055 
600  Guam Economic Development Authority, Tobacco Settlement Asset-Backed Bonds, Series 2001B,  5/11 at 100.00  N/R (4)  636,204 
  5.500%, 5/15/41 (Pre-refunded 5/15/11)       
1,000  Hartford, Connecticut, Parking System Revenue Bonds, Series 2000A, 6.400%, 7/01/20  7/10 at 100.00  Baa2 (4)  1,021,450 
  (Pre-refunded 7/01/10)       
400  Northern Mariana Islands, General Obligation Bonds, Series 2000A, 6.000%, 6/01/20  6/10 at 100.00  AAA  406,224 
  (Pre-refunded 6/01/10) – ACA Insured       
1,000  Puerto Rico Infrastructure Financing Authority, Special Obligation Bonds, Series 2000A,  10/10 at 101.00  AAA  1,041,950 
  5.500%, 10/01/40       
300  Puerto Rico, The Children’s Trust Fund, Tobacco Settlement Asset-Backed Bonds, Series 2000,  7/10 at 100.00  AAA  305,781 
  5.750%, 7/01/20 (Pre-refunded 7/01/10)       
1,100  University of Connecticut, General Obligation Bonds, Series 2003A, 5.125%, 2/15/21  2/13 at 100.00  AA (4)  1,237,258 
  (Pre-refunded 2/15/13) – MBIA Insured       
1,000  Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Series 1999A, 6.500%,  10/10 at 101.00  BBB+ (4)  1,047,350 
  10/01/24 (Pre-refunded 10/01/10)       
1,000  Waterbury, Connecticut, General Obligation Bonds, Series 2002A, 5.375%, 4/01/17 (Pre-refunded  4/12 at 100.00  AAA  1,099,030 
  4/01/12) – AGM Insured       
8,640  Total U.S. Guaranteed      9,255,995 
  Utilities – 8.6% (5.8% of Total Investments)       
1,150  Bristol Resource Recovery Facility Operating Committee, Connecticut, Solid Waste Revenue  No Opt. Call  A+  1,253,351 
  Bonds, Covanta Bristol Inc., Series 2005, 5.000%, 7/01/12 – AMBAC Insured       
1,000  Connecticut Development Authority, Pollution Control Revenue Refunding Bonds, Connecticut  4/10 at 101.50  Baa1  1,005,180 
  Light and Power Company, Series 1993A, 5.850%, 9/01/28       
1,070  Connecticut Development Authority, Solid Waste Disposal Facilities Revenue Bonds, PSEG Power  11/12 at 100.00  Baa1  1,068,427 
  LLC Project, Series 2007A, 5.750%, 11/01/37 (Alternative Minimum Tax)       
1,750  Connecticut Resource Recovery Authority, Revenue Bonds, American Ref-Fuel Company of  12/11 at 102.00  Ba1  1,739,343 
  Southeastern Connecticut LP, Series 1998A-I, 5.500%, 11/15/15 (Alternative Minimum Tax)       
  Eastern Connecticut Resource Recovery Authority, Solid Waste Revenue Bonds, Wheelabrator       
  Lisbon Project, Series 1993A:       
260  5.500%, 1/01/14 (Alternative Minimum Tax)  7/10 at 100.00  BBB  260,385 
1,290  5.500%, 1/01/20 (Alternative Minimum Tax)  7/10 at 100.00  BBB  1,290,323 
6,520  Total Utilities      6,617,009 
  Water and Sewer – 11.5% (7.7% of Total Investments)       
500  Connecticut Development Authority, Water Facility Revenue Bonds, Aquarion Water Company  9/17 at 100.00  N/R  441,570 
  Project, Series 200.7, 5.100%, 9/01/37 – SYNCORA GTY Insured (Alternative Minimum Tax)       
1,185  Connecticut, State Revolving Fund General Revenue Bonds, Series 2003A, 5.000%, 10/01/16  10/13 at 100.00  AAA  1,319,652 
  Greater New Haven Water Pollution Control Authority, Connecticut, Regional Wastewater System       
  Revenue Bonds, Series 2005A:       
1,520  5.000%, 11/15/30 – NPFG Insured  11/15 at 100.00  A  1,557,073 
2,260  5.000%, 8/15/35 – NPFG Insured  11/15 at 100.00  A  2,283,346 
  South Central Connecticut Regional Water Authority, Water System Revenue Bonds, Eighteenth       
  Series 2003A:       
1,000  5.000%, 8/01/20 – NPFG Insured  8/13 at 100.00  A+  1,047,970 
1,075  5.000%, 8/01/33 – NPFG Insured  8/13 at 100.00  A+  1,092,899 
1,100  Stamford, Connecticut, Water Pollution Control System and Facility Revenue Bonds, Series  11/13 at 100.00  AA+  1,120,070 
  2003A, 5.000%, 11/15/32       
8,640  Total Water and Sewer      8,862,580 
$    113,870  Total Investments (cost $113,088,647) – 148.9%      114,762,031 
  Floating Rate Obligations – (10.3)%      (7,965,000)
  MuniFund Term Preferred Shares, at Liquidation Value – (23.7)% (5)      (18,300,000)
  Other Assets Less Liabilities – 5.5%      4,317,845 
  Auction Rate Preferred Shares, at Liquidation Value – (20.4)% (5)      (15,725,000)
  Net Assets Applicable to Common Shares – 100%      $ 77,089,876 

 
 
 

Fair Value Measurements

In determining the value of the Fund’s investments, various inputs are used. These inputs are 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 methodology 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 28, 2010:

  Level 1  Level 2  Level 3  Total 
Investments:         
Municipal Bonds  $ —  $114,762,031  $ —  $114,762,031 

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 28, 2010, the cost of investments was $105,188,205.

Gross unrealized appreciation and gross unrealized depreciation of investments at February 28, 2010, were as follows:

Gross unrealized:   
  Appreciation  $ 3,377,419 
  Depreciation  (1,766,670)
Net unrealized appreciation (depreciation) of investments  $ 1,610,749 

(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 higher of Standard & Poor’s Group (“Standard & Poor’s”) or Moody’s Investor Service, 
  Inc. (“Moody’s”) rating. Ratings below BBB by Standard & Poor’s or Baa by Moody’s are considered to 
  be below investment grade. 
(4)  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. Such investments are normally considered to 
  be equivalent to AAA rated securities. 
(5)  MuniFund Term Preferred Shares and Auction Rate Preferred Shares, at Liquidation Value as a percentage 
  of Total Investments are 15.9% and 13.7%, respectively. 
N/R  Not rated. 
(ETM)  Escrowed to maturity. 
(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, 2010        
 
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, 2010        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date        April 29, 2010