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 811-7490
 
Nuveen Virginia 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:         8/31/10         
 
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 Virginia Premium Income Municipal Fund (NPV)
      
   
August 31, 2010
      
Principal
    
Optional Call
    
Amount (000)
  
Description (1)
Provisions (2)
Ratings (3)
Value
   
Consumer Staples – 3.3% (2.3% of Total Investments)
      
$    6,640 
  
Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset Backed Bonds, 
6/17 at 100.00 
BBB 
$    4,484,855 
   
Series 2007B1, 5.000%, 6/01/47 
      
   
Education and Civic Organizations – 6.8% (4.8% of Total Investments)
      
520 
  
Lexington Industrial Development Authority, Virginia, Educational Facilities Revenue Bonds, 
6/19 at 100.00 
Aa2 
565,042 
   
VMI Development Board Project, Series 2006C, 5.000%, 12/01/36 
      
1,000 
  
Prince William County Industrial Development Authority, Virginia, Educational Facilities 
10/13 at 101.00 
A2 
1,023,140 
   
Revenue Bonds, Catholic Diocese of Arlington, Series 2003, 5.500%, 10/01/33 
      
700 
  
Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities 
12/12 at 101.00 
BBB– 
713,608 
   
Financing Authority, Higher Education Revenue Refunding Bonds, Ana G. Mendez University 
      
   
System, Series 2002, 5.375%, 12/01/21 
      
2,815 
  
The Rector and Visitors of the University of Virginia, General Revenue Bonds, Series 2005, 
6/15 at 100.00 
AAA 
2,983,619 
   
5.000%, 6/01/37 
      
2,120 
  
Virginia College Building Authority, Educational Facilities Revenue Bonds, Public Higher 
9/11 at 100.00 
AA+ 
2,196,384 
   
Education Financing Program, Series 2001A, 5.000%, 9/01/26 
      
1,635 
  
Virginia Commonwealth University, Revenue Bonds, Series 2004A, 5.000%, 5/01/17 – AMBAC Insured 
5/14 at 101.00 
Aa2 
1,872,843 
8,790 
  
Total Education and Civic Organizations 
    
9,354,636 
   
Health Care – 30.0% (20.9% of Total Investments)
      
2,000 
  
Albemarle County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Martha 
10/12 at 100.00 
A3 
2,019,140 
   
Jefferson Hospital, Series 2002, 5.250%, 10/01/35 
      
1,500 
  
Arlington County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Virginia 
7/20 at 100.00 
A2 
1,587,090 
   
Hospital Center Arlington Health System, Refunding Series 2010, 5.000%, 7/01/31 
      
650 
  
Charlotte County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Halifax 
9/17 at 100.00 
A– 
674,863 
   
Regional Hospital Incorporated, Series 2007, 5.000%, 9/01/27 
      
1,705 
  
Fairfax County Industrial Development Authority, Virginia, Healthcare Revenue Bonds, Inova 
5/19 at 100.00 
AA+ 
2,200,950 
   
Health System, Series 2009, Trust 11733, 14.518%, 11/15/29 (IF) 
      
4,850 
  
Fairfax County Industrial Development Authority, Virginia, Hospital Revenue Refunding Bonds, 
No Opt. Call 
AA+ 
5,539,913 
   
Inova Health System, Series 1993A, 5.000%, 8/15/23 
      
1,000 
  
Fredericksburg Economic Development Authority, Virginia, Hospital Facilities Revenue Bonds, 
No Opt. Call 
A3 
1,137,570 
   
MediCorp Health System, Series 2007, 5.250%, 6/15/23 
      
1,250 
  
Fredericksburg Industrial Development Authority, Virginia, Revenue Bonds, MediCorp Health 
6/12 at 100.00 
A3 
1,257,963 
   
System, Series 2002B, 5.125%, 6/15/33 
      
1,000 
  
Hanover County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Memorial 
No Opt. Call 
A 
1,134,570 
   
Regional Medical Center, Series 1995, 6.375%, 8/15/18 – NPFG Insured 
      
2,300 
  
Harrisonburg Industrial Development Authority, Virginia, Hospital Facilities Revenue Bonds, 
8/16 at 100.00 
Baa1 
2,302,300 
   
Rockingham Memorial Hospital, Series 2006, 5.000%, 8/15/31 – AMBAC Insured 
      
1,440 
  
Henrico County Economic Development Authority, Virginia, Revenue Bonds, Bon Secours Health 
11/12 at 100.00 
A– 
1,470,370 
   
System Inc., Series 2002A, 5.600%, 11/15/30 
      
1,500 
  
Henrico County Industrial Development Authority, Virginia, Healthcare Revenue Bonds, Bon 
No Opt. Call 
A 
1,751,250 
   
Secours Health System, Series 1996, 6.250%, 8/15/20 – NPFG Insured 
      
1,500 
  
Manassas Industrial Development Authority, Virginia, Hospital Revenue Bonds, Prince William 
4/13 at 100.00 
A3 
1,518,330 
   
Hospital, Series 2002, 5.250%, 4/01/33 
      
4,750 
  
Medical College of Virginia Hospital Authority, General Revenue Bonds, Series 1998, 5.125%, 
1/11 at 100.00 
A+ 
4,753,705 
   
7/01/23 – NPFG Insured 
      
3,000 
  
Roanoke Industrial Development Authority, Virginia, Hospital Revenue Bonds, Carilion Health 
7/12 at 100.00 
A+ 
3,143,100 
   
System, Series 2002A, 5.500%, 7/01/19 – NPFG Insured 
      
   
Stafford County Economic Development Authority, Virginia, Hospital Facilities Revenue Bonds, 
      
   
MediCorp Health System, Series 2006: 
      
2,000 
  
5.250%, 6/15/26 
6/16 at 100.00 
A3 
2,087,460 
1,010 
  
5.250%, 6/15/31 
6/16 at 100.00 
A3 
1,038,825 
1,695 
  
5.250%, 6/15/37 
6/16 at 100.00 
A3 
1,729,595 
850 
  
Virginia Small Business Finance Authority, Healthcare Facilities Revenue Bonds, Refunding 
5/20 at 100.00 
AA 
895,229 
   
Sentara Healthcare, Series 2010, 5.000%, 11/01/40 
      
2,210 
  
Virginia Small Business Financing Authority, Wellmont Health System Project Revenue Bonds, 
9/17 at 100.00 
BBB+ 
2,166,242 
   
Series 2007A, 5.250%, 9/01/37 
      
540 
  
Winchester Industrial Development Authority, Virginia, Hospital Revenue Bonds Valley Health 
1/19 at 100.00 
A+ 
569,506 
   
System Obligated Group, Series 2009E, 5.625%, 1/01/44 
      
1,425 
  
Winchester Industrial Development Authority, Virginia, Hospital Revenue Bonds, Winchester 
1/17 at 100.00 
A+ 
1,508,519 
   
Medical Center, Series 2007, 5.125%, 1/01/31 
      
500 
  
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aurora Health Care, 
4/20 at 100.00 
A3 
523,995 
   
Inc., Series 2010A, 5.625%, 4/15/39 
      
38,675 
  
Total Health Care 
    
41,010,485 
   
Housing/Multifamily – 3.4% (2.4% of Total Investments)
      
1,340 
  
Arlington County Industrial Development Authority, Virginia, Multifamily Housing Revenue 
11/10 at 100.00 
Aaa 
1,346,017 
   
Bonds, Patrick Henry Apartments, Series 2000, 6.050%, 11/01/32 (Mandatory put 11/01/20) 
      
   
(Alternative Minimum Tax) 
      
   
Danville Industrial Development Authority, Virginia, Student Housing Revenue Bonds, Collegiate 
      
   
Housing Foundation, Averett College, Series 1999A: 
      
500 
  
6.875%, 6/01/20 
12/10 at 101.00 
N/R 
503,455 
1,500 
  
7.000%, 6/01/30 
12/10 at 101.00 
N/R 
1,504,320 
1,000 
  
Lynchburg Redevelopment and Housing Authority, Virginia, Vistas GNMA Mortgage-Backed Revenue 
10/10 at 102.00 
N/R 
1,021,070 
   
Bonds, Series 2000A, 6.200%, 1/20/40 (Alternative Minimum Tax) 
      
265 
  
Virginia Housing Development Authority, Rental Housing Bonds, Series 2010C, 4.550%, 8/01/32 
2/20 at 100.00 
AA+ 
269,585 
4,605 
  
Total Housing/Multifamily 
    
4,644,447 
   
Housing/Single Family – 7.8% (5.4% of Total Investments)
      
300 
  
Puerto Rico Housing Finance Authority, Mortgage-Backed Securities Program Home Mortgage 
6/13 at 100.00 
AAA 
300,780 
   
Revenue Bonds, Series 2003A, 4.875%, 6/01/34 (Alternative Minimum Tax) 
      
850 
  
Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2001H-1, 5.350%, 
7/11 at 100.00 
AAA 
857,939 
   
7/01/31 – NPFG Insured 
      
1,500 
  
Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2005C-2, 4.750%, 
1/15 at 100.00 
AAA 
1,501,650 
   
10/01/32 (Alternative Minimum Tax) 
      
2,740 
  
Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2006 D1, 4.900%, 
7/15 at 100.00 
AAA 
2,770,359 
   
1/01/33 (Alternative Minimum Tax) 
      
1,340 
  
Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2006, 4.800%, 
7/15 at 100.00 
AAA 
1,350,264 
   
7/01/29 (Alternative Minimum Tax) 
      
3,900 
  
Virginia Housing Development Authority, Commonwealth Mortgage Bonds, Series 2007B, 4.750%, 
7/16 at 100.00 
AAA 
3,905,655 
   
7/01/32 (Alternative Minimum Tax) 
      
10,630 
  
Total Housing/Single Family 
    
10,686,647 
   
Long-Term Care – 4.7% (3.3% of Total Investments)
      
2,765 
  
Fairfax County Economic Development Authority, Virginia, Residential Care Facilities Mortgage 
10/17 at 100.00 
N/R 
2,754,852 
   
Revenue Bonds, Goodwin House, Inc., Series 2007A, 5.125%, 10/01/37 
      
800 
  
Fairfax County Economic Development Authority, Virginia, Retirement Center Revenue Bonds, 
10/16 at 100.00 
BBB+ 
716,888 
   
Greenspring Village, Series 2006A, 4.875%, 10/01/36 
      
1,495 
  
Henrico County Economic Development Authority, Virginia, GNMA Mortgage-Backed Securities 
1/11 at 101.00 
AAA 
1,512,043 
   
Program Assisted Living Revenue Bonds, Beth Sholom, Series 1999A, 5.900%, 7/20/29 
      
   
Henrico County Economic Development Authority, Virginia, Residential Care Facility Revenue 
      
   
Bonds, Westminster Canterbury of Richmond, Series 2006: 
      
100 
  
5.000%, 10/01/27 
10/11 at 103.00 
BBB– 
101,567 
1,345 
  
5.000%, 10/01/35 
No Opt. Call 
BBB– 
1,339,230 
6,505 
  
Total Long-Term Care 
    
6,424,580 
   
Materials – 1.1% (0.7% of Total Investments)
      
500 
  
Bedford County Industrial Development Authority, Virginia, Industrial Development Revenue 
2/11 at 100.00 
Ba3 
475,355 
   
Refunding Bonds, Nekoosa Packaging Corporation, Series 1998, 5.600%, 12/01/25 (Alternative 
      
   
Minimum Tax) 
      
1,000 
  
Goochland County Industrial Development Authority, Virginia, Industrial Development Revenue 
12/10 at 100.00 
Ba3 
960,420 
   
Refunding Bonds, Nekoosa Packaging Corporation Project, Series 1998, 5.650%, 12/01/25 
      
   
(Alternative Minimum Tax) 
      
1,500 
  
Total Materials 
    
1,435,775 
   
Tax Obligation/General – 18.2% (12.7% of Total Investments)
      
   
Chesapeake, Virginia, General Obligation Bonds, Water and Sewerage Series 2003B: 
      
1,880 
  
5.000%, 6/01/21 
6/13 at 100.00 
AA+ 
2,009,419 
2,060 
  
5.000%, 6/01/23 
6/13 at 100.00 
AA+ 
2,189,018 
1,355 
  
Harrisonburg, Virginia, General Obligation Bonds, Public Safety and Steam Plant, Series 2002, 
7/12 at 101.00 
Aa2 
1,486,042 
   
5.000%, 7/15/19 – FGIC Insured 
      
105 
  
Loudoun County, Virginia, General Obligation Public Improvement Bonds, Series 2002A, 
5/12 at 100.00 
AAA 
111,737 
   
5.250%, 5/01/22 
      
1,185 
  
Lynchburg, Virginia, General Obligation Bonds, Series 2004, 5.000%, 6/01/21 
6/14 at 100.00 
AA 
1,338,576 
1,300 
  
Newport News, Virginia, General Obligation Bonds, Series 2004C, 5.000%, 5/01/16 
5/14 at 101.00 
Aa1 
1,498,250 
1,280 
  
Portsmouth, Virginia, General Obligation Bonds, Series 2005A, 5.000%, 4/01/15 – NPFG Insured 
No Opt. Call 
Aa2 
1,506,598 
1,480 
  
Richmond, Virginia, General Obligation Bonds, Series 2004A, 5.000%, 7/15/21 – AGM Insured 
7/14 at 100.00 
AAA 
1,677,240 
1,430 
  
Roanoke, Virginia, General Obligation Public Improvement Bonds, Series 2002A, 5.000%, 10/01/17 
10/12 at 101.00 
AA 
1,581,308 
1,135 
  
Suffolk, Virginia, General Obligation Bonds, Series 2005, 5.000%, 12/01/15 
No Opt. Call 
AA 
1,356,223 
2,000 
  
Virginia Beach, Virginia, General Obligation Bonds, Series 2003B, 5.000%, 5/01/15 
5/13 at 100.00 
AAA 
2,213,040 
1,100 
  
Virginia Beach, Virginia, General Obligation Bonds, Series 2005, 5.000%, 1/15/20 
1/16 at 100.00 
AAA 
1,314,489 
4,500 
  
Virginia Beach, Virginia, General Obligation Bonds, Series 2008, 5.000%, 10/01/27 (UB) 
10/17 at 100.00 
AAA 
5,047,470 
1,425 
  
Virginia Beach, Virginia, General Obligation Public Improvement Bonds, Series 2001, 
6/11 at 101.00 
AAA 
1,491,077 
   
5.000%, 6/01/20 
      
22,235 
  
Total Tax Obligation/General 
    
24,820,487 
   
Tax Obligation/Limited – 27.2% (18.9% of Total Investments)
      
   
Buena Vista Public Recreational Facilities Authority, Virginia, Lease Revenue Bonds, Golf 
      
   
Course Project, Series 2005A: 
      
335 
  
5.250%, 7/15/25 – ACA Insured 
7/15 at 100.00 
N/R 
305,711 
260 
  
5.500%, 7/15/35 – ACA Insured 
7/15 at 100.00 
N/R 
230,048 
1,340 
  
Culpeper Industrial Development Authority, Virginia, Lease Revenue Bonds, School Facilities 
1/15 at 100.00 
Aa3 
1,460,037 
   
Project, Series 2005, 5.000%, 1/01/20 – NPFG Insured 
      
   
Cumberland County, Virginia, Certificates of Participation, Series 1997: 
      
470 
  
6.200%, 7/15/12 
No Opt. Call 
N/R 
486,615 
1,375 
  
6.375%, 7/15/17 
No Opt. Call 
N/R 
1,462,354 
1,000 
  
Dinwiddie County Industrial Development Authority, Virginia, Lease Revenue Bonds, Series 
2/14 at 100.00 
A 
1,100,280 
   
2004B, 5.125%, 2/15/16 – NPFG Insured 
      
1,000 
  
Fairfax County Economic Development Authority, Virginia, Lease Revenue Bonds, Joint Public 
5/16 at 100.00 
AA+ 
1,155,140 
   
Uses Community Project, Series 2006, 5.000%, 5/15/18 
      
   
Fairfax County Economic Development Authority, Virginia, Lease Revenue Bonds, Laurel Hill 
      
   
Public Facilities Projects, Series 2003: 
      
2,210 
  
5.000%, 6/01/14 
6/13 at 101.00 
AA+ 
2,494,140 
1,165 
  
5.000%, 6/01/22 
6/13 at 101.00 
AA+ 
1,254,297 
1,660 
  
Front Royal and Warren County Industrial Development Authority, Virginia, Lease Revenue Bonds, 
4/14 at 100.00 
AAA 
1,821,568 
   
Series 2004B, 5.000%, 4/01/18 – AGM Insured 
      
1,270 
  
James City County Economic Development Authority, Virginia, Revenue Bonds, County Government 
7/15 at 100.00 
AA 
1,424,737 
   
Projects, Series 2005, 5.000%, 7/15/19 
      
445 
  
Montgomery County Industrial Development Authority, Virginia, Public Facility Lease Revnue 
2/18 at 100.00 
AA– 
483,862 
   
Bonds, Public Projects Series 2008, 5.000%, 2/01/29 
      
1,185 
  
Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2002D, 5.000%, 
7/12 at 100.00 
AAA 
1,196,281 
   
7/01/32 – AGM Insured 
      
2,000 
  
Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2007N, 5.250%, 
No Opt. Call 
A3 
2,187,040 
   
7/01/31 – AMBAC Insured 
      
5,000 
  
Puerto Rico Infrastructure Financing Authority, Special Tax Revenue Bonds, Series 2005A, 
No Opt. Call 
A3 
603,450 
   
0.000%, 7/01/43 – AMBAC Insured 
      
5,875 
  
Puerto Rico Infrastructure Financing Authority, Special Tax Revenue Bonds, Series 2005C, 
No Opt. Call 
A3 
2,157,829 
   
0.000%, 7/01/28 – AMBAC Insured 
      
   
Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Refunding 
      
   
Bonds, Series 2002D: 
      
265 
  
5.250%, 7/01/27 
7/12 at 100.00 
A3 
268,116 
320 
  
5.250%, 7/01/36 
7/12 at 100.00 
A3 
322,141 
1,300 
  
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series 
2/20 at 100.00 
A+ 
1,381,393 
   
2010A, 5.500%, 8/01/42 
      
1,110 
  
Spotsylvania County Industrial Development Authority, Virginia, Lease Revenue Bonds, School 
8/13 at 100.00 
N/R 
1,152,047 
   
Facilities, Series 2003B, 4.375%, 8/01/20 – AMBAC Insured 
      
1,600 
  
Stafford County and Staunton Industrial Development Authority, Virginia, Revenue Bonds, 
8/16 at 100.00 
A+ 
1,739,424 
   
Virginia Municipal League and Virginia Association of Counties Finance Program, Series 2006A, 
      
   
5.000%, 8/01/23 – NPFG Insured 
      
2,500 
  
Stafford County Economic Development Authority, Virginia, Lease Revenue Bonds, Public Facility 
4/18 at 100.00 
AAA 
2,671,325 
   
Projects, Series 2008, 5.000%, 4/01/33 – AGC Insured (UB) 
      
700 
  
Virgin Islands Public Finance Authority, Matching Fund Loan Notes Revenue Bonds, Subordinate 
10/20 at 100.00 
Baa2 
725,487 
   
Lien Series 2010B, 5.250%, 10/01/29 
      
1,400 
  
Virginia Beach Development Authority, Public Facilities Revenue Bonds, Series 2005A, 
5/15 at 100.00 
AA+ 
1,654,338 
   
5.000%, 5/01/22 
      
850 
  
Virginia College Building Authority, Educational Facilities Revenue Bonds, 21st Century 
2/19 at 100.00 
AA+ 
1,205,445 
   
College Program, Series 2009, Trust 09-3B, 12.753%, 2/01/27 (IF) 
      
850 
  
Virginia College Building Authority, Educational Facilities Revenue Bonds, 21st Century 
2/19 at 100.00 
AA+ 
1,185,249 
   
College Program, Series 2009, Trust 09-4B, 12.835%, 2/01/28 (IF) 
      
1,625 
  
Virginia Public School Authority, School Financing Bonds, 1997 Resolution, Series 2005C, 
8/15 at 100.00 
AA+ 
1,897,610 
   
5.000%, 8/01/17 
      
775 
  
Virginia Resources Authority, Infrastructure Revenue Bonds, Pooled Loan Bond Program, Series 
5/11 at 101.00 
AA 
801,815 
   
2002A, 5.000%, 5/01/19 
      
2,000 
  
Virginia Transportation Board, Transportation Revenue Bonds, U.S. Route 58 Corridor 
5/14 at 100.00 
AA+ 
2,290,360 
   
Development Program, Series 2004B, 5.000%, 5/15/15 
      
41,885 
  
Total Tax Obligation/Limited 
    
37,118,139 
   
Transportation – 11.8% (8.2% of Total Investments)
      
2,500 
  
Metropolitan Washington D.C. Airports Authority, System Revenue Bonds, Series 2007B, 5.000%, 
10/17 at 100.00 
AA– 
2,569,650 
   
10/01/35 – AMBAC Insured (Alternative Minimum Tax) 
      
3,200 
  
Metropolitan Washington DC Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, 
10/28 at 100.00 
BBB+ 
2,087,616 
   
Dulles Metrorail Capital Appreciation, Series 2010B, 0.000%, 10/01/44 
      
4,000 
  
Norfolk Airport Authority, Virginia, Airport Revenue Bonds, Series 2001A, 5.125%, 7/01/31 – 
7/11 at 100.00 
A 
4,029,120 
   
FGIC Insured 
      
1,000 
  
Norfolk, Virginia, Parking System Revenue Bonds, Series 2005A, 5.000%, 2/01/23 – NPFG Insured 
2/15 at 100.00 
A 
1,029,960 
2,500 
  
Richmond Metropolitan Authority, Virginia, Revenue Refunding Bonds, Expressway System, Series 
No Opt. Call 
A 
2,819,950 
   
2002, 5.250%, 7/15/22 – FGIC Insured 
      
285 
  
Virginia Port Authority, Port Facilities Revenue Refunding Bonds Series 2010, 5.000%, 7/01/40 
7/19 at 100.00 
Aa3 
304,049 
1,260 
  
Virginia Port Authority, Revenue Bonds, Port Authority Facilities, Series 2006, 5.000%, 
7/13 at 100.00 
Aa3 
1,273,003 
   
7/01/36 – FGIC Insured (Alternative Minimum Tax) 
      
2,000 
  
Virginia Resources Authority, Airports Revolving Fund Revenue Bonds, Series 2001A, 
2/11 at 100.00 
Aa2 
2,037,840 
   
5.250%, 8/01/23 
      
16,745 
  
Total Transportation 
    
16,151,188 
   
U.S. Guaranteed – 14.4% (10.0% of Total Investments) (4)
      
3,500 
  
Alexandria Industrial Development Authority, Virginia, Fixed Rate Revenue Bonds, Institute for 
10/10 at 101.00 
N/R (4) 
3,551,450 
   
Defense Analyses, Series 2000A, 5.900%, 10/01/30 (Pre-refunded 10/01/10) – AMBAC Insured 
      
750 
  
Bristol, Virginia, General Obligation Utility System Revenue Bonds, Series 2002, 5.000%, 
No Opt. Call 
AAA 
896,520 
   
11/01/24 – AGM Insured (ETM) 
      
925 
  
Fairfax County Water Authority, Virginia, Water Revenue Refunding Bonds, Series 2002, 5.375%, 
4/12 at 100.00 
AAA 
997,483 
   
4/01/19 (Pre-refunded 4/01/12) 
      
60 
  
Henrico County Economic Development Authority, Virginia, Revenue Bonds, Bon Secours Health 
11/12 at 100.00 
A3 (4) 
66,745 
   
System Inc., Series 2002A, 5.600%, 11/15/30 (Pre-refunded 11/15/12) 
      
   
Loudoun County Industrial Development Authority, Virginia, Hospital Revenue Bonds, Loudoun 
      
   
Hospital Center, Series 2002A: 
      
375 
  
6.000%, 6/01/22 (Pre-refunded 6/01/12) 
6/12 at 101.00 
N/R (4) 
413,921 
800 
  
6.100%, 6/01/32 (Pre-refunded 6/01/12) 
6/12 at 101.00 
N/R (4) 
884,424 
815 
  
Puerto Rico Highway and Transportation Authority, Highway Revenue Bonds, Series 2002D, 5.000%, 
7/12 at 100.00 
AAA 
885,057 
   
7/01/32 (Pre-refunded 7/01/12) – AGM Insured 
      
2,500 
  
Puerto Rico Infrastructure Financing Authority, Special Obligation Bonds, Series 2000A, 
10/10 at 101.00 
AAA 
2,536,050 
   
5.500%, 10/01/40 (Pre-refunded 10/01/10) 
      
   
Puerto Rico Public Buildings Authority, Guaranteed Government Facilities Revenue Refunding 
      
   
Bonds, Series 2002D: 
      
735 
  
5.250%, 7/01/27 (Pre-refunded 7/01/12) 
7/12 at 100.00 
A3 (4) 
799,121 
880 
  
5.250%, 7/01/36 (Pre-refunded 7/01/12) 
7/12 at 100.00 
A3 (4) 
956,771 
420 
  
Rockbridge County Industrial Development Authority, Virginia, Horse Center Revenue Refunding 
7/11 at 100.00 
B2 (4) 
441,143 
   
Bonds, Series 2001C, 6.850%, 7/15/21 (Pre-refunded 7/15/11) 
      
   
Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset-Backed Bonds, 
      
   
Series 2005: 
      
790 
  
5.250%, 6/01/19 (Pre-refunded 6/01/12) 
6/12 at 100.00 
AAA 
821,774 
3,850 
  
5.500%, 6/01/26 (Pre-refunded 6/01/15) 
6/15 at 100.00 
AAA 
4,358,970 
1,000 
  
Virgin Islands Public Finance Authority, Gross Receipts Taxes Loan Note, Series 1999A, 6.500%, 
10/10 at 101.00 
BBB+ (4) 
1,015,180 
   
10/01/24 (Pre-refunded 10/01/10) 
      
965 
  
Virginia Resources Authority, Infrastructure Revenue Bonds, Pooled Loan Bond Program, Series 
5/11 at 101.00 
AA (4) 
1,005,848 
   
2002A, 5.000%, 5/01/19 (Pre-refunded 5/01/11) 
      
18,365 
  
Total U.S. Guaranteed 
    
19,630,457 
   
Utilities – 6.8% (4.8% of Total Investments)
      
   
Bristol, Virginia, Utility System Revenue Refunding Bonds, Series 2003: 
      
1,705 
  
5.250%, 7/15/14 – NPFG Insured 
7/13 at 100.00 
A 
1,903,513 
1,800 
  
5.250%, 7/15/15 – NPFG Insured 
7/13 at 100.00 
A 
1,983,312 
2,775 
  
5.250%, 7/15/23 – NPFG Insured 
7/13 at 100.00 
A 
2,921,548 
2,500 
  
Mecklenburg County Industrial Development Authority, Virginia, Revenue Bonds, UAE Mecklenburg 
10/12 at 100.00 
Baa1 
2,540,725 
   
Cogeneration LP, Series 2002, 6.500%, 10/15/17 (Alternative Minimum Tax) 
      
8,780 
  
Total Utilities 
    
9,349,098 
   
Water and Sewer – 8.1% (5.6% of Total Investments)
      
   
Fairfax County Water Authority, Virginia, Water Revenue Refunding Bonds, Series 2002: 
      
105 
  
5.375%, 4/01/19 
4/12 at 100.00 
AAA 
112,491 
800 
  
5.000%, 4/01/27 
4/12 at 100.00 
AAA 
841,616 
1,000 
  
Loudoun County Sanitation Authority, Virginia, Water and Sewerage System Revenue Bonds, Series 
1/15 at 100.00 
AAA 
1,085,530 
   
2004, 5.000%, 1/01/26 
      
   
Norfolk, Virginia, Water Revenue Refunding Bonds, Series 2001: 
      
1,310 
  
5.000%, 11/01/21 – FGIC Insured 
11/11 at 100.00 
AA+ 
1,370,705 
1,380 
  
5.000%, 11/01/22 – FGIC Insured 
11/11 at 100.00 
AA+ 
1,445,274 
2,250 
  
Virginia Beach, Virginia, Storm Water Utility Revenue Bonds, Series 2000, 6.000%, 9/01/24 
9/10 at 101.00 
Aa2 
2,282,625 
1,800 
  
Virginia Beach, Virginia, Water and Sewer System Revenue Bonds, Series 2005, 5.000%, 10/01/30 
10/15 at 100.00 
AAA 
1,976,075 
1,515 
  
Virginia State Resources Authority, Clean Water Revenue Bonds, Series 2007, Trust 3036, 
No Opt. Call 
AAA 
1,971,878 
   
13.115%, 10/01/15 (IF) 
      
10,160 
  
Total Water and Sewer 
    
11,086,194 
$ 195,515 
  
Total Investments (cost $187,780,267) – 143.6% 
    
196,196,988 
   
Floating Rate Obligations – (3.4)% 
    
(4,630,000)
   
MuniFund Term Preferred Shares, at Liquidation Value – (23.6)% (5) 
    
(32,205,000)
   
Other Assets Less Liabilities – 2.1% 
    
2,861,023 
   
Auction Rate Preferred Shares, at Liquidation Value – (18.7)% (5) 
    
(25,550,000)
   
Net Assets Applicable to Common Shares – 100% 
    
$ 136,673,011 
 
 
 
 
 
 
 
 
 
 
 

 
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 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 August 31, 2010:
 
         
 
Level 1
Level 2
Level 3
Total
Investments: 
        
Municipal Bonds 
$ — 
$196,196,988 
$ — 
$196,196,988 
 
 
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 August 31, 2010, the cost of investments was $183,060,344.
 
 
Gross unrealized appreciation and gross unrealized depreciation of investments at August 31, 2010, were as follows:
 
   
Gross unrealized: 
  
  Appreciation 
$ 11,717,244 
  Depreciation 
(3,211,285)
Net unrealized appreciation (depreciation) of investments 
$  8,505,959 
 
   
(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 Investor 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) 
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 16.4% and 13.0%, respectively. 
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 Virginia Premium Income Municipal Fund 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date         October 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         October 29, 2010        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date         October 29, 2010