Nuveen Closed-End Funds Declare Monthly Distributions

BY Business Wire | 05/03/10 - 05:44 PM EDT

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Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced that 109 Nuveen closed-end funds had declared regular monthly distributions. These funds represent a broad range of tax-exempt, taxable fixed and floating rate income investment strategies for investors seeking to build sophisticated and diversified long-term investment portfolios for cash flow. The funds’ monthly distributions are listed below. Also listed below are the monthly distributions for MuniFund Term Preferred Shares (MTP) issued by the funds.

Monthly distributions from Nuveen's municipal closed-end funds and portfolios are generally exempt from regular Federal income taxes, and monthly distributions of single-state municipal funds and portfolios are also exempt from state and, in some cases, local income taxes for in-state residents. Unless otherwise stated in the funds' objectives, monthly distributions of the municipal funds and portfolios may be subject to the Federal Alternative Minimum Tax for some shareholders.

All of Nuveen’s funds seek to pay stable distributions at rates that reflect each fund’s past results and projected future performance. During certain periods, each fund may pay distributions at a rate that may be more or less than the amount of net investment income actually earned by the fund during the period. If a fund cumulatively earned more than it has paid in distributions, it holds the excess in reserve as undistributed net investment income (UNII) as part of the fund’s net asset value (NAV). Conversely, if a fund has cumulatively paid distributions in excess of its earnings, the excess constitutes negative UNII that is likewise reflected in the fund’s NAV. Each fund will, over time, pay all of its net investment income as distributions to shareholders. The funds’ positive or negative UNII balances are disclosed from time to time in their periodic shareholder reports, and are also on www.nuveen.com/cef

In addition, distributions for certain funds investing in real estate investment trusts (REITs) may later be characterized as capital gains and/or a return of capital, depending on the character of the dividends reported to each fund after year-end by REIT securities held by each fund. The Nuveen preferred securities funds, JTP, JPS and JHP may invest in REITs; a list of funds that are likely to be affected by re-characterization is posted to www.nuveen.com each January, and updated tax characteristics are posted to the web site and mailed to shareholders via form 1099-DIV during the first quarter of the year.

The following dates apply to today’s distribution declarations:

Record Date		May 15, 2010
Ex-Dividend Date		May 12, 2010
Payable Date		June 1, 2010

		Monthly Tax-Free Distribution
		Per Share
			Change From
		Amount	Previous Month
Ticker	Closed-End Portfolios
NXP	Select Portfolio	$.0595	-
NXQ	Select Portfolio 2	.0555	-
NXR	Select Portfolio 3	.0535	-
NXC	CA Select Portfolio	.0555	-
NXN	NY Select Portfolio	.0510	-

	Closed-End Funds
	Non-Leveraged Funds
NUV	Municipal Value	.0390	-
NUW	Municipal Value 2	.0750	-
NCA	CA Municipal Value	.0380	-
NNY	NY Municipal Value	.0355	-
NMI	Municipal Income	.0470	-
NIM	Select Maturities	.0350	-
NYV	NY Municipal Value 2	.0640	-
NCB	CA Municipal Value 2	.0690	-
NJV	NJ Municipal Value	.0640	-
NPN	PA Municipal Value	.0650	-

	Leveraged Funds
	National
NPI	Premium Income	.0730	-
NPP	Performance Plus	.0760	-
NMA	Advantage	.0810	-
NMO	Market Opportunity	.0800	-
NQM	Investment Quality	.0750	-
NQI	Insured Quality	.0710	-
NQS	Select Quality	.0820	-
NQU	Quality Income	.0760	-
NIO	Insured Opportunity	.0690	-
NPF	Premier	.0700	-
			Change From
		Amount	Previous Month
NIF	Premier Insured	.0740	-
NPM	Premium Income 2	.0730	-
NPT	Premium Income 4	.0690	-
NPX	Insured Premium 2	.0620	-
NAD	Dividend Advantage	.0760	-
NXZ	Dividend Advantage 2	.0800	-
NZF	Dividend Advantage 3	.0780	-
NVG	Insured Dividend Advantage	.0700	-
NEA	Insured Tax-Free Advantage	.0680	-
NMZ	High Income Opportunity Fund	.0835	-
NMD	High Income Opportunity Fund 2	.0800	-
NEV	Enhanced Municipal Value Fund	.0760	-
	California
NCP	Performance Plus	.0750	-
NCO	Market Opportunity	.0750	-
NQC	Investment Quality	.0750	-
NVC	Select Quality	.0790	-
NUC	Quality Income	.0800	-
NPC	Insured Premium Income	.0690	-
NCL	Insured Premium Income 2	.0720	-
NCU	Premium Income	.0700	-
NAC	Dividend Advantage	.0720	-
NVX	Dividend Advantage 2	.0790	-
NZH	Dividend Advantage 3	.0750	-
NKL	Insured Dividend Advantage	.0750	-
NKX	Insured Tax-Free Advantage	.0660	-
	New York
NNP	Performance Plus	.0680	-
NQN	Investment Quality	.0635	-
NVN	Select Quality	.0650	-
NUN	Quality Income	.0670	-
NNF	Insured Premium Income	.0620	-
NAN	Dividend Advantage	.0655	-
NXK	Dividend Advantage 2	.0665	-
NKO	Insured Dividend Advantage	.0645	-
NRK	Insured Tax-Free Advantage	.0615	-
	Other State Funds
NAZ	AZ Premium Income	.0590	-
NFZ	AZ Dividend Advantage	.0590	-
NKR	AZ Dividend Advantage 2	.0660	-
NXE	AZ Dividend Advantage 3	.0620	-
NTC	CT Premium Income	.0590	-
NFC	CT Dividend Advantage	.0640	-
NGK	CT Dividend Advantage 2	.0660	-
NGO	CT Dividend Advantage 3	.0600	-
NPG	GA Premium Income	.0590	-
NZX	GA Dividend Advantage	.0640	-
NKG	GA Dividend Advantage 2	.0600	-
			Change From
		Amount	Previous Month
NMY	MD Premium Income	.0620	-
NFM	MD Dividend Advantage	.0650	-
NZR	MD Dividend Advantage 2	.0660	-
NWI	MD Dividend Advantage 3	.0630	-
NMT	MA Premium Income	.0650	-
NMB	MA Dividend Advantage	.0690	-
NGX	Insured MA Tax-Free Advantage	.0630	-
NUM	MI Quality Income	.0660	-
NMP	MI Premium Income	.0650	-
NZW	MI Dividend Advantage	.0640	-
NOM	MO Premium Income	.0590	-
NQJ	NJ Investment Quality	.0660	-
NNJ	NJ Premium Income	.0660	-
NXJ	NJ Dividend Advantage	.0660	-
NUJ	NJ Dividend Advantage 2	.0680	-
NNC	NC Premium Income	.0620	-
NRB	NC Dividend Advantage	.0700	-
NNO	NC Dividend Advantage 2	.0680	-
NII	NC Dividend Advantage 3	.0660	-
NUO	OH Quality Income	.0740	-
NXI	OH Dividend Advantage	.0700	-
NBJ	OH Dividend Advantage 2	.0690	-
NVJ	OH Dividend Advantage 3	.0730	-
NQP	PA Investment Quality	.0710	-
NPY	PA Premium Income 2	.0690	-
NXM	PA Dividend Advantage	.0710	-
NVY	PA Dividend Advantage 2	.0730	-
NTX	TX Quality Income	.0680	-
NPV	VA Premium Income	.0670	-
NGB	VA Dividend Advantage	.0640	-
NNB	VA Dividend Advantage 2	.0660	-

	Closed-End Funds:		Change From
Ticker	Taxable Funds	Amount	Previous Month
	Preferred Securities
JTP	Quality Preferred Income Fund	.0480	-
JPS	Quality Preferred Income Fund 2	.0540	-
JHP	Quality Preferred Income Fund 3	.0510	-
	Floating Rate: Corporate Loans		-
NSL	Senior Income Fund	.0400	-
JFR	Floating Rate Income Fund	.0510	-
JRO	Floating Rate Income Opportunity Fund	.0620	-
	Floating Rate: Tax Advantaged		-
JFP	Tax-Advantaged Floating Rate Fund	.0150	-
	Mortgage-Backed Securities
JLS	Mortgage Opportunity Term Fund	.1725	-

Ticker	MuniFund Term Preferred	Monthly Tax-FreeDistribution PerShare
Ticker	MuniFund Term Preferred	Monthly Tax-FreeDistribution PerShare
NVG PrC	Nuveen Insured Dividend Advantage Municipal Fund MTP	.024583
NGB PrC	Nuveen Virginia Dividend Advantage Municipal Fund MTP	.023333
NNB PrC	Nuveen Virginia Dividend Advantage Municipal Fund 2 MTP	.023333
NAN PrC	Nuveen New York Dividend Advantage Municipal Fund MTP	.022500
NZH PrC	Nuveen California Dividend Advantage Municipal Fund 3 MTP	.024583
NEA PrC	Nuveen Insured Tax-Free Advantage Municipal Fund MTP	.023750
NKG PrC	Nuveen Georgia Dividend Advantage Municipal Fund 2 MTP	.022083
NMT PrC	Nuveen Massachusetts Premium Income Municipal Fund MTP	.022083
NMY PrC	Nuveen Maryland Premium Income Municipal Fund MTP	.022083
NNC PrC	Nuveen North Carolina Premium Income Municipal Fund MTP	.022083
NPV PrC	Nuveen Virginia Premium Income Municipal Fund MTP	.022083
NTC PrC	Nuveen Connecticut Premium Income Municipal Fund MTP	.022083
NII PrC	Nuveen North Carolina Dividend Advantage Municipal Fund 3 MTP	.022083
NGO PrC	Nuveen Connecticut Dividend Advantage Municipal Fund 3 MTP	.022083
NGX PrC	Nuveen Insured Mass. Tax-Free Advantage Municipal Fund MTP	.022083
NPG PrC	Nuveen Georgia Premium Income Municipal Fund MTP	.022083
NZX PrC	Nuveen Georgia Dividend Advantage Municipal Fund MTP	.022083
NWI PrC	Nuveen Maryland Dividend Advantage Municipal Fund 3 MTP	.022083
NAD PrC	Nuveen Dividend Advantage Municipal Fund MTP	.022500
NMB PrC	Nuveen Massachusetts Dividend Advantage Municipal Fund MTP	.021667
NRB PrC	Nuveen North Carolina Dividend Advantage Municipal Fund MTP	.021667
NNO PrC	Nuveen North Carolina Dividend Advantage Municipal Fund 2 MTP	.021667
NFC PrC	Nuveen Connecticut Dividend Advantage Municipal Fund MTP	.021667
NGK PrC	Nuveen Connecticut Dividend Advantage Municipal Fund 2 MTP	.021667

Nuveen Investments provides high quality investment services designed to help secure the long-term goals of institutions and high net worth investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets its growing range of specialized investment solutions under the high-quality brands of HydePark, NWQ, Nuveen, Santa Barbara, Symphony, Tradewinds, and Winslow Capital. In total, the Company managed nearly $145 billion as of December 31, 2009. For more information, please visit the Nuveen Investments website at www.nuveen.com.

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