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Nuveen Closed-End Funds Declare Monthly Distributions

Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced that 124 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.

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 June 15, 2010
Ex-Dividend Date June 11, 2010
Payable Date July 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 .0475 .0005
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 .0765 .0035
NPP Performance Plus .0785 .0025
NMA Advantage .0825 .0015

 

 

 

 

Change From

Amount   Previous Month
NMO Market Opportunity .0815 .0015
NQM Investment Quality .0785 .0035
NQI Insured Quality .0710 -
NQS Select Quality .0860 .0040
NQU Quality Income .0790 .0030
NIO Insured Opportunity .0720 .0030
NPF Premier .0725 .0025
NIF Premier Insured .0740 -
NPM Premium Income 2 .0740 .0010
NPT Premium Income 4 .0710 .0020
NPX Insured Premium 2 .0620 -
NAD Dividend Advantage .0760 -
NXZ Dividend Advantage 2 .0800 -
NZF Dividend Advantage 3 .0820 .0040
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 .0780 .0030
NQC Investment Quality .0760 .0010
NVC Select Quality .0810 .0020
NUC Quality Income .0810 .0010
NPC Insured Premium Income .0725 .0035
NCL Insured Premium Income 2 .0720 -
NCU Premium Income .0725 .0025
NAC Dividend Advantage .0745 .0025
NVX Dividend Advantage 2 .0800 .0010
NZH Dividend Advantage 3 .0750 -
NKL Insured Dividend Advantage .0785 .0035
NKX Insured Tax-Free Advantage .0670 .0010

New York

NNP Performance Plus .0735 .0055
NQN Investment Quality .0670 .0035
NVN Select Quality .0700 .0050
NUN Quality Income .0690 .0020
NNF Insured Premium Income .0645 .0025
NAN Dividend Advantage .0655 -
NXK Dividend Advantage 2 .0665 -
Change From
Amount   Previous Month
NKO Insured Dividend Advantage .0645 -
NRK Insured Tax-Free Advantage .0615 -

Other State Funds

NAZ AZ Premium Income .0625 .0035
NFZ AZ Dividend Advantage .0645 .0055
NKR AZ Dividend Advantage 2 .0670 .0010
NXE AZ Dividend Advantage 3 .0630 .0010
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 -
NMY MD Premium Income .0635 .0015
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 .0700 .0040
NMP MI Premium Income .0695 .0045
NZW MI Dividend Advantage .0670 .0030
NOM MO Premium Income .0650 .0060
NQJ NJ Investment Quality .0690 .0030
NNJ NJ Premium Income .0685 .0025
NXJ NJ Dividend Advantage .0695 .0035
NUJ NJ Dividend Advantage 2 .0715 .0035
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 .0750 .0010
NXI OH Dividend Advantage .0735 .0035
NBJ OH Dividend Advantage 2 .0700 .0010
NVJ OH Dividend Advantage 3 .0755 .0025
NQP PA Investment Quality .0755 .0045
NPY PA Premium Income 2 .0700 .0010
NXM PA Dividend Advantage .0725 .0015
NVY PA Dividend Advantage 2 .0745 .0015
Change From
Amount   Previous Month
NTX TX Quality Income .0715 .0035
NPV VA Premium Income .0670 -
NGB VA Dividend Advantage .0640 -
NNB VA Dividend Advantage 2 .0660 -
 

Monthly Taxable Distribution

Per Share

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 -
JMT Mortgage Opportunity Term Fund 2 .1670 -
 

Quarterly Taxable Distribution Per Share

 

 

Amount

 

Change FromPreviousQuarter

Ticker

Global Equity

JGV Nuveen Global Value Opportunities Fund .3000

 

-

Equity

JTA Tax-Advantaged Total Return Strategy Fund .2400

 

-

JTD Nuveen Tax-Advantaged Dividend Growth Fund .2600

 

-

JCE Core Equity Alpha Fund .2800

 

-

Real Estate

JRS Real Estate Income Fund .2200

 

-

Equity Option

JPZ Equity Premium Income Fund .3200

 

-

JSN Equity Premium Opportunity Fund .3360

 

-

JLA Equity Premium Advantage Fund .3310

 

-

JPG Equity Premium and Growth Fund .2800

 

-

 

 

 

Change From

Amount

 

PreviousQuarter

Balanced

JDD Diversified Dividend and Income Fund .2350

 

-

Multi-Strategy

JPC Multi-Strategy Income and Growth Fund .1700

 

-

JQC Multi-Strategy Income and Growth Fund 2 .1750

 

-

Global Debt

JGG Global Government Enhanced Income Fund .3900

 

-

JGT Nuveen Multi-Currency Short-Term Govt Income Fund .3470

 

(.0300)

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
NXK PrC New York Dividend Advantage Municipal Fund 2 MTP .021250
NRK PrC Insured New York Tax Free Advantage Municipal Fund MTP .021250
NFM PrC Maryland Dividend Advantage Municipal Fund MTP .021667
NZR PrC Maryland 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 $151 billion as of March 31, 2010. For more information, please visit the Nuveen Investments website at www.nuveen.com.



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