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Nuveen Declares Quarterly Distributions For Two Former IQ Advisor Funds

Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced the quarterly distributions for two closed-end funds formerly managed by IQ Advisors as those funds change from paying distributions on a monthly basis to paying on a quarterly basis. Dow 30 SM Premium & Dividend Income Fund Inc. (NYSE: DPD) and Dow 30 SM Enhanced Premium & Income Fund Inc. (NYSE: DPO), have declared quarterly distributions in the amounts of $.3090 per share and $.255 per share respectively.

The following dates apply to today’s distribution declaration:

Record Date

  March 15, 2011
Ex-Dividend Date March 11, 2011
Payable Date April 1, 2011
     
   

Quarterly Taxable Distribution Per Share

  Change From

Ticker

Fund Name

Amount   Previous Monthly Rate
DPD Dow 30 SM Premium & Dividend Income Fund .3090 -
DPO Dow 30 SM Enhanced Premium & Income Fund .2550 -
 

Subsequent quarterly distribution announcements for these funds will be made along with all of the Nuveen funds with a managed distribution structure beginning June 1, 2011. As previously announced on October 8, 2010, Nuveen Asset Management (Nuveen) has assumed the role of investment adviser for the two funds previously managed by IQ Advisors.

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