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Newly Merged Nuveen Closed-End Funds Declare Post-Merger Distributions

Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that the Nuveen Connecticut Premium Income Municipal Fund, Nuveen Georgia Dividend Advantage Municipal Fund 2 and Nuveen North Carolina Premium Income Municipal Fund have each declared an additional, post-merger distribution. This distribution follows the recently announced merger for each fund, which was successfully completed before the market open on July 9, 2012 (click here for merger announcement).

The distribution amounts declared below ensure that shareholders will not experience a reduced monthly tax-exempt distribution amount. When combined with pre-merger distributions, declared June 26, 2012 payable August 1, 2012, all shareholders from funds participating in these mergers will receive a total dollar amount equal to or greater than the tax-exempt income declared by their original fund in the previous month. To view the pre-merger dividend declaration, please click here.

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.*

The following dates apply to today's distribution declarations for the following Closed-End Funds:

Record Date   July 19, 2012  
Ex-Dividend Date July 17, 2012
Payable Date August 1, 2012
Reinvest Date August 1, 2012 Distribution Per Share
Tax Exempt
Amount

Ticker

Closed-End Portfolios

NTC

Nuveen Connecticut Premium Income Municipal Fund

$.0172
NKG

Nuveen Georgia Dividend Advantage Municipal Fund 2

.0078
NNC

Nuveen North Carolina Premium Income Municipal Fund

.0480
 

In addition, Muni-Term Preferred (MTP) shares of acquired funds were replaced by newly issued shares of MTP from the acquiring fund with substantially similar terms. The initial distribution for these new MTP shares is prorated for the period July 9, 2012 through July 31, 2012.

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