Several Nuveen Municipal Closed-End Funds Declare Distributions

Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced distributions for certain Nuveen Maryland and Virginia state municipal bond closed-end funds. The shareholders of the funds listed below, have approved proxies to reorganize into larger funds. The reorganizations are expected to price after the close of business on Friday, August 3, 2012, and close before the market open on Monday, August 6, 2012, with two funds acquiring the common and preferred assets of the other funds in their respective states. The goal of this reorganization is to create two, larger state-specific municipal bond funds, with lower operating expenses and increased share trading volume.

Acquired Fund		Symbol		Acquiring Fund		Symbol
• Nuveen Maryland Dividend Advantage Municipal Fund		NFM
• Nuveen Maryland Dividend Advantage Municipal Fund 2		NZR		Nuveen Maryland Premium Income Municipal Fund		NMY
• Nuveen Maryland Dividend Advantage Municipal Fund 3		NWI
• Nuveen Virginia Dividend Advantage Municipal Fund		NGB		Nuveen Virginia Premium Income Municipal Fund		NPV
• Nuveen Virginia Dividend Advantage Municipal Fund 2		NNB

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

Record Date		August 3, 2012
Ex-Dividend Date		August 1, 2012
Payable Date		September 4, 2012		Distribution Amount
Reinvest Date		September 4, 2012		Tax-Exempt
				Income
Acquiring Fund		NMY		.0645
		NFM		.0590
		NZR		.0660
Acquired Funds		NWI		.0630
Acquiring Fund		NPV		.0645
		NGB		.0560
Acquired Funds		NNB		.0660

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

Record Date		August 3, 2012
Ex-Dividend Date		August 1, 2012
Payable Date		October 1, 2012		Distribution Amount
Reinvest Date		October 1, 2012		Tax-Exempt
				Income
Acquiring Fund		NMY		.0207
		NFM		.0362
		NZR		.0230
Acquired Funds		NWI		.0334
Acquiring Fund		NPV		.0457
		NGB		.0397
Acquired Funds		NNB		.0471

Regulations require that the acquired funds fully distribute any accumulated undistributed net investment income (UNII) as well as capital gains prior to effecting a reorganization. Consequently, five funds (NFM, NZR, NWI, NGB and NNB) are declaring distributions which will comply with these regulations, payable September 4, 2012, to fund shareholders of record August 3, 2012. In addition, the acquiring funds NMY and NPV are declaring distributions payable September 4, 2012, to shareholders of record on August 3, 2012. Each of the seven funds will also declare distributions to fund shareholders of record on August 3, 2012, payable October 1, 2012. Following the merger, NMY and NPV are expected to declare an additional distribution, payable October 1, 2012. The total dollar amount of the combined pre- and post-merger tax-exempt distributions received on September 4, 2012 as well as October 1, 2012 will each be equal to or greater than the shareholder’s prior monthly tax-exempt dividend. Some portion of these distributions is may be taxable* to shareholders under the Internal Revenue Code as Ordinary Income. The distribution information is detailed in the table above.

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