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Newly Merged Nuveen Closed-End Fund Declares Post-Merger Muni-Term Preferred Distribution

Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that the Nuveen Michigan Quality Income Fund Muni-Term Preferred (NUM PrC) has declared a post-merger distribution. 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 January 7, 2013 through January 31, 2013. This distribution follows the recently announced merger for each fund, which was successfully completed before the market open on January 7, 2013, which can be viewed by clicking here.

The following dates apply to today's distribution declarations for the following MTP Shares:
   
Record Date January 15, 2013
Ex-Dividend Date January 11, 2013
Payable Date February 1, 2013
 

Ticker

MuniFund Term Preferred

Tax-Free Distribution Per Share
NUM PrC Nuveen Michigan Quality Income Municipal Fund MTP .0153340
 

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.*

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