Nuveen New York 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 six Nuveen New York municipal closed-end funds. The shareholders of these funds, Nuveen New York Quality Income Fund, Inc. (NYSE: NUN), Nuveen New York Premium Income Fund, Inc. (NYSE: NNF), Nuveen New York Investment Quality Municipal Income Fund, Inc. (NYSE: NQN), Nuveen New York Select Quality Income Fund, Inc. (NYSE: NVN), Nuveen New York Dividend Advantage Municipal Income Fund (NYSE MKT: NKO) and Nuveen New York AMT-Free Municipal Income Fund (NYSE MKT: NRK) have each approved the reorganization of their fund into a single, larger fund. The reorganization is expected to take place after the close of business on Friday, March 8, 2013, effective Monday March 11, 2013, with NRK acquiring the common and preferred assets of the other funds. The goal of this reorganization is to create a single, larger AMT-free New York municipal bond fund, with lower operating expenses and increased share trading volume.

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

Record Date		March 8, 2013
Ex-Dividend Date		March 6, 2013
Payable Date		April 1, 2013		Per Share Distribution Amount
Reinvest Date		April 1, 2013		Tax-Exempt		Long-Term
				Income		Capital Gain
Acquiring Fund		NRK		0.0540		-
		NNF		0.0695		0.0069
		NUN		0.0700		0.0085
Acquired Funds		NVN		0.0725		0.0155
		NKO		0.0650		-
		NQN		0.0690		0.0081

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

Record Date		March 8, 2013
Ex-Dividend Date		March 6, 2013
Payable Date		May 1, 2013		Per Share Distribution Amount
Reinvest Date		May 1, 2013		Tax-Exempt Income
Acquiring Fund		NRK		0.0540
		NNF		0.2265
		NUN		0.0982
Acquired Funds		NVN		0.1076
		NKO		0.0643
		NQN		0.1249

Regulations require that the acquired funds fully distribute any accumulated undistributed net investment income (UNII) prior to effecting the reorganization. Consequently, five funds (NUN, NNF, NQN, NVN and NKO) are declaring distributions which will comply with these regulations, payable April 1, 2013 and May 1, 2013 to fund shareholders of record on March 8, 2013. In addition, the acquiring fund (NRK) is declaring distributions payable April 1, 2013 and May 1, 2013 to shareholders of record on March 8, 2013. A portion of these distributions for four of the funds will be comprised of long-term capital gains under the Internal Revenue Code. The distribution information is detailed in the table above.

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