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Nuveen New York Municipal Closed-End Funds Declare Distributions

Stocks in this article: NKO NNF NQN NRK NUN NVN

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



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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