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Two Nuveen Closed-End Funds Issue Redemption Notices For Preferred Shares

Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that two municipal bond closed-end funds have filed with the Securities and Exchange Commission a notice of intention to redeem all of the outstanding MuniFund Term Preferred (MTP) shares for each of the funds. Additionally, one of the funds, the Nuveen Ohio Quality Income Municipal Fund (NYSE: NUO), will redeem all of its outstanding Variable Rate MuniFund Term Preferred (VMTP) shares. The redemption price will be the $10 liquidation value per MTP share, plus an additional amount representing the final accumulated distribution amounts owed and the $100,000 liquidation value per VMTP share, plus an additional amount representing the final accumulated distribution amount owed. Each fund expects to finance the MTP and VMTP share redemptions with the proceeds of newly issued Variable Rate Demand Preferred (VRDP) shares and the redemptions are contingent upon the completion of all aspects of VRDP share placement, which may not occur as planned. Official notification of the redemption will be delivered to MTP and VMTP shareholders at a later date through the Depository Trust Company (DTC). The anticipated redemption date is October 7, 2013.

The funds filing the notice are as follows:

Fund & Common Share Symbol

 

MTP Share Symbols

 

MTP CUSIPs

 

VMTP CUSIP

Nuveen Ohio Quality Income Municipal Fund ( NUO)

NUO PrA, NUO PrC,NUO PrD

NUO PrA 670980804NUO PrC 670980606NUO PrD 670980705

670980507

Nuveen California Dividend Advantage Municipal Fund 3 ( NZH)

NZH PrA, NZH PrB,NZH PrC

NZH PrA 67070Y406NZH PrB 67070Y505NZH PrC 67066Y501

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The address of the redemption and paying agent, Computershare Inc., is as follows: 250 Royall Street, Canton, Massachusetts 02021.

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