Nuveen Investments, a leading global provider of investment services to institutions as well as high-net-worth and affluent investors, today announced that the Nuveen Municipal Advantage Fund, Inc. (NYSE: NMA) has declared additional cash distributions with the record, ex-dividend and payable date mentioned below.

The following dates apply to today’s distribution declarations:
Record Date     June 15, 2011
Ex-Dividend Date June 13, 2011
Payable Date July 1, 2011
    Amount Per Share
Ordinary   Short Term   Long-Term
Income Capital Gain Capital Gain

Ticker

Closed-End Fund
NMA Municipal Advantage .0073 .0017 .0783

Nuveen Investments provides high quality investment services designed to help secure the long-term goals of institutions, high net worth and affluent investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliates - NWQ, Nuveen Asset Management, Santa Barbara, Symphony, Tradewinds and Winslow Capital. In total, Nuveen Investments had $212 billion of assets under management as of April 30, 2011. For more information, please visit the Nuveen Investments website at www.nuveen.com.

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