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 Michigan Quality Income Municipal Fund, Inc. (NYSE: NUM) and the Nuveen Ohio Quality Income Municipal Fund, Inc. (NYSE: NUO) called for redemption at par all of their outstanding auction-rate preferred securities (ARPS). The funds’ Board of Trustees has approved the redemptions, which total $160.325 million and will be funded by proceeds received from the issuance of Variable Rate MuniFund Term Preferred Shares (VMTP).

NUM is redeeming all of its $87.325 million of currently outstanding ARPS.
Series   Cusip #  

Total Shares Redeemed
 

Total Amount Redeemed
  Redemption Date
TH   670979202   2,972   $74,300,000   August 10, 2011
F   670979301   521   $13,025,000   August 4, 2011
       

NUO is redeeming all of its $73.0 million of currently outstanding ARPS.
Series   Cusip #  

Total Shares Redeemed
 

Total Amount Redeemed
  Redemption Date
M   670980309   645   $16,125,000   August 5, 2011
TH   670980200   1,327   $33,175,000   August 10, 2011
TH2   670980408   948   $23,700,000   August 10, 2011
       

For more information about Nuveen closed-end funds, visit www.nuveen.com/cef. ARPS information and updates are posted on Nuveen’s auction-rate preferred resource center at www.nuveen.com/arps.

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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