Four Nuveen Closed-End Funds Establish Equity Shelf Programs

Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that four closed-end funds have each filed initial registration statements to establish equity shelf programs. The programs are designed to provide the funds’ portfolio managers with additional flexibility in pursuing attractive investment opportunities they believe may enhance long-term shareholder returns. Under the equity shelf programs, the funds, subject to market conditions, may raise additional equity capital, by issuing additional common shares, from time to time in varying amounts and offering methods at a net price at or above each fund’s net asset value per common share. The funds which have filed the initial registration statements are listed below:
Nuveen Investment Quality Municipal Fund, Inc. (NYSE: NQM),
Nuveen Quality Preferred Income Fund (NYSE: JTP),
Nuveen Quality Preferred Income Fund 2 (NYSE: JPS) and
Nuveen Quality Preferred Income Fund 3 (NYSE: JHP).

The funds have filed preliminary prospectuses with the Securities and Exchange Commission relating to the shelf offering of the funds. The information in the preliminary prospectuses is not complete and may be changed. New shares of the funds will not be sold until the registration statements are effective. The preliminary prospectuses are not an offer to sell newly registered shares and are not soliciting an offer to buy newly registered shares in any jurisdiction where the offer or sale is not permitted.

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