Since the record date is March 8, 2013 for all six funds’ distributions payable April 1, 2013 and May 1, 2013, any new fund shares acquired between the associated ex-dividend date of March 6, 2013 and the June distribution’s ex-dividend date of May 13, 2013 will not receive a full monthly distribution until June 1, 2013. However, the tax-exempt income earned on these shares during this period will be reflected in each fund’s net asset value as undistributed net investment income (UNII) which will be paid out over time. Shareholders of all six funds who hold shares as of the March 8, 2013 record date will continue to receive full monthly distributions each month from April through June, 2013.

For more information about UNII, each fund, and the shareholder-approved reorganization, please visit http://www.nuveen.com/CEF.

Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutional and individual 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—Nuveen Asset Management, LLC, Symphony Asset Management LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital Management, LLC and Gresham Investment Management LLC all of which are registered investment advisers and subsidiaries of Nuveen Investments, Inc. In total, Nuveen Investments managed approximately $219 billion as of December 31, 2012. For more information, please visit the Nuveen Investments website at www.nuveen.com.

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