|Fund||Ticker||Shares||Amount ($mm)||Term Redemption Date|
|Nuveen Arizona Premium Income Municipal Fund||NAZ||790||$79.00||December 30, 2016|
|Nuveen Michigan Quality Income Municipal Fund||NUM||1,590||$159.00*||December 30, 2016|
|Nuveen AMT-Free Municipal Income Fund||NEA||1,510||$151.00||December 30, 2016|
|Nuveen Dividend Advantage Municipal Fund||NAD||2,650||$265.00||December 30, 2016|
|* 879 ($87.9mm) VMTP shares completed through a privately negotiated exchange transaction|
The proceeds of the VMTP issuance were deposited in trust with an affiliate of Computershare, Inc., the Redemption and Paying Agent for the MTP and VMTP shares. This deposit will be held for the benefit of MTP and non-exchanged VMTP shareholders, as applicable. MTP shares will be redeemed on December 20, 2013 and non-exchanged VMTP shares will be redeemed on January 6, 2014. Official notification of the redemption will be delivered to MTP and VMTP shareholders through The Depository Trust Company (DTC). Upon redemption the MTP shares, the funds intend to deregister and delist the MTP shares from the New York Stock Exchange.No VMTP shares have been registered under the Securities Act of 1933 (the Securities Act) or any state securities laws. Unless so registered, no VMTP shares may be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws. This press release is neither an offer to sell nor a solicitation of an offer to buy any of these securities. 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. Funds distributed by Nuveen Securities, LLC., a subsidiary of Nuveen Investments, Inc. In total, Nuveen Investments managed nearly $215 billion as of September 30, 2013. For more information, please visit the Nuveen Investments website at www.nuveen.com.