Four Nuveen Florida Funds Declare Final Pre-Merger Distributions

Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced that four Nuveen closed-end funds, NWF, NFL, NQF and NUF, declared final distributions in advance of their scheduled October 16th merger. It was recently announced that the Board of Trustees have approved the consummation of the merger of each of the four Florida funds with one of three of Nuveen’s national closed-end municipal bond funds. The funds’ distributions are listed below.

These final distributions are comprised of the normal monthly distribution amount plus all undistributed net investment income earned through the effective date of the merger. In order to comply with distribution requirements under the tax code, the funds are required to distribute all of their net investment income prior to the consummation of the merger.

Distributions from Nuveen's municipal closed-end funds and portfolios are generally exempt from regular Federal income taxes, and distributions of single-state municipal funds and portfolios are also exempt from state and, in some cases, local income taxes for in-state residents. Unless otherwise stated in the funds' objectives, distributions of the municipal funds and portfolios may be subject to the Federal Alternative Minimum Tax for some shareholders. For more information about Nuveen closed-end funds, visit www.nuveen.com/cef.

The following dates apply to today’s distribution declarations:

Record Date

October 15, 2009

Ex-Dividend Date

October 13, 2009

Payable Date

November 2, 2009

        
      
      
        
           
        
        
           
        
        
           
        
        
           
        
        
        
        
           
        
        
        
        
           
        
        
          Additional
        
        
           
        
        
          Pre-Merger
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
          Monthly
        
        
        
        
          Required
        
        
        
        
          Total
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
          

Distribution

Distribution

Distribution

        
      
      
        
          Nuveen Insured Florida Premium Income Fund (NFL)
        
        
        
        
          .0600
        
        
        
        
          .0900
        
        
        
        
          .1500
        
      
      
        
          Nuveen Florida Investment Quality Municipal Fund (NQF)
        
        
        
        
          .0670
        
        
        
        
          .1015
        
        
        
        
          .1685
        
      
      
        
          Nuveen Florida Quality Income Municipal Fund (NUF)
        
        
        
        
          .0580
        
        
        
        
          .0708
        
        
        
        
          .1288
        
      
      
        
          Nuveen Insured Florida Tax-Free Advantage Muni Fund (NWF)
        
        
        
        
          .0560
        
        
        
        
          .0731
        
        
        
        
          .1291
        
      
    
    

Nuveen Investments provides high quality investment services designed to help secure the long-term goals of institutions and high net worth investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets its growing range of specialized investment solutions under the high-quality brands of HydePark, NWQ, Nuveen, Santa Barbara, Symphony, Tradewinds and Winslow Capital. In total, the Company managed $128 billion of assets on June 30, 2009. For more information, please visit the Nuveen Investments website at www.nuveen.com.