Nuveen Closed-End Funds Declare Monthly Distributions

Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced that 111 Nuveen closed-end funds had declared regular monthly distributions. These funds represent a broad range of tax-exempt, taxable fixed and floating rate income investment strategies for investors seeking to build sophisticated and diversified long-term investment portfolios for cash flow. The funds’ monthly distributions are listed below.

Monthly distributions from Nuveen's municipal closed-end funds and portfolios are generally exempt from regular Federal income taxes, and monthly 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, monthly distributions of the municipal funds and portfolios may be subject to the Federal Alternative Minimum Tax for some shareholders.

Nuveen funds generally seek to pay stable distributions at rates that reflect each fund’s past results and projected future performance. During certain periods, each fund may pay distributions at a rate that may be more or less than the amount of net investment income actually earned by the fund during the period. If a fund cumulatively earned more than it has paid in distributions, it holds the excess in reserve as undistributed net investment income (UNII) as part of the fund’s net asset value (NAV). Conversely, if a fund has cumulatively paid distributions in excess of its earnings, the excess constitutes negative UNII that is likewise reflected in the fund’s NAV. Each fund will, over time, pay all of its net investment income as distributions to shareholders. The funds’ positive or negative UNII balances are disclosed from time to time in their periodic shareholder reports, and are also on www.nuveen.com/cef

JFP, the Nuveen Tax-Advantaged Floating Rate Fund, has implemented a managed distribution policy which permits it to include as part of its monthly distributions supplemental amounts from sources other than net investment income. This fund currently expects that any supplemental amounts would represent anticipated portfolio price appreciation over time once financial market conditions stabilize and prospects begin to improve for the middle market financial companies in which the fund primarily invests. Because the timing and extent of any such recovery is presently difficult to assess in light of continued market volatility and the negative effects on financial companies of the on-going credit crisis, the fund’s latest monthly distribution is estimated to contain only net investment income and does not include any supplemental amounts.

Because a managed distribution program permits regular distributions from sources other than net investment income, it is important to understand the components of a managed distribution and the fund's NAV performance relative to its distribution rate. JFP posts information and estimates on www.nuveen.com/cef regarding the sources of distributions and total return performance over various time periods. In addition, at least in any month in which fund distributions include supplemental amounts from sources other than net investment income, the fund will also send this information directly to shareholders. Estimates are for informational purposes only, and the final determination of the source and tax characteristics of all distributions paid in 2009 will be made in early 2010 and reported to shareholders on Form 1099-DIV at that time.

In addition, distributions for certain funds investing in real estate investment trusts (REITs) may later be characterized as capital gains and/or a return of capital, depending on the character of the dividends reported to each fund after year-end by REIT securities held by each fund. The Nuveen preferred securities funds, JTP, JPS and JHP may invest in REITs; a list of funds that are likely to be affected by re-characterization is posted to www.nuveen.com each January, and updated tax characteristics are posted to the web site and mailed to shareholders via form 1099-DIV during the first quarter of the year.

The following dates apply to today’s distribution declarations:

Record Date

August 15, 2009

Ex-Dividend Date

August 12, 2009

Payable Date

September 1, 2009

        
      
    
    
      
        
        
        
           
        
        
        
        
           
        
        
          Monthly Tax-Free Distribution Per Share
        
      
      
        
        
        
        
        
        
        
        
        
          Amount
        
        
           
        
        
          Change From Previous Month
        
      
      
        
          

Ticker

Closed-End Portfolios

        
        
        
        
        
        
           
        
        
        
      
      
        
          NXP
        
        
        
        
          Select Portfolio
        
        
        
        
          $.0570
        
        
        
        
          -
        
      
      
        
          NXQ
        
        
        
        
          Select Portfolio 2
        
        
        
        
          .0555
        
        
        
        
          -
        
      
      
        
          NXR
        
        
        
        
          Select Portfolio 3
        
        
        
        
          .0535
        
        
        
        
          -
        
      
      
        
          NXC
        
        
        
        
          CA Select Portfolio
        
        
        
        
          .0555
        
        
        
        
          -
        
      
      
        
          NXN
        
        
        
        
          NY Select Portfolio
        
        
        
        
          .0510
        
        
        
        
          -
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
          

Closed-End Funds

Non-Leveraged Funds

        
        
        
        
        
        
        
        
        
      
      
        
          NUV
        
        
        
        
          Municipal Value
        
        
        
        
          .0390
        
        
        
        
          -
        
      
      
        
          NUW
        
        
        
        
          Municipal Value 2
        
        
        
        
          .0750
        
        
        
        
          -
        
      
      
        
          NCA
        
        
        
        
          CA Municipal Value
        
        
        
        
          .0380
        
        
        
        
          -
        
      
      
        
          NNY
        
        
        
        
          NY Municipal Value
        
        
        
        
          .0355
        
        
        
        
          -
        
      
      
        
          NMI
        
        
        
        
          Municipal Income
        
        
        
        
          .0445
        
        
        
        
          -
        
      
      
        
          NIM
        
        
        
        
          Select Maturities
        
        
        
        
          .0350
        
        
        
        
          -
        
      
      
        
          NYV
        
        
        
        
          NY Municipal Value 2
        
        
        
        
          .0640
        
        
        
        
          -
        
      
      
        
          NCB
        
        
        
        
          CA Municipal Value 2
        
        
        
        
          .0690
        
        
        
        
          -
        
      
      
        
          NJV
        
        
        
        
          NJ Municipal Value
        
        
        
        
          .0640
        
        
        
        
          -
        
      
      
        
          NPN
        
        
        
        
          PA Municipal Value
        
        
        
        
          .0650
        
        
        
        
          -
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
          

Leveraged Funds

National

        
        
        
        
        
        
        
        
        
      
      
        
          NPI
        
        
        
        
          Premium Income
        
        
        
        
          .0680
        
        
        
        
          -
        
      
      
        
          NPP
        
        
        
        
          Performance Plus
        
        
        
        
          .0680
        
        
        
        
          -
        
      
      
        
          NMA
        
        
        
        
          Advantage
        
        
        
        
          .0715
        
        
        
        
          -
        
      
      
        
          NMO
        
        
        
        
          Market Opportunity
        
        
        
        
          .0690
        
        
        
        
          -
        
      
      
        
          NQM
        
        
        
        
          Investment Quality
        
        
        
        
          .0635
        
        
        
        
          -
        
      
      
        
          NQI
        
        
        
        
          Insured Quality
        
        
        
        
          .0625
        
        
        
        
          -
        
      
      
        
          NQS
        
        
        
        
          Select Quality
        
        
        
        
          .0740
        
        
        
        
          -
        
      
      
        
          NQU
        
        
        
        
          Quality Income
        
        
        
        
          .0685
        
        
        
        
          -
        
      
      
        
          NIO
        
        
        
        
          Insured Opportunity
        
        
        
        
          .0605
        
        
        
        
          -
        
      
      
        
          NPF
        
        
        
        
          Premier
        
        
        
        
          .0630
        
        
        
        
          -
        
      
      
        
          NIF
        
        
        
        
          Premier Insured
        
        
        
        
          .0635
        
        
        
        
          -
        
      
      
        
          NPM
        
        
        
        
          Premium Income 2
        
        
        
        
          .0690
        
        
        
        
          -
        
      
      
        
          NPT
        
        
        
        
          Premium Income 4
        
        
        
        
          .0615
        
        
        
        
          -
        
      
      
        
          NPX
        
        
        
        
          Insured Premium 2
        
        
        
        
          .0595
        
        
        
        
          -
        
      
      
        
          NAD
        
        
        
        
          Dividend Advantage
        
        
        
        
          .0715
        
        
        
        
          -
        
      
      
        
          NXZ
        
        
        
        
          Dividend Advantage 2
        
        
        
        
          .0730
        
        
        
        
          -
        
      
      
        
          NZF
        
        
        
        
          Dividend Advantage 3
        
        
        
        
          .0735
        
        
        
        
          -
        
      
      
        
          NVG
        
        
        
        
          Insured Dividend Advantage
        
        
        
        
          .0645
        
        
        
        
          -
        
      
      
        
          NEA
        
        
        
        
          Insured Tax-Free Advantage
        
        
        
        
          .0620
        
        
        
        
          -
        
      
      
        
          NMZ
        
        
        
        
          High Income Opportunity Fund
        
        
        
        
          .0835
        
        
        
        
          -
        
      
      
        
          NMD
        
        
        
        
          High Income Opportunity Fund 2
        
        
        
        
          .0800
        
        
        
        
          -
        
      
      
        
        
        
        
        
          

California

        
        
        
        
        
        
        
        
        
      
      
        
          NCP
        
        
        
        
          Performance Plus
        
        
        
        
          .0655
        
        
        
        
          -
        
      
      
        
          NCO
        
        
        
        
          Market Opportunity
        
        
        
        
          .0675
        
        
        
        
          -
        
      
      
        
          NQC
        
        
        
        
          Investment Quality
        
        
        
        
          .0685
        
        
        
        
          -
        
      
      
        
          NVC
        
        
        
        
          Select Quality
        
        
        
        
          .0710
        
        
        
        
          -
        
      
      
        
          NUC
        
        
        
        
          Quality Income
        
        
        
        
          .0735
        
        
        
        
          -
        
      
      
        
          NPC
        
        
        
        
          Insured Premium Income
        
        
        
        
          .0615
        
        
        
        
          -
        
      
      
        
          NCL
        
        
        
        
          Insured Premium Income 2
        
        
        
        
          .0650
        
        
        
        
          -
        
      
      
        
          NCU
        
        
        
        
          Premium Income
        
        
        
        
          .0570
        
        
        
        
          -
        
      
      
        
          NAC
        
        
        
        
          Dividend Advantage
        
        
        
        
          .0665
        
        
        
        
          -
        
      
      
        
          NVX
        
        
        
        
          Dividend Advantage 2
        
        
        
        
          .0695
        
        
        
        
          -
        
      
      
        
          NZH
        
        
        
        
          Dividend Advantage 3
        
        
        
        
          .0675
        
        
        
        
          -
        
      
      
        
          NKL
        
        
        
        
          Insured Dividend Advantage
        
        
        
        
          .0695
        
        
        
        
          -
        
      
      
        
          NKX
        
        
        
        
          Insured Tax-Free Advantage
        
        
        
        
          .0630
        
        
        
        
          -
        
      
      
        
        
        
        
        
          

Florida

        
        
        
        
        
        
        
        
        
      
      
        
          NQF
        
        
        
        
          Investment Quality
        
        
        
        
          .0610
        
        
        
        
          -
        
      
      
        
          NUF
        
        
        
        
          Quality Income
        
        
        
        
          .0550
        
        
        
        
          -
        
      
      
        
          NFL
        
        
        
        
          Insured Premium Income
        
        
        
        
          .0575
        
        
        
        
          -
        
      
      
        
          NWF
        
        
        
        
          Insured Tax-Free Advantage
        
        
        
        
          .0540
        
        
        
        
          -
        
      
      
        
        
        
        
        
          

New York

        
        
        
        
        
        
        
        
        
      
      
        
          NNP
        
        
        
        
          Performance Plus
        
        
        
        
          .0645
        
        
        
        
          -
        
      
      
        
          NQN
        
        
        
        
          Investment Quality
        
        
        
        
          .0615
        
        
        
        
          -
        
      
      
        
          NVN
        
        
        
        
          Select Quality
        
        
        
        
          .0595
        
        
        
        
          -
        
      
      
        
          NUN
        
        
        
        
          Quality Income
        
        
        
        
          .0590
        
        
        
        
          -
        
      
      
        
          NNF
        
        
        
        
          Insured Premium Income
        
        
        
        
          .0550
        
        
        
        
          -
        
      
      
        
          NAN
        
        
        
        
          Dividend Advantage
        
        
        
        
          .0635
        
        
        
        
          -
        
      
      
        
          NXK
        
        
        
        
          Dividend Advantage 2
        
        
        
        
          .0645
        
        
        
        
          -
        
      
      
        
          NKO
        
        
        
        
          Insured Dividend Advantage
        
        
        
        
          .0620
        
        
        
        
          -
        
      
      
        
          NRK
        
        
        
        
          Insured Tax-Free Advantage
        
        
        
        
          .0545
        
        
        
        
          -
        
      
      
        
        
        
        
        
          

Other State Funds

        
        
        
        
        
        
        
        
        
      
      
        
          NAZ
        
        
        
        
          AZ Premium Income
        
        
        
        
          .0540
        
        
        
        
          -
        
      
      
        
          NFZ
        
        
        
        
          AZ Dividend Advantage
        
        
        
        
          .0525
        
        
        
        
          -
        
      
      
        
          NKR
        
        
        
        
          AZ Dividend Advantage 2
        
        
        
        
          .0585
        
        
        
        
          -
        
      
      
        
          NXE
        
        
        
        
          AZ Dividend Advantage 3
        
        
        
        
          .0545
        
        
        
        
          -
        
      
      
        
          NTC
        
        
        
        
          CT Premium Income
        
        
        
        
          .0535
        
        
        
        
          -
        
      
      
        
          NFC
        
        
        
        
          CT Dividend Advantage
        
        
        
        
          .0570
        
        
        
        
          -
        
      
      
        
          NGK
        
        
        
        
          CT Dividend Advantage 2
        
        
        
        
          .0590
        
        
        
        
          -
        
      
      
        
          NGO
        
        
        
        
          CT Dividend Advantage 3
        
        
        
        
          .0510
        
        
        
        
          -
        
      
      
        
          NPG
        
        
        
        
          GA Premium Income
        
        
        
        
          .0525
        
        
        
        
          -
        
      
      
        
          NZX
        
        
        
        
          GA Dividend Advantage
        
        
        
        
          .0560
        
        
        
        
          -
        
      
      
        
          NKG
        
        
        
        
          GA Dividend Advantage 2
        
        
        
        
          .0530
        
        
        
        
          -
        
      
      
        
          NMY
        
        
        
        
          MD Premium Income
        
        
        
        
          .0580
        
        
        
        
          -
        
      
      
        
          NFM
        
        
        
        
          MD Dividend Advantage
        
        
        
        
          .0600
        
        
        
        
          -
        
      
      
        
          NZR
        
        
        
        
          MD Dividend Advantage 2
        
        
        
        
          .0600
        
        
        
        
          -
        
      
      
        
          NWI
        
        
        
        
          MD Dividend Advantage 3
        
        
        
        
          .0580
        
        
        
        
          -
        
      
      
        
          NMT
        
        
        
        
          MA Premium Income
        
        
        
        
          .0610
        
        
        
        
          -
        
      
      
        
          NMB
        
        
        
        
          MA Dividend Advantage
        
        
        
        
          .0600
        
        
        
        
          -
        
      
      
        
          NGX
        
        
        
        
          Insured MA Tax-Free Advantage
        
        
        
        
          .0565
        
        
        
        
          -
        
      
      
        
          NUM
        
        
        
        
          MI Quality Income
        
        
        
        
          .0585
        
        
        
        
          -
        
      
      
        
          NMP
        
        
        
        
          MI Premium Income
        
        
        
        
          .0565
        
        
        
        
          -
        
      
      
        
          NZW
        
        
        
        
          MI Dividend Advantage
        
        
        
        
          .0565
        
        
        
        
          -
        
      
      
        
          NOM
        
        
        
        
          MO Premium Income
        
        
        
        
          .0545
        
        
        
        
          -
        
      
      
        
          NQJ
        
        
        
        
          NJ Investment Quality
        
        
        
        
          .0600
        
        
        
        
          -
        
      
      
        
          NNJ
        
        
        
        
          NJ Premium Income
        
        
        
        
          .0580
        
        
        
        
          -
        
      
      
        
          NXJ
        
        
        
        
          NJ Dividend Advantage
        
        
        
        
          .0590
        
        
        
        
          -
        
      
      
        
          NUJ
        
        
        
        
          NJ Dividend Advantage 2
        
        
        
        
          .0620
        
        
        
        
          -
        
      
      
        
          NNC
        
        
        
        
          NC Premium Income
        
        
        
        
          .0550
        
        
        
        
          -
        
      
      
        
          NRB
        
        
        
        
          NC Dividend Advantage
        
        
        
        
          .0620
        
        
        
        
          -
        
      
      
        
          NNO
        
        
        
        
          NC Dividend Advantage 2
        
        
        
        
          .0585
        
        
        
        
          -
        
      
      
        
          NII
        
        
        
        
          NC Dividend Advantage 3
        
        
        
        
          .0565
        
        
        
        
          -
        
      
      
        
          NUO
        
        
        
        
          OH Quality Income
        
        
        
        
          .0645
        
        
        
        
          -
        
      
      
        
          NXI
        
        
        
        
          OH Dividend Advantage
        
        
        
        
          .0620
        
        
        
        
          -
        
      
      
        
          NBJ
        
        
        
        
          OH Dividend Advantage 2
        
        
        
        
          .0580
        
        
        
        
          -
        
      
      
        
          NVJ
        
        
        
        
          OH Dividend Advantage 3
        
        
        
        
          .0635
        
        
        
        
          -
        
      
      
        
          NQP
        
        
        
        
          PA Investment Quality
        
        
        
        
          .0630
        
        
        
        
          -
        
      
      
        
          NPY
        
        
        
        
          PA Premium Income 2
        
        
        
        
          .0590
        
        
        
        
          -
        
      
      
        
          NXM
        
        
        
        
          PA Dividend Advantage
        
        
        
        
          .0610
        
        
        
        
          -
        
      
      
        
          NVY
        
        
        
        
          PA Dividend Advantage 2
        
        
        
        
          .0635
        
        
        
        
          -
        
      
      
        
          NTX
        
        
        
        
          TX Quality Income
        
        
        
        
          .0620
        
        
        
        
          -
        
      
      
        
          NPV
        
        
        
        
          VA Premium Income
        
        
        
        
          .0605
        
        
        
        
          -
        
      
      
        
          NGB
        
        
        
        
          VA Dividend Advantage
        
        
        
        
          .0620
        
        
        
        
          -
        
      
      
        
          NNB
        
        
        
        
          VA Dividend Advantage 2
        
        
        
        
          .0620
        
        
        
        
          -
        
      
      
        
        
        
        
        
        
        
        
        
           
        
        
           
        
        
           
        
      
      
        
        
        
        
        
        
        
        
        
        
        
        
        
          Change From
        
      
      
        
        
        
        
        
          

Closed-End Funds:

        
        
        
        
           
        
        
           
        
        
          Previous Month
        
      
      
        
          

Ticker

Taxable Funds

Preferred Securities

        
        
        
        
        
        
        
        
        
      
      
        
          JTP
        
        
        
        
          Quality Preferred Income Fund
        
        
        
        
          .0520
        
        
        
        
          -
        
      
      
        
          JPS
        
        
        
        
          Quality Preferred Income Fund 2
        
        
        
        
          .0620
        
        
        
        
          -
        
      
      
        
          JHP
        
        
        
        
          Quality Preferred Income Fund 3
        
        
        
        
          .0540
        
        
        
        
          -
        
      
      
        
        
        
        
        
          

Floating Rate: Corporate Loans

        
        
        
        
        
        
        
        
        
      
      
        
          NSL
        
        
        
        
          Senior Income Fund
        
        
        
        
          .0335
        
        
        
        
          -
        
      
      
        
          JFR
        
        
        
        
          Floating Rate Income Fund
        
        
        
        
          .0410
        
        
        
        
          -
        
      
      
        
          JRO
        
        
        
        
          Floating Rate Income Opportunity Fund
        
        
        
        
          .0500
        
        
        
        
          -
        
      
      
        
        
        
        
        
          

Floating Rate: Tax Advantaged

        
        
        
        
        
        
        
        
        
      
      
        
          JFP
        
        
        
        
          Tax-Advantaged Floating Rate Fund
        
        
        
        
          .0290*
        
        
        
        
          -
        
      
    
    

* This represents a managed distribution amount. A description of the fund’s managed distribution program appears in the text preceding the tables.

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.