Nuveen Closed-End Fund Shareholder Meeting Adjourned

Nuveen Investments today announced that the July 24th shareholder meeting for three of its national closed-end municipal bond funds was adjourned to allow the funds to consider new litigation filed in conjunction with the proposed merger of the funds with four Nuveen Florida closed-end municipal bond funds. The closed-end funds proposed to be merged include:

    
      
        
          Nuveen Insured Florida Premium Income Municipal Fund (NFL)
        
      
      
        
          

To be merged into

        
      
      
        
          Nuveen Insured Municipal Opportunity Fund, Inc. (NIO)
        
      
      
        
           
        
      
      
        
          Nuveen Florida Investment Quality Municipal Fund (NQF); and
        
      
      
        
          Nuveen Florida Quality Income Municipal Fund (NUF)
        
      
      
        
          

To be merged into

        
      
      
        
          Nuveen Premium Income Municipal Fund 2, Inc. (NPM)
        
      
      
        
           
        
      
      
        
          Nuveen Insured Florida Tax-Free Advantage Municipal Fund (NWF)
        
      
      
        
          

To be merged into

        
      
      
        
          Nuveen Insured Tax-Free Advantage Municipal Fund (NEA)
        
      
      
        
           
        
      
    
    

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.