Nuveen Closed-End Funds Declare Monthly Distributions

CHICAGO--(Business Wire)--
Nuveen Investments, a leading global provider of investment
services to institutions and high-net-worth investors, today declared
regular monthly distributions for 106 closed-end funds and portfolios.
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 declared 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.

All of Nuveen's funds 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

Distributions from Nuveen's taxable closed-end funds are generally
subject to Federal income taxes. Additionally, smaller portions of the
monthly distribution for the Nuveen Quality Preferred Income Fund
(JTP), Nuveen Quality Preferred Income Fund 2 (JPS) and Nuveen Quality
Preferred Income Fund 3 (JHP) may later be characterized as capital
gains and/or a return of capital depending on the character of
distributions reported to these funds after year-end by real estate
investment trusts (REITs) whose securities are held by the fund.

Beginning with the distribution declared September 2, payable
October 1, the Nuveen Tax-Advantaged Floating Rate Fund (JFP) will
implement a managed distribution program. Under such a program, each
distribution may be composed of one or more of the following
components: net investment income, realized capital gains, and/or a
return of capital. Estimates of the proportions each source represents
will be posted on www.nuveen.com/cef and sent to shareholders with
each regular distribution. For more information on this change, please
see the August 12, 2008 JFP press release and accompanying Q&A at
www.nuveen.com/cef.

The following dates apply to today's distribution declarations:

-0-
*T
Record Date September 15, 2008
Ex-Dividend Date September 11, 2008
Payable Date October 1, 2008

Monthly Tax-Free
Distribution Per Share
-------------------------
Change From
Previous
Amount 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 -
NCA CA Municipal Value .0380 .0015
NNY NY Municipal Value .0355 -
NMI Municipal Income .0420 -
NIM Select Maturities .0365 -

Leveraged Funds
------------------------------------
National
-----------------------------------
NPI Premium Income .0600 .0010
NPP Performance Plus .0605 .0030
NMA Advantage .0660 .0020
NMO Market Opportunity .0630 .0025
NQM Investment Quality .0625 -
NQI Insured Quality .0615 .0010
NQS Select Quality .0670 -
NQU Quality Income .0630 .0025
NIO Insured Opportunity .0590 .0010
NPF Premier .0575 .0015
NIF Premier Insured .0555 .0025
NPM Premium Income 2 .0575 -
NPT Premium Income 4 .0515 .0030
NPX Insured Premium 2 .0515 -
NAD Dividend Advantage .0655 .0020
NXZ Dividend Advantage 2 .0730 -
NZF Dividend Advantage 3 .0665 .0025
NVG Insured Dividend Advantage .0600 .0025
NEA Insured Tax-Free Advantage .0590 -
NMZ High Income Opportunity Fund .0835 .0020
NMD High Income Opportunity Fund 2 .0800 .0015

California
-----------------------------------
NCP Performance Plus .0580 .0015
NCO Market Opportunity .0585 .0010
NQC Investment Quality .0605 .0020
NVC Select Quality .0605 .0025
NUC Quality Income .0615 .0020
NPC Insured Premium Income .0605 -
NCL Insured Premium Income 2 .0560 .0030
NCU Premium Income .0555 .0020
NAC Dividend Advantage .0630 .0015
NVX Dividend Advantage 2 .0605 .0030
NZH Dividend Advantage 3 .0615 .0025
NKL Insured Dividend Advantage .0620 .0025
NKX Insured Tax-Free Advantage .0590 -

Florida
-----------------------------------
NQF Investment Quality .0570 .0030
NUF Quality Income .0540 .0010
NFL Insured Premium Income .0575 -
NWF Insured Tax-Free Advantage .0530 .0015

New York
-----------------------------------
NNP Performance Plus .0580 -
NQN Investment Quality .0520 -
NVN Select Quality .0545 .0015
NUN Quality Income .0525 .0015
NNF Insured Premium Income .0505 -
NAN Dividend Advantage .0590 .0015
NXK Dividend Advantage 2 .0580 .0010
NKO Insured Dividend Advantage .0550 -
NRK Insured Tax-Free Advantage .0545 -

Other State Funds
------------------------------------
NAZ AZ Premium Income .0530 .0020
NFZ AZ Dividend Advantage .0525 -
NKR AZ Dividend Advantage 2 .0585 -
NXE AZ Dividend Advantage 3 .0545 -
NTC CT Premium Income .0500 .0010
NFC CT Dividend Advantage .0555 -
NGK CT Dividend Advantage 2 .0550 -
NGO CT Dividend Advantage 3 .0500 .0015
NPG GA Premium Income .0515 .0015
NZX GA Dividend Advantage .0550 .0010
NKG GA Dividend Advantage 2 .0530 .0015
NMY MD Premium Income .0515 .0020
NFM MD Dividend Advantage .0585 -
NZR MD Dividend Advantage 2 .0585 -
NWI MD Dividend Advantage 3 .0535 .0010
NMT MA Premium Income .0535 .0020
NMB MA Dividend Advantage .0580 .0015
NGX Insured MA Tax-Free Advantage .0555 .0010
NUM MI Quality Income .0555 -
NMP MI Premium Income .0550 -
NZW MI Dividend Advantage .0585 -
NOM MO Premium Income .0545 -
NQJ NJ Investment Quality .0545 -
NNJ NJ Premium Income .0545 -
NXJ NJ Dividend Advantage .0550 -
NUJ NJ Dividend Advantage 2 .0575 -
NNC NC Premium Income .0505 .0015
NRB NC Dividend Advantage .0580 .0010
NNO NC Dividend Advantage 2 .0540 .0025
NII NC Dividend Advantage 3 .0555 .0010
NUO OH Quality Income .0560 .0010
NXI OH Dividend Advantage .0550 .0010
NBJ OH Dividend Advantage 2 .0545 .0015
NVJ OH Dividend Advantage 3 .0570 .0015
NQP PA Investment Quality .0570 .0020
NPY PA Premium Income 2 .0520 .0025
NXM PA Dividend Advantage .0585 .0015
NVY PA Dividend Advantage 2 .0585 .0010
NTX TX Quality Income .0580 .0010
NPV VA Premium Income .0540 .0010
NGB VA Dividend Advantage .0575 .0010
NNB VA Dividend Advantage 2 .0595 -

Monthly Taxable
Distribution Per Share
-------------------------
Change From
Previous
Closed-End Funds: Amount Month
------------------------------------ -------------------------
Ticker Taxable Funds
------ ------------------------------------

Preferred Securities
------------------------------------
JTP Quality Preferred Income Fund .0775 -
JPS Quality Preferred Income Fund 2 .0820 -
JHP Quality Preferred Income Fund 3 .0795 -

Floating Rate: Corporate Loans
-------------------------------------
NSL Senior Income Fund .0400 (.0025)
JFR Floating Rate Income Fund .0650 (.0095)
JRO Floating Rate Income Opportunity Fund .0690 (.0105)

Floating Rate: Tax Advantaged
-------------------------------------
JFP Tax-Advantaged Floating Rate Fund .0600 (.0020)
*T

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, Rittenhouse, Santa Barbara, Symphony and
Tradewinds. In total, the Company managed $152 billion of assets on
June 30, 2008. For more information, please visit the Nuveen
Investments website at www.nuveen.com.

Nuveen Investments
Kristyna Sujata
312-917-8343
KRISTYNA.SUJATA@NUVEEN.COM

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