Nuveen Closed-End Funds Declare Monthly Distributions

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CHICAGO--(Business Wire)--
Nuveen Investments, a leading global provider of investment services to
institutions and high-net-worth investors, today announced that 107 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 November 15, 2009
Ex-Dividend Date November 11, 2009
Payable Date December 1, 2009

Monthly Tax-Free Distribution Per Share
Amount Change From
Previous Month
Ticker Closed-End Portfolios
NXP Select Portfolio $.0595 -
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 .0470 -
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 .0700 -
NPP Performance Plus .0720 -
NMA Advantage .0760 -
NMO Market Opportunity .0740 -
NQM Investment Quality .0700 -
NQI Insured Quality .0680 -
NQS Select Quality .0750 -
NQU Quality Income .0720 -
NIO Insured Opportunity .0665 -
NPF Premier .0660 -
NIF Premier Insured .0660 -
NPM Premium Income 2 .0720 -
NPT Premium Income 4 .0660 -
NPX Insured Premium 2 .0610 -
NAD Dividend Advantage .0740 -
NXZ Dividend Advantage 2 .0780 -
NZF Dividend Advantage 3 .0745 -
NVG Insured Dividend Advantage .0700 -
NEA Insured Tax-Free Advantage .0650 -
NMZ High Income Opportunity Fund .0835 -
NMD High Income Opportunity Fund 2 .0800 -
California
NCP Performance Plus .0690 -
NCO Market Opportunity .0730 -
NQC Investment Quality .0720 -
NVC Select Quality .0750 -
NUC Quality Income .0750 -
NPC Insured Premium Income .0630 -
NCL Insured Premium Income 2 .0670 -
NCU Premium Income .0620 -
NAC Dividend Advantage .0680 -
NVX Dividend Advantage 2 .0760 -
NZH Dividend Advantage 3 .0700 -
NKL Insured Dividend Advantage .0705 -
NKX Insured Tax-Free Advantage .0650 -
New York -
NNP Performance Plus .0670 -
NQN Investment Quality .0625 -
NVN Select Quality .0620 -
NUN Quality Income .0610 -
NNF Insured Premium Income .0560 -
NAN Dividend Advantage .0645 -
NXK Dividend Advantage 2 .0655 -
NKO Insured Dividend Advantage .0635 -
NRK Insured Tax-Free Advantage .0580 -
Other State Funds
NAZ AZ Premium Income .0570 -
NFZ AZ Dividend Advantage .0540 -
NKR AZ Dividend Advantage 2 .0595 -
NXE AZ Dividend Advantage 3 .0590 -
NTC CT Premium Income .0580 -
NFC CT Dividend Advantage .0600 -
NGK CT Dividend Advantage 2 .0620 -
NGO CT Dividend Advantage 3 .0560 -
NPG GA Premium Income .0550 -
NZX GA Dividend Advantage .0610 -
NKG GA Dividend Advantage 2 .0580 -
NMY MD Premium Income .0620 -
NFM MD Dividend Advantage .0630 -
NZR MD Dividend Advantage 2 .0630 -
NWI MD Dividend Advantage 3 .0620 -
NMT MA Premium Income .0640 -
NMB MA Dividend Advantage .0630 -
NGX Insured MA Tax-Free Advantage .0600 -
NUM MI Quality Income .0620 -
NMP MI Premium Income .0610 -
NZW MI Dividend Advantage .0620 -
NOM MO Premium Income .0560 -
NQJ NJ Investment Quality .0630 -
NNJ NJ Premium Income .0620 -
NXJ NJ Dividend Advantage .0610 -
NUJ NJ Dividend Advantage 2 .0650 -
NNC NC Premium Income .0590 -
NRB NC Dividend Advantage .0680 -
NNO NC Dividend Advantage 2 .0640 -
NII NC Dividend Advantage 3 .0620 -
NUO OH Quality Income .0680 -
NXI OH Dividend Advantage .0640 -
NBJ OH Dividend Advantage 2 .0630 -
NVJ OH Dividend Advantage 3 .0670 -
NQP PA Investment Quality .0640 -
NPY PA Premium Income 2 .0645 -
NXM PA Dividend Advantage .0660 -
NVY PA Dividend Advantage 2 .0690 -
NTX TX Quality Income .0670 -
NPV VA Premium Income .0650 -
NGB VA Dividend Advantage .0640 -
NNB VA Dividend Advantage 2 .0660 -

Closed-End Funds: Amount Change From
Previous Month
Ticker Taxable Funds
Preferred Securities

JTP Quality Preferred Income Fund .0480 -
JPS Quality Preferred Income Fund 2 .0540 -
JHP Quality Preferred Income Fund 3 .0510 -
Floating Rate: Corporate Loans
NSL Senior Income Fund .0370 -
JFR Floating Rate Income Fund .0450 -
JRO Floating Rate Income Opportunity Fund .0550 -
Floating Rate: Tax Advantaged
JFP Tax-Advantaged Floating Rate Fund .0220* -

* 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.

Nuveen Investments
Media Contact:
Kristyna Sujata, 312-917-8343
Kristyna.Sujata@nuveen.com

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