NGX Nuveen Massachusetts Amt- Free Municipal Income Fund Common Shares of Beneficial Interest

Nuveen Investments, a leading global provider of investment services to institutions as well as high-net-worth and affluent investors, today announced that the Board of 13 insured municipal bond closed-end funds has approved changes to each of these fund’s investment policies.

Over the past few years, most municipal bond insurers have had their credit ratings downgraded and only one insurer is currently insuring new municipal bonds. As a result, the supply of insured municipal securities has decreased dramatically and the long-term viability of the municipal bond insurance market is uncertain.

In response, the Board approved changes to each fund’s investment policies intended to increase the fund’s flexibility regarding the types of securities available for investment.

The changes provide that:

• Each fund will eliminate the investment policy requiring it, under normal circumstances, to invest at least 80 percent of its managed assets in municipal securities that are covered by insurance guaranteeing the timely payment of principal and interest.
• Each fund will continue to invest substantially all (at least 80 percent) of its managed assets in investment grade quality municipal securities.

In connection with the changes in policy, each fund will also change its name as follows:

Current Fund Name

Ticker Symbol (will remain unchanged)

Proposed Fund Name

Nuveen Insured Quality Municipal Fund, Inc. NQI Nuveen Quality Municipal Fund, Inc. Nuveen Insured Municipal Opportunity Fund, Inc. NIO Nuveen Municipal Opportunity Fund, Inc. Nuveen Premier Insured Municipal Income Fund, Inc. NIF Nuveen Premier Municipal Income Fund, Inc. Nuveen Insured Premium Income Municipal Fund 2 NPX Nuveen Premium Income Municipal Fund 2

Nuveen Insured Dividend Advantage Municipal Fund

NVG

Nuveen Dividend Advantage Municipal Income Fund

Nuveen Insured Tax-Free Advantage Municipal Fund NEA Nuveen AMT-Free Municipal Income Fund Nuveen Insured Massachusetts Tax-Free Advantage Municipal Fund NGX Nuveen Massachusetts AMT-Free Municipal Income Fund Nuveen New York Quality Income Municipal Fund, Inc. NUN Nuveen New York Quality Income Municipal Fund, Inc. Nuveen Insured New York Premium Income Municipal Fund, Inc. NNF Nuveen New York Premium Income Municipal Fund, Inc. Nuveen New York Investment Quality Municipal Fund, Inc. NQN Nuveen New York Investment Quality Municipal Fund, Inc. Nuveen New York Select Quality Municipal Fund, Inc. NVN Nuveen New York Investment Quality Municipal Fund, Inc. Nuveen Insured New York Dividend Advantage Municipal Fund NKO Nuveen New York Dividend Advantage Municipal Income Fund Nuveen Insured New York Tax-Free Advantage Municipal Fund NRK Nuveen New York AMT-Free Municipal Income Fund

More information on these and other Nuveen closed-end funds is posted on Nuveen’s web site at www.nuveen.com/cef.

Nuveen Investments provides high quality investment services designed to help secure the long-term goals of institutions, high net worth and affluent investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliates - NWQ, Nuveen Asset Management, Santa Barbara, Symphony, Tradewinds and Winslow Capital. In total, Nuveen Investments had more than $210 billion of assets under management as of June 30, 2011. For more information, please visit the Nuveen Investments website at www.nuveen.com.