NNO Nuveen North Carolina Dividend Advantage Municipal Fund 2 Common Shares of Beneficial Interest

Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced the following funds have declared additional cash distributions with the record, ex-dividend and payable dates mentioned below.

The following dates apply to today’s distribution declarations:

Record Date         December 15, 2009 Ex-Dividend Date December 11, 2009 Payable Date December 31, 2009   Amount Per Share Ordinary   Short-Term   Long-Term Income Capital Gain Capital Gain   NPP Performance Plus Municipal Fund .0004 - .0136 NMA Municipal Advantage Fund .0014 - .0654 NQS Select Quality Municipal Fund - - .0152 NQU Quality Income Municipal Fund .0015 - - NXZ Dividend Advantage Municipal Fund 2 .0139 - - NZF Dividend Advantage Municipal Fund 3 .0014 .0182 .0449 NVG Insured Dividend Advantage - - .0409 NMZ Muni High Income Opportunity Fund .0043 - - NTC CT Premium Income Fund - - .0041 NMB MA Dividend Advantage Municipal Fund - .0283 - NNJ NJ Premium Income Fund - .0082 .0086 NXJ NJ Dividend Advantage Municipal Fund - - .0072 NUJ NJ Dividend Advantage Municipal Fund 2 - - .0257 NNP NY Performance Plus Fund - - .0154 NAN NY Dividend Advantage Municipal Fund - - .0431 NXK NY Dividend Advantage Municipal Fund 2 .0008 - .0076 NKO Insured NY Dividend Advantage Fund - .0007 .0019 NRK Ins NY Tax-Free Advantage Municipal Fund - .0245 .0407 NNO NC Dividend Advantage Municipal Fund 2 - - .0023 NPY PA Premium Income Fund 2 .0055 - - NXM PA Dividend Advantage Municipal Fund - - .0398 NVY PA Dividend Advantage Municipal Fund 2 - .0079 .0584 NTX TX Quality Income Fund - .0002 .0118 NPV VA Premium Income Fund .0267 - - NNB VA Dividend Advantage Municipal Fund 2 .0037 - - NUV Municipal Value Fund, Inc. .0019 - .0051 NUW Municipal Value Fund 2 - .0097 - NEV Enhanced Municipal Value Fund - .0009 - NMD Municipal High Income Opportunity Fund 2 .0037 - - NXR Select Tax-Free Income Portfolio 3 - - .0010 NXP Select Tax-Free Income Portfolio .0160 - - NNY New York, Municipal Value Fund, Inc. - .0050 .0173

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 $141 billion of assets on September 30, 2009. For more information, please visit the Nuveen Investments website at www.nuveen.com.