NWF Nuveen Ins FL TX FR Adv Mun

Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced that 111 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           September 15, 2009 Ex-Dividend Date September 11, 2009 Payable Date October 1, 2009     Monthly Tax-Free Distribution Per Share

Amount

 

Change FromPrevious Month

Ticker

Closed-End Portfolios

  NXP Select Portfolio $.0595 .0025 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 .0025 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 .0020 NPP Performance Plus .0720 .0040 NMA Advantage .0760 .0045 NMO Market Opportunity .0740 .0050 NQM Investment Quality .0700 .0065 NQI Insured Quality .0680 .0055 NQS Select Quality .0750 .0010 NQU Quality Income .0720 .0035 NIO Insured Opportunity .0665 .0060 NPF Premier .0660 .0030 NIF Premier Insured .0660 .0025 NPM Premium Income 2 .0720 .0030 NPT Premium Income 4 .0660 .0045 NPX Insured Premium 2 .0610 .0015 NAD Dividend Advantage .0740 .0025 NXZ Dividend Advantage 2 .0780 .0050 NZF Dividend Advantage 3 .0745 .0010 NVG Insured Dividend Advantage .0700 .0055 NEA Insured Tax-Free Advantage .0650 .0030 NMZ High Income Opportunity Fund .0835 - NMD High Income Opportunity Fund 2 .0800 -

California

NCP Performance Plus .0690 .0035 NCO Market Opportunity .0730 .0055 NQC Investment Quality .0720 .0035 NVC Select Quality .0750 .0040 NUC Quality Income .0750 .0015 NPC Insured Premium Income .0630 .0015 NCL Insured Premium Income 2 .0670 .0020 NCU Premium Income .0620 .0050 NAC Dividend Advantage .0680 .0015 NVX Dividend Advantage 2 .0760 .0065 NZH Dividend Advantage 3 .0700 .0025 NKL Insured Dividend Advantage .0705 .0010 NKX Insured Tax-Free Advantage .0650 .0020

Florida

NQF Investment Quality .0670 .0060 NUF Quality Income .0580 .0030 NFL Insured Premium Income .0600 .0025 NWF Insured Tax-Free Advantage .0560 .0020

New York

NNP Performance Plus .0670 .0025 NQN Investment Quality .0625 .0010 NVN Select Quality .0620 .0025 NUN Quality Income .0610 .0020 NNF Insured Premium Income .0560 .0010 NAN Dividend Advantage .0645 .0010 NXK Dividend Advantage 2 .0655 .0010 NKO Insured Dividend Advantage .0635 .0015 NRK Insured Tax-Free Advantage .0580 .0035

Other State Funds

NAZ AZ Premium Income .0570 .0030 NFZ AZ Dividend Advantage .0540 .0015 NKR AZ Dividend Advantage 2 .0595 .0010 NXE AZ Dividend Advantage 3 .0590 .0045 NTC CT Premium Income .0580 .0045 NFC CT Dividend Advantage .0600 .0030 NGK CT Dividend Advantage 2 .0620 .0030 NGO CT Dividend Advantage 3 .0560 .0050 NPG GA Premium Income .0550 .0025 NZX GA Dividend Advantage .0610 .0050 NKG GA Dividend Advantage 2 .0580 .0050 NMY MD Premium Income .0620 .0040 NFM MD Dividend Advantage .0630 .0030 NZR MD Dividend Advantage 2 .0630 .0030 NWI MD Dividend Advantage 3 .0620 .0040 NMT MA Premium Income .0640 .0030 NMB MA Dividend Advantage .0630 .0030 NGX Insured MA Tax-Free Advantage .0600 .0035 NUM MI Quality Income .0620 .0035 NMP MI Premium Income .0610 .0045 NZW MI Dividend Advantage .0620 .0055 NOM MO Premium Income .0560 .0015 NQJ NJ Investment Quality .0630 .0030 NNJ NJ Premium Income .0620 .0040 NXJ NJ Dividend Advantage .0610 .0020 NUJ NJ Dividend Advantage 2 .0650 .0030 NNC NC Premium Income .0590 .0040 NRB NC Dividend Advantage .0680 .0060 NNO NC Dividend Advantage 2 .0640 .0055 NII NC Dividend Advantage 3 .0620 .0055 NUO OH Quality Income .0680 .0035 NXI OH Dividend Advantage .0640 .0020 NBJ OH Dividend Advantage 2 .0630 .0050 NVJ OH Dividend Advantage 3 .0670 .0035 NQP PA Investment Quality .0640 .0010 NPY PA Premium Income 2 .0645 .0055 NXM PA Dividend Advantage .0660 .0050 NVY PA Dividend Advantage 2 .0690 .0055 NTX TX Quality Income .0670 .0050 NPV VA Premium Income .0650 .0045 NGB VA Dividend Advantage .0640 .0020 NNB VA Dividend Advantage 2 .0660 .0040  

Closed-End Funds:

 

Amount

 

Change FromPrevious Month

Ticker

Taxable Funds

 

Preferred Securities

  JTP Quality Preferred Income Fund .0480 (.0040) JPS Quality Preferred Income Fund 2 .0540 (.0080) JHP Quality Preferred Income Fund 3 .0510 (.0030)

Floating Rate: Corporate Loans

NSL Senior Income Fund .0370 .0035 JFR Floating Rate Income Fund .0450 .0040 JRO Floating Rate Income Opportunity Fund .0550 .0050

Floating Rate: Tax Advantaged

JFP Tax-Advantaged Floating Rate Fund .0220* (.0070)

* 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.