Nuveen Closed-End Funds Adopt Share Repurchase Program

Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced the Board of Trustees for each of Nuveens 120 closed-end funds has approved an open-market share repurchase program for each fund. Effective immediately, the following funds may repurchase an aggregate of up to approximately 10% of each funds outstanding common shares in open-market transactions at fund managements discretion.

TickerFund NameApproximate Repurchase Amounts (Shares)
JCE Nuveen Core Equity Alpha Fund 1,645,000
JDD Nuveen Diversified Dividend and Income Fund 2,020,000
JFP Nuveen Tax-Advantaged Floating Rate Fund 1,385,000
JFR Nuveen Floating Rate Income Fund 4,740,000
JGG Nuveen Global Government Enhanced Income Fund 935,000
JGT Nuveen Multi-Currency Short-Term Govt Income Fund 4,445,000
JGV Nuveen Global Value Opportunities Fund 1,935,000
JHP Nuveen Quality Preferred Income Fund 3 2,370,000
JLA Nuveen Equity Premium Advantage Fund 2,610,000
JPC Nuveen Multi-Strategy Income and Growth Fund 9,940,000
JPG Nuveen Equity Premium and Growth Fund 1,655,000
JPS Nuveen Quality Preferred Income fund 2 11,985,000
JPZ Nuveen Equity Premium Income Fund 3,870,000
JQC Nuveen Multi-Strategy Income and Growth Fund 2 13,975,000
JRO Nuveen Floating Rate Income Opportunity Fund 2,840,000
JRS Nuveen Real Estate Income Fund 2,830,000
JSN Nuveen Equity Premium Opportunity Fund 6,655,000
JTA Nuveen Tax-Advantaged Total Return Strategy Fund 1,395,000
JTD Nuveen Tax-Advantaged Dividend Growth Fund 1,475,000
JTP Nuveen Quality Preferred Income Fund 6,455,000
NAC Nuveen California Dividend Advantage Municipal Fund 2,350,000
NAD Nuveen Dividend Advantage Municipal Fund 3,930,000
NAN Nuveen New York Dividend Advantage Municipal Fund 925,000
NAZ Nuveen Arizona Premium Income Municipal Fund, Inc. 445,000
NBJ Nuveen Ohio Dividend Advantage Municipal Fund 2 310,000
NCA Nuveen California Municipal Value Fund, Inc. 2,525,000
NCL Nuveen Insured California Premium Income Municipal Fund 2, Inc. 1,270,000
NCO Nuveen California Municipal Market Opportunity Fund, Inc. 815,000
NCP Nuveen California Performance Plus Municipal Fund, Inc. 1,295,000
NCU Nuveen California Premium Income Municipal Fund 580,000
NEA Nuveen Insured Tax Free Advantage Muni Fund 1,855,000
NFC Nuveen Connecticut Dividend Advantage Municipal Fund 260,000
NFL Nuveen Insured Florida Premium Income Municipal Fund 1,420,000
NFM Nuveen Maryland Dividend Advantage Municipal Fund 420,000
NFZ Nuveen Arizona Dividend Advantage Municipal Fund 155,000
NGB Nuveen Virginia Dividend Advantage Municipal Fund 315,000
NGK Nuveen Connecticut Dividend Advantage Municipal Fund 2 230,000
NGO Nuveen Connecticut Dividend Advantage Muni 3 435,000
NGX Nuveen Insured MA Tax Free Advantage Muni Fund 270,000
NIF Nuveen Premier Insured Municipal Income Fund, Inc. 1,940,000
NII Nuveen North Carolina Dividend Advantage Muni 3 395,000
NIM Nuveen Massachusetts Insured Municipal Bond Fund 1,240,000
NIO Nuveen Insured Municipal Opportunity Fund, Inc. 8,115,000
NKG Nuveen Georgia Dividend Advantage Muni 2 455,000
NKL Nuveen Insured California Dividend Advantage Municipal Fund 1,530,000
NKO Nuveen Insured New York Dividend Advantage Municipal Fund 795,000
NKR Nuveen Arizona Dividend Advantage Municipal Fund 2 245,000
NKX Nuveen Insured CA Tax Free Advantage Muni Fund 590,000
NMA Nuveen Municipal Advantage Fund, Inc. 4,320,000
NMB Nuveen Massachusetts Dividend Advantage Municipal Fund 195,000
NMD Nuveen Muni High Income Opportunity 2 1,580,000
NMI Nuveen Municipal Income Fund, Inc. 815,000
NMO Nuveen Municipal Market Opportunity Fund, Inc. 4,555,000
NMP Nuveen Michigan Premium Income Municipal Fund, Inc. 775,000
NMT Nuveen Massachusetts Premium Income Municipal Fund 475,000
NMY Nuveen Maryland Premium Income Municipal Fund 1,065,000
NMZ Nuveen Muni High Income Opportunity Fund 2,385,000
NNB Nuveen Virginia Dividend Advantage Municipal Fund 2 575,000
NNC Nuveen North Carolina Premium Income Municipal Fund 635,000
NNF Nuveen Insured New York Premium Income Municipal Fund, Inc. 835,000
NNJ Nuveen New Jersey Premium Income Municipal Fund, Inc. 1,205,000
NNO Nuveen New York Municipal Market Opportunity Fund 375,000
NNP Nuveen New York Performance Plus Municipal Fund, Inc. 1,505,000
NNY Nuveen New York Municipal Value Fund, Inc. 1,510,000
NOM Nuveen Missouri Premium Income Municipal Fund 230,000
NPC Nuveen Insured California Premium Income Municipal Fund, Inc. 645,000
NPF Nuveen Premier Municipal Income Fund, Inc. 1,990,000
NPG Nuveen Georgia Premium Income Municipal Fund 380,000
NPI Nuveen Premium Income Municipal Fund, Inc. 6,380,000
NPM Nuveen Premium Income Municipal Fund 2, Inc. 4,080,000
NPP Nuveen Performance Plus Municipal Fund, Inc. 5,990,000
NPT Nuveen Premium Income Municipal Fund 4, Inc. 4,325,000
NPV Nuveen Virginia Premium Income Municipal Fund 895,000
NPX Nuveen Insured Premium Income Municipal Fund 2 3,735,000
NPY Nuveen Pennsylvania Premium Income Municipal Fund 2 1,565,000
NQC Nuveen California Investment Quality Municipal Fund, Inc. 1,360,000
NQF Nuveen Florida Investment Quality Municipal Fund 1,635,000
NQI Nuveen Insured Quality Municipal Fund, Inc. 3,830,000
NQJ Nuveen New Jersey Investment Quality Municipal Fund, Inc. 2,050,000
NQM Nuveen Investment Quality Municipal Fund, Inc. 3,580,000
NQN Nuveen New York Investment Quality Municipal Fund, Inc. 1,760,000
NQP Nuveen Pennsylvania Investment Quality Municipal Fund 1,615,000
NQS Nuveen Select Quality Municipal Fund, Inc. 3,400,000
NQU Nuveen Quality Income Municipal Fund, Inc. 5,420,000
NRB Nuveen North Carolina Dividend Advantage Municipal Fund 225,000
NRK Nuveen Insured NY Tax Free Advantage Muni Fund 350,000
NSL Nuveen Senior Income Fund 2,985,000
NTC Nuveen Connecticut Premium Income Municipal Fund 535,000
NTX Nuveen Texas Quality Income Municipal Fund 950,000
NUC Nuveen California Quality Income Municipal Fund, Inc. 2,200,000
NUF Nuveen Florida Quality Income Municipal Fund 1,415,000
NUJ Nuveen New Jersey Quality Income Municipal Fund 450,000
NUM Nuveen Michigan Quality Income Municipal Fund, Inc. 1,170,000
NUN Nuveen New York Quality Income Municipal Fund, Inc. 2,390,000
NUO Nuveen Ohio Quality Income Municipal Fund, Inc. 975,000
NUV Nuveen Municipal Value Fund, Inc. 19,540,000
NVC Nuveen California Select Quality Municipal Fund, Inc. 2,315,000
NVG Nuveen Insured Dividend Advantage Municipal Fund 2,980,000
NVJ Nuveen Ohio Dividend Advantage Municipal Fund 3 215,000
NVN Nuveen New York Select Quality Municipal Fund, Inc. 2,330,000
NVX Nuveen California Dividend Advantage Municipal Fund 2 1,480,000
NVY Nuveen Pennsylvania Dividend Advantage Municipal Fund 2 375,000
NWF Nuveen Insured Florida Tax Free Advantage Muni Fund 390,000
NWI Nuveen Maryland Dividend Advantage Muni 3 535,000
NXC Nuveen Insured California Select Tax-Free Income Portfolio 625,000
NXE Nuveen Arizona Dividend Advantage Muni Fund 3 305,000
NXI Nuveen Ohio Dividend Advantage Municipal Fund 425,000
NXJ Nuveen New Jersey Dividend Advantage Municipal Fund 660,000
NXK Nuveen New York Dividend Advantage Municipal Fund 2 650,000
NXM Nuveen Pennsylvania Dividend Advantage Municipal Fund 335,000
NXN Nuveen Insured New York Select Tax-Free Income Portfolio 390,000
NXP Nuveen Select Tax-Free Income Portfolio 1,640,000
NXQ Nuveen Select Tax-Free Income Portfolio 2 1,760,000
NXR Nuveen Select Tax-Free Income Portfolio 3 1,295,000
NXZ Nuveen Dividend Advantage Municipal Fund 2 2,940,000
NZF Nuveen Dividend Advantage Municipal Fund 3 4,040,000
NZH Nuveen California Dividend Advantage Municipal Fund 3 2,415,000
NZR Nuveen Maryland Dividend Advantage Municipal Fund 2 420,000
NZW Nuveen Michigan Dividend Advantage Municipal Fund 205,000
NZX Nuveen Georgia Dividend Advantage Municipal Fund 195,000

All of these funds are designed for investors seeking attractive regular distributions. In the case of the municipal funds, these regular income distributions are exempt from regular federal income taxes and, in the case of single-state municipal funds, from specific state income taxes as well, although a portion of the regular distributions paid by certain municipal bond funds may be subject to the federal alternative minimum tax (AMT). All funds are managed by Nuveen Asset Management, a leading manager of closed-end funds that seek to offer regular attractive distributions fueled by a wide variety of investment strategies.

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, Nuveen Investments managed $153 billion of assets on March 31, 2008.

Contacts:

Nuveen Investments
Kathleen Cardoza
312-917-7813
kathleen.cardoza@nuveen.com
or
Kristyna Sujata
312-917-8343
kristyna.sujata@nuveen.com
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