Nuveen Investments to Discuss Potential Solutions to the Auction-Rate Preferred Securities Crisis With House Panel

Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced that it has been asked to share with Congress its perspective on the challenges facing the auction-rate preferred securities market and on regulatory changes that could accelerate progress on reaching a solution. Nuveen, along with other industry leaders and participants, will speak before the House Committee on Financial Services, chaired by Representative Barney Frank (D-MA), on Thursday, September 18, 2008.

For more information about Nuveen closed-end funds, visit www.nuveen.com/cef. Auction-Rate Preferred Securities (ARPS) information and updates are posted on Nuveens auction-rate preferred resource center at www.nuveen.com/arps.

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, the Company managed $152 billion of assets on June 30, 2008.

Contacts:

Nuveen Investments
Kathleen Cardoza, 312-917-7813
KATHLEEN.CARDOZA@NUVEEN.COM
Christopher Allen, 312-917-8331
CHRISTOPHER.ALLEN@NUVEEN.COM
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