Nuveen Commentary on Market Impact on ARPS Refinancing Now Available

Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors today announced updated commentary regarding the impact of recent market volatility on its closed-end funds efforts to refinance auction-rate preferred securities is now available and can be found 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 $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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