December 02, 2008 at 15:50 PM EST
Nuveen Leveraged Closed-End Funds Publish Updated Asset Coverage Levels as of November 28, 2008

Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced that updated preferred share asset coverage levels have been posted to the closed-end fund portion of the Nuveen web site. This information is current as of November 28, 2008 for Nuveen’s 100 closed-end funds that use leverage in the form of auction-rate preferred securities (ARPS), and variable-rate demand preferred (VRDP), and can be found at http://www.nuveen.com/viewdoc.aspx?id=42890 .

The Investment Company Act of 1940 (’40 Act) requires that funds using leverage must maintain a minimum asset coverage level of 200% for equity leverage. Failure to meet this coverage level can prevent a fund from declaring distributions to common shareholders until the fund’s asset coverage level exceeds the ’40 Act minimum coverage level. As of November 28, 2008, all leveraged Nuveen closed-end funds have preferred share asset coverage levels exceeding 200%.

Nuveen publishes its funds’ asset coverage levels monthly, shortly after each month end. This information is available at each fund’s information page on the www.nuveen.com/cef web site, as well as at the 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 $134 billion of assets on September 30, 2008. For more information, please visit the Nuveen Investments website at www.nuveen.com.

Contacts:

Nuveen Investments
Kristyna Sujata
312-917-8343
KRISTYNA.SUJATA@NUVEEN.COM
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