The Nuveen Tax-Advantaged Floating Rate Fund (NYSE MKT: JFP) today announced that an updated investor Q&A has been posted, providing new details on the recently approved action to liquidate the fund and distribute the assets to shareholders of the fund. The fund now expects to make a single liquidating distribution to shareholders in cash. The updated information about this action and the liquidation process can be found in the JFP Liquidation Q&A by clicking here.

Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutional and individual investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliates--Nuveen Asset Management, Symphony Asset Management, NWQ Investment Management Company, Santa Barbara Asset Management, Tradewinds Global Investors, Winslow Capital Management, and Gresham Investment Management. In total, Nuveen Investments managed approximately $227 billion as of March 31, 2012. For more information, please visit the Nuveen Investments website at www.nuveen.com.

MEDIA CONTACT:
Nuveen Investments
Kristyna Munoz, (312) 917-8343
kristyna.munoz@nuveen.com