Nuveen Investments, a leading provider of diversified investment services, today announced 105 Nuveen closed-end funds and portfolios have declared regular monthly dividends and distributions. These funds represent a broad range of tax-exempt and taxable fixed and floating rate income investment strategies for investors seeking to build sophisticated and diversified long-term investment portfolios for cash flow.

The funds' distributions are declared below and are payable May 1, 2007 to shareholders of record as of April 15, 2007.

Nuveen recently announced 11 taxable closed-end funds will move to a quarterly distribution schedule. This move reflects an effort to reduce the administrative costs to shareholders associated with these funds, resulting from regulations requiring the Fund to provide shareholders with a written statement of distribution source estimates and other information mailed with each distribution payment. The funds moving to a quarterly distribution include:

Nuveen Real Estate Income Fund (JRS)
Nuveen Preferred and Convertible Income Fund (JPC)
Nuveen Preferred and Convertible Income Fund 2 (JQC)
Nuveen Diversified Dividend and Income Fund (JDD)
Nuveen Tax-Advantaged Total Return Strategy Fund (JTA)
Nuveen Equity Premium Income Fund (JPZ)
Nuveen Equity Premium Opportunity Fund (JSN)
Nuveen Equity Premium Advantage Fund (JLA)
Nuveen Equity Premium and Growth Fund (JPG)
Nuveen Global Government Enhanced Income Fund (JGG)
Nuveen Global Value Opportunities Fund (JGV)

For more complete information on the affected funds' new distribution schedule visit www.nuveen.com/cef

Monthly dividends from Nuveen's municipal closed-end funds and portfolios are exempt from regular Federal income taxes, and monthly dividends of single-state municipal funds and portfolios are also exempt from state and, in some cases, local income taxes for in-state residents. Unless otherwise stated in the funds' objectives, monthly dividends of the municipal funds and portfolios may be subject to the Federal Alternative Minimum Tax for some shareholders.

All of Nuveen's funds seek to pay stable dividends or distributions at rates that reflect each fund's past results and projected future performance. During certain periods, each fund may pay dividends at a rate that may be more or less than the amount of net investment income actually earned by the fund during the period. If a fund cumulatively earned more than it has paid in dividends, it holds the excess in reserve as undistributed net investment income (UNII) as part of the fund's net asset value (NAV). Conversely, if a fund has cumulatively paid dividends in excess of its earnings, the excess constitutes negative UNII that is likewise reflected in the fund's NAV. Each fund will, over time, pay all of its net investment income as dividends to shareholders. The funds' positive or negative UNII balances are disclosed from time to time in their periodic shareholder reports, and are also on www.nuveen.com/cef

Dividends and distributions from Nuveen's taxable closed-end funds are generally subject to Federal income taxes. Additionally, smaller portions of the monthly dividend for the Nuveen Quality Preferred Income Fund (JTP), Nuveen Quality Preferred Income Fund 2 (JPS) and Nuveen Quality Preferred Income Fund 3 (JHP) may later be characterized as capital gains and/or a return of capital depending on the character of dividends reported to these funds after year-end by real estate investment trusts (REITs) whose securities are held by the fund.

The following dates apply to today's dividend and distribution declarations:

© Business Wire - 2007
 
 
Record Date April 15, 2007
Ex-Dividend Date April 11, 2007
Payable Date May 1, 2007
Tax-Free Dividends Per Share
Change From 
Amount Previous Month
TickerClosed-End Portfolios
NXP Select Portfolio $.0570 
NXQ Select Portfolio 2 .0530 
NXR Select Portfolio 3 .0535 
NXC CA Select Portfolio .0530 
NXN NY Select Portfolio .0510 
 
Closed-End Funds:
Non-Leveraged Funds
NUV Municipal Value .0390 
NCA CA Municipal Value .0385 
NNY NY Municipal Value .0355 
NMI Municipal Income .0420 
NIM Select Maturities .0365 
 
Leveraged Funds
National
NPI Premium Income .0590 
NPP Performance Plus .0640 
NMA Advantage .0715 
NMO Market Opportunity .0635 
NQM Investment Quality .0675 
NQI Insured Quality .0605 
NQS Select Quality .0705 
NQU Quality Income .0635 
NIO Insured Opportunity .0615 
NPF Premier .0560 
NIF Premier Insured .0610 
NPM Premium Income 2 .0575 
NPT Premium Income 4 .0545 
NPX Insured Premium 2 .0540 
NAD Dividend Advantage .0665 
NXZ Dividend Advantage 2 .0765 
NZF Dividend Advantage 3 .0705 
NVG Insured Dividend Advantage .0640 
NEA Insured Tax-Free Advantage .0590 
NMZ High Income Opportunity Fund .0815 
 
California
NCP Performance Plus .0595 
NCO Market Opportunity .0640 
NQC Investment Quality .0585 
NVC Select Quality .0610 
NUC Quality Income .0625 
NPC Insured Premium Income .0605 
NCL Insured Premium Income 2 .0560 
NCU Premium Income .0565 
NAC Dividend Advantage .0650 
NVX Dividend Advantage 2 .0630 
NZH Dividend Advantage 3 .0630 
NKL Insured Dividend Advantage .0650 
NKX Insured Tax-Free Advantage .0590 
 
Florida
NQF Investment Quality .0575 
NUF Quality Income .0550 
NFL Insured Premium Income .0605 
NWF Insured Tax-Free Advantage .0545 
 
New York
NNP Performance Plus .0640 
NQN Investment Quality .0555 
NVN Select Quality .0595 
NUN Quality Income .0540 
NNF Insured Premium Income .0570 
NAN Dividend Advantage .0630 
NXK Dividend Advantage 2 .0630 
NKO Insured Dividend Advantage .0615 
NRK Insured Tax-Free Advantage .0545 
 
Other State Funds
NAZ AZ Premium Income .0510 
NFZ AZ Dividend Advantage .0585 
NKR AZ Dividend Advantage 2 .0615 
NXE AZ Dividend Advantage 3 .0545 
NTC CT Premium Income .0520 
NFC CT Dividend Advantage .0580 
NGK CT Dividend Advantage 2 .0580 
NGO CT Dividend Advantage 3 .0520 
NPG GA Premium Income .0530 
NZX GA Dividend Advantage .0600 
NKG GA Dividend Advantage 2 .0530 
NMY MD Premium Income .0550 
NFM MD Dividend Advantage .0615 
NZR MD Dividend Advantage 2 .0615 
NWI MD Dividend Advantage 3 .0555 
NMT MA Premium Income .0535 
NMB MA Dividend Advantage .0595 
NGX Insured MA Tax-Free Advantage .0525 
NUM MI Quality Income .0590 
NMP MI Premium Income .0580 
NZW MI Dividend Advantage .0645 
NOM MO Premium Income .0575 
NQJ NJ Investment Quality .0545 
NNJ NJ Premium Income .0575 
NXJ NJ Dividend Advantage .0620 
NUJ NJ Dividend Advantage 2 .0660 
NNC
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