Closed-End ETF Leader Nuveen Investments Broadens Investor Reach with Dual Listing On NASDAQ.

CHICAGO -- Listing of New Equity Index Option Fund Represents First Such Partnership with the NASDAQ Market

Nuveen Investments, a leading provider of diversified investment services, today announced it has begun a dual listing on NASDAQ for the Nuveen Equity Premium Advantage Fund. The fund now trades on both the New York Stock Exchange and NASDAQ.

The fund employs an equity-based S&P 500 index options strategy to achieve a high level of current income and gains from net index option premiums. The Nuveen Equity Premium Advantage Fund (NASDAQ:JLA) (NYSE:JLA) utilizes the NASDAQ-100 Index(R) in addition to the S&P 500 to provide investors a risk-managed equity-based strategy that has the potential to generate high levels of consistent cash flow and to provide some appreciation over time. The fund raised more than $470 million in its initial public offerings.

A recognized leader in closed-end exchange-traded funds, Nuveen Investments is known for its innovative, high-quality products and services. The firm's equity-based index option funds add to the firm's cutting-edge strategies for providing investors with risk-managed income products. Nuveen Investments' other closed-end ETF strategies include: floating rate, preferred, REIT, multi-strategy, and tax-exempt funds.

"We're pleased to dual list this fund with NASDAQ, because it affords us an opportunity to reach out to a broader cross-section of investors interested in closed-end exchange-traded funds," says Bill Adams, Executive Vice President, Nuveen Investments. "The intent of listing the fund with NASDAQ is to see an increased level of trading volume with even tighter bid and ask spreads, which we believe would benefit shareholders of the fund."

Commenting on this new partnership, Bruce Aust, Executive Vice President of NASDAQ's Corporate Client Group, adds, "We are pleased that a major financial institution such as Nuveen Investments has decided to dual list this new closed-end fund on NASDAQ. Our market will provide investors in the fund with the benefits of a fast, open and transparent trading platform."

NASDAQ(R) is the largest electronic screen-based equity securities market in the United States. With approximately 3,200 companies, it lists more companies and, on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom at www.nasdaq.com/newsroom/.

Nuveen Investments provides high-quality investment services designed to help secure long-term client goals. The Company serves institutional clients, financial advisors and high-net-worth investors. The firm's asset management capabilities are marketed through four distinct brands, each with an independent investment team and area of expertise: Nuveen, focused on fixed-income investments; NWQ, specializing in value-style equities; Rittenhouse, dedicated to blue chip growth equities; and Symphony, with expertise in alternative investments and structured equity and income portfolios. In total, the Company manages $124 billion in assets. Nuveen Investments, Inc. is listed on the New York Stock Exchange and trades under the symbol "JNC."