Nuveen Closed-End Funds Declare Monthly Dividends and Distributions.

CHICAGO -- 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' monthly distributions are declared below.

On March 1, 2007, Nuveen announced 11 taxable closed-end funds will move to a quarterly distribution schedule. Quarterly distributions are expected to be declared and announced on June 1, 2007 and paid on July 2, 2007. For more complete information on the affected funds' new distribution schedule visit

http://www.nuveen.com/etf/web_files/Closed-End%20Exchange-traded%2 0Funds/March%201%20Dividend%20Release.pdf (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)

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:

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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 NWQ, Nuveen, Santa Barbara, Tradewinds, Rittenhouse and Symphony. In total, the Company manages $166 billion in assets as of March 31, 2007. Nuveen Investments is listed on the New York Stock Exchange and trades under the symbol "JNC."