Please replace the release dated Dec. 1, 2011 with the following corrected version due to multiple revisions.

The corrected release reads:

SEVERAL NUVEEN CLOSED-END FUNDS DECLARE CAPITAL GAINS

Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that several municipal closed-end funds have declared additional cash distributions with the record, ex-dividend and payable date mentioned below.

These additional cash dividends, which are taxable under the Internal Revenue Code, may include long-term capital gains as well as ordinary income arising from gains upon the sale of securities held for one year or less and, pursuant to the Revenue Reconciliation Act of 1993, market discount realized upon the sale of securities.

The following dates apply to today's distribution declarations:

Record Date     December 15, 2011
Ex-Dividend Date December 13, 2011
Payable Date December 30, 2011
Reinvest Date December 30, 2011
 
    Amount Per Share
Ordinary Income  

Taxable

   Short-Term Long-Term

Income

Capital Gain Capital Gain

Ticker

Closed-End Fund

NMA Advantage .0211 .0096 .1340
NXZ Dividend Advantage 2 .0045 - .1809
NZF Dividend Advantage 3 - - .0380
NAD Dividend Advantage .0061 - .0417
NQU Quality Income - - .0335
NQS Select Quality - - .0759
NXP Select Portfolio .0036 - -
NXR Select Portfolio 3 .0046 - .0430
NNJ NJ Premium Income - - .0105
NXJ NJ Dividend Advantage - - .0054
NUJ NJ Dividend Advantage 2 - - .0087
NPN PA Municipal Value - - .0229
NXM PA Dividend Advantage - - .0645
NVY PA Dividend Advantage 2 - - .0619
NTC CT Premium Income - - .0420
NFC CT Dividend Advantage - - .0427
NGK CT Dividend Advantage 2 - - .0328
NPV VA Premium Income - - .0237
NMT MA Premium Income - - .0511
NQN NY Investment Quality .0082 - .0496
NVN NY Select Quality - - .0283
NUN NY Quality Income - - .0222
NNF NY Insured Premium Income - - .0058
NAN NY Dividend Advantage - - .0059
NKO NY Insured Dividend Advantage - - .0052
NRK NY Insured Tax-Free Advantage - - .0103
NUV Municipal Value .0081 .0030 .0542
NQI Insured Quality .0026 - -
NIO Insured Opportunity - - .0026
NVG Insured Dividend Advantage - - .0413
NMZ High Income Opportunity Fund .0231 - -
NMD High Income Opportunity Fund 2 .0035 - -
NEV Enhanced Municipal Value Fund .0021 - -
 

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, NWQ, Santa Barbara, Symphony, Tradewinds, and Winslow Capital. In total, Nuveen Investments managed $207 billion as of October 31, 2011. For more information, please visit the Nuveen Investments website at www.nuveen.com.

Nuveen Investments
Media Contact:
Kristyna Muñoz
(312) 917-8343
kristyna.munoz@nuveen.com