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Newly Merged Nuveen Closed-End Funds Declare Post-Merger Distributions



  Newly Merged Nuveen Closed-End Funds Declare Post-Merger Distributions

Declaration Ensures Shareholders Receive Full Tax-Exempt Distribution Amount

Business Wire

CHICAGO -- April 8, 2013

Nuveen Investments, a leading global provider of investment services to
institutions as well as individual investors, today announced that the Nuveen
Ohio Quality Income Municipal Fund (NYSE: NUO) and Nuveen Arizona Premium
Income Municipal Fund (NYSE: NAZ) have declared additional, post-merger
distributions. These distributions follow the recently announced merger, which
was successfully completed before the market open on April 8, 2013.

First, NUO today declared an additional distribution on its common shares. The
following dates apply to today’s NUO common share distribution:

Record Date        April 18, 2013                      
Ex-Dividend Date   April 16, 2013
Payable Date       May 1, 2013
Reinvest Date      May 1, 2013                          Distribution Per Share
                                                        Tax Exempt
                                                        Amount
Ticker             Closed-End Portfolios
NUO                Nuveen Ohio Quality Income           $.0279
                   Municipal Fund
                                                         

The purpose of this additional distribution is to ensure that shareholders
will not experience a reduced monthly tax-exempt distribution amount. When
combined with pre-merger distributions, declared March 26, 2013 payable May 1,
2013, all shareholders from funds participating in the Ohio merger will
receive a total dollar amount equal to or greater than the tax-exempt income
declared by their original fund in the previous month. To view the pre-merger
dividend declaration, please click here.

In addition, for both the Arizona and Ohio mergers, Muni-Term Preferred (MTP)
shares of acquired funds were replaced by newly issued shares of MTP from the
acquiring fund with substantially similar terms. The initial distribution for
these new MTP shares is prorated for the period April 8, 2013 through April
30, 2013.

The following dates apply to today's distribution declarations for the
following MTP Shares issued by NAZ and NUO:

Record Date        April 18, 2013                       
Ex-Dividend Date   April 16, 2013
Payable Date       May 1, 2013
Ticker             MuniFund Term Preferred               Tax-Free Distribution
                                                         Per Share
NAZ PrC            Nuveen Arizona Premium Income         .013097
                   Municipal Fund MTP
NAZ PrD            Nuveen Arizona Premium Income         .018528
                   Municipal Fund MTP
NUO PrA            Nuveen Ohio Quality Income            .015014
                   Municipal Fund MTP
NUO PrC            Nuveen Ohio Quality Income            .015014
                   Municipal Fund MTP
NUO PrD            Nuveen Ohio Quality Income            .018847
                   Municipal Fund MTP
                                                          

Monthly distributions from Nuveen's municipal closed-end funds and portfolios
are generally exempt from regular Federal income taxes, and monthly
distributions 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 distributions of the
municipal funds and portfolios may be subject to the Federal Alternative
Minimum Tax for some shareholders.*

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, LLC, Symphony Asset Management LLC, NWQ
Investment Management Company, LLC, Santa Barbara Asset Management, LLC,
Tradewinds Global Investors, LLC, Winslow Capital Management, LLC and Gresham
Investment Management LLC all of which are registered investment advisers and
subsidiaries of Nuveen Investments, Inc. In total, Nuveen Investments managed
approximately $219 billion as of December 31, 2012. For more information,
please visit the Nuveen Investments website at www.nuveen.com.

*Nuveen does not provide tax advice; consult a professional tax advisor
regarding your specific tax situation.

Contact:

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