Three Nuveen Closed-End Funds Issue Redemption Notices for MuniFund Term Preferred Shares

  Three Nuveen Closed-End Funds Issue Redemption Notices for MuniFund Term
  Preferred Shares

Business Wire

CHICAGO -- August 7, 2013

Nuveen Investments, a leading global provider of investment services to
institutions as well as individual investors, today announced that three
municipal bond closed-end funds have filed with the Securities and Exchange
Commission a notice of intention to redeem all of the outstanding MuniFund
Term Preferred (MTP) shares for each of the funds. The redemption price will
be the $10.00 liquidation value per MTP share, plus an additional amount
representing the final accumulated distribution amounts owed. Each fund
expects to finance the MTP share redemptions with the proceeds of newly issued
Variable Rate Demand Preferred (VRDP) shares and the redemptions are
contingent upon the completion of all aspects of VRDP share placement, which
may not occur as planned. Official notification of the redemption will be
delivered to MTP shareholders at a later date through the Depository Trust
Company (DTC). The anticipated redemption date is September 9, 2013.

The funds filing the notice are as follows:

Fund                          MTP Share       MTP CUSIPs    Common Share
                                Symbols                           Symbols
                                                  NVX PrA
Nuveen California Dividend      NVX PrA, NVX      67069X500
Advantage Municipal Fund 2    PrC                           NVX
                                                  NVX PrC
Nuveen New Jersey Dividend    NXJ PrA         NXJ PrA       NXJ
Advantage Municipal Fund                          67069Y300
                                                  NPV PrA

                                                  NPV PrC
Nuveen Virginia Premium         NPV PrA, NPV      67064R409
Income Municipal Fund         PrC, NPV PrD,                 NPV
                                NPV PrE           NPV PrD

                                                  NPV PrE

The address of the redemption and paying agent, Computershare Inc., is as
follows: 250 Royall Street, Canton, Massachusetts 02021.

The funds intend to offer VRDP shares to qualified institutional buyers in a
private offering pursuant to Rule 144A of the Securities Act of 1933.

No VRDP shares have been registered under the Securities Act of 1933 (the
Securities Act) or any state securities laws. Unless so registered, no VRDP
shares may be offered or sold in the United States except pursuant to an
exemption from the registration requirements of the Securities Act and
applicable state securities laws. This press release is neither an offer to
sell nor a solicitation of an offer to buy any of these securities.

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. Funds distributed by Nuveen
Securities, LLC., a subsidiary of Nuveen Investments, Inc. In total, Nuveen
Investments managed approximately $224 billion as of March 31, 2013. For more
information, please visit the Nuveen Investments website at


Certain statements made in this release are forward-looking statements. Actual
future results or occurrences may differ significantly from those anticipated
in any forward-looking statements due to numerous factors. These include, but
are not limited to:

  *the acceptance by qualified institutional buyers of, and demand for, VRDP
    in amounts sufficient for each fund to refinance its MTP shares;
  *the need to obtain the agreement of all parties to the final terms of the
    offerings of VRDP, including the liquidity providers;
  *other legal and regulatory developments; and
  *other additional risks and uncertainties.

Nuveen and the closed-end funds managed by Nuveen and its affiliates undertake
no responsibility to update publicly or revise any forward-looking statement.


Nuveen Investments
Media Contact:
Kristyna Munoz, (312) 917-8343
Press spacebar to pause and continue. Press esc to stop.