Three Nuveen Closed-End Funds Announce Optional Redemption Price on MuniFund Term Preferred Shares

  Three Nuveen Closed-End Funds Announce Optional Redemption Price on MuniFund
  Term Preferred Shares

Business Wire

CHICAGO -- September 3, 2013

Nuveen Investments, a leading global provider of investment services to
institutions as well as individual investors, today announced the optional
redemption price payable on the MuniFund Term Preferred (MTP) shares called
for redemption by three municipal bond closed-end funds. As previously
announced, the three funds will redeem all of their outstanding MTP shares on
September 9, 2013. The optional redemption price includes the liquidation
preference of $10.00 per MTP share plus an additional amount equal to all
unpaid dividends and distributions accumulated to (but excluding) the optional
redemption date of September 9, 2013.

                                                      
                                                         Optional Redemption
Ticker    MuniFund Term Preferred                        Price Per Share
                                                                             
NVX PrA   Nuveen California Dividend Advantage           $10.00522222
          Municipal Fund 2 MTP
NVX PrC   Nuveen California Dividend Advantage           $10.00455556
          Municipal Fund 2 MTP
NXJ PrA   Nuveen New Jersey Dividend Advantage           $10.00511111
          Municipal Fund MTP
NPV PrA   Nuveen Virginia Premium Income Municipal       $10.00500000
          Fund MTP
NPV PrC   Nuveen Virginia Premium Income Municipal       $10.00588889
          Fund MTP
NPV PrD   Nuveen Virginia Premium Income Municipal       $10.00622222
          Fund MTP
NPV PrE   Nuveen Virginia Premium Income Municipal       $10.00622222
          Fund MTP
                                                                             

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 $216 billion as of June 30, 2013. For more
information, please visit the Nuveen Investments website at www.nuveen.com.

Contact:

Nuveen Investments
Media Contact:
Kristyna Munoz
(312) 917-8343
KRISTYNA.MUNOZ@NUVEEN.COM