Nuveen Funds Board Approves Leverage Refinancing Plan for Three CEFs

  Nuveen Funds Board Approves Leverage Refinancing Plan for Three CEFs

Funds Intend to Redeem MuniFund Term Preferred Shares

Business Wire

CHICAGO -- February 26, 2014

Nuveen Investments, a leading global provider of investment services to
institutions as well as individual investors, today announced that the Board
of Trustees of three Nuveen municipal bond closed-end funds has approved a
refinancing plan to redeem all of their respective MuniFund Term Preferred
(MTP) shares. MTP shares will be redeemed at their $10.00 liquidation value
per share plus an additional amount representing any dividend amounts owed.
The redemption of MTP shares will be made with the proceeds of newly issued
preferred shares, subject to completion of all aspects of their placement,
which may not occur as planned.

The funds intending to redeem MTP shares and a description of their
outstanding preferred shares are as follows:

Fund                                        Preferred Share     Common Share
                                             Description          Symbol
Nuveen Georgia Dividend Advantage           NKG PRC; NKG PRD;   NKG
Municipal Fund 2
                                           NKG PRE             
Nuveen Maryland Premium Income Municipal     NMY PRC; NMY PRD;    NMY
                                             NMY PRE; NMY PRF;
                                           NMY PRG; NMY PRH    
Nuveen Pennsylvania Investment Quality      NQP PRC; NQP PRD    NQP
Municipal Fund

The funds intend to offer newly issued preferred shares to qualified
institutional buyers in private offerings pursuant to Rule 144A of the
Securities Act of 1933. Details regarding specific terms and timing of the
redemptions will be communicated at a later date through filings with the
Securities and Exchange Commission, and accompanied by a public press release
at that time.

No preferred shares to be offered have been registered under the Securities
Act of 1933 (the Securities Act) or any state securities laws. Unless so
registered, no preferred 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

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 nearly $215 billion as of September 30, 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,
    preferred shares in amounts sufficient for each fund to refinance its MTP
  *the need to obtain the agreement of all parties to the final terms of the
    offerings of preferred shares;
  *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
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