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

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

Business Wire

CHICAGO -- April 29, 2014

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 notices of intention to redeem all of their respective outstanding
MuniFund Term Preferred (MTP) shares. The MTP redemption price will be the $10
liquidation preference per 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 preferred shares (“new
preferred shares”) and the redemptions are contingent upon the completion of
all aspects of such preferred share placements by each fund, which may not
occur as planned. Official notification of the redemptions will be delivered
to MTP shareholders of each fund at a later date through The Depository Trust
Company (DTC). The anticipated date of each redemption is May 30, 2014.

The funds filing the notices and a description of their outstanding MTP shares
are as follows:

Fund & Common Share Symbol             MTP Share Symbols / CUSIPs
                                         NKG PRC / 67072B
Nuveen Georgia Dividend Advantage        305                  NKG PRD / 67072B
Municipal Fund 2 (NKG)                                    404
                                         NKG PRE / 67072B
                                         NMY PRC / 67061Q     NMY PRF / 67061Q
                                         404                  701

Nuveen Maryland Premium Income         NMY PRD / 67061Q   NMY PRG / 67061Q
Municipal Fund (NMY)                     503                  800

                                         NMY PRE / 67061Q     NMY PRH / 67061Q
                                         602                  883
Nuveen Pennsylvania Investment         NQP PRC / 670972   NQP PRD / 670972
Quality Municipal Fund (NQP)             801                  884

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

The funds intend to offer new preferred shares to qualified institutional
buyers (as defined in Rule 144A of the Securities Act of 1933 (the Securities
Act)) in private offerings exempt from registration under the Securities Act.

No new preferred shares have been registered under the Securities Act or any
state securities laws. Unless so registered, no new 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 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 $221 billion as of December 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,
    preferred shares in amounts sufficient for each fund to refinance its MTP
    shares as applicable;
  *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:
Kathleen Cardoza, (312) 917-7813
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