Editors please note: Correction Regarding Nuveen NIO Redemption Notice Information

2008-08-08 22:46:02 -

www.nuveen.com - In the news release, "23 Nuveen Municipal Closed-End Funds Issue At-Par Redemption Notices for Auction-Rate Securities," issued August 7, 2008, the total amount redeemed for the NIO fund, originally stated as "$11.2 million of its $638.45 million of currently outstanding ARPS," is incorrect and should read, "$15.1 million of its $638.45 million of currently outstanding ARPS." The collective total cited in the news release for all 23 funds remains the same at $353.3 million. Also, the redemption information for each series in the original release was correct.

Nuveen Investments provides high quality investment services designed to help secure the long-term goals of institutions and high net worth investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets its growing range of specialized investment solutions under the high-quality brands of HydePark, NWQ, Nuveen, Rittenhouse, Santa Barbara, Symphony and Tradewinds. In total, the Company managed $153 billion of assets on March 31, 2008.

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